It’s no secret that the price of petrol and/or diesel hasn’t been getting any cheaper over the last 10 years. When this young blog writer began the journey on the road in 2003, petrol was not much beyond the £1 per litre mark. Unfortunately this is far from the case in 2013; if you can completely fuel a car for under £30 you are either lucky or lying.
One of the most common questions from our customers is the mpg on the vehicle. In some cases it is crucial for a car to be exceeding 60 mpg before it would even be considered – hence the growth of our Eco Car Leasing and High Mileage Car Leasing options. And can we blame them? Absolutely not. In some instances, I am sure the person behind the petrol station counter was equipped with a black and white jumper, mask and swag bag…ok, that was a little facetious.
So why are we spending more on fuel than we do on our mortgage, food and shopping habits? We are under the impression much of this is due to fledgling availability of fossil fuels and natural resources. However, as the BBC reported today, oil companies worldwide may… (and I kid you not)… not have been completely genuine with the men and women at the pump.
The BBC has revealed that BP, Shell and Statoil have all been raided by anti-trust regulators to investigate allegations that oil prices have been fixed over the last decade. All companies are said to be in full co-operation in order to resolve this.
If it does materialise that these allegations are in anyway true, CarLease UK do hope that a serious stance is taken by the EU. As the automotive industry looks to proactively growth and investment, it needs fuel prices to be a) affordable; and b) stable. Failing that, we will be forced to investigate hilarious alternatives like the one below!