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Pound’s Slide Makes UK’s Petrol Crunch Even More Acute

A customer refuels a vehicle at a petrol station near Chelmsford, UK.

A customer refuels a vehicle at a petrol station near Chelmsford, UK.

Photographer: Chris Ratcliffe/Bloomberg

A part of the UK’s soaring petrol and diesel prices is down to the nation’s slumping currency. 

Record pump prices are closing in on £2 a liter (more than $8.50 per US gallon) and have even jumped above that at motorway service stations, according to the RAC motoring organization.