UK Fuel Crisis: Prices Hit An Eight Year High, Fuel Shortages & Long Queues...
Let’s talk about the UK’s current hot topic… our fuel crisis. There’s no way of escaping it - the subject is being discussed all over social media, the news and the radio. You’ll most likely hear strangers talking about it when passing by and the roads are definitely a lot busier with queues here, there and everywhere! So, what’s going on?
According to the RAC, petrol prices have hit an eight year high. The average price of a litre of petrol in the UK increased from 135.87p on Friday to 136.59p on Sunday, the last time it was this high was back in September 2013. These figures are shocking, especially at a time of financial uncertainty, with increases in oil, taxes and electricity also. But, it’s not over just yet, a motoring group has stated that fuel prices could increase even further throughout the upcoming months.
Last week, it was announced that the UK was suffering with a shortage of Heavy Goods Vehicles (HGVs). The announcement worried many and led to them panic buying petrol. There were long queues outside countless petrol stations with people concerned about whether or not they’d have enough fuel to commute to work, visit family and friends and get the groceries in.
What’s causing the price increases?
It’s said that the price increase is down to a number of things including:
- The economic recovery due to Covid-19
- Wholesale fuel prices increasing
- Brexit &
- Chaos at the pumps - temporary spikes in customer demands
Some retailers have also taken advantage of the current delivery problems and hiked their prices.
Many outraged motorists have taken to social media, including Callum Dunlop who explained his local station situation! “I filled my car (diesel) at 137.9 a couple of weeks ago, two nights ago when panic buying started prices had risen to 149.9 in the same garage, last night that same garage was charging 157.9 with petrol seeing a similar price hike.” These raging prices are worrying, especially since so many people depend on their cars to earn a living.
Petrol Retailers Association, which represents about 60 per cent of the UK's Independent fuel sellers, say the panic buying led to somewhere between 50 and 90 percent of pumps running dry in various areas. The government has since said that the army has been put on standby to deliver petrol to stations if need be.
A limited number of petrol stations have also capped their maximum spend to take the ease off of queues, this is resulting in many of the staff members getting the backlash from angry customers.
What do we do now?
The main thing is to stop panic buying, this prevents those that desperately need the fuel from filling up.
The problem ultimately lies with the driver shortage and even then, there are solutions around it.
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