Do forecourt prices rise faster than they come down?

Diesel prices hit record high

Published:  28 October, 2009

BASINGSTOKE: Diesel prices are now at their highest level this year, according to the AA.

The average pump price including taxes is 108.40p a litre the AA reported. The price increase significantly increases commercial vehicle operating costs.

AA Public Affairs head Paul Watters said: "With the rise in wholesale prices slowing and the price of oil falling back, the AA is hoping that this is yet another spike in the pump price that will drop back.

"Although the blame lies squarely with stock market traders shifting funds from currencies to commodities, a 1.3p-a-litre rise in the pump price of petrol this week fuels driver suspicion that forecourt prices rise faster than they come down."

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