Our dependence as a nation on the motor vehicle and the amount we all spend on petrol or diesel, makes fuel consumption a number one target for saving money.
1. The Cost of Filling UpAccording to the Daily Mirror, the average yearly fuel bill of a two child family is £2445. Add that to the cost of maintenance: Tax, MOT, insurance, tyres and other repairs – and there has never been a more appropriate time to reduce fuel consumption.
AA reporting that the average price of fuel in the UK now at a staggering 133.7ppl (pence per litre) for petrol and 140.9ppl for diesel!
3. Inflation of Fuel PricesWho remembers when fuel was below a £1 per litre? Well I can tell you that it wasn’t that long ago. For arguments sake, let’s just say 2 years ago: that’s inflation of 20.5% per year! There doesn’t seem to be much of a recession on the global oil markets!
Consider then, that based on the current Retail Price Index (RPI), fuel has risen approximately 15% above inflation. Can there be a better reason to try and cut down?