UK: Cost of Filling Family Car Tops £100

    Photo: EPA [via The Guardian]

    The Facts

    • On Thurs., the cost of filling an average-sized UK family car topped £100 ($125) for the first time, when average gas prices passed £1.82 a liter (roughly $8.60 a gallon).

    • Diesel also reached a new record with the average price of a liter costing £1.88 on Wed., putting the cost of filling a 55-liter family car slightly higher at £103.43.

    The Spin

    Right narrative

    The government has and continues to mitigate the impact of this crisis on consumers and help Britons with the cost of living. It's now time for the government to scrutinize retailers and ensure they pass cuts on to consumers.

    Left narrative

    Consumers are already facing a crippling cost of living crisis, with food and energy prices hitting record highs. Fuel is only expected to rise further and, rather than blaming retailers, the government needs to implement radical relief policies.

    Narrative C

    Reducing fuel prices through tax cuts is only going to prolong this crisis: by making fuel more affordable, demand is stimulated which puts further pressure on an already burdened supply chain. Though unpopular, the government needs to let the market work.

    Nerd narrative

    There's a 50% chance that the price of oil will be at least $93.1 per barrel by December 2022, according to the Metaculus prediction community.

    Political split



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