21.10.08 Price cuts create biggest ever fuel price gap
The price war driving down the cost of fuel in the UK has created the biggest ever gap between the highest and lowest priced fuel, according to data from PetrolPrices.com.
The lowest priced unleaded, as a result of retailers slashing prices over the last week week, is 96.9p. However, the most expensive is 121.9p - a full 25p more. For diesel the spread is also 25p. The cheapest diesel is now 107.9p, and the most expensive 132.9p. A 'normal' price gap is around 17-19p.
Petrol stations have been slashing prices recently as a result of a dramatic fall in oil prices. Last week was the first time the price of unleaded dropped below £1 a litre since December 2007.
However, smaller stations are typically unable to respond to falling oil prices as quickly as big chains, meaning that there is a bigger difference in prices than ever before. The previous record price gap of 20p and 22p for unleaded and diesel respectively was last set on August 12th.
The price gap over short distances has also increased. One example from PetrolPrices.com shows a 15p difference in unleaded over just 5 miles in Northampton. In London, the gap is 20p over just 2 miles. There are similar examples across the country.
A motorist shopping at the most expensive station in London would spend an extra £528* a year on fuel compared to a smart motorist who found the cheapest station in the area using PetrolPrices.com.
It's not often drivers hear good news about petrol prices, but fuel for less than £1 a litre certainly is that. However, not all stations are able to cut their prices as quickly because they bought fuel at a higher price.
When prices are falling the cheapest stations change every day, so drivers should shop around online to avoid getting caught out.
Have you noticed the fuel price gap widening? What's the price difference in your area?
*Based on 55 litre car filling up 4 times a month.








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Just to let people know that unleaded petrol is 95.9 @ Shell Whitemare pool in Gateshead.
Hi, today at Finedon(near Wellingborough) Unlead was 94.9. I wich it start hapens about Ely area. Thanks.
Today @ Esso, London Road, Patcham, Brighton
Unleaded 98.9
Diesel 110.9
Cheapest I can see in this area, other local garages quite close to these values, but this is good.
Hope it helps