Recent spikes in fuel prices have placed enormous strain on consumers globally – and pressure on governments to provide financial relief.
We asked 2,539 people, taken from nationally representative samples from the United Kingdom, United States, Australia and New Zealand, how price hikes are affecting their hip pockets. Here’s what we found:
The average price of a full tank is costing drivers more across the globe compared to 12 months ago, with Aussies and Kiwis spending $30 more, Americans $25 more and Brits £17.
13% of Kiwis say they will switch to an electric vehicle if fuel continues to climb, followed by almost 10% of Aussies, Brits & Americans.
About half of all car owners say they are using their car less frequently, with 23% of Brits incorporating more walking/cycling instead of using their vehicle.
Across the countries, nearly 80% car owners said that they will keep their car even if the fuel prices continue to climb.
The infographic below represents further key findings from the research:
