US Edition
Published • loading... • Updated
UK Fuel Spending Rises 11% After Middle East Conflict Sparks Price Fears
UK motorists increased fuel spending by 10.9% amid Middle East conflict fears as petrol prices surpassed 150p per litre, causing some temporary shortages, Barclays and RAC data show.
- Following the US-Israel war on Iran that began February 28, UK motorists increased fuel spending by 10.9% as crude oil prices climbed above $100 a barrel.
- According to the RAC, unleaded petrol prices have surpassed 150p a litre for the first time in two years, having jumped over 17p since the conflict began.
- Asda boss Allan Leighton said on Friday the chain experienced "temporary shortages" at some pumps, though Fuel Industry stated that overall supply remained "stable."
- Barclays data showed spending on holidays and travel fell 7.9% in the week beginning March 14, with 54% of that decline from consumers pausing bookings.
- The Barclays noted fuel spending quickly returned to normal levels, though chief executive Vim Maru said conflict concerns lead people to remain more cautious.
Insights by Ground AI
6 Articles
6 Articles
Shock data shows surge in motorists' spending on fuel in Iran war aftermath
The average price of unleaded petrol has now risen past 150p a litre for the first time in nearly two years, having jumped over 17p since the conflict began, according to the latest RAC data
·London, United Kingdom
Read Full Article
Coverage Details
Total News Sources6
Leaning Left5Leaning Right0Center1Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
C 17%
Factuality
To view factuality data please Upgrade to Premium
