Petrol prices could hit their highest level since December 2014. About 15 oil refineries in the United States producing four million barrels a day — a quarter of the country’s output — have been shut down. Pete Williams, of the RAC, said that this would create a knock-on effect in the UK as Europe exports fuel to plug the gap. “The price of unleaded petrol will leapfrog diesel early next week, rising by up to 4p per litre as the shutdown of large refineries in the Gulf Coast drives up US demand for petrol imports,” he said. “The average price…

Source: The Times September 01, 2017 16:07 UTC