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Petrol prices are soaring to a new high, approaching £5 a gallon for the first time. The cost of oil surged through the 100 dollars-a-barrel mark for the first time last night, meaning that more misery is on the way for motorists.
Each visit to the petrol station to fill up now costs an average of £7.36 more than it did this time last year, according to the AA.
And there is little prospect of prices falling again, leading to a threat of inflation and the destabilisation of the British economy.