On Wednesday the average cost of filling a typical family car is set to exceed £100 for the first time which will cripple motorists.
On Wednesday data firm Experian Catalist said the cost of a litre of petrol cost an average of 180.7p which was an increase of 2.2p compared to Tuesday, which was the largest daily hike for 17-years.
RAC fuel spokesman Simon Williams said, “A full tank of unleaded has now shot up to £99.40, moving us ever closer to the milestone £100 petrol fill-up – an unfortunate landmark we may reach as soon as today.
“Asda hiked its average petrol price nearly 5p a litre in a single day, which is unheard of.
“These are unprecedented times in terms of the accelerating cost of forecourt fuel.”
He added that “we are still some way from the peak” as this will take several days for an unexpected fall in wholesale costs.