The Financial Blog

I remember writing this post a few months back and thinking that petrol prices would never really get anywhere near £1.50 a litre, but now I’m not so sure;

http://www.thefinancialblog.co.uk/petrol-to-hit-150-a-litre-this-year

The AA say that the average bank holiday car journey looks set to cost UK drivers a whopping £110 million more this year compared to last year because of rising petrol prices. (Don’t get me started!).

The average journey is estimated at 304 miles and drivers using diesel cars will see an increase of 29 per cent and unleaded petrol car drivers will see a 17 per cent increase. It’s no suprise the government refuse to budge over fuel duty don’t forget they’re getting around 75% of the £110 million and it’s all MORE, i.e. additional fuel duty revenue than this time last year. I guess we have to pay for those MP’s expenses some how…

Getting back on track! - Despite the rising costs the AA estimate that there will be a 33 per cent increase in road traffic tomorrow and so they have put together some travelling tips for this weekends bank holiday traffic;

Timings

• The 33% increase in traffic on Friday is likely to result in an average 30 minute delay, not allowing for any significant traffic incidents
• Traffic levels are expected to increase from mid morning on Friday 23rd, peak at 5pm and are likely to subside by 7.30pm
• Saturday and Sunday traffic is expected to be weather dependent, with any outbreaks of good weather making approaches to local places of interest busy
• Monday evening will see an increase in traffic as people travel back home

Top ten busiest roads

• M25 around London through Surrey and Berkshire (J10-J16)
• M25 South Mimms towards the Holmesdale Tunnel (J23-J27)
• M25 from Kent towards the Dartford Tunnel (J4-J1)
• M1 Northbound past Luton (J6-J10)
• M1 through the East Midlands towards South Yorkshire (J22-J32)
• M6 through the West Midlands (J6-J11a)
• M6 between Cheshire and the Lake District (J21-J35)
• M5 Southbound past Bristol (J15-J20)
• M5 through Somerset and Devon (J23-J29)
• A303 between Stonehenge and Somerset/Devon border

Top 10 destinations for May Bank Holiday weekend:

1. London
2. Manchester
3. Cardiff
4. Bristol
5. Southampton
6. Nottingham
7. Brighton
8. Blackpool
9. Birmingham
10. Edinburgh

One thing you can do when it comes to the cost of running your car is make sure you compare car insurance and get the most competitive car insurance policy for your needs.

This entry was posted on Thursday, May 22nd, 2008 at 1:23 pm and is filed under Tax. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.