Oil Prices Decrease Consumption But Increase Bike Use

You might have missed it, but this week was bike week, running from 14th to the 22nd of June. People were getting on their bikes in support, others were getting on to a bike for the first time, and I even had a few hours fun trying to teach a friend how to ride a bike. There is still two days left for you to be empowered to make the change and start cycling, change your life, your health and the environment for the better.

Of course bike week was the time to announce government funding of £100m through a scheme aimed at encouraging cycling. Bristol intends to double the number of cyclists over the next three years with a series of innovations, becoming the UK's first "cycling city", and a model for the rest of the UK.

Sharing the funding will be York, Stoke, Blackpool, Cambridge, Chester, Colchester, Leighton Buzzard, Southend, Shrewsbury, Southport and Woking.

With the price of oil increasing, analysists continually increasing their estimates, $250 a barrel in 12 months or more, it's no wonder Ford are killing off their fuel inefficient models such as large SUVs and focusing on core small fuel efficient models. The positives are lower government tax and reduced running cost.

As the squeeze gets tighter and inflation is at a record high, 3.3%. Its highly likely we will see a further rate increase from the Bank Of England.

So bikes are the way to go!