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...]
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...]
Peugeot Citroen pay to restart production
French car-maker PSA Peugeot Citroen has had to pay Iran to be allowed operating there again. Although it was forced to pull out four years ago as part of international sanctions, the car maker has now agreed it will pay over 400 million euros ($446 million) in compensation for losses incurred by joint venture partners at the time. Most sanctions were … [Read more...]
Newslines 23 January
Vale of Glamorgan Council is the most negligent in Wales. It has paid out over £1.1M to claimants for injuries and losses including motor claims for damages, a fifth of the total for Welsh councils of £5.4M which includes vehicle damages amounting to £2.37M. Transport Minister Edwina Hart has launched a consultation on extending Blue Badge eligibility … [Read more...]
