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Gas prices could rise by 60%

18th July 2008 Print
Ann Robinson, Director of Consumer Policy at uSwitch.com, comments on a report that says gas prices could rise by 60%: "The worst has been confirmed. If the predicted level of price hike hits home, it will plunge an extra 2.4 million into fuel poverty, taking the total from 4.5 million to an incredible 6.9 million - a 53% increase. Coupled with the credit crunch and the ongoing battle to make their money go further, consumers should steel themselves for a winter of discontent - the days of cheap energy aren't just over, they now seem to be extinct. I would urge consumers to fix their energy prices now before it's too late."