Petrol prices have hit record highs as the cost of living surges.
Over the weekend the average price of petrol reached 148.02p a litre on average across the UK.
The AA said marks a new all time high, beating a rate of 147.72p on November 20, reports the Mirror.
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Diesel has also risen to 151.57p a litre and on Thursday, February 10 it passed the previous record set on November 20 of 151.10p.
Luke Bosdet, the AA’s fuel price spokesman said: "The cost of living crisis has been ratcheted up yet another notch, tightening the vice on family spending when it faces other pressures from impending domestic energy cost and tax increases."
A poll by the motoring association found 43% of households are cutting back on car use, other consumer spending or both, half of whom are lower earners, in the wake of the cost of living crisis.
Among drivers aged 18 to 34, 28% are cutting back on other consumer spending to compensate for rising petrol prices.
Across the 8,361 respondents of working age, 10% were cutting back on weekly shopping, rising to 17% among the 25-34 year olds.
The surge, comes just a week after oil giant BP posted its highest annual profit in eight years.
The group revealed it swung to a mammoth £9.5bn underlying replacement cost profit - its preferred measure - for 2021 from losses of £4.2bn the previous year.
It notched up £3.01bn of profits in the final three months alone, which was better than expected and up from just £85.1 million a year earlier.
BP also announced more cash returns for shareholders, with another £1.1bn of share buybacks before its first-quarter 2022 results and a dividend payout of 5.46 cents (3.37p) a share for the fourth quarter.
The results suggest oil firms are reaping mammoth profit hauls while households and businesses are struggling due to soaring inflation.
Labour MPs argue that while households are paying through their teeth for gas - energy bills are set to spike more than 50% in April - the companies which extract that gas are reporting massive profits.
Supporters of a windfall tax on energy giants believe some of this money should be reclaimed to help struggling households cope with the rise.
Shell was in the firing line last week as it reported a hefty spike in profits on the same day as Ofgem announced a near £700 rise in the energy price cap.
Alongside its results, BP also announced plans to boost its spending on low-carbon and renewable energy.
Chief executive Bernard Looney said: "2021 shows BP doing what we said we would - performing while transforming.
"We've strengthened the balance sheet and grown returns, we're delivering distributions to shareholders with 4.15bn US dollars of buybacks announced and the dividend increased, and we're investing for the future."
Liberal Democrat Leader Ed Davey said the real terms gap between corporations and real people needs to be adequately addressed.
"The truth is that this is about basic fairness. It simply cannot be right these energy companies are making super profits whilst people are too scared to turn their radiators on and terrified there will be a cold snap.
The government has said that a windfall tax would harm investment but this is an absolutely bogus argument. These profits have come out of nowhere, no energy company was expecting them, no investor was either.
"A windfall tax is the best way to get money to the people who need it quickly, but also to make sure there is some sense of trust and proportionality in the system."
Below is a list of the 10 cheapest places for petrol per litre in Merseyside, according to PetrolPrices.co.uk:
Costco Liverpool, Waterloo Road - 136.9p
Asda Walton, Utting Avenue - 140.7p
Sainsbury's Walton, Rice Lane - 140.9p
Esso Maghull, Northway - 140.9p
Asda Bootle, Orrell Lane - 141.7p
Tesco Litherland, Hawthorne Road - 141.9p
Asda Everton, Breck Road - 142.7p
Applegreen city centre, Great Howard Street - 142.8p
Sainsbury's city centre, Great Howard Street - 142.9p
Esso Bootle, Brewster Street - 143.0p
