LCC Broadcast News Room

According to the AA, London and East Anglia have the highest average price for fuel in the UK, an average of £112.6 per litre, which is a penny above the national average.

Whilst it may not sound like much, that could equal well over a hundred pounds a year for a London commuter. Worse- the price is an average, so many people will be paying well over the odds for that- in fact we could only find one petrol station, in New Cross, with a price LESS than the London average. Well it certainly isn't because crude oil prices are high- at $77 per barrel they are 25% lower than they were in January 2008, and yet fuel is 3-4 pence more expensive.

How does a litre of fuel break down? Petrol Fuel Duty - 48.35p VAT (17.5%) - 14.9p Refinery Petrol Costs - 31.75p Forecourt Costs - 3p Forecourt Profit - 2p Whatprice.co.uk

 
If you're looking to save a bit on your fuel bill, try petrolprices.com, enter your postcode for a breakdown of your local petrol costs, and the cheapest places to fill up.

Click the audio link on the left to hear the full LCC Radio package on fuel prices in London.

No matter how bad petrol prices get, at least refuelling itself is easy, click the video link on the right. It could be worse!

What's the cheapest and most expensive petrol in your area? Do you have any stations to avoid? How much is a tank costing you? Post your comments below. Offensive or inappropriate comments will be removed.