Fears of petrol hike increase
FILLING up your car in Gloucestershire is going to become even more expensive, experts say.
According to figures released by The AA, the cost of petrol has already soared by 4.69p per litre since mid-August while diesel has rocketed by 4.15p a litre in the same time.
The sharp rise in prices has alarmed motorists, money experts and MPs alike.
Emma Gardner, who owns three petrol stations in the county, said: "The prices have definitely gone up and as they do the margins get tighter and the supermarkets get more aggressive, so it is not good for us either.
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"People see the higher price and think that it must be good for us, but it's not.
"There's been a bit of a drop in the price of fuel this week but this takes a while to filter through to the forecourt."
Since July 1, when petrol sank to a summer low of 130.81p and diesel 136.12p, the cost of a typical 50-litre petrol refill has risen from £65.41 to £70.11.
Forecasters say that a brief respite in the next few months will give false hope to motorists because it will cost £100 to fill up a family car with petrol by 2015.
The expected increase has been blamed on disruptions to the supply chain such as the Libya conflict. As those disruptions subside, prices will fall, but rising demand for fuel in Asia will see prices increase over time.
Driving instructor Peter Baker, who teaches pupils across Cheltenham and Gloucester, said: "It is coming to the stage where I am considering putting my prices up. Obviously I don't want to do it but at the same time we can't run on nothing. It's a hard call to make because young people just don't have the money.
"I live in Moreton-in-Marsh and here we are feeling the cost even more as there is always an extra 4p or so added to what you might pay in Cheltenham.
"I try to get my fuel when I'm in Cheltenham but even there it is becoming expensive. The cheapest at the moment is about 140p.
"The Government needs to realise that cutting fuel tax is the only way forward. If they do this it will mean more people will be filling up their tanks and they will make just as much money in taxes."
Prime Minister David Cameron is facing a backlash from around 80 MPs who want to see the Government take action by slashing fuel tax to ease the burden on motorists.