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Drivers Urged to Tank Up as Israel-Iran Conflict Drives Oil Prices Higher

Wholesale fuel costs usually hit UK forecourts about two weeks after crude price moves

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Overview

  • Brent crude jumped almost 10% on the Israel-Iran conflict before settling with a 7% gain at $74 a barrel.
  • The UK average petrol price stands at about 131.35p per litre, its lowest real-terms level since 2001.
  • RAC figures show that shifts in wholesale fuel costs generally take around two weeks to filter through to forecourt prices.
  • AA and motoring experts urge motorists to fill up this weekend to lock in cheaper rates before prices rise.
  • Confused.com advises that measures such as removing extra weight, proper tyre inflation and avoiding idling can help curb fuel consumption.