High fuel prices could lead more drivers to switch to electric cars, according to the RAC, which has just released a review of current fuel prices in its latest Fuel Watch report.
The price of petrol has risen for the seventh successive month and is now more than 22ppl more expensive than a year ago – the biggest 12-month increase seen for 11 years – according to data from RAC Fuel Watch.
Petrol prices at the pumps rose for the sixth consecutive month, according to the latest Fuel Watch figures.
The health of the European refined products market is steadily improving as vaccine roll-outs continue to gather pace and demand slowly returns, but plenty of hurdles remain before the industry can breathe a sigh of relief.
Low refinery runs and firm export demand have tightened European road fuel supply this winter, even as strict Covid-19 travel restrictions returned. European refineries responded to the return of Covid restrictions by slashing runs on an unprecedented level.
Fuel prices - January 2021
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