Average pump prices fell by less than a penny in August ending two months of rises, says RAC Fuel Watch. The average cost of a litre of unleaded petrol dropped by just 0.39p in the month, from 135.03p at the start to 134.64p on 31 August, with diesel down by 0.72p, from 142.92p to 142.2p at the end of the month. Supermarket price reductions were similarly … [Read more...]
Petrol & diesel preferred by existing owners
Current owners of petrol or diesel cars plan on sticking with the internal combustion engine for the next nine years on average, they told researchers. When almost 1,300 British motorists who currently drive a petrol or diesel car were questioned by SUSTAIN, six in 10, (59%) planned to keep an internal combustion engine car going as long as possible. On … [Read more...]
PHEVs are stepping stones to full EVs, say dealers
Nearly seven out of 10 dealers (68%) say PHEVs are becoming a stepping stone to an electric vehicle (EV) for car buyers worried about going fully electric. Startline’s July Used Car Tracker shows, as a result, 60% expect values for PHEVs to rise and 48% expect demand to similarly increase. However, many expect this trend to be transitory, with only 37% … [Read more...]
Fuel remains overpriced, says RAC and CMA
Fuel prices are staying higher than they should be say observers. RAC head of policy Simon Williams said, “Drivers will be concerned to hear that retailer margins on fuel are still above where they have been historically and that competition remains weak. "Given fuel is a major expense for households, and with eight-in-10 drivers dependent on their cars, … [Read more...]
13 years to end of the road for filling stations?
UK petrol and diesel stations are facing extinction by 2038, according to national EV charging network Be.EV. Data it has brought together shows that the typical forecourt has been in terminal decline with numbers decreasing from roughly 40,000 in 1967 to 8,353 in 2023, which is a decrease of 75%. The decline is expected to continue as major fuel retailers … [Read more...]
Fuel hits four-year-low but should be cheaper says RAC
Another 2p came off petrol in May making for three consecutive months of falling prices and the lowest average pump price in almost four years, data from RAC Fuel Watch reveals. Drivers are now paying the lowest price for petrol since early July 2021 while diesel – which also came down by 2p – has gone below 139p for the first time since 28 September … [Read more...]
RAC predicting big pump price cuts
The RAC is predicting a steep fall in fuel prices. RAC head of policy Simon Williams said: “With oil tumbling to its lowest price for four years, drivers ought to see cuts of up to 6p a litre at the pumps ahead of the notoriously busy Easter weekend on the roads. "As long as the barrel carries on trading around or below the $65 mark, retailers will be … [Read more...]
Easter getaway begins with lower fuel prices
Fuel prices are falling as the Easter Getaway begins in England and schools shut for two weeks. Petrol and diesel prices fell for the first time in six months in March, bringing relief to drivers as millions look forward to taking to the roads for a break over Easter, new RAC Fuel Watch data shows. At the end of March, the average price of a litre of … [Read more...]
Cost is keeping fuel levels low, says Uswitch
Driving with low fuel can impact a car's health as well as increase the chance of breaking down, so why do some drivers take the risk? Uswitch car insurance recently conducted research to explore UK drivers' refuelling habits, examining how long they wait to fill up, what prevents some from filling up their full tank, and their awareness of the … [Read more...]
Statement gives some motorists relief
Motorists can get some relief from today's Spring Statement by the Chancellor. John Cassidy, Director of Sales at Close Brothers Motor Finance said, “The Chancellor reconfirming her pledge to extend the freeze of fuel duty, as well as the temporary five pence cut, until March 2026, will offer a glimmer of relief to motorists concerned about the soaring cost … [Read more...]
