Petrol prices have fallen by 5p a litre across the UK, with further cuts possible, the AA says.
The motoring organisation said the average pump price had dropped from 174.7p a litre on October 5 to 169.7p in its latest statement, which was not dated.
It said the October peak was the highest since August 2022.
A 5p-per-litre reduction takes £2.75 off the cost of filling a typical 55-litre tank, according to the AA.
The organisation said falling wholesale costs indicated that another 10p reduction should be on the way, although a further cut is not guaranteed.
It said the wholesale cost of unleaded had fallen from 77p a litre on October 13 to 68p by the end of that month and had since dropped below 62p.
In a separate measure, the Fuel Finder UK price index showed petrol down 5.6p a litre over 30 days when checked on November 9.
Its current average uses accepted prices from the past 14 days, with changes comparing the same stations at both endpoints.
The AA said some communities were already seeing petrol below 160p a litre, based on the government's Fuel Finder listings.
Diesel prices had fallen more slowly, down 2p a litre from 199.9p on October 6 to 197.9p, the AA said.
It said diesel's wholesale cost had fallen by around 4p a litre since mid-October, offering the possibility of a smaller further reduction at the pump.
Luke Bosdet, the AA's spokesman on pump prices, said: “The chances of finding somewhere with petrol below 160p a litre are incredibly hit and miss but, clearly, there are forecourts able to slash their fuel prices and put the rest to shame.
“Most are in rural communities with much lower customer potential, although Bishop Auckland shows what happens when fuel stations get competitive with each other.
“Even the supermarkets are forced to lower their prices.”
Mr Bosdet said: “London and the South East stand out for not showing any fuel stations with the bargain petrol prices of northern England, Wales and even Scotland.
“Some forecourts are still charging close to the peak prices of early October and, given how much wholesale costs have fallen since the middle of last month, that is unforgiveable.”
Share