Rising Fuel Costs Means Tighter Spending
The cost of fuel is ever increasing with an average cost at the pumps of £1.34 per litre of fuel. £1.54 per litre will be the average within the nest four years.
Fuel prices have frozen over recent months but with a worsening economy with little spending but still a high demand on Oil from booming Asian markets. Prices are anticipated to rise.
UK car owners with a 70 litre tank can expect to pay over £100 just to fuel up. This has further impact to unemployment figures, job cuts and pay cuts means UK households are being squeezed.
UK could be heading for a double dip recession and increasing fuel costs will not help any home owner. Average pay rises have been slowed down way below inflation.
The cost of producing food is increasing as our climates are ever changing. Importing food products is costing more due to rising fuel. It clearly is having a knock on effect and the outlook is not looking as rosy as we hope.
UK motorists are relying on better and more economical cars being produced by Manufacturers including big names Audi, BMW, Mercedes, Ford, Land Rover, Jaguar, Honda, Kia, Fiat, Volkswagen, Renault, Citroën, Volvo and many more. The manufacturers improved MPG for drivers greatly. Not only does improving economy on fuel they have also reduced CO2 to help improve climate change and also to reduce car tax / road tax bills.
14-Nov-2011
« Back to articles