• Fuel prices set to soar
    • 20/09/2023
    • Posted by: Alan Feldberg
    • Category: News
    Fuel prices could be about to spike after global oil prices rose to their highest levels of the year. This follows production cuts of crude oil by both Russia and Saudi Arabia. But while retailers are expected to raise prices in response, the RAC believes they should be lowering them instead. RAC fuel [...]
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  • Fuel prices kept artificially high
    • 06/09/2022
    • Posted by: Alan Feldberg
    • Category: News
    Fuel prices fell by an average of 12p in August, the largest monthly drop on record, but are still a long way from reflecting the current wholesale fuel cots. According to the RAC Fuel Watch, the average price of a litre of unleaded is now under 170p (169.8p) for the first time since May. However, with the average [...]
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  • Fuel costs pricing drivers off the road
    • 03/05/2022
    • Posted by: Alan Feldberg
    • Category: News
    More than a third of households are thinking twice about staycations this year as a result of surging fuel costs. This is according to Auto Trader research, which surveyed 2,400 users of its online marketplace found that 38% were less likely to choose a UK holiday this year - with almost nine in 10 respondents, [...]
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  • March sees record fuel prices
    • 11/04/2022
    • Posted by: Alan Feldberg
    • Category: News
    Pump prices rose more in March than in any previous month on record, according to the RAC Fuel Watch. This is despite the 5p fuel duty cut announced in the Spring Statement. The average cost of a litre of unleaded petrol went up by a huge 11.62p to end the month at 163.28p per litre – the largest ever increase [...]
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  • Fuel duty cut in Spring Statement
    • 23/03/2022
    • Posted by: Alan Feldberg
    • Category: News
    The government has announced a 5p per litre cut in fuel duty. Speaking in his Spring Statement, Chancellor Rishi Sunak said the cut was being introduced to mitigate the rising cost of living. Describing it as, “the biggest cut to all fuel duty rates ever,” he said the cut would imposed from 6pm this evening [...]
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  • Petrol prices drive up EV interest
    • 11/03/2022
    • Posted by: Alan Feldberg
    • Category: News
    Auto Trader has reported that rising prices on the forecourt have invigorated interest in electric vehicles. It found that the proportion of electric cars viewed on its marketplace had dropped from a high of 26% in late September 2021 to just 16% in February. But since prices at the pumps started to rocket, so has [...]
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  • UK drivers overcharged £5m a day
    • 07/01/2022
    • Posted by: Alan Feldberg
    • Category: News
    The RAC has accused petrol retailers in the UK of not passing on a decrease in wholesales prices. The price of unleaded petrol fell 2p across UK forecourts during December, but the RAC says it should have been 12p. It says retailers’ failure to reduce prices in line with wholesale costs saw them make a 16p a [...]
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  • Petrol prices on brink of new high
    • 25/10/2021
    • Posted by: Alan Feldberg
    • Category: News
    Petrol prices are expected to reach a new record high this week, but The AA believes retailers are artificially inflating prices. Petrol prices reached 143p per litre this weekend, with diesel prices up to 146p. However, the AA has accused retailers of passing the increases in the wholesale cost of diesel onto [...]
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