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Forecasting Fuel Futures: Navigating the Volatile Oil Market and its Impact on UK Motorists in 2024

Forecasting Fuel Futures: Navigating the Volatile Oil Market and its Impact on UK Motorists in 2024

by Hypermiler UK | Dec 23, 2023 | Fuel Prices

Oil prices are expected to experience fluctuations in 2024, with various factors influencing the market dynamics. This will have significant implications for UK motorists, particularly in terms of fuel costs. Top U.S. banks predict a median Brent price of around $85...
Oil Prices Spiking: What Does This Mean for Motorists?

Oil Prices Spiking: What Does This Mean for Motorists?

by Hypermiler UK | Sep 11, 2023 | Fuel Prices

Russia and Saudia Arabia have recently cut crude supplies, which means that petrol prices rose above 90 dollars for a barrel. For many, this might be reminiscent of the inflation of oil prices, which took its toll on many motorists. However, shortly after the spike,...
Rishi Sunak: Fuel duty will be cut by 5p a litre

Rishi Sunak: Fuel duty will be cut by 5p a litre

by Hypermiler UK | Mar 23, 2022 | Fuel Prices

At last, some welcome news for my fellow UK motorists as Rishi Sunak confirmed today that fuel duty will be cut by 5p a litre from 18:00 GMT until March 2023. The announcement comes as UK households struggle with the “cost of living crisis” driven by...

Supermarkets shamed into fuel price cut as RAC slams retailers

by Hypermiler UK | Oct 17, 2019 | Fuel Prices

UK Supermarkets have begun to drop fuel prices in response to claims that they aren’t passing on reductions in wholesale fuel prices. The RAC reported earlier this week that retailers should be reflecting the dip in wholesale fuel prices by up to 7p a litre....

Supermarkets “slash” fuel prices as crude oil price tumbles

by Hypermiler UK | Nov 26, 2018 | Fuel Prices

In the uncertainty of Brexit and the UK’s political mess, it’s a welcome distraction to hear that fuel prices are being “slashed” by supermarkets. The move by major supermarket fuel suppliers including Asda, Sainsbury’s and Morrisons has seen...

Double blow for drivers as fuel prices rocket and government hint at duty rise

by Hypermiler UK | Sep 12, 2018 | Fuel Prices

You’ll have all noticed the relentless increase in fuel prices over the last couple of months. In fact, this week marks the 10th consecutive week that fuel prices in the UK have risen. Don’t expect this trend to reverse soon either, with Hurricane Florence set to...
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