November 7, 2011
Motorists were warned last night to prepare for four years of soaring costs at the petrol pumps, with the price of a full tank expected to top £100.
After a brief respite, fuel costs will start rising again next year as demand from the fast-growing economies of Asia triggers a boom in oil markets.
This will push the price of a litre of unleaded petrol from an average of 134.8p now to 154p by the end of 2015, according to forecasters at the Ernst & Young ITEM Club.
The cost of filling the 70-litre tank of a Ford Mondeo will spiral from £94.36 to £107.80.