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| Petrol price in biggest fall since 2008, says AA | Petrol price in biggest fall since 2008, says AA |
| (34 minutes later) | |
| The AA says petrol prices have recorded their biggest fall since 2008, taking the average cost to 132.16p a litre. | The AA says petrol prices have recorded their biggest fall since 2008, taking the average cost to 132.16p a litre. |
| The motorists' lobby group said average petrol prices fell 5.49p a litre between mid-September and mid-October, the biggest monthly fall since prices fell 11.5p in November 2008. | The motorists' lobby group said average petrol prices fell 5.49p a litre between mid-September and mid-October, the biggest monthly fall since prices fell 11.5p in November 2008. |
| The price of diesel has fallen from 142.50p a litre to 139.12p. | The price of diesel has fallen from 142.50p a litre to 139.12p. |
| The AA said lower wholesale fuel prices had prompted the price drop, but warned that further falls were unlikely. | The AA said lower wholesale fuel prices had prompted the price drop, but warned that further falls were unlikely. |
| The organisation says the recent drop in prices means the cost of filling up the tank of a small petrol car has fallen by £2.74, while a larger vehicle, such as a Ford Mondeo, would cost £3.84 less to refuel. | The organisation says the recent drop in prices means the cost of filling up the tank of a small petrol car has fallen by £2.74, while a larger vehicle, such as a Ford Mondeo, would cost £3.84 less to refuel. |
| Northern Ireland is the most expensive place for petrol, with an average pump price of £132.9p a litre, and London, the north of England, and Yorkshire and Humberside are the joint cheapest at 131.9p. | Northern Ireland is the most expensive place for petrol, with an average pump price of £132.9p a litre, and London, the north of England, and Yorkshire and Humberside are the joint cheapest at 131.9p. |
| Scotland is still the most expensive for diesel at 140.1p a litre, while London is the cheapest at 138.6p. | Scotland is still the most expensive for diesel at 140.1p a litre, while London is the cheapest at 138.6p. |
| Regional variations depend on whether an area is mainly urban - in which case there is more competition - or if it is mainly rural - in which case suppliers have higher transport costs and there is less competition. | Regional variations depend on whether an area is mainly urban - in which case there is more competition - or if it is mainly rural - in which case suppliers have higher transport costs and there is less competition. |
| Overall, the AA says the UK has the seventh-highest petrol price and the second-highest diesel price in Europe. | Overall, the AA says the UK has the seventh-highest petrol price and the second-highest diesel price in Europe. |
| The fuel price data is supplied by the research firm Experian Catalist. | The fuel price data is supplied by the research firm Experian Catalist. |
| Higher prices | Higher prices |
| The AA said further falls in petrol prices were unlikely, because of poor refinery capacity in the UK and the likely strengthening of the US dollar. | The AA said further falls in petrol prices were unlikely, because of poor refinery capacity in the UK and the likely strengthening of the US dollar. |
| The US dollar is expected to rise in value now that the standoff over the country's budget is over and oil is priced in dollars. | The US dollar is expected to rise in value now that the standoff over the country's budget is over and oil is priced in dollars. |
| The AA's president, Edmund King, said: "A more than £2.50-a-tank cut in petrol costs for families is a dramatic improvement on its own. But, heading into winter with cars using more fuel, the timing couldn't be better. | |
| "Alongside Asda, Sainsbury's decision to fully reflect the fall in wholesale prices has been a huge benefit for drivers and businesses. | "Alongside Asda, Sainsbury's decision to fully reflect the fall in wholesale prices has been a huge benefit for drivers and businesses. |
| "However, the AA is also encouraged by the growing band of non-supermarket retailers challenging the pricing of other supermarkets whose prices in many places are far less generous," he added. | "However, the AA is also encouraged by the growing band of non-supermarket retailers challenging the pricing of other supermarkets whose prices in many places are far less generous," he added. |
| The organisation said that the situation at the Grangemouth refinery in Scotland, where a dispute between management and unions has led to a temporary closure, had highlighted the UK's lack of refinery capacity. | The organisation said that the situation at the Grangemouth refinery in Scotland, where a dispute between management and unions has led to a temporary closure, had highlighted the UK's lack of refinery capacity. |
| It urged the government to find ways to support domestic refineries. | It urged the government to find ways to support domestic refineries. |