Motorists facing £6 a gallon at the pump due to Libya crisis ( UK )

At one point the price of Brent Crude spiked on the London market, hitting $119.79 a barrel – $8.54 higher than when trading started yesterday morning. “This is further bad news for motorists and forecourts as this increase looks set to coincide with the introduction of the ill thought out fuel duty escalator adding a further five pence per litre at the pump,” Mr Madderson said. According to Mr Madderson motorists’ plight is being worsened by retailers difficulties in borrowing money to pay for fuel. ... Air travel is also likely to become dearer. British Airways has already imposed a...