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Motorists buy more gas when prices are high – but chains urge not to take away

Some drivers are filling up with gas before prices are expected to rise, but supermarkets report that they have enough petrol and diesel to get around without shortages.

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Petrol stations optimistic about gasoline and diesel supplies

Supermarkets say they are selling more petrol than usual as Britons try to beat price increasebut have enough fuel to get around.

Several drivers have been detected reserve gasoline amid concerns that oil and gas prices may rise after the crisis in Ukraine.

However, supermarkets and petrol station chains said that although more drivers were refueling today, fuel levels were still high, so people should not over-buy.

Mirror reached out to all major supermarkets that sell petrol and a joint statement was issued from the trade body of the British Retail Consortium (BRC).

BRC director of food & sustainability Andrew Opie said: “Despite increased sales at supermarket petrol stations, fuel levels remained high with no disruption to daily deliveries.

“While weekend sales are consistently higher as the public prepares for the weekend, some consumers may be trying to anticipate any future changes in oil prices.”

A source close to Shell said their garages also have normal gas levels. Texaco would not comment.

Why are gasoline and diesel prices rising?

Russia launch a full-scale invasion of Ukraine yesterday, with explosions heard across major cities this morning.

According to reports, the conflict has resulted in several deaths.

Mirror’s chief correspondent, Andy Lines living above ground in Kyiv.

But conflict will also have economic impacts around the world – particularly in the UK.

Prime Minister Boris Johnson warned that “one of the risks in Putin’s venture is that there could be … a spike in oil prices”.

The prices of these fuels are relative to Brent crude – the most important oil used in Europe.







Supermarkets buy a lot in advance, so you don’t need to worry about running out of stock
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Image:

PA)

The price of a barrel of Brent crude rose to more than $100 (£74.29) yesterday for the first time since 2014 Russia moved to Ukraine.

This happened due to concerns that oil could become a lot harder to trade.

Russia is the second largest oil producer in the world and sells mainly to other European countries.

Depending on how the conflict plays out, this could mean disrupted conventional oil supplies – and even higher prices.

Britons are paying more than ever to refill their cars like Petroleum and diesel price hit a record high This week, government figures show.

The average price of a liter of petrol is now 147.7p and diesel is 151.95p.

The previous record for petrol was 147.53p, set in November 2021.

Tom Tugendhat, chairman of the Committee on Foreign Affairs, told BBC gas prices could rise “significantly” by more than £1.70 a litre.

Speaking to the BBC Today programme, he said: “10% of the world’s wheat is grown in Ukraine and I’m afraid the idea that this year will be a good harvest is for the birds.

“This is absolutely one of those moments where we’re going to see a war-induced cost-of-living crisis.”

You can check out the cheapest place to get gas by entering your zip code at petrolprices.com or check out our guide on how to save gas, this.

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https://www.mirror.co.uk/money/drivers-buying-more-petrol-prices-26331616 Motorists buy more gas when prices are high - but chains urge not to take away

Fry Electronics Team

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