Ireland’s Guide To Money And Living

Pump prices

Pump prices

According to the AA this week, the recent low pump prices we’ve been enjoying are coming to an end, with the cost of both diesel and petrol rising. The average motorist is now spending around €193.65 per month on fuel, they say, a combination of the rising cost of oil, and high levels of tax.

“Much has been said about oil producers appearing to edge closer towards limiting their output and the growth in prices would seem to be reflective of recent headlines,” said Conor Faughnan, the AA’s Director of Consumer Affairs. “Huge trades made on international exchanges are far removed from the consumer. In fact, you can sometimes see price movements even throughout a single day as trading can get spooked in response to headlines. It settles down on a longer time-line and for now we are only seeing the minor side effects of rumoured oil production limits.”
With that in mind, we’ve got a few tips to save on your fuel bill.

Avoid rush hour traffic

This might be difficult if you begin work at 9am and finish at 5.30pm, but avoiding the stop-start nightmare that is traffic during the morning and evening rush hours could keep that fuel indicator from dropping too quickly.

Plan your trips

If you’ve got a number of errands to run at the weekend, plan your trip so you can get them all done in the one go. Check out your routes on Google Maps – there may be a shorter (both in time and distance) route to get you where you want to go!

Streamline

It’s nice to drive along on a warm day with the windows down and the sunroof open. However, doing so increases drag and decreases your fuel efficiency! The same goes for roof racks and boxes – consider taking them off when not in use.

Weight reduction

If your car or boot is full of heavy items like toolboxes, leave them at home – they take up space and impact on fuel efficiency.

Walk or cycle where possible

Given the increasingly better weather, why not ditch the car and walk or cycle to work or down to the shops? I try to bike into work at least once a week to save on fuel and stress levels – a 28km round trip that is both perfectly doable and an enjoyable way to travel on a nice day.

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When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.
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