Petrol Prices

[Scuffers]

moanthebairns said:

I hear that all the time, yet when their is an increase, it goes up that day not 3 months later.

And?

What has that got to do with it?

[moanthebairns]

Scuffers said:

And?

What has that got to do with it?

I cant be arsed typing a response to this on my phone, I thought it was pretty obvious.

[Scuffers]

moanthebairns said:

Scuffers said:

And?

What has that got to do with it?

I cant be arsed typing a response to this on my phone, I thought it was pretty obvious.

so, you're trying to suggest that the oil price quoted today (for Feb contracts) is going to be used in the price of fuel at your local forecourt that was traded a month ago?

If the price goes up on the same day, then it's pretty obviously somebody taking advantage of the situation.

My original post was basically pointing out that the forecourt price will still be dropping as the crude price has been steadily falling and has not bottomed out yet, the petrol you are buying now is based on the crude price from some weeks back.

[hornet]

anonymous said:

[redacted]

Out of interest, how close (or not) is it to a supermarket forecourt, as that was always a consideration when I worked for a group with a forecourt network. It's not just a case of head office saying "this is the price", all sorts of local factors are taken into account. If a site is more than a certain distance from a hyper, or in a prime site on a main road, the price will generally be slightly higher than other sites in the same network, on the basis that people tend be be creatures of habit and convenience. Might not be as true today, as this was five or so years back and the retail picture has changed a lot since then.

My point was he wasn't exactly the small guy taking it to the big players that the articles were making him out to be, as Harvest have a decent amount of clout in the UK forecourt market - they supply many of the supermarkets so a kick-off!

[hornet]

Scuffers said:

My original post was basically pointing out that the forecourt price will still be dropping as the crude price has been steadily falling and has not bottomed out yet, the petrol you are buying now is based on the crude price from some weeks back.

Not to mention the exchange rate on said crude.

Also worth remembering that about 58p of every litre is excise duty, so you can't really judge a 40% reduction in crude against the full price on the totem, only the element above the duty rate (and that's ignoring VAT). On top of that, fewer and fewer forecourts are owned by refineres, regardless of what the logo says, so there's an ever decreasing operational link between the input and the output. Knowing how ruthlessly some of the independents operate (and indeed who owns them), I'm sure they're doing some very clever stuff with pricing, but what they're not doing is actually making the stuff in the first place.

[oyster]

moanthebairns said:

Scuffers said:

And?

What has that got to do with it?

I cant be arsed typing a response to this on my phone, I thought it was pretty obvious.

Business trying to make a profit shocka......

[anonymous-user]

hornet said:

anonymous said:

[redacted]

Out of interest, how close (or not) is it to a supermarket forecourt, as that was always a consideration when I worked for a group with a forecourt network. It's not just a case of head office saying "this is the price", all sorts of local factors are taken into account. If a site is more than a certain distance from a hyper, or in a prime site on a main road, the price will generally be slightly higher than other sites in the same network, on the basis that people tend be be creatures of habit and convenience. Might not be as true today, as this was five or so years back and the retail picture has changed a lot since then.

My point was he wasn't exactly the small guy taking it to the big players that the articles were making him out to be, as Harvest have a decent amount of clout in the UK forecourt market - they supply many of the supermarkets so a kick-off!

Its the opposite side of town to the Supermarkets and on a main route out, so they are definitely doing it for a reason and a valid one at that

My point was that Harvest must supply the Petrol to them at a price, the station owners I assume would then decide what price they are going to sell at. So in the case of this chap he's decided to take a bit less profit in the hope of getting a lot more custom, as opposed to the lot my way who know they will likely get the custom anyway so tend to take the mickey a bit more

[moanthebairns]

oyster said:

moanthebairns said:

Scuffers said:

And?

What has that got to do with it?

I cant be arsed typing a response to this on my phone, I thought it was pretty obvious.

Business trying to make a profit shocka......

So just to be clear,

its ok to pay Decembers rates in February because they bought the fuel 3 months ago, no one can argue with that. Seems fair.

but then its also ok, the second oil jumps up, that their fuel they bought cheaper 3 months ago suddenly reflects market rate?

[Scuffers]

moanthebairns said:

but then its also ok, the second oil jumps up, that their fuel they bought cheaper 3 months ago suddenly reflects market rate?

where has anybody said it's OK?

(and it's not 3 months)

[simoid]

moanthebairns said:

So just to be clear,

its ok to pay Decembers rates in February because they bought the fuel 3 months ago, no one can argue with that. Seems fair.

but then its also ok, the second oil jumps up, that their fuel they bought cheaper 3 months ago suddenly reflects market rate?

Maybe it is OK, maybe it's not.

Don't buy petrol if you don't like it.

[moanthebairns]

simoid said:

moanthebairns said:

So just to be clear,

its ok to pay Decembers rates in February because they bought the fuel 3 months ago, no one can argue with that. Seems fair.

but then its also ok, the second oil jumps up, that their fuel they bought cheaper 3 months ago suddenly reflects market rate?

Maybe it is OK, maybe it's not.

Don't buy petrol if you don't like it.

Oh dear God, I forgot how argumentative, pedantic and utterly wky pistonheads can be. Thank fk Biker Banter isn't like this.

[simoid]

moanthebairns said:

Oh dear God, I forgot how argumentative, pedantic and utterly wky pistonheads can be. Thank fk Biker Banter isn't like this.

I'm not arguing with you or being pedantic (well, now I am ). Sorry if I came across as wky.

The point is the petrol retailers can do what they want as demand is price inelastic.

[moanthebairns]

Scuffers said:

moanthebairns said:

but then its also ok, the second oil jumps up, that their fuel they bought cheaper 3 months ago suddenly reflects market rate?

where has anybody said it's OK?

(and it's not 3 months)

Jesus fking Christ, I really don't get pistonheads at time.

Scuffers points out that fuel doesn’t drop with the price of oil that day as its bought well in advance.

I agree, HOWEVER, I point out how quickly it rises, in an off the cuff remark that every motorist is familiar with.

Rather than read that and go, "yup, I think the same, I don't have a documented paper trail of petrol prices at the pump v $ per barrel but I sure as hell know how quickly it can jump up when I’ve been filling up. I knew exactly what you were getting at, you probably wrote that with your phone hidden behind some line diagrams and typed that at work hoping you wouldn’t get caught, say no more dude".

We have a page of that's business, it’s not fair but what can you do, don’t buy it then. All agreeing on the same thing.

I mean really. I couldn’t be arsed to go into detail about how the energy companies are coming under continual pressure from governing bodies because they jack up their bills £20 a month, yet if you see double that at the pumps no one blinks an eye and it’s probably the biggest consumable expenditure for most in this country.

[simoid]

moanthebairns said:

Jesus fking Christ, I really don't get pistonheads at time.

Scuffers points out that fuel doesn’t drop with the price of oil that day as its bought well in advance.

I agree, HOWEVER, I point out how quickly it rises, in an off the cuff remark that every motorist is familiar with.

Rather than read that and go, "yup, I think the same, I don't have a documented paper trail of petrol prices at the pump v $ per barrel but I sure as hell know how quickly it can jump up when I’ve been filling up. I knew exactly what you were getting at, you probably wrote that with your phone hidden behind some line diagrams and typed that at work hoping you wouldn’t get caught, say no more dude".

We have a page of that's business, it’s not fair but what can you do, don’t buy it then. All agreeing on the same thing.

I mean really. I couldn’t be arsed to go into detail about how the energy companies are coming under continual pressure from governing bodies because they jack up their bills £20 a month, yet if you see double that at the pumps no one blinks an eye and it’s probably the biggest consumable expenditure for most in this country.

I fully agree.

[Scuffers]

moanthebairns said:

Jesus fking Christ, I really don't get pistonheads at time.

Scuffers points out that fuel doesn’t drop with the price of oil that day as its bought well in advance.

I agree, HOWEVER, I point out how quickly it rises, in an off the cuff remark that every motorist is familiar with.

Rather than read that and go, "yup, I think the same, I don't have a documented paper trail of petrol prices at the pump v $ per barrel but I sure as hell know how quickly it can jump up when I’ve been filling up. I knew exactly what you were getting at, you probably wrote that with your phone hidden behind some line diagrams and typed that at work hoping you wouldn’t get caught, say no more dude".

We have a page of that's business, it’s not fair but what can you do, don’t buy it then. All agreeing on the same thing.

I mean really. I couldn’t be arsed to go into detail about how the energy companies are coming under continual pressure from governing bodies because they jack up their bills £20 a month, yet if you see double that at the pumps no one blinks an eye and it’s probably the biggest consumable expenditure for most in this country.

that's not how it went...

try reading it again.

moanthebairns said:

Scuffers said:

moanthebairns said:

hidetheelephants said:

It's all over! They're going back up! At my local it was 104.9 on Tuesday and 106.9 yesterday!

I noticed this as well, wtf. I'm still £1.11 for super, I feel cheated.

currently 105 here (east midlands)

bear in mind oil used on the forecourt today was priced in december, current oil price (in the $48's today) relate to future contracts (Feb).

I hear that all the time, yet when their is an increase, it goes up that day not 3 months later.

the point was being suggested that the cuts were all over and it was on it's way back up, What I was trying to get across was it still has some weeks to go before the cheap oil filters through to the pumps.

you then went off on a tangent.

[moanthebairns]

one person pointed out with a face that they were up in a particular region and made a joke about it. Clearly taking the piss.

I made a statement that was meant in humour but I missed the as I was on the phone.

its hardly Kennedy vs. Nixon levels of debate about the prices sky rocketing up.

I'm moving on.....We both agree I cant be arsed with this no more.

[Gandahar]

Some interesting posts on Bloomberg

http://www.bloomberg.com/news/2015-01-14/iraq-to-d...

That's quite interesting considering the Iraq government is pro Iran.

Meanwhile in Iran

http://www.bloomberg.com/news/2015-01-15/iran-s-bu...

Hmmm

Saudia Arabia has about 5 aces in it's hands at the momemnt. They have such a massive pile of money to hand from previous years they can afford to be the main player who is not got going to fold.

Iraq doesn't really care either as just coming out of their bad last decade any money is good money. Kuwait is not going to suffer too much either.

However certain South American states, Iran with it's isolation and Russia will be suffering.

As will the USA. A lot of shale companies borrowed a lot of money assuming they would get $100 per barrel. Canada sands are at risk too.

The Saudi's have played a blinder on this. They put away during the 7 fat years and now are making the 7 thin years.

All the talk in the last 18 months was Russia cutting off gas supplies to Europe. I guess they will not be too keen on that now

[J4CKO]

I wonder if the US government will subsidise US Oil production as it is cheaper than invading anyone ?

[DrDoofenshmirtz]

103.9 at ASDA/Wall Mart Milton Keynes.

[Vipers]

Privately owned station on the A90 northbound towards Stonehaven are still charging 139 odd, refuse to lower the price, if they do they say, it will result in redundancies.

Err, at those prices you won't sell any fuel.





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