Thursday, 3. September 2009
Experts are warning that the hike in fuel duty taking place this week by 2.3 pence per litre could be the start of significant increases on the way as crude oil increases in cost and the reduced rate VAT is set to end. The RAC predict that pump prices could return to the levels of summer 2008 at around £1.20 litre. So if you are thinking of changing your car you should make sure that you take a close look at fuel consumption, there is no longer the clear distinction between petrol and diesel. By Graham Hill
Saturday, 7. February 2009
Tyres are on the move! Increasing in cost that is. The sudden jump in the cost of crude oil last year followed by the drop in value of sterling resulted in a continued increase in the cost of the raw materials that are used to manufacture tyres. This has meant that prices increased by 20% over recent months with the industry warning that prices will rise even further during 2009. Kwik Fit Fleet say they are expecting some Read more »
Thursday, 25. September 2008
Well just as we started to rejoice in the steady fall in oil prices and the price war that started last week between the oil companies and the supermarket chains we suddenly saw a massive increase in the price of crude oil of $25 a barrel on Monday. Now whilst there was an element of manipulation on the markets protecting traders on the futures market from over exposure it has still sent jitters throughout the car industry and concerned drivers (who heard about the rise). Strangely, this massive increase in Read more »