(Fuel prices predicted to hit £7.00 per gallon!) What are you going to do about it ?

Motorists are being warned of the rise in price of fuel over the next five days, as a planned fuel duty rise on January 1 and the 2.5% jump in VAT on January 4 will push near record-high petrol and diesel prices further up.

The rise is expected to hit families with an extra £104 a year, totaling more than £1,700 annually, according to the AA.

Why are fuel prices going up?

Petrol prices have risen by 15% in a year

Fuel prices will rise initially tomorrow as the Government’s fuel duty increase goes ahead. This will add an extra 0.76p per litre for both petrol and diesel.

And on January 4, the increase in VAT to 20% will push the price of fuel even higher.

In total, the tax rises will increase petrol and diesel prices by around 3.5p per litre, according to the AA.

The average increase of over 15% year-on-year has meant UK consumers have been spending £10m more a day on filling up, the AA said.

The solution is a ResponseChip, which can help you balance the books…in simple terms if you fill up once a week, there are substantial economy gains available with us. Typically fuel savings average between 15-25% depending on driving style and usage. This means you can not only aviod the fuel prices but roll back the clock !