Prices at the petrol pump are on course to fall below 160p a litre thanks to plummeting wholesale rates, just weeks after hitting a record high, according to the AA.
25.07.2022 - 23:37 / dailyrecord.co.uk
Drivers have been flocking to a family-run petrol station with the cheapest fuel for miles after being "taken for mugs". Motorists have rushed to the garage to fill up their vehicles and claim other expensive petrol stations are profiteering during the cost of living crisis.
The filling station in Wales has been selling unleaded petrol for 169p per litre while the RAC's fuel watch figures show that the average price is currently 187.19p.
Prices dropped even further to 167.9p on Friday morning, which meant the UK average cost nearly 20p more than unleaded fuel at Bailey's Garage on Brecon Road, Abergavenny.
The garage also sells cheaper diesel, with Bailey's selling it for 184.9p against a UK average of 195.88p, reports WalesOnline.
The garage's general assistant, Cerys Holland, said that since the price of their BP petrol went down two weeks ago it had been "bonkers" and the staff "don't stop".
Meanwhile, owner Ian Bailey said he was four times busier than he'd ever been before in the 50 years he'd run the garage - and had been left scratching his head as to why no-one else had dropped their prices.
He explained how he bought fuel every day on a system which set the cost of petrol and diesel based on the fluctuating prices of crude oil. As an independent business, he can then decide how much of a mark-up he puts on the price at the pump.
He added, matter-of-factly, that it seemed only fair that he shouldn't profiteer from the falling cost of fuel and was seemingly perplexed by the interest in his garage all of a sudden.
"I'm wondering as well why other people haven't dropped their prices," he said. "I can't see why we're so cheap.
"We've always been cheap. I could put it up to be the same as other garages and we would be
Prices at the petrol pump are on course to fall below 160p a litre thanks to plummeting wholesale rates, just weeks after hitting a record high, according to the AA.
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