Diesel Prices - The Highs, the Lows and how you can take control

Fuel prices have been a hot topic in recent times, with fluctuations in the cost of diesel causing concerns for many people, in particular businesses with large fleets of vehicles who have seen travel expenses dramatically rise over the previous few months.

The current fuel price climate is influenced by many varying factors, including global oil prices, supply and demand dynamics, government policies, and taxes.

One of the primary factors driving fuel prices is the global oil market. Changes in oil production, supply, and demand can cause oil prices to fluctuate, which in turn affects the price of diesel.

Additionally, global political dynamics can also have a rather large effect on how much it costs to fill up your vehicle.

Another key factor is supply and demand dynamics. When demand for fuel increases, and supply is unable to keep up, prices can rise.

On the other hand, when supply exceeds demand, prices may fall, which is currently why we are all seeing a drop in fuel prices.

This is why fuel prices tend to be higher during the summer months when there is a higher demand for travel and tourism which sees motorists traveling in larger demands and amounts than they normally would.

Staying ahead of the curve in the summer months is imperative to ensure both your business's cost and expenses are minimised, and you are getting the absolute most for every penny that you spend.

As we have all seen a drop in fuel prices in recent weeks it is clear to see that this is not going to be sustainable, and as the demand for fuel increases, so will the price.

We here at BBS are 100% committed to saving businesses and motorists money on fuel and can guarantee you fuel savings when you fill up using our convenient money-saving fuel cards.

Stay ahead of the price rise and see how much you can save with BBS today.

www.wearebbs.co.uk