Amid the worst cost-of-living crisis in four decades drivers are being denied cheaper fuel by the UK’s biggest retailers refusing to lower their forecourt prices to reflect far lower wholesale costs claims the latest RAC Fuel Watch report. In a shocking example of ‘rocket and feather’ pricing RAC Fuel Watch data shows supermarkets are currently enjoying margins of around 15p a litre on both … [Read more...]
Drivers still short-changed on fuel, says RAC
Despite a further 12p (12.31p) coming off the price of the average price of petrol last month – the largest monthly drop on record – pump prices remain a long way off what the RAC believes are fair given current wholesale fuel costs, new RAC Fuel Watch analysis shows. The average price of a litre of unleaded is now under 170p (169.8p) for the first time since May, with the price cuts made by … [Read more...]
Electricity rise new threat to fuel pump prices
The Petrol Retailers Association has warned that electricity rises will affect their costs and possibly lead to further increases in pump prices. It is extremely concerned about rising energy costs and their implication as costs associated with operating a forecourt will triple, Gordon Balmer, Executive Director of the Petrol Retailers Association, who has urged Government action to stem the … [Read more...]
Brits falling out of love with evs
Brits’ appetite for electric vehicles appears to be declining with fewer people saying they expect to own an EV in the next decade, according to a recent CarGurus study. Despite petrol prices reaching record highs and the sale of new petrol and diesel cars banned from 2030, UK motorists’ appetite for EVs has decreased when comparing interest in 2021 versus 2022. Notably, potential … [Read more...]
Newslines 25 July
The eagerly awaited Autolink networking event organised by the Welsh Automotive Forum will be held on 27 September at Cardiff City Stadium, Leckwith. It brings together key suppliers and automotive component makers, potential investors and specialists with a session of presentations, opportunities to discuss ventures and see the latest products created for the industry. Just 10% of a sample of … [Read more...]
Tradelines 6 July
Following the overwhelming success of its award-winning all-electric urban EV, Honda has unveiled a new Honda e Limited Edition, offering unique exterior styling for enhanced stand-out individuality. On sale from £38,120.00 OTR, the Honda e Limited Edition is based on the Advance Grade and is available for the first time in Premium Crystal Red paint with a host of contrasting black accents while … [Read more...]
Newslines 27 June
As wholesale fuel prices are falling the prices have climbed over the weekend. RAC fuel spokesman Simon Williams said, “A litre of unleaded broke records again when it averaged 191.05p on Sunday, taking a fall tank over £105. Diesel also reached another high point on Saturday with an average price of 199.09p, which makes a full 55-litre family car fill-up £109.42. We are struggling to see how … [Read more...]
Fuel price rises accelerating ev move, says Ombudsman.
Rising fuel prices are making more drivers think of soon moving to an electric car, says a survey for The Motor Ombudsman, writes Kim Henson of Wheels-Alive. An online poll by the Ombudsman dedicated to the automotive sector has shown that, with prices at the pumps continuing to increase and reach record highs, nearly half (48%) of UK car owners are concerned about having a pure petrol or … [Read more...]
Motorists’ misery is mounting by the day
Motorists’ misery is mounting by the day, said the RAC. RAC fuel spokesman Simon Williams said, “The average price of petrol went up yet again on Sunday to a new record of 188.7p a litre. “More than five weeks of successive record prices has caused a litre of unleaded to rocket 23p from 165.5p in mid-May. “Diesel also climbed to another all-time high on Saturday with a litre reaching 196.1p. A … [Read more...]
Car sales take another battering in May
New UK car registrations fell -20.6% to 124,394 units in the second weakest May since 1992, after the 2020 pandemic-hit market, as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders. Registrations amounted to 124,394 last month after a boom 12 months earlier when buyers were … [Read more...]