This morning I reported on Asda dropping the price of petrol and diesel.

The supermarket price war on fuel continues! Today Asda has cut petrol and diesel prices by 2p and 4p. Unleaded petrol has fallen to 111.9p per litre and diesel has dropped to 124.9p per litre.

The scare of a shortage of fuel after the walkout at Grangemouth oil refinery has sent prices even higher. A forecourt reported on BBC news that its sales where up 15% due to people panic buying. The price of petrol is getting beyond peoples means and doesn’t look set to drop below £1.00 ever again! [...]

The Office of National Statistics (ONS) have released a report saying that rising fuel costs are to blame for inflation running at its highest level since June last year. Average petrol prices rose by 1.3p in January 2008 to 103.9p per litre, compared with a fall of 0.8p in January 2007.
You can read more about inflation on the [...]