INFLATION t.co/UiB8noE6zn
— Amit Noam Tal (@amital13) February 15, 2022
A combination of high taxes and constrained supply continues to push fuel prices ever upwards, with average prices at the pump reaching a dizzying new high in the United Kingdom, with petroleum selling on average for £1.48 a litre — $7.60 a U.S. gallon — for the first time.
Britain’s Automobile Association (AA) has revealed that average vehicle fuel prices over the weekend had hit new highs, with petrol (gas) on sale at 148.02 pence a litre ($7.60 a U.S. gallon) and diesel at 151.57 pence ($7.76 a U.S. gallon). These are new historic highs, nudging out the previous high at the end of last year.
The steady rise in price for auto fuels is being driven by stronger demand for energy as the global economy re-opens after years of lockdowns imposed by national governments and the state of relations with Russia, The Guardian rep …
www.breitbart.com/europe/2022/02/14/gas-at-7-70-a-gallon-uk-pump-prices-hit-new-highs/