{"id":66807,"date":"2023-09-19T11:20:14","date_gmt":"2023-09-19T11:20:14","guid":{"rendered":"https:\/\/talkcelnews.com\/?p=66807"},"modified":"2023-09-19T11:20:14","modified_gmt":"2023-09-19T11:20:14","slug":"pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun","status":"publish","type":"post","link":"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/","title":{"rendered":"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun"},"content":{"rendered":"<p>DRIVERS could face more punishment at the pump as oil prices are forecast to shoot back up above $100 a barrel.<\/p>\n<p>Both Russia and Saudi Arabia have been blamed for sending prices soaring by cutting their production.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/close-color-image-depicting-mans-777479653.jpg\"><\/p>\n<p>Earlier this month, the two oil-producing nations said they would reduce output by 1.3million barrels a day until the end of this year, which could leave the market vulnerable to further price hikes.<\/p>\n<p>Brent crude prices \u2014 a benchmark for the state of oil trading \u2014 have been creeping higher for the past three weeks.<\/p>\n<p>After rising by 30 per cent since June, prices are now at their peak since last November.<\/p>\n<p>Oil prices came close to $95 a barrel yesterday, while analysts at CITI have warned they are on track to reach $100 a barrel this month.<\/p>\n<h2><span>READ MORE ON FUEL PRICES<\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/newspress-collage-23987807-1694893696281.jpg\"><\/p>\n<h3>Petrol prices revealed as drivers can save \u00a325 by travelling a few miles<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/05\/2ggj1bn-e10-petrol-pump-petrol-816911969.jpg\"><\/p>\n<h3>Little-known tool to find the cheapest petrol prices including supermarkets<\/h3>\n<p>Higher wholesale oil prices are already having a knock-on effect on petrol and diesel.<\/p>\n<p>AA spokesman Luke Bosdet said: \u201cDrivers have been lashed by a 10p-a-litre rise in the cost of petrol since the beginning of August\u201d.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/p43petrolpricechartv3.jpg\"><\/p>\n<p>The RAC cautioned that diesel, often used in vans, could jump from its current average of 159p a litre to over 170p, if oil hits $100.<\/p>\n<p>The motor insurer has argued petrol retailers are already ripping off drivers by profiteering.<\/p>\n<h2>Most read in Business<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/b278a90b-4c4b-4e84-b10b-7d81d2982fd8.jpg\"><\/picture><span>LAST ORDERS<\/span><\/p>\n<h3>Full list of major chains closing branches as 383 pubs disappear for good<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/branch-discount-retail-homeware-store-844188317.jpg\"><\/picture><span>BOOM IN BUSTINGS <\/span><\/p>\n<h3>Number of companies going bust jumped by almost a fifth last month<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/lidls-logos-seen-truck-exterior-844939578.jpg\"><\/picture><span>BASKET CASE <\/span><\/p>\n<h3>Lidl records shock \u00a375.9million loss despite sales jumping by 18.8 per cent<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/newspress-collage-23946145-1694639363877.jpg\"><\/picture><span>TAKES THE CAKE <\/span><\/p>\n<h3>Patisserie Valerie\u2019s ex-finance chief and wife charged over chain\u2019s collapse<\/h3>\n<p><\/span><\/p>\n<p>An RAC spokesperson said: \u201cIf oil were to hit $100, it should really only take the average price of 155.5p up by another 2p.<\/p>\n<p>\u201cBut if retailers are intent on making more money with increased margins, this could be closer to 160p a litre\u201d.<\/p>\n<p>The Business Select Committee has been leading an investigation into petrol retailers\u2019 alleged profiteering.<\/p>\n<h2>I&#x27;m Mary Burberry<\/h2>\n<p>BURBERRY has continued its push to ramp up its \u201cBritishness\u201d by calling on baking legend Mary Berry to boost the brand.<\/p>\n<p>The queen of baking was pictured enjoying a cuppa at the brand\u2019s pop-up North London greasy spoon \u2014 Norman\u2019s Cafe. The site has been serving up fry-ups and bacon butties \u2014 not normally the food that is feasted upon by the fashion crowd.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/burberry-mary-berry-845965867.jpg\"><\/p>\n<p>The fashion brand also renamed London Underground station Bond Street \u201cBurberry Street\u201d as part of its marketing campaign. While celebrities flocked to its fashion show, investors were more circumspect with shares in Burberry dropping by 23.51, or 1.09 per cent to \u00a321.34.<\/p>\n<p>The brand continues to be regarded as a takeover target for bigger fashion houses.<\/p>\n<h3>PENDRAGON IN \u00a3250M SELL-OFF<\/h3>\n<p>PENDRAGON is selling all of its car showrooms for \u00a3250million to US rival firm LITHIA.<\/p>\n<p>It ends a year of takeover twists and turns at the company. Its shares jumped by 28.2 per cent yesterday to 23.70.<\/p>\n<p>Lithia, which already has 50 UK sites, tried to buy Pendragon last year but was blocked by major shareholder, the Swedish Hedin Group.<\/p>\n<p>Hedin then tried its own \u00a3400m takeover of Pendragon but abandoned the deal last year.<\/p>\n<p>Pendragon said it will now focus on its Pinewood software business, which counts 30,000 car dealer customers.<\/p>\n<h2>Cluckin&#x27; massive profits<\/h2>\n<p>WINGSTOP, the US chicken wing brand, has taken \u00a340million in sales since launching in the UK five years ago.<\/p>\n<p>The UK master franchise, Lemon Pepper Holdings, now has 36 sites and 1,300 employees in the UK.<\/p>\n<p>Tom Grogan, one of the entrepreneurs behind the brand, said four more openings were planned by the end of this year as it looks to rake in \u00a360million in sales next year.<\/p>\n<p>The business built a loyal following of young customers after partnering with Gymshark, TikTok, JD Sports and Pretty Little Things. WingStop, listed in the US, has around 2,000 sites globally.<\/p>\n<p>\u201cCommunity engagement on a cultural level, such as partnering with local music artists and sports teams has been important for generating hype, interest, and positive word-of-mouth around new launches,\u201d Grogan said. The brand now has more followers in the UK on TikTok than rival chains KFC and Five Guys combined.<\/p>\n<h3>SIZING UP NUKE BIDS<\/h3>\n<p>THE government is searching for private equity investment in Sizewell C nuclear power plant.<\/p>\n<p>\u00a0It will take a decade to build and could power six million homes for 60 years. Between \u00a320billion and \u00a330billion is required for its construction, according to experts.<\/p>\n<p>Claire Coutinho, Secretary of State for Energy Security and Net Zero, said: \u201cWe are focused on securing good value for taxpayers.\u201d Potential investors will have to take part in strict national security checks.<\/p>\n<h2>Sorry Sorrell<\/h2>\n<p>SIR Martin Sorrell\u2019s S4 Capital has slashed 450 jobs and warned there will be more redundancies after another profit warning.<\/p>\n<p>The advertising tycoon said clients were cutting back on advertising because of \u201cfears of a recession\u201d. Sir Martin, 78, founded S4 Capital in 2018 after a bitter exit from WPP, which he founded in 1985.<\/p>\n<p>\u00a0Shares in S4 Capital tumbled by a quarter yesterday, valuing the business at \u00a3418million.<\/p>\n<p>In contrast, WPP is valued at \u00a38billion.<\/p>\n<p>THE packaging giant Mondi is finally quitting Russia by selling its remaining paper mill for \u00a3666million to a Moscow-based property group. Mondi said that it will leave Russia by the end of the year. Shares rose 5 per cent.<\/p>\n<h2>New rent hike<\/h2>\n<p>THE average rent in the UK has crossed \u00a31,300 a month for the first time, piling further pressure on tenants in the cost of living crisis.<\/p>\n<h2><span>READ MORE SUN STORIES<\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/newspress-collage-24011459-1695065134571.jpg\"><\/p>\n<h3>Holly Willoughby pays emotional tribute to This Morning doc after her sudden death<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/09\/as-fab-fake-babies-dolls.jpg\"><\/p>\n<h3>I spent \u00a32k on my 13 &#8216;fake&#8217; babies, my dad says it&#8217;s bizarre&#8230; who cares<\/h3>\n<p>According to figures by Hamptons, the 12 per cent hike in the past year comes as a property shortage drives rents up, with landlords passing on higher mortgage costs to tenants.<\/p>\n<p>A home costs \u00a3436 more per month than it did in 2013. In Scotland rents rose by 13.4 per cent to \u00a3935, compared to \u00a32,332 in greater London, a \u00a3340 rise in the past year.<\/p>\n<h3>SHARES<\/h3>\n<p><strong>BARCLAYS <\/strong>down 2.66 to 158.80p<\/p>\n<p><strong>BP <\/strong>down 4.00 to 519.20p<\/p>\n<p><strong>CENTRICA <\/strong>up 0.30 to 170.00p<\/p>\n<p><strong>HSBC <\/strong>down 6.30 to 623.00p<\/p>\n<p><strong>LLOYDS <\/strong>down 1.05 to 42.16p<\/p>\n<p><strong>M&amp;S<\/strong> up 2.80 to 222.50p<\/p>\n<p><strong>NATWEST <\/strong>down 4.60 to 232.00p<\/p>\n<p><strong>ROYAL MAIL<\/strong> up 5.00 to 262.30p<\/p>\n<p><strong>SAINSBURY\u2019S<\/strong> down 3.40 to 276.20p<\/p>\n<p><strong>SHELL <\/strong>up 11 to 25.91p<\/p>\n<p><strong>TESCO <\/strong>up 0.80 to 271.50p<\/p>\n<p>Source: <a href=\"https:\/\/www.thesun.co.uk\/money\/24012914\/oil-prices-forecast-above-100-a-barrel\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DRIVERS could face more punishment at the pump as oil prices are forecast to shoot back up above $100 a<\/p>\n","protected":false},"author":2,"featured_media":66806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun - talkcelnews.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun - talkcelnews.com\" \/>\n<meta property=\"og:description\" content=\"DRIVERS could face more punishment at the pump as oil prices are forecast to shoot back up above $100 a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/\" \/>\n<meta property=\"og:site_name\" content=\"talkcelnews.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-19T11:20:14+00:00\" \/>\n<meta name=\"author\" content=\"Louise\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/talkcelnews.com\/wp-content\/uploads\/2023\/09\/Pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-The-Sun.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Louise\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/\",\"url\":\"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/\",\"name\":\"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun - talkcelnews.com\",\"isPartOf\":{\"@id\":\"https:\/\/talkcelnews.com\/#website\"},\"datePublished\":\"2023-09-19T11:20:14+00:00\",\"dateModified\":\"2023-09-19T11:20:14+00:00\",\"author\":{\"@id\":\"https:\/\/talkcelnews.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609\"},\"breadcrumb\":{\"@id\":\"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/talkcelnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lifestyle\",\"item\":\"https:\/\/talkcelnews.com\/category\/lifestyle\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/talkcelnews.com\/#website\",\"url\":\"https:\/\/talkcelnews.com\/\",\"name\":\"talkcelnews.com\",\"description\":\"talkcelnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/talkcelnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/talkcelnews.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609\",\"name\":\"Louise\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/talkcelnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g\",\"caption\":\"Louise\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun - talkcelnews.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/","og_locale":"en_US","og_type":"article","og_title":"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun - talkcelnews.com","og_description":"DRIVERS could face more punishment at the pump as oil prices are forecast to shoot back up above $100 a","og_url":"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/","og_site_name":"talkcelnews.com","article_published_time":"2023-09-19T11:20:14+00:00","author":"Louise","twitter_card":"summary_large_image","twitter_image":"https:\/\/talkcelnews.com\/wp-content\/uploads\/2023\/09\/Pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-The-Sun.jpg","twitter_misc":{"Written by":"Louise","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/","url":"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/","name":"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun - talkcelnews.com","isPartOf":{"@id":"https:\/\/talkcelnews.com\/#website"},"datePublished":"2023-09-19T11:20:14+00:00","dateModified":"2023-09-19T11:20:14+00:00","author":{"@id":"https:\/\/talkcelnews.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609"},"breadcrumb":{"@id":"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/talkcelnews.com\/lifestyle\/pain-for-drivers-at-the-pump-as-oil-prices-are-forecast-to-shoot-back-up-above-100-a-barrel-the-sun\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/talkcelnews.com\/"},{"@type":"ListItem","position":2,"name":"Lifestyle","item":"https:\/\/talkcelnews.com\/category\/lifestyle\/"},{"@type":"ListItem","position":3,"name":"Pain for drivers at the pump as oil prices are forecast to shoot back up above $100 a barrel | The Sun"}]},{"@type":"WebSite","@id":"https:\/\/talkcelnews.com\/#website","url":"https:\/\/talkcelnews.com\/","name":"talkcelnews.com","description":"talkcelnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/talkcelnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/talkcelnews.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609","name":"Louise","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/talkcelnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g","caption":"Louise"}}]}},"_links":{"self":[{"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/posts\/66807"}],"collection":[{"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/comments?post=66807"}],"version-history":[{"count":0,"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/posts\/66807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/media\/66806"}],"wp:attachment":[{"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/media?parent=66807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/categories?post=66807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/talkcelnews.com\/wp-json\/wp\/v2\/tags?post=66807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}