Spectre of

MOTORISTS face the prospect of paying

The Israeli offensive in Lebanon, combined with on going tension involving both Iran and North Korea, yesterday contributed to oil prices rising above $76 a barrel for the first time.

Soaring demand for fuel in the U.S. is also hitting supplies.

Analysts said the political risk factors that dictate oil prices are ‘out of control’, pointing to even higher prices to come.

This Is Money (U.K.)