And the cost of filling up at the pumps could rise by 3% by this August Bank Holiday weekend.
The warning to motorists came from the Retail Motor Industry Independent Petrol Retailers Association (RMI Petrol). It put the blame for the expected rises on currency movements and world oil price increases.
RMI Petrol, which represents around two-thirds of Britain's 9,000 petrol forecourt sites, said petrol prices could rise as high as 125.9p per litre in the new year, smashing the current record high of 121.61p.