Drivers will be relieved to know that the fuel price rises of recent weeks appear to be slowing down and should hopefully top out now, said RAC head of policy Simon Williams. Since 6 July the average price of petrol has gone up 11p a litre adding £6 to the cost of a full tank (£89). Diesel has been even harder hit, going up 17p a litre since 9 July which … [Read more...]
Tradelines 22 July
AA Cars data shows the average price of the UK’s 20 most searched-for used electric cars has fallen by 10% in the past year, bringing more models within reach of buyers. The latest Used Car Index found the Nissan Leaf remains the most popular used EV, despite its average price dropping 17.3% to £8,146. Prices also fell sharply for the Jaguar I-Pace, Tesla … [Read more...]
Volatile fuel prices warning
Fuel prices are rising again, and could further escalate as military action resumes in the Hormuz Strait. RAC head of policy Simon Williams said, "Pump prices have started rising again on the back of last week's increase in the cost of oil, meaning the savings drivers have been benefitting from recently could start to disappear. "The average price of … [Read more...]
Tradelines 1 April
Diesel price has soared to over 184.20ppl in a month, says the RAC Fuel Watch service. That’s up nearly 42ppl since the beginning of March while petrol is 153.68ppl, a rise of 21ppl in the month and with the Easter getaway beginning it will make a typical family fill up £100 and £84 respectively. Fleets should tighten security around fuel in response to … [Read more...]
Fuel bills are worrying motorists
Rising fuel bills are motorists major concern. RAC head of policy Simon Williams said: “Drivers tell us the cost of motoring is a major concern, and fuel is a huge contributor to that, so making sure they’re paying a fair price at the pumps is essential. For that reason, we welcome the competition watchdog's scrutiny of what’s happening on forecourts … [Read more...]
Middle East conflict warning for motorists
The escalating conflict in the Middle East has put $100-per-barrel crude oil prices into sharp focus. Analysts from major institutions such as Barclays, Goldman Sachs, and JPMorgan are projecting potential spikes to $100-130 per barrel if the Hormuz Strait faces prolonged disruptions, as it handles about 20-21% of global oil supply and significant LNG … [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...]
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...]
Motorists saw a better fuel deal last year
Fuel prices went up by under a penny in December making for the third rise in as many months but still remain close to late 2019 levels, reveals new data from RAC Fuel Watch. Petrol finished the month averaging 136.9p across the UK, up a third of a pence (0.36p) while diesel rose two-thirds of a pence (0.67p) to 142.9p. Petrol has increased from 135p at the … [Read more...]
Fuel prices slipping back before Christmas
The Christmas getaway is going to be cheaper this year. Despite a slight rise at the pumps in November, drivers are on the road to enjoy the cheapest Christmas at the pumps since the pandemic, according to new data from RAC Fuel Watch. Petrol went up by a penny to 136.5p over the month while diesel rose by nearly 2p (1.8p) to 142.25p, taking the cost of … [Read more...]
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