PetrolPrices.com traffic soars as unleaded smashes £1 barrier

07th November 2007

(Aldershot, UK) Today sees the average price of unleaded across the UK rise above 1 pound a litre for the first time ever.

Figures from PetrolPrices.com, show that both unleaded and diesel are at record highs, with unleaded now 100.08p per litre and diesel 103.32p

Petrol prices have been rising steadily for the past year from a low of 85.9p on 26th November 2006 - up almost 15p in less than one year.

The cheapest petrol available at the time of writing is 94.9p at 24 stations nationally.
The most expensive petrol on sale today costs 109.9p at 4 stations.

"This is terrible news for the motorists. It looks like speculators betting oil prices will rise are creating false demand and driving prices at the pumps higher. Hopefully we will see their bets go wrong and the price of oil fall back to bring us under the £1 mark again. In the meantime because we are in a rising market at the moment using PetrolPrices.com to find the cheapest stations is more effective than ever." Brendan McLoughlin - Managing Director - PetrolPrices.com.

The web site has seen an increase in site traffic of over 450% today and over 6,500 new users have signed up today so far. The site already has just under 1 million users and has been operating since November 2005 but new users are now joining at the fastest rate for months.

Notes to editors

Petrolprices.com is the only free price comparison website for petrol and diesel in the UK. It allows consumers to search for the cheapest stations in their area, with potential savings of 15p a litre. 87% of 5000 users surveyed in September 2007 claimed the site saves them over £100 per year but as fuel rises the savings grow as the spread between the lowest and highest prices stations widens.

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Brendan McLoughlin
Managing Director

PetrolPrices.com
e: brendan@petrolprices.com
w: www.petrolprices.com
p: 01252 367201