Are we there yet? Petrol prices hit new highs.

According to BBC News online petrol prices have reached new all  time highs with a litre of unleaded now averaging nearly £1.22 and diesel at nearly £1.26.

Fresh increases are expected in January 2011 when higher VAT rates kick in.

Oh, and don’t forget gas and electricity price increases of between 7% and 10% have been announced by British Gas and Scottish & Southern.

Added together this makes renewable energy look cheaper every day.