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For all the concerns about the falling exchange rate and rising fuel prices, the Telegraph(9 May 2008) still reckons that a holiday in France still offers good value for money:-

France looks a particularly good bet for a holiday this summer. With the euro soaring, your plat du jour will cost about 20 per cent more than last year, but it should still be significantly cheaper than in your local gastro-pub.

Accommodation, too, is cheaper: b&bs, gîtes and two- or three-star hotels charge 30-40 per cent less than many British counterparts. And fierce competition means that the cost of getting there is at historic lows. Here are some pointers to finding good value when crossing the Channel this summer.
By sea

Sixteen years ago it cost a minimum of £308 for a return ticket for a car plus passengers on the ferry from Dover to Calais. This August, P&O and Sea France have returns from about £50, and Eurotunnel from £98. Crossing the Channel with your own car has probably never been cheaper. But you will have to pick your travel times carefully to find these prices, avoiding peak times and school holiday weekends.

At today;s tourist exchange rate of £1= € 1.2176 euros, typical French hypermarket fuel prices are:-
Unleaded (sans plomb 95) € 1.3890 (£1.14 per litre)
Super unleaded (sans plomb 98 € 1.4290 (£1.17 per litre)
Diesel (gazole) € 1.2990 (£1.07 per litre)

You may have to pay more on autoroutes and branded petrol stations.