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Investigation: prices at the pump over the last 5 years

Posted On 19 Jul, 2017

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Almost everyone who drives a used car has a very keen interest in the price of fuel. And why wouldn't you? After all, it keeps your car on the road, but it can make a real dent in your wallet too.

Thankfully, there are some very handy websites out there tracking the prices of fuel for us. That means that when you buy used cars, you can at least attempt a decent prediction of the costs coming up.

Price variety to date

For example, right now, prices are about 20p cheaper per litre than they were back in 2012. In the 5 intervening years, prices were stable, until a crash in 2015.

Since then, the cost of fuel has once again stabilised.

Hertz Rent2Buy must be clear, there is no crystal that can foresee exactly what things will cost at the pump tomorrow, or in 2 years.

But you can use charts like this one to analyse cost over time, and at the very least estimate what you think is a reasonable judgement on what your fuel expenditure might be.

Follow the news

Another good way you can attempt to predict fuel prices is by becoming a keen consumer of news. Fuel price is very much related to oil price, and that in turn is related to global politics and economics.

Therefore, the savvy driver can seek to predict where global pricing is going, simply by learning which news channels to tune into and which markets to follow in terms of economics.

This might be a bit of a stretch for some of us. After all, just because you are after used cars in Uxbridge, that doesn't necessarily mean you're going to check on world affairs over in Saudi Arabia.

However, we do recommend that, if you have the time, you take at least a cursory interest in fuel prices. After all, these massively impact on your daily commute, but they also affect your shopping and they affect the world economy, climate change and a host of other elements too.

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