Inflation is set to remain high for another period of time and fuel prices are among the increases consumers can expect to see along with train fares. These increases will negate slowing price increases for food and clothing but that won’t help the millions of motorists who need to pay extra to drive to and from work each day.
What does this mean?
Petrol and diesel are an essential material for workers across the country and the high prices are causing more concern on a weekly basis. For motorists everywhere, managing their budgets is essential and this means they are cutting other things to ensure they are still able to drive and be mobile – which is important just to be able to get to and from work.
There are plenty of arguments that discounts in fashion and clothing is useless because the increasing fuel costs mean that there is no room in the budget to take advantage of these deals. A lot of motorists also argue that the economy is not keeping up with rising costs when it comes to wages, as the increases in hourly wages and salaries seem to increase at a much slower rate than the price rises for all commodities.
What can people do to help themselves?
While strict budgeting is an option, there comes a point where there is very little that can be cut out. It is worth looking at car share options if they are available and this can lower the cost for all involved. Journey planning can allow you to avoid areas where fuel prices are higher than average and this can save money over time but it doesn’t solve the problem motorists across the country are facing.