It's been a depressing few weeks for drivers, who've been hit by four months of fuel price rises in a row.
But the good news is that there is at last some hope on the horizon after Asda announced a 3p a litre cut in prices coming tomorrow (June 6).
Asda senior fuel buyer Dave Tyrer said "Motorists have seen rising prices at the pumps since March so it will be a welcomed boost that as a result of wholesale prices recently falling we’ve been able to pass these savings onto our customers."
The new prices means drivers will pay no more than 128.7ppl on diesel and 126.7ppl on unleaded.
And the better news is that in the past when Asda cuts, the rest of the supermarkets have followed.
Petrol price pain
Petrol became 11p a litre more expensive between the beginning of February and the end of May, while diesel was up 7p a litre over the same period, RAC figures show.
That represented four months in a row of price rises.
Luke Bosdet, the AA’s fuel price spokesman, said: “UK drivers have been thrown around on a year-long pump price rollercoaster that has added 10p a litre, taken it off and then put it back on again.
"Families with cars react badly to price shocks, but worse still when falling wholesale prices aren’t reflected at the pump.
“In the past fortnight, wholesale petrol and diesel prices have dropped but average UK pump prices have continued to rise."
The general rule of thumb is that petrol prices move about 1p a litre for every $2 price change in the price of oil.
And the good news is that prices fell from $70 at the start of May to $65 at the end of it.
RAC fuel spokesman Simon Williams said: "After suffering a steady flow of daily fuel price increases because of rising wholesale costs, we urge retailers to reflect this sudden drop in the price of oil by cutting their prices as soon as possible.
"The supermarkets who buy fuel more often than smaller retailers due to the large volumes they sell should be able to do this straightaway to bring some welcome relief to drivers who have had to endure seemingly ever-increasing prices."
