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...]
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...]
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...]
Fuel prices expected to fall before Easter getaway
Motorists might be in for a extra boost this Easter - with the RAC expecting fuel prices to drop. Those planning a getaway after a wet winter and early spring are likely to see pump prices go down significantly. Drivers should see fuel prices fall from a six-month high in the next few weeks due to a significant drop in wholesale costs, analysis of RAC Fuel … [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...]
EV, petrol and diesel prices still too high
Motorists are paying too much to keep driving, say Government watchdogs and the RAC. Petrol and diesel prices are staying high because there are fewer forecourts vying for business, according to the latest report from the Competition and Markets Authority. And EV charge-point operators have not slashed prices despite wholesale generation costs coming … [Read more...]
Rising petrol prices spark more ev interest
Almost all dealers believe that there is a direct link between higher petrol prices and buyers' interest in electric cars. November’s new Startline Used Car Tracker shows that 52% say the correlation is “significant” while 47% believe there is “some” impact. Overall, 60% think consumers are attracted to electric cars by low refuelling costs, 37% say higher … [Read more...]
Newslines 4 October
The average price of petrol and diesel fell by 6.5p in September – the ninth biggest monthly drop seen since 2000, said RAC Fuel Watch. A litre of unleaded averaged 134.79p, down from 141.26p at the start of the month while diesel fell from 146p to 139.5p so drivers are now saving £3.60 every time they fill up an average 55-litre family car and the RAC … [Read more...]
Budget fuel-duty change threatens to fire inflation
Removing the five pence per litre cut in fuel duty could drive inflationary cost pressures, raising prices for businesses and consumers, according to a submission made by business group Logistics UK to the Treasury ahead of the autumn Budget on 30 October. The business group, which is one of the UK’s largest and only trade body representing all logistics, … [Read more...]
Newslines 9 August
The North East is home to Great Britain’s safest roads, with just under 2% of all the country’s collisions in 2022, according to analysis of accident data. The study by Go.Compare Car Insurance said North East had just 6,122 accidents across the year, while Wales and Scotland complete the three safest British regions, both boasting just 4% of all total … [Read more...]
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