Fylde coast motorists were today warned to enjoy plummeting petrol prices while they last – with costs expected to increase in the new year.
Fuel costs across the UK have fallen by close to 15p in recent weeks following the plunging price of world oil combined with petrol firms passing on savings to drivers.
The price of Brent crude, now down below the $60-a-barrel mark for the first time since early July 2009, was predicted to keep on dropping, with some motoring groups predicting a litre of petrol could dip below £1 – the lowest level since the end of May 2009.
And today Terry Godbert, the chairman of Blackpool and Fylde Advanced Motorists, urged motorists to take advantage of low costs while they can.
He added: “It is very good news. I’ve had word it could go as low as £1.05 or £1 very soon.
“It used to cost me £75 to fill up my tank – the other day it cost around £50.
“People have been crying out for this for a long time.
“But I would urge people to enjoy it while it lasts – by February I expect prices to go back up as the market evens itself out.”
Motoring group the RAC said the average price of a litre of petrol is 116.9p – close to 14p a litre cheaper than at the start of the year.
Diesel is almost 16p cheaper – 122.33p a litre now compared to 138.24p in January.
Filling stations across the Fylde coast had yesterday slashed prices to 113.9p for a litre of unleaded fuel, with Asda Supermarket on Cherry Tree Road the lowest station for diesel at 118.7p a litre.
RAC fuel spokesman Simon Williams said: “What’s currently happening at the pumps with falling fuel prices is something many motorists will not remember seeing before.
“Talk of prices going up like a rocket and falling like a feather could not be further from the truth as retailers have been quick to pass on savings at the forecourt.”