The price hike is largely down to the city speculators forcing up the price of crude oil, as they gamble on its future value.
The current average price for Petrol is over a £1 per litre and is hitting motorists, who have already had the impact of the fuel tax rise and the increase in road tax.
Research is now showing that the increase in fuel prices is forcing drivers to use their cars much less, to help control spending. The study by AA/Populus, found that a quarter of the 15,000 drivers surveyed are using their cars less.
It is important to think about all the costs associated with a car when purchasing a car. The asking price for a vehicle should not be the only criteria you think about. At Carmony we display all cars with running costs. These running costs include: road tax, estimated service maintenance and repair costs, plus details on fuel expenditure (for which mileage can be dictated). This is to help you make a much more informed choice when deciding which approved car to purchase.
Author: Carmony.co.uk
If you would like more tips and guides to help you buy a car, then go to our Get Advice pages on Carmony.co.uk
