Petrol prices are set to soar past 110p a litre - £5 a gallon - in the run-up to Christmas.
It will be the highest since September 2008 and a rise of 26 per cent since the start of this year.
Motorists will suffer further misery in the New Year when the Government imposes a planned 2.5 per cent increase in VAT.
Experts blame the continuing rise in forecourt prices on speculators, who are stockpiling massive amounts of oil. :eek: :eek:
It will be the highest since September 2008 and a rise of 26 per cent since the start of this year.
Motorists will suffer further misery in the New Year when the Government imposes a planned 2.5 per cent increase in VAT.
Experts blame the continuing rise in forecourt prices on speculators, who are stockpiling massive amounts of oil. :eek: :eek:
