Drivers have been told to expect a soar in fuel prices "any time soon" following the invasion of Ukraine by Russia.
Shortly after 7am on Thursday, the cost of Brent crude oil reached its highest level in eight years — rising by by 5.6% to $102.30
Average fuel costs at forecourts in the UK were already at record high levels before the escalation of the situation in Ukraine.
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As reported by Hull Live, the situation is expected to worsen as retailers pass on further rises in wholesale costs.
AA president Edmund King said: “Russia’s attack on Ukraine and resulting geopolitical uncertainty has pushed Brent crude above 100 US dollars per barrel for first time since 2014.
“This will result in hikes in prices at the pumps.
“New record fuel prices are likely any time soon.”
Mr King recommended that drivers eager to conserve fuel consider not using their cars for small journeys — as well as car-sharing, reducing speeds and driving more smoothly.
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Research from data company Experian Catalist reveals that the average price of a litre of petrol at UK forecourts on Tuesday was 149.30p, while diesel cost 152.68p.
RAC fuel spokesman Simon Williams said the increase in the cost of oil will “inevitably lead to wholesale fuel prices going up, which will in turn push record pump prices even higher”.
He continued: “If the oil price were to increase to 110 US dollars per barrel there’s a very real danger the average price of petrol would hit £1.55 a litre.
“This would cause untold financial difficulties for many people who depend on their cars for getting to work and running their lives as it would skyrocket the cost of a full tank to £85.”
