UK Petrol Prices Soar, Hitting Drivers Hard

0:00On April 30th, petrol wholesalers in the UK are facing their highest costs since the Iran war kicked off on February 28th and the RAC says, those prices could soon hit drivers at the pumps. Pump prices for unleaded have dipped a bit more than one penny since peaking at 158.31 pence on April 15th, but there's still 24 pence higher per liter for petrol and 47 pence for diesel compared to pre-war levels. Prices have shelled out an extra 500 million pounds on petrol and 1.5 billion pounds on diesel since the fighting started, with diesel owners often truckers and businesses filling the biggest squeeze as they pass costs along. Oil prices just hit their highest since 2022, fueled by fresh Middle East tensions and worries over possible escalation, though diesel. Whole sale is below its peak and could drop more with warmer weather cutting heating oil demand. Little shifts play a role too, like more U.S. driving boosting petrol needs in spring,

1:01but as this fuel crunch drags on, from wallets to the economy, we're all riding the same rough road.