Amidst the chaos of Middle East conflict, Merseyside residents are scrambling to find the best petrol deals. But here's the catch: prices are soaring due to the recent attacks on Iran by the US and Israel, causing a 13% surge in oil costs on March 2nd. This has sparked panic-buying, with queues forming at Costco as oil prices jumped from $70 to $78 per barrel over the weekend.
The Strait of Hormuz, a vital shipping route between Iran and Oman, has been disrupted by Iranian counter-attacks, impacting 20% of the world's oil and gas supply. This turmoil is expected to affect UK households through rising fuel prices, inflation, and interest rates. However, Merseyside has a silver lining—supermarket garages are currently offering the cheapest petrol rates, providing some relief to anxious drivers.
According to the RAC, it typically takes two weeks for crude oil price hikes to affect fuel pumps. As of now, the average petrol price in Liverpool is 133.5p/litre. Here's a list of the most affordable petrol stations in Merseyside, as per the Roadtrip App:
- Asda, Ormskirk Road, Aintree: 126.7p
- Tesco, Hawthorn Road, Litherland: 126.9p
- Tesco, Mather Avenue, Mossley Hill: 126.9p
- Asda, Orrell Lane, Bootle: 126.9p
- Sainsbury's, Rice Lane, Walton: 126.9p
- Sainsbury's, Great Homer Street, Everton: 126.9p
- Asda, Utting Avenue: 126.9p
- Asda, Breck Road, Anfield: 126.9p
- Asda, Welton Road, Croft Retail Park, Bromborough: 126.9p
- Sainsbury's, Kings Road, Birkenhead: 126.9p
And this is where it gets interesting: while global events impact fuel prices, local supermarkets are offering a sanctuary of stability. But for how long? Stay tuned as we navigate the ever-changing landscape of petrol prices, and feel free to share your thoughts on this volatile situation.
