While the bulk of the price is made up of tax, the AA reckons average pump prices should be about £1.
"Instead, the average pump price is higher because retailers say they need to charge 10p a litre more to offset the lower volumes of fuel they are selling," said the AA's fuel spokesperson Luke Bosdet.
Now I was always under the impression that when sales were down - the price followed suit.
At the oil fields, oil is almost being given away free because of lack of storage facilities.