UK Diesel Prices Hit Record High, Poised To Climb Higher Still - Reuters

[hatrack]

LONDON (Reuters) - Retail prices for diesel have struck a record high and are set to rise further, the Automobile Association said on Thursday.

Britain's average diesel price rose to 99.95 pence per litre as of Tuesday, the association, which lobbies on behalf of motorists and has a roadside assistance business, said in a statement. The previous high was 99.72 pence on August 1, 2006.

The average gasoline pump price was 97.76 pence per litre, below its high of 98.54 pence also reached on August 1 last year.

"Diesel prices have been growing faster than petrol due to impending seasonal demand for heating oil in the U.S. Compared to the summer when both fuels reached parity on price, diesel is now 2.2 pence dearer than petrol," Paul Watters, head of AA Public Affairs, said. "Rollercoaster oil prices, with this week's new records set to extend the pain further, are placing ever greater pressure on fuel producers and retailers to pass on the extra cost to drivers."

EDIT

http://today.reuters.co.uk/news/articlenews.aspx?type=motoringSummary&storyID=2007-10-18T133553Z_01_NOA848862_RTRUKOC_0_DIESEL-PRICES.xml

[Newsjock]

1. A helpful conversion

99.95p per liter is US$2.044 per liter, or $7.74 per US gallon.

Have a nice day.

[Javaman]

2. How does bio-diesel do there? nt

[depakid]

3. I wonder if and when the lorry drivers will get irate again

They can pretty well shut things down when they're motivated.

[phantom power]

4. What good would it do?

[depakid]

5. At least it would serve as a proper venting!

http://en.wikipedia.org/wiki/UK_fuel_protest

Might even raise public awareness.