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MSE News: Motorists cutting back as petrol prices reach six-month high, AA says

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in Motoring
Petrol prices have reached a six-month high, causing many motorists to reduce their car use, according to the AA...
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Motorists cutting back as petrol prices reach six-month high, AA says

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Motorists cutting back as petrol prices reach six-month high, AA says

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On the other hand, the 50% falling oil price from a $115 high in June last year to the $58 low in December only resulted in a 23% fall in petrol prices from £1.30 to £1. The optimist might suggest that petrol producers had been operating with reduced profit margins during that time of high oil prices, and are now returning to their normal profit margins.
The pessimist might wonder whether they are using the present lower oil price to help themselves to more profit.
Shell/Amex spend £50, get £10 cashback. One off deal.
Shell/Santander 123, 3% cashback, one off deal. This is on top of the normal 3% off, so 6% altogether.
As I get 3% off on the Santander credit card normally, 115.9p is actually 112.9p
Not quite.
Average prices fell to about £1.07 a litre, not £1.
And oil prices actually went below $50 a barrel at that time.
And on your rant about falling prices last year, you seem to have ignored the appreciating US dollar.
at the moment the prices for diesel in the local supermarkets are
asda 116.7p
sains 118.9p
tesco 118.9p
morrisons 118.9p
i contacted sainsburys to tell them it was cheaper locally and they said they set it to their closest competitor, which was tesco if you counted supermarkets.
yet a local texaco close to sains was 116.9p
and only 5 miles down the road another sainsburys was 116.9p!
the sainsburys near me is closer to the refinery that it comes from too! (a friend of mine drives the tankers for them).
somethings afoot!
Not 100% sure though.
Do people really have the attention span and memories of goldfish?
No 3% on fuel.
Not really, but journalists have a lot of time and space to fill!
Exactly.
If you can easily stop using your car because the price has gone up 5% then you probably didn't need to do the journey or use the car for it in the first place.