Wednesday, January 12, 2011

Petrol prices forcing parents to share school run

Nearly half of parents are thinking of sharing the school run in an attempt to cut down on the cost of running their cars, after petrol prices hit a fresh record.

The average price of a litre of unleaded petrol climbed higher on Tuesday from 127.80p to 127.88p, edging ever closer to the equivalent of £6 a gallon (132p a litre).
The price has climbed steadily since the New Year, when first fuel duty was increased, and then a few days later the increased level of VAT came into force.
Consumers have been cutting back on driving – as they did during the fuel price spike of 2008. According to a poll by Halfords, the retailer, 44 per cent of parents say they are talking to friends about sharing the school run.
The survey also suggested that 78 per cent plan to drive less, with daily short trips to local shops the biggest casualty of the attempt to save on transport costs.
Figures from HM Revenue and Customs suggest that fuel consumption falls when the price of petrol increases. During December 4.28 billion litres of fuel – either unleaded petrol or diesel – was released for consumption, a fall of 4.48 billion in November. - The Telegraph

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