zlacker

>>Techno+(OP)
When see things like this, I always think of the Chinese proverb

"An inch of time is worth an inch of gold, but it is hard to buy one inch of time with one inch of gold"

Which always says to me that its not worth it just use the quickest option

Take the example drcongo posted:

"Yesterday I had to drive to a nearby town, just 20 minutes away, and noticed that every single petrol station there was a good 5p per litre cheaper than my town. I might plug this into a map."

Assume he uses 30 litres a week (high end of average UK usage) that's £1.50 per week saving but assume the extra miles use half a litre, that takes about 65 p off the saving (ill not go into wear and tear) over 30 years of work 50 weeks a year this means a saving of £1,275 over 30 years ... sounds a lot but

20 mins away - this assumes 40 minutes per week over 50 weeks is 2000 minutes, and over 30 years 60000 minutes. Now assume you are awake for 16 hours a day this equates to 62.5 days of free time - more than two months of awake time

so as the saying goes... which would you prefer £1,275 saving or 62.5 days of time

>>maffyo+99
I almost never go out of my way for fuel, because as you say, it's rarely worth it once you factor in your time (never mind the fuel spent).

But it's still useful to know about price variation so that you can plan ahead. I regularly drive past several different petrol stations, and if I know that one of them is usually cheaper or usually more expensive then I choose to use or avoid it, or to decide that I'll fill up tomorrow when I'm going that way rather than today at a more expensive one.

And that'd be more useful built into satnav, so that if I know I have to fill up somewhere along my route then I can pick the cheapest place, since there's no real time cost to any of the options compared to each other.

>>entuno+db
totally agree, technology could make this much more cost effective (or time effective). what's the best use of my time versus the cheaper option..

It's interesting running the numbers though. e.g. if it only take 10 minutes to get cheaper fuel, how much cheaper does it need to be for your time to be worth more than the UK minimum wage (£12.21 for adults over 21)

based on my maths (from above calculations) it needs to be about 7p per litre cheaper to justify the extra 10 minutes and for your time to be worth more, per hour, than the minimum wage.

>>maffyo+jc
Also depends on the size of your fuel tank and how full it already is. The time taken to refuel is (almost) the same regardless, but if you've got a 40l fuel tank vs a 70l one or you're only half-empty then it's going to be less worthwhile.

7p cheaper for 10 minutes works out at about minimum wage if you're buying 30 litres, but with a bigger car you could easily be buying twice that, which works out much better.

Although of course you also need to factor in how much fuel you burn driving to the cheaper place, and the extra wear and depreciation on the car. If you take the HMRC standard rate of 45p/mile (which was meant to cover all of that kind of thing, but hasn't been updated for years) then even going a few miles out of your way quickly ends up costing more than it's likely to save.