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Petrol to rise to £2.30 a Litre ?!!

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Comments

  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    lisal0u wrote: »
    Hi,

    I worked out my cost of travel too and its pretty frightening. I drive a Toyota Yaris diesel and average 65mpg but even with a very economical car its still a lot of money compared to when I started my job.

    It currently costs me £4.91/day to travel to work (round trip of 52 miles) at
    £1.29.3p/litre

    In 2001 (when I started my job) it cost me £2.97/day at 77.6p/litre.

    Thats an extra £1.94/day or £426.8/year (220 working days per year).

    If prices increase here are the following costs:

    £1.50/litre = £5.71/day or £1256.2/yr (an increase of £176/year
    £15/month)

    Disposable income of £140 now becomes £125

    £1.80/litre = £6.86/day or £1509.20/yr (an increase of £429/year or
    £35.75/month)

    Disposable income of £140 now becomes £104.25

    £2.00/litre = Disposable income of £90.30p
    £3.00/litre = Disposable income of £20.47p

    There will definately be a point in the not to distant future that people can no longer afford to drive to work. I have looked at other options but they are not viable. The train takes 2 hours and costs £19/day and the bus takes an hour and 3/4 £7/day.

    I have joined the liftshare scheme but I'm a little bit wary of this as how do you know what sort of person you are sharing with. I'm currently trying to organise working from home a few days a week as this would help a lot!

    Anyone got any other ideas on reducing fuel costs?

    Thanks
    Lisa

    Hi
    There is a thread here on petrol efficiency -

    http://forums.moneysavingexpert.com/showthread.html?t=674625

    Thanks for your interesting post> I always like seeing the figures.:rotfl::D
  • LittleMissAspie
    LittleMissAspie Posts: 2,130 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    lisal0u wrote: »
    Anyone got any other ideas on reducing fuel costs?
    Don't apply for jobs that are 26 miles away from your house? Seriously, why do people live so far from their jobs?

    Don't tell me it works out cheaper because the houses cost less, because I've done my own calculations on that when we were looking for somewhere cheaper to live. And it's cheaper to live in town and cycle to work than move away and have to run a car/get the bus.
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    One of the "advantages" :rolleyes: of Gordon Brown's current fuel tax regime is that the % rise in the UK is likely to less than elsewhere because so much of our petrol price is tax and so little the actual petrol.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Don't apply for jobs that are 26 miles away from your house? Seriously, why do people live so far from their jobs?

    Don't tell me it works out cheaper because the houses cost less, because I've done my own calculations on that when we were looking for somewhere cheaper to live. And it's cheaper to live in town and cycle to work than move away and have to run a car/get the bus.

    It's not always possible to live near to your job. Chiefly because of things like stupidly high house prices. And of course if you find yourself moving between jobs it's not so easy to sell up and buy somewhere closer to the new one. Then there are couples who have jobs in different places ... etc. etc.

    (By the way, I live about 15 mins walk from my job. It all worked out very handy. I still like to drive in though :D If the summer has reliably good weather I'll try cycling, maybe :p )
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • lisal0u
    lisal0u Posts: 406 Forumite
    Part of the Furniture Combo Breaker
    Don't apply for jobs that are 26 miles away from your house? Seriously, why do people live so far from their jobs?

    Don't tell me it works out cheaper because the houses cost less, because I've done my own calculations on that when we were looking for somewhere cheaper to live. And it's cheaper to live in town and cycle to work than move away and have to run a car/get the bus.

    I wish I could live where I work but its not as simple as 'not applying for jobs that are 26 miles away'! If you lived where I do, S!!!!horpe, my only options are the Steel Works, fast food or retail and factory work! Hardly a place for a career. I work in Lincoln because that is where the jobs are. I would love to move to Lincoln but my boyfriend who I live with is a sales rep and his catchment is from S!!!!horpe up to Middlesborough and across to Manchester. So moving to Lincoln would not be an option for him.

    And I can't afford to buy a house in Lincoln, the prices are hugely different!

    People sometime don't have any other choice than to live a commute away! Unfortunately we aren't all lucky enough to live in an area of fantastic public transport!
  • jamescredmond
    jamescredmond Posts: 1,061 Forumite
    and I read of a 20% fall-off in UK petrol sales (YOY) today.

    but I can't remember where!

    early alzheimer's, obviously.
    miladdo
  • Kez100
    Kez100 Posts: 2,236 Forumite
    No, you are right. I did too.

    Got to go...some bloke in a white coat has just rung the doorbell.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Don't apply for jobs that are 26 miles away from your house? Seriously, why do people live so far from their jobs?

    Don't tell me it works out cheaper because the houses cost less, because I've done my own calculations on that when we were looking for somewhere cheaper to live. And it's cheaper to live in town and cycle to work than move away and have to run a car/get the bus.
    Sometimes you can't afford the closer house.
    If you can afford the closer house, then you can do the maths.
    But if you can't afford the closer house ever, then the maths isn't an option and you have to move further out.

    Also, jobs change. You can't choose where your job is. If you're suddenly out of a job you have to take the very first/next thing that anybody offers you that you can do. And that could be anywhere.

    The Jobcentre have a thing called "travel to work area" and that is up to 1.5 hours each way. So they would deem that as a reasonable travelling distance.

    And when anybody did their sums, say, 5 years ago, they'd not have easily guessed that petrol might be 3x as much in 5 years' time. Or perhaps they hoped their situation would change for the better and they could move closer.

    I had a job 50 miles from my home 6 years ago. Simply because it was £22k and any job only 20-25 miles away was £15k. It just gave me a few extra quid over the £15k job (after travel costs). But every pound counts. Not to mention the fact I wasn't even getting interview offers for the £15k jobs.
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Don't apply for jobs that are 26 miles away from your house? Seriously, why do people live so far from their jobs?

    Don't tell me it works out cheaper because the houses cost less, because I've done my own calculations on that when we were looking for somewhere cheaper to live. And it's cheaper to live in town and cycle to work than move away and have to run a car/get the bus.
    You can't state that for all people it isn't cheaper to buy a house further away - that would depend on the house price distribution relative to the place of work. For many people it was cheaper to buy a house reasonable far from work, or you might have partners travelling in opposite directions.
    Happy chappy
  • posh*spice
    posh*spice Posts: 1,398 Forumite
    !!!!!!? wrote: »
    (By the way, I live about 15 mins walk from my job. It all worked out very handy. I still like to drive in though :D If the summer has reliably good weather I'll try cycling, maybe :p )

    Oh shame on you !!!!!!? .......and there was I thinking you were nice:naughty:
    Turn your face to the sun and the shadows fall behind you.
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