Fuel prices are falling faster than at any other point 2024, new figures show, as the RAC says there is still “scope for further price cuts”. Average prices for petrol and diesel have fallen by nearly 7p per litre on forecourts over the last month, reaching their lowest level in nearly three years. Typical per-litre petrol prices have fallen from 142.
9p to 136.2p, while diesel has dropped from 147.7p to 140.
9p. That means the cost of filling a 55-litre family car is almost £4 cheaper than a month ago. Seven common speed camera myths RAC fuel spokesman Simon Williams said: “It’s really encouraging to see pump prices coming down so rapidly , which we know is as good for drivers’ wallets as it is for keeping the headline level of inflation in check.
“Of course, global oil prices and even the strength of the pound can fluctuate wildly and that’s something completely out of drivers’ control. “But with the cost of filling up making up a sizeable chunk of many households’ overall monthly spending it makes sense to stretch every pound spent on fuel as far as possible. “ Driving efficiently , for instance, with a light right foot and by changing up to as high a gear as possible, is the best way to do this, along with paying less to fill up in the first place.
“Based on wholesale pump prices, which is what retailers pay to buy the fuel in the first place, we know there’s scope for further price cuts so we very much hope that within the next few weeks we’ll .