News that Asda is cutting the cost of a litre of petrol has made many consumers stand up and take notice. There are predictions that other chains that offer petrol, such as Tesco, will shortly follow suit. This is particularly good news for people who planned on taking short holidays near home over the summer.
Even the modest drop in petrol prices will help to stretch many household budgets. For people who rely on personal vehicles to travel to and from work, the decrease will mean a little money left over each time the tank is filled. Over the course of the month, the savings could be used to defray other household expenses, or be placed in an interest bearing banking account, helping to increase the financial security of the household.
Consumers who plan on saving money by enjoying holidays closer to home will also find the drop in petrol prices to be helpful. The decrease could make it more feasible to enjoy an extra long weekend or two during the course of the summer, providing more opportunities for rest and recreation. While not the same as a proper holiday, the extra recreation time may help to make the bite of the recession seem a little less severe.
To get an idea of how much the drop in petrol prices will save you, take note of what you normally pay for a full tank of gas, then compare the cost of filling up the tank at the new rate. If you use a full tank of petrol per week, this will give you some idea of what type of savings to expect over the course of a month. The total amount may be more than you think.
