On Thursday, 9 June 2022, the cost of filling the average family car exceeded £100 for the first time.
Rising petrol and diesel costs have been in the news a lot recently, and the conflict in Ukraine was the first cause for this back in March.
On 7 March fuel prices hit a UK high, this comes after the price of oil rose significantly to $139 per barrel.
On 8 March, a ban of Russian oil was confirmed by the UK government, and imports are to be phased out by 2023.
This decision had another impact on the price of fuel at our pumps.
The cut of 5p on fuel duty has lessened the burned slightly for motorists, but prices remained high and the ban on Russian oil has added to the problem.
As of 16 June, the average price of a litre of petrol in the UK was 187.51 pence whilst the average for a litre of diesel was 194.17 pence.
This is according to the RAC.
Why are fuel prices rising?
The cost of fuel at pumps is mostly influenced by the cost of oil.
This cost has risen sharply in the 12 months from January 2021, rising from roughly $73 per barrel then to in excess of $134 per barrel in February 2022.
Fuel companies are struggling to keep up with the demand in fuel, which has now returned to pre pandemic levels having dropped during the coronavirus crisis.
This week, there has been calls to cut VAT on fuel as petrol prices are expected to hit £1.60.
Where are some of the cheapest filling stations to get petrol in Birmingham?
Costco Birmingham
Price: 188.7p per litre
Address: Heartlands Parkway B7 5SA
Opening times: Monday-Friday 6am-9.30pm, Saturday 6am-8pm, Sunday 7am-6pm
Please note this price is exclusive to Costco members only
Esso Barnes Hill
Price: 182.9p per litre
Address: 5540 Barnes Hill, Birmingham B29 5UJ
Opening hours: 7.30am-10.30pm
Esso Sutton Road
Price: 182.9p per litre
Address: 125 Sutton Rd, Erdington, Birmingham B23 5TW
Opening hours: 6am-12am
Esso Highland Road
Price: 182.9p per litre
Address: 29b Highland Rd, Dudley DY1 3BT
Opening hours: 6am-12am
Esso Whitehouse Common Road
Price: 182.9p per litre
Address: Whitehouse Common Rd, Sutton Coldfield B75 6HD
Opening hours: 7.30am-10pm
Where is the cheapest place to get diesel in Birmingham?
Costco Birmingham
Price: 188.7p per litre
Address: Heartlands Parkway B7 5SA
Opening times: Monday-Friday 6am-9.30pm, Saturday 6am-8pm, Sunday 7am-6pm
Please note this price is exclusive to Costco members only
Gulf Vauxhall Road
Price: 191.7p per litre
Address: Vauxhall Road Fuel Express Automat, 37 Vauxhall Rd, Lawford Cl, Birmingham B7 4HU
Opening times: 24/7
Texaco Pershore Road
Price: 191.9p per litre
Address: 1704 Pershore Rd, Breedon Cross Bridge, Birmingham B30 3DT
Opening times: 24/7
Esso Alcester Road
Price: 192.9p per litre
Address: Alcester Rd, Birmingham B47 6DG
Opening hours: 24/7
Jet Alcester Road
Price: 192.9p per litre
Address: JET Petrol Station, 619 Alcester Rd S, Birmingham B14 5EL
Opening hours: 24/7