World petrol prices rise in Oct on record crude

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LONDON, Oct 26 (Reuters) Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit soar to record highs, a Reuters survey on Friday showed.

Drivers are set to spend even more to fill their cars towards the end of this year as the most recent hikes in crude have yet to be passed on to retail gasoline prices, and U.S. and European fuel supply levels have been running low.

The costliest petrol is in Norway, Europe's top oil producer, while Saudi Arabia, the world's biggest oil exporter, was near the bottom in the 35-nation survey.

In the world's top consumer the United States, average retail gasoline prices rose to LONDON, Oct 26 (Reuters) Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit soar to record highs, a Reuters survey on Friday showed.

Drivers are set to spend even more to fill their cars towards the end of this year as the most recent hikes in crude have yet to be passed on to retail gasoline prices, and U.S. and European fuel supply levels have been running low.

The costliest petrol is in Norway, Europe's top oil producer, while Saudi Arabia, the world's biggest oil exporter, was near the bottom in the 35-nation survey.

In the world's top consumer the United States, average retail gasoline prices rose to $2.82 a gallon, the highest since early August, the government said earlier this week.

The price was 27.9 percent higher than a year earlier, Barclays Capital said.

''This leaves it within the same 274 cents and 284 cents range it has stayed in for the past twelve weeks, although it looks likely to break above the top of that range,'' Barclays Capital said in its research note.

Britain came fourth in the European rankings. Drivers in London paid more than elsewhere in Britain.

In Britain, the average petrol price rose 2.5 pence from mid-September to 97.7 pence ($2.00) a litre ($9.09 a gallon) in mid-October.

London's average price was 98.2 pence ($2.01).

''East Anglia and London recorded the highest price for unleaded (gasoline),'' Britain's Automobile Association said.

In dollar terms, Norway's pump price, $2.24 (12.10 Norwegian Crown) per litre. Citizens in OPEC kingpin Saudi Arabia pay just 12 cents a litre.

The average prices in Iran and Venezuela, OPEC's second and fifth largest producers, were 11 cents and 3 cents a litre, respectively. Sharply lower prices in the survey reflect government subsidies.

Most other European countries saw pump prices unchanged or slightly higher than mid-September.

Drivers in the Netherlands paid an average of 1.47 euros ($2.10) per litre, the most expensive gasoline price in the European Union.

REUTERS KR RS1646 .82 a gallon, the highest since early August, the government said earlier this week.

The price was 27.9 percent higher than a year earlier, Barclays Capital said.

''This leaves it within the same 274 cents and 284 cents range it has stayed in for the past twelve weeks, although it looks likely to break above the top of that range,'' Barclays Capital said in its research note.

Britain came fourth in the European rankings. Drivers in London paid more than elsewhere in Britain.

In Britain, the average petrol price rose 2.5 pence from mid-September to 97.7 pence ( LONDON, Oct 26 (Reuters) Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit soar to record highs, a Reuters survey on Friday showed.

Drivers are set to spend even more to fill their cars towards the end of this year as the most recent hikes in crude have yet to be passed on to retail gasoline prices, and U.S. and European fuel supply levels have been running low.

The costliest petrol is in Norway, Europe's top oil producer, while Saudi Arabia, the world's biggest oil exporter, was near the bottom in the 35-nation survey.

In the world's top consumer the United States, average retail gasoline prices rose to $2.82 a gallon, the highest since early August, the government said earlier this week.

The price was 27.9 percent higher than a year earlier, Barclays Capital said.

''This leaves it within the same 274 cents and 284 cents range it has stayed in for the past twelve weeks, although it looks likely to break above the top of that range,'' Barclays Capital said in its research note.

Britain came fourth in the European rankings. Drivers in London paid more than elsewhere in Britain.

In Britain, the average petrol price rose 2.5 pence from mid-September to 97.7 pence ($2.00) a litre ($9.09 a gallon) in mid-October.

London's average price was 98.2 pence ($2.01).

''East Anglia and London recorded the highest price for unleaded (gasoline),'' Britain's Automobile Association said.

In dollar terms, Norway's pump price, $2.24 (12.10 Norwegian Crown) per litre. Citizens in OPEC kingpin Saudi Arabia pay just 12 cents a litre.

The average prices in Iran and Venezuela, OPEC's second and fifth largest producers, were 11 cents and 3 cents a litre, respectively. Sharply lower prices in the survey reflect government subsidies.

Most other European countries saw pump prices unchanged or slightly higher than mid-September.

Drivers in the Netherlands paid an average of 1.47 euros ($2.10) per litre, the most expensive gasoline price in the European Union.

REUTERS KR RS1646 .00) a litre (.09 a gallon) in mid-October.

London's average price was 98.2 pence ( LONDON, Oct 26 (Reuters) Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit soar to record highs, a Reuters survey on Friday showed.

Drivers are set to spend even more to fill their cars towards the end of this year as the most recent hikes in crude have yet to be passed on to retail gasoline prices, and U.S. and European fuel supply levels have been running low.

The costliest petrol is in Norway, Europe's top oil producer, while Saudi Arabia, the world's biggest oil exporter, was near the bottom in the 35-nation survey.

In the world's top consumer the United States, average retail gasoline prices rose to $2.82 a gallon, the highest since early August, the government said earlier this week.

The price was 27.9 percent higher than a year earlier, Barclays Capital said.

''This leaves it within the same 274 cents and 284 cents range it has stayed in for the past twelve weeks, although it looks likely to break above the top of that range,'' Barclays Capital said in its research note.

Britain came fourth in the European rankings. Drivers in London paid more than elsewhere in Britain.

In Britain, the average petrol price rose 2.5 pence from mid-September to 97.7 pence ($2.00) a litre ($9.09 a gallon) in mid-October.

London's average price was 98.2 pence ($2.01).

''East Anglia and London recorded the highest price for unleaded (gasoline),'' Britain's Automobile Association said.

In dollar terms, Norway's pump price, $2.24 (12.10 Norwegian Crown) per litre. Citizens in OPEC kingpin Saudi Arabia pay just 12 cents a litre.

The average prices in Iran and Venezuela, OPEC's second and fifth largest producers, were 11 cents and 3 cents a litre, respectively. Sharply lower prices in the survey reflect government subsidies.

Most other European countries saw pump prices unchanged or slightly higher than mid-September.

Drivers in the Netherlands paid an average of 1.47 euros ($2.10) per litre, the most expensive gasoline price in the European Union.

REUTERS KR RS1646 .01).

''East Anglia and London recorded the highest price for unleaded (gasoline),'' Britain's Automobile Association said.

In dollar terms, Norway's pump price, LONDON, Oct 26 (Reuters) Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit soar to record highs, a Reuters survey on Friday showed.

Drivers are set to spend even more to fill their cars towards the end of this year as the most recent hikes in crude have yet to be passed on to retail gasoline prices, and U.S. and European fuel supply levels have been running low.

The costliest petrol is in Norway, Europe's top oil producer, while Saudi Arabia, the world's biggest oil exporter, was near the bottom in the 35-nation survey.

In the world's top consumer the United States, average retail gasoline prices rose to $2.82 a gallon, the highest since early August, the government said earlier this week.

The price was 27.9 percent higher than a year earlier, Barclays Capital said.

''This leaves it within the same 274 cents and 284 cents range it has stayed in for the past twelve weeks, although it looks likely to break above the top of that range,'' Barclays Capital said in its research note.

Britain came fourth in the European rankings. Drivers in London paid more than elsewhere in Britain.

In Britain, the average petrol price rose 2.5 pence from mid-September to 97.7 pence ($2.00) a litre ($9.09 a gallon) in mid-October.

London's average price was 98.2 pence ($2.01).

''East Anglia and London recorded the highest price for unleaded (gasoline),'' Britain's Automobile Association said.

In dollar terms, Norway's pump price, $2.24 (12.10 Norwegian Crown) per litre. Citizens in OPEC kingpin Saudi Arabia pay just 12 cents a litre.

The average prices in Iran and Venezuela, OPEC's second and fifth largest producers, were 11 cents and 3 cents a litre, respectively. Sharply lower prices in the survey reflect government subsidies.

Most other European countries saw pump prices unchanged or slightly higher than mid-September.

Drivers in the Netherlands paid an average of 1.47 euros ($2.10) per litre, the most expensive gasoline price in the European Union.

REUTERS KR RS1646 .24 (12.10 Norwegian Crown) per litre. Citizens in OPEC kingpin Saudi Arabia pay just 12 cents a litre.

The average prices in Iran and Venezuela, OPEC's second and fifth largest producers, were 11 cents and 3 cents a litre, respectively. Sharply lower prices in the survey reflect government subsidies.

Most other European countries saw pump prices unchanged or slightly higher than mid-September.

Drivers in the Netherlands paid an average of 1.47 euros ( LONDON, Oct 26 (Reuters) Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit soar to record highs, a Reuters survey on Friday showed.

Drivers are set to spend even more to fill their cars towards the end of this year as the most recent hikes in crude have yet to be passed on to retail gasoline prices, and U.S. and European fuel supply levels have been running low.

The costliest petrol is in Norway, Europe's top oil producer, while Saudi Arabia, the world's biggest oil exporter, was near the bottom in the 35-nation survey.

In the world's top consumer the United States, average retail gasoline prices rose to $2.82 a gallon, the highest since early August, the government said earlier this week.

The price was 27.9 percent higher than a year earlier, Barclays Capital said.

''This leaves it within the same 274 cents and 284 cents range it has stayed in for the past twelve weeks, although it looks likely to break above the top of that range,'' Barclays Capital said in its research note.

Britain came fourth in the European rankings. Drivers in London paid more than elsewhere in Britain.

In Britain, the average petrol price rose 2.5 pence from mid-September to 97.7 pence ($2.00) a litre ($9.09 a gallon) in mid-October.

London's average price was 98.2 pence ($2.01).

''East Anglia and London recorded the highest price for unleaded (gasoline),'' Britain's Automobile Association said.

In dollar terms, Norway's pump price, $2.24 (12.10 Norwegian Crown) per litre. Citizens in OPEC kingpin Saudi Arabia pay just 12 cents a litre.

The average prices in Iran and Venezuela, OPEC's second and fifth largest producers, were 11 cents and 3 cents a litre, respectively. Sharply lower prices in the survey reflect government subsidies.

Most other European countries saw pump prices unchanged or slightly higher than mid-September.

Drivers in the Netherlands paid an average of 1.47 euros ($2.10) per litre, the most expensive gasoline price in the European Union.

REUTERS KR RS1646 .10) per litre, the most expensive gasoline price in the European Union.

REUTERS KR RS1646

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