RAC fuel spokesman Simon Williams said: “We have been expecting to see the price of petrol come down to £1 per litre, or lower, for some time thanks to the decline in global oil price and retailers willing to make cuts at the pump on an almost weekly basis.
RAC chief engineer David Bizley said: “Today’s announcement is to be applauded as a victory for common sense and a clear blueprint for investment in England’s strategic road network which will deliver long-term benefits for all road users and for the UK economy.
Pete Williams RAC head of external affairs said: “We welcome today’s call from Danny Alexander for lower fuel pump prices for motorists. There is certainly scope for a further three to four pence cut in the price of petrol at the pumps passing on the savings that retailers are seeing as wholesale prices drop as world crude prices plummet.
The cost of filling up at the forecourt has dropped again with three supermarkets cuttings the price of a litre due a fall in oil prices.
The costs of traffic congestion are forecast to rise faster in the UK than in France, Germany and the US, with Londoners particularly badly affected, according to research published on Tuesday.
THINK! is launching a new campaign to warn drivers of the dangers of country roads.
Sainsbury's has sparked a likely supermarket fuel-price war by slashing up to 5p a litre off the cost of its petrol and diesel. The new prices will take effect from tomorrow at all the company's 294 forecourts.
The speed limit for lorries on single carriageway main roads in England and Wales will rise from 40mph to 50mph, it has been announced by the Government.
RAC fuel spokesman Simon Williams said: “The combination of the strengthening pound and the fact that tensions in both Ukraine and Iraq have not caused supply issues means wholesale prices have begun to ease.
RAC technical director David Bizley said: “This is good news all round. Motorists will be very pleased that the schemes to introduce additional capacity on sections of the M1 and M3 are to go ahead shortly.
As issues in Iraq escalate with reports that the oil city of Kirkuk has been seized, this has impacted on oil wholesale costs and the RAC now anticipates a 2ppl rise over the coming weeks.
The Government has announced plans for speeding fines to rise from £2,5000 to £10,000 and for fines for use of mobile phones while driving to increase from £1,000 to £4,000.
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