Pump My Ride! Why Petrol Prices are Sky High Again
By Carl Chambers
Hi there wannabe money savers! Whilst in my car this morning, the radio blurted out that the UK has emerged from 18 months’ of recession. This filled me with some optimism, despite the tenuous 0.1% growth figures on which the recovery claim hung.
However, when I pulled into the petrol station it struck me that even though the country’s economy is growing again, my car, and specifically the petrol it drinks, will be contracting my own personal wealth for the foreseeable future.
The main culprit is tax, which accounts for around 65% of the total fuel charge but as frustrating as high forecourt prices are, there are ways to cut driving costs.
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