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Fuel Prices up 4p with little warning!
The issue that not only effects motorists but everyone has come back into play. Fuel prices are expected rise 4p within a matter of days in the UK. 4P will be the highest it will increase making it one of the most expensive fuel figures in the Europe.
The UK currently sit 13th in the table for highest petrol prices in Europe, which is only because of the struggling economy for most of Southern Europe and despite that, the UK sit at fourth in the table for Diesel prices. The price of diesel actually fell last month leading to ever growing demand for diesel models.
Wholesale prices have already risen a total of 5p since Christmas and the retailers have been trying to absorb the rise themselves, but as the price continues to increase the retailers will have to up the price for the public. The retailers are looking to replenish stocks and pay the higher asking price for the fuel which they will have to defer to motorists.
There has recently been news of a glut of fuel reserves in Europe which would effectively keep fuel prices down. However, a weak European economy along with dampened demand has led to the unavoidable rise in fuel prices.
Cars such as the Mini Cooper S and the Audi A8 are known for the sheer amount of fuel they use up over a short distanced journey. The less economic cars such as these are going to make there owners suffer due to the continued rise is petrol prices.
2013 may well be the year of the electric car as the petrol and diesel prices continue to increase in the UK. Both Mercedes and BMW are due to release an electric car in 2013 to take advantage of the current government initiative which sees the customer receive a government grant in order to help keep emission rates down.