Petrol price to hit record as oil-shortage fears bite

Petrol prices are set to hit record highs next week after escalating fears of a global oil shortage this winter pushed the price of US crude above $92 a barrel. At one point yesterday US light crude spiralled to $92.22 as world markets reacted to the US Government


Unleaded is averaging 98.39p, just a fraction below the 98.54p high of a year ago, while diesel is already at a record 100.9p. Paul Watters, the AA