Petrol prices hit a new record high, of 178.5p a litre, on Tuesday – its third peak in six days, while diesel also rose to 185.2p a litre, according to the RAC.
The surging demand for fuel, lower supply from Russia and reduced refining capacity has created a global shortage that is pushing up the cost.
Experts warned prices are likely to continue climbing.
Simon Williams, RAC fuel spokesperson, said: "Drivers need to brace themselves for average fuel prices rocketing to £2 a litre which would mean a fill-up would rise to an unbelievable £110.”
Many freight companies, which have several lorries, have been urging for "radical government intervention," with the fuel duty reduction of 5p merely not considered enough.
Unprecedented fuel prices have hurled the haulage industry into crisis, with the cost of running one lorry for a year up £20,000 on last year, according to Lesley O’Brien, Freight Link Europe director.
O’Brien claimed fuel accounts for a third of her business’ running costs, with an average lorry spending £61,000 on fuel, up from £41,000 in 2021.
"Pretty much everything you buy comes on the back of a truck," O’Brien added, implying that this was a large part of customers paying more.
"We strongly urge the government to take drastic action to help soften the impact for drivers from these never-before-seen pump prices," Williams said, reinforcing O’Brien’s concerns.
Shell, the UK’s former most valuable company, was up 0.7% to 2,410p and has surged 24% since Russia invaded Ukraine on 24 February.
Meanwhile, BP has experienced similar positive momentum, having advanced 0.7% to 433.7p on Tuesday and 22% since the war commenced.