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UK Drivers Hit by One of the Biggest Fuel Price Jumps in Decades
UK drivers were hit by one of the sharpest jumps in fuel prices in more than two decades last month, according to the RAC motoring organization. The average cost of filling a tank climbed by roughly £4 ($5.05) in August, with unleaded petrol rising by almost 7 pence a liter and diesel by 8 pence, the RAC said in a statement. The increase could have been even higher had major retailers not allowed margins to return to more normal levels. Pump prices were driven up by the cost of oil as producer group OPEC and its allies curbed output, the RAC said. That caused the wholesale cost of fuel — the price retailers pay ... (full story)