Sunday, 27 September 2015

Motorists lose out in hunt for cheap fuel: Average driver could be £11 a month down after making detours to save 1p a litre at the pumps . . .

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Motorists lose out in hunt for cheap fuel: Average driver could be £11 a month down after making detours to save 1p a litre at the pumps

  • 43% of 2,000 drivers surveyed willing to make a detour to save money
  • But diversions would actually cost typical petrol driver £10.90 a month 
  • Drivers on average willing to divert up to 2 miles to save a penny a litre
  • Up to £528 billion a month is wasted as motorists pay more to detour

The average motorist could be losing £11 a month by driving out of their way to save just 1p a litre at the pumps, research suggests.

A survey of 2,000 drivers found that 43 per cent were willing to make a detour.

But, based on the distance they said they would go out of their way, and the number of times they refilled every month, their efforts would be largely pointless.


Saving money at the pumps: On average, drivers were willing to divert up to two miles to save a penny a litre

Data suggests such monthly diversions would actually cost a typical petrol driver £10.90 a month, or up to £16.02 for diesel drivers.

Men were more likely to seek out cheaper fuel than women, with 46 per cent admitting to making a detour to save on the pump price compared with 39 per cent of women.
The research, by the price comparison website MoneySuperMarket found bargain-hunting motorists were wasting up to £528 billion every month by paying more to divert their journey than they saved at the pump.

On average, drivers were willing to divert up to two miles to save a penny a litre, while one in 10 would drive five miles.

But, according to the study, travelling more than two miles further to save a penny a litre meant losing money.


Going down: This week, Morrisons (above) became the latest to cut diesel prices by 4p to around 107p a litre

On the flip side, driving just one mile to pay 5p per litre less on fuel would save motorists £2.32 every time they filled a 50-litre tank.
While driving a bit out of your way for cheaper fuel might seem like a simple way of cutting costs, the reality is that it can be a false economy
MoneySuperMarket spokesman

A MoneySuperMarket spokesman said: ‘It’s no surprise cash strapped motorists are seeking out cheaper petrol prices, especially at a time when prices are finally falling – particularly for diesel – at some, but not all, stations.

‘Yet while driving a bit out of your way for cheaper fuel might seem like a simple way of cutting costs, the reality is that it can be a false economy, and could actually cost you more.'

Experts have predicted that the cost of diesel could fall to £1 a litre for the first time in six years this summer as supermarket price wars intensify.

This week, Morrisons became the latest to cut diesel prices by 4p to around 107p a litre. It also cut its petrol prices by 1p to an average of 112p a litre.

The RAC predicts that the average UK pump price for diesel could fall to £1 a litre for the first time since 2009.









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