Cost of living: Why are fuel prices rising so fast and how we’re faring compared to Europe

Sky News says the cost of filling the average family car with petrol is tipped to exceed £100 for the first time, when industry figures are released later on Thursday.

Cost of living: Why are fuel prices rising so fast and how we’re faring compared to Europe

Sky News says the cost of filling the average family car with petrol is tipped to exceed £100 for the first time, when industry figures are released later on Thursday.

The price of fuel has been a major component of the cost of living crisis from the off, with diesel – the engine of the UK economy – already passing the mark.

The pump charges all add to the inflation gloom because if things such as fuel and energy costs are more expensive for businesses too, these extra bills are eventually passed on along the supply chain to, you guessed it, you and me again.

It is one reason why food bills are going up as the cost of production – and distribution – is climbing.

https://news.sky.com/story/cost-of-living-why-are-fuel-prices-rising-so-fast-and-how-were-faring-compared-to-europe-12630091

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