Petrol prices- when does the madness end?
Discussion
Roman Rhodes said:
Mr Spoon said:
There's no benefit to anyone in power for fuel prices to come down.
The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Not sure what your job is exactly but you have very limited knowledge of how fuel is priced (I'm assuming you're not on a wind-up).The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Roman Rhodes said:
CarCrazyDad said:
Mr Spoon said:
None of the forecourts are profiteering. None.
It is the major oil companies that control the supplied fuel price to this country. A forecourt making a few extra pence per litre is nothing in comparison to the tens of pence per litre the majors make by holding back supply, making allocation decisions.
It is however the forecourts that take the brunt of the public opinion. Think about it, they have to buy fuel off another business to resell. Forecourts are geographically supplied.
There is another thread about heating oil where I have posted a lot about this.
I'm sorry, but I patently disagreeIt is the major oil companies that control the supplied fuel price to this country. A forecourt making a few extra pence per litre is nothing in comparison to the tens of pence per litre the majors make by holding back supply, making allocation decisions.
It is however the forecourts that take the brunt of the public opinion. Think about it, they have to buy fuel off another business to resell. Forecourts are geographically supplied.
There is another thread about heating oil where I have posted a lot about this.
When the budget was announced and they said about dropping fuel by 5PPL, guess what my local petrol station did (It's a 3 minute walk away?)
IMMEDIATELY (well, I'm assuming so, as I walked down an hour after the announcement to get a paper and some milk) the prices were 5PPL higher than they were just that morning, as I had driven past said fuel station
I can't remember times and numbers exactly, but let's say for arguments sake it was 1,75,9 on the drive home at 10am
When the fuel cut was announced at 12PM, to be in place for 6PM or whatever time, after 12PM but before 6PM I walked to my local station , and the prices were suddenly 5PPL higher than they were
I also know this garage only updates fuel prices typically at midnight, as it's a 24X7 one and often if I find myself unable to sleep I will go to the gym late at night and stop by on the way back to get a protein shake - so I am reasonably friendly with them and one of the staff told me they update the prices every midnight
So yes, there is absolute profiteering going on !!
Unleaded cost has jumped 20ppl this week so you'll be seeing big increases at the pumps very quickly with the supermarkets (on their lag deals) following more slowly.
In addition the three local bench markers add influence to the price and it is highly unlikely any retailer would want to let fuel go out the door less than they paid.
If you recall the day of the announcement, just think to what happened to platts pricing, iirc it was a 6ppl jump.
craig1912 said:
m3jappa said:
today at a bp i saw unleaded for 1.90 and diesel at 1.85 up on the board.
Haven't seen petrol more expensive than diesel for years.
And yes it does seem to be creeping up again
Can’t be right, mistake surely as everywhere diesel is 15-20p dearer than unleadedHaven't seen petrol more expensive than diesel for years.
And yes it does seem to be creeping up again
craig1912 said:
m3jappa said:
today at a bp i saw unleaded for 1.90 and diesel at 1.85 up on the board.
Haven't seen petrol more expensive than diesel for years.
And yes it does seem to be creeping up again
Can’t be right, mistake surely as everywhere diesel is 15-20p dearer than unleadedHaven't seen petrol more expensive than diesel for years.
And yes it does seem to be creeping up again
Mr Spoon said:
Roman Rhodes said:
Mr Spoon said:
There's no benefit to anyone in power for fuel prices to come down.
The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Not sure what your job is exactly but you have very limited knowledge of how fuel is priced (I'm assuming you're not on a wind-up).The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Roman Rhodes said:
Mr Spoon said:
Roman Rhodes said:
Mr Spoon said:
There's no benefit to anyone in power for fuel prices to come down.
The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Not sure what your job is exactly but you have very limited knowledge of how fuel is priced (I'm assuming you're not on a wind-up).The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Mr Spoon said:
If you believe that then you do not have the knowledge you appear to claim to.
You made the claim, the onus is on you to provide the evidence.I'm happy to stick with mid-cif ex Rotterdam deals daily, sometimes weekly or in the case of supermarkets 2-3 weekly. Supplier add-on plus logistics and retailer margin. Most retailers use third party analysis of inputs (desired margin/volume, cost prices, competitor prices) to set their retail price. Clearly those on daily Platts deals will move up swiftly with the market, those on weekly - monthly deals can optimise profitability by increasing volume without sacrificing margin. Different story in a falling market.
Looking forward to hearing from you about these people who are plotting and scheming.
Roman Rhodes said:
Mr Spoon said:
If you believe that then you do not have the knowledge you appear to claim to.
You made the claim, the onus is on you to provide the evidence.I'm happy to stick with mid-cif ex Rotterdam deals daily, sometimes weekly or in the case of supermarkets 2-3 weekly. Supplier add-on plus logistics and retailer margin. Most retailers use third party analysis of inputs (desired margin/volume, cost prices, competitor prices) to set their retail price. Clearly those on daily Platts deals will move up swiftly with the market, those on weekly - monthly deals can optimise profitability by increasing volume without sacrificing margin. Different story in a falling market.
Looking forward to hearing from you about these people who are plotting and scheming.
Square Leg said:
Roman Rhodes said:
Mr Spoon said:
If you believe that then you do not have the knowledge you appear to claim to.
You made the claim, the onus is on you to provide the evidence.I'm happy to stick with mid-cif ex Rotterdam deals daily, sometimes weekly or in the case of supermarkets 2-3 weekly. Supplier add-on plus logistics and retailer margin. Most retailers use third party analysis of inputs (desired margin/volume, cost prices, competitor prices) to set their retail price. Clearly those on daily Platts deals will move up swiftly with the market, those on weekly - monthly deals can optimise profitability by increasing volume without sacrificing margin. Different story in a falling market.
Looking forward to hearing from you about these people who are plotting and scheming.
Roman Rhodes said:
Square Leg said:
Roman Rhodes said:
Mr Spoon said:
If you believe that then you do not have the knowledge you appear to claim to.
You made the claim, the onus is on you to provide the evidence.I'm happy to stick with mid-cif ex Rotterdam deals daily, sometimes weekly or in the case of supermarkets 2-3 weekly. Supplier add-on plus logistics and retailer margin. Most retailers use third party analysis of inputs (desired margin/volume, cost prices, competitor prices) to set their retail price. Clearly those on daily Platts deals will move up swiftly with the market, those on weekly - monthly deals can optimise profitability by increasing volume without sacrificing margin. Different story in a falling market.
Looking forward to hearing from you about these people who are plotting and scheming.
Have you ever heard of OPEC?
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