Drivers are being advised to fill their petrol and diesel tanks tomorrow as fuel prices tend to drop midweek. William Fletcher, MBE, CEO of Car.co.uk, highlights that Wednesday often sees the lowest pump prices, offering motorists a chance to save on fuel.
“Fuel retailers usually adjust prices midweek in response to wholesale costs and competitor pricing,” Fletcher explained. “By Wednesday, prices generally hit their lowest point before rising again toward the weekend.”
Fletcher emphasizes the financial benefit of choosing the right day to refuel: “Even saving 2p per litre can add up. For example, filling a 50-litre tank weekly at 2p less per litre could save you about £52 annually—enough for several extra fill-ups.”
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Regional differences do exist, Fletcher notes: “Fuel price patterns vary by area depending on local competition and supply chains. Tracking prices over a few weeks at your favorite stations can reveal if Tuesday or Thursday might offer better deals in your location.”
These fuel price fluctuations arrive amid heightened tensions in the Middle East, following recent US-Israeli strikes on Iran. Brent crude prices surged as much as 13%, reaching $82 a barrel—a 14-month high—due to disruptions in the Strait of Hormuz, a critical global shipping route.
The International Maritime Organization (IMO) has urged heightened caution for vessels navigating the strait after reports of injuries to seafarers in recent attacks. IMO Secretary-General Arsenio Dominguez warned shipping companies to avoid the area where possible until conditions stabilize, emphasizing the severity of the situation.
As geopolitical tensions impact global oil markets, motorists are advised to take advantage of the midweek price dip to mitigate the impact on their fuel budgets.