The £6 gallon arrived at Britain’s petrol pumps yesterday as motorists continue to be hammered by Labour… Pundits say the weak pound, Government tax hikes and high petrol refining costs are all to blame for unleaded’s price leap. Crude shot to an 18-month high above $87 a barrel this week, from $69 in February. Though well below the 2008 high of $147, crude is on track to reach $100 a barrel by next year as demand grows with the global economic recovery.
– Louise Barnett, Express.co.uk
Just to put it in perspective, that works out to $11.53/g (US) and $3.06/L (CAN).
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