Iford: petrol back under a pound

Image: © Chris Downer Taken: 11 Dec 2015

In October 2008, petrol returned to below £1 per litre after a year in three digits (see Image). Within a year the price had gone back up over £1. Today, in December 2015, petrol has once again dipped below the £1 mark, although the period since this last happened is far longer - about 6 years - and the average was for much of 2012-13 in the high £1.30s, peaking at about £1:42. The last couple of weekends, Asda sold petrol at 99.7p per litre, and Morrison's announced yesterday that their fuel would be below a pound from today. The fact that this is a third brand to lower the price suggests that it is going to be a more mainstream scenario in the immediate future. Ironically, the dip in price may have stood out more without the leading zero on the sign.

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