CREDIT CARDS

Petrol Prices Could Increase to Record High Again

Petrol Prices are on the rise again according to the AA.

Currently prices are just 1p away from reaching a record high and prices look set to increase within the next fortnight.

The AA claim that petrol was now costing on average 136.40p a liter, compared to the record 137.43 set in May.

Miserable motorists are now being forced off the road due to higher prices as 46% have habitually shopped around to find the least expensive petrol station and 42% are even walking to destinations more often than driving.

The cost of filling up the average car with a 50 litre tank is now at £68.20, but many drivers end up paying much more, especially in rural areas

Luke Bodset from the AA said, “At this rate we could be hitting a new record within a fortnight. That is the worst case scenario.”

Current pump price rises offer little hope of respite in the near future.

‘This week, average UK petrol prices rose another half a penny to 136.40p a litre on Thursday, while diesel prices are up three-quarters of a penny since Sunday to 140.73p.

‘A year ago, a litre of petrol cost 19.53p less and diesel was 21.42p cheaper.’ Shell’s second-quarter profits bonanza represented a jump of 77% on the previous year.

AA Credit Card

If fuel is causing you to go over budget each month then you may find a credit card that rewards you for spending could help.

The AA credit card for example is one of the many cards currently on the market which enables card users to earn points on their everyday purchases, and double points on motoring purchases so you can exchange the points for either cashback or vouchers or a whole range of treats.

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