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The price of petrol and diesel at UK filing stations fell for the third month in a row in January, according to the RAC.
However, the motoring organisation warned that the price of petrol may have bottomed out, having increased again from a low during the month.
It said that having reached a 3.5p price fall during January, the average cost of a litre of petrol ended the month 3p down on December, at 148,89p.
The price of diesel fell by 4p during the month, to 170.37p.
RAC spokesman Simon Williams said: "Although January saw fuel prices fall for the third month in a row, there is now more cause for concern than celebration as petrol has already begun to creep back up very slightly.
"Monthly reductions of 3p for petrol and 4p for diesel were welcome but sadly the first month of the year saw the wholesale price of petrol rise by 2p and diesel by 3p.
"Despite this, while unleaded has been overpriced for months due to the biggest retailers refusing to lower their prices in line with the lower wholesale price, diesel is still too expensive even after factoring in the slight wholesale uptick.
"As always drivers' fate at the pumps very much depends on what happens with the price of oil. But with the barrel now trading consistently well above $80 and analysts predicting a rise to $90 due increased demand from a re-opened China following the end of its zero-Covid policy, there is a very real risk that we could see petrol prices go back up to an average of 155p all too quickly.
"Eyes will also be on the Chancellor next month when he delivers his Spring Budget, so we hope he refrains from pouring fuel on the inflationary fire by hiking duty."
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