UK fuel prices on the rise again

25th February 2013

The latest edition of the AA Fuel Price Report has revealed that not only have fuel prices in the UK increased recently, but sales have also taken a tumble.

In the February publication of the research, the well-known breakdown organisation found the price of petrol has jumped by six pence a litre since the start of 2013.

Looking into this substantial increase in more detail, the AA highlighted that petrol prices rose by five pence a litre in the space of a month, before jumping by a further one pence in the past week alone.

On top of this, the price of diesel has increased from 140.32p a litre at the end of 2012 to the current average of 145.10p a litre – a 4.78p rise in the space of less than two months.

Looking into the reasons for the significant increases in price, the AA has pinned the blame on stock market speculators, who have driven the wholesale value of petrol from $990 (approximately £654) a tonne to $1,100.

The weakening value of the pound was also pinpointed by the breakdown organisation as being a cause for concern.

However, further figures from HM Revenue and Customs, supplied by the AA, have gone on to reveal that fuel forecourts are also feeling the pinch due to rising prices.

In fact, these particular statistics highlighted that petrol sales in the UK dropped to their latest level in 23 years in January 2013.

While the return of the harsh wintry weather across the country can be partially accounted for the drop, MSN Cars pointed out that the nation's motorists witnessed worse snow flurries in 2010 and yet fuel sales were still higher at that time.

Instead, the AA's president Edmund King acknowledged: "This latest surge in fuel prices and its impact on spending indicates that UK drivers and families can't take any more.

"We're no longer talking of the motorist as a cash cow for tax and speculator greed, but a horse slowly but surely being flogged to death."

Motorists do not necessarily have to give up driving all together due to rising fuel prices though, as adopting a more economical approach behind the wheel could help people cut back on their costs considerably.

When it comes to vehicle maintenance, for example, drivers are encouraged to check their beloved car's tyre pressures on a regular basis – especially before setting off on a long road trip.

This is because tyres naturally lose air due to time and temperature, with under-inflated products resulting in a vehicle having to create more rolling resistance.

One of the knock-on effects of this problem is that a car with under-inflated tyres then has to burn more fuel to keep moving along a road.

Working out a route to a destination before heading on a journey can also help save fuel, as can leaving promptly on a road trip instead of using needless fuel while waiting for a car's engine to warm up on a drive.

Once out on the open road, motorists are encouraged to be more economical by driving smoothly, accelerating gently and rolling the vehicle wherever it is safe to do so to make fuel go further.

Seeking tyre help and advice? Look no further than ATS Euromaster.

Posted by The cost of fuel in the UK has jumped again