RAC Report on Motoring 2016

1.0 What’s on motorists’ minds?

By way of contrast, the equivalent figures for 2014 and 2013 – at a time when fuel was significantly more expensive – were 47% and 63% respectively. In addition to cheaper petrol and diesel prices, increased economic prosperity has no doubt played a part in reducing concerns about vehicle running costs. The UK’s

GDP grew by 2.2% over the course of 2015, and by a further 0.4% in the first three months of this year 5 . At the same time, wage growth has remained positive: in April 2016, the Office for National Statistics reported an average weekly earnings growth rate of 2%, well ahead of inflation.

The cost of fuel

Diesel

Unleaded

Retail Diesel

Wholesale Diesel

Retail Unleaded

Wholesale Unleaded

RAC Fuel Watch provides a daily insight into how petrol and diesel prices are changing – both on the wholesale market and on the forecourt – as well as a detailed monthly analysis of how much prices have gone up or down. See rac.co.uk/fuelwatch

March 2016

April 2016

May 2016

June 2016

July 2016

Source: Experian Catalist

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