Petrol prices- when does the madness end?
Discussion
pocketspring said:
Why do people still put .9p? There's no such thing and the government should really be telling the companies to stop it.
It's the job of parents. It's up there with butt wiping as a really basic life skill. Most can work it out but for those that can't, it's the responsibility of their parents. pocketspring said:
Not for pence, no.
Would you believe that most people tend to buy more than 1L of petrol, sometimes even more than 10L at the same time.Those fractions of pennies that do very much exist add up to 10L of fuel at 179.9p per litre costing £17.99 as advertised rather than £18
I filled up at a BP station yesterday. They were advertising BP Ultimate as "Protection Grade".
So what are they trying to say there? "Oo, don't use our cheap, s
ty, watered down petrol because it could damage you engine. Better to use our super-duper engine protection grade petrol instead".
So trying to scare people into buying the more expensive stuff that they don't actually need.
So what are they trying to say there? "Oo, don't use our cheap, s
ty, watered down petrol because it could damage you engine. Better to use our super-duper engine protection grade petrol instead".So trying to scare people into buying the more expensive stuff that they don't actually need.
Following Shells record profits. No profiteering here… nothing to see…
https://www.bbc.co.uk/news/business-62382624
https://www.bbc.co.uk/news/business-62382624
snuffy said:
I filled up at a BP station yesterday. They were advertising BP Ultimate as "Protection Grade".
So what are they trying to say there? "Oo, don't use our cheap, sty, watered down petrol because it could damage you engine. Better to use our super-duper engine protection grade petrol instead".
So trying to scare people into buying the more expensive stuff that they don't actually need.
A wild guess would be that market research has shown that during this economic squeeze words like 'protection' work better as the last thing the consumer can afford is the engine blowing up 2 miles down the road because of using a competitor fuel that doesn't offer protection?So what are they trying to say there? "Oo, don't use our cheap, s
ty, watered down petrol because it could damage you engine. Better to use our super-duper engine protection grade petrol instead".So trying to scare people into buying the more expensive stuff that they don't actually need.
One has to assume that the plan isn't to have customers leaping to the conclusion that the scummer, fuel for poor people next to it doesn't protect but rather that during an economic squeeze customers who like to pay a premium for magical unicorn juice to be added to normal, peasant's petrol will want a fuel that protects their engine from exploding and be focussing less on maxing their opti?
Or maybe the properties of the word 'protection' ring a squeeze will inhibit the customers for premium from downgrading to non premium and therefor already inferior fuel.
Anyway, BP have just posted massive quarterly profits from their production business so I suspect people will be more focussed today on why they can't take that money and pay off their debts with it because it's unfair or some such.
sat1983 said:
I'm seriously starting to worry about the affordability of fuelling petrol cars.
Are our cars going to worth pennies soon? Is it another way of getting us into buying an electric car?
Indeed it is yet another form of control, like we have seen in so many other arenas of the country. Are our cars going to worth pennies soon? Is it another way of getting us into buying an electric car?
My son in law works in the oil industry (paid silly money too) and said that £2 a litre was always the line in the sand that we'd not have to cross. The idea now is that it will come down in dribs and drabs to maybe £1.75, BUT having conditioned us to accepting £2 a litre we will think we are doing ok. The real price today should be £1.25 based on the cost of a barrel of oil.
Yes there is also something in it to get us to drive electric cars which overall are just as dirty and come with several massive downsides. We had a Leaf for 3 months and couldn't wait to change it for the Audi A1 she now owns. I tried a few electric saloons and chose a 1 year old BMW M340D, a simply fabulous car.
wiliferus said:
Following Shells record profits. No profiteering here… nothing to see…
https://www.bbc.co.uk/news/business-62382624
It's interesting how the BBC are attempting to link the profits of BP from extraction somehow to the cost of a household utility bill. https://www.bbc.co.uk/news/business-62382624
What's your opinion as to why the journalist would be seeking to link two different things that they know aren't connected because they went to university and are educated?
Electrics not for me said:
Indeed it is yet another form of control, like we have seen in so many other arenas of the country.
My son in law works in the oil industry (paid silly money too) and said that £2 a litre was always the line in the sand that we'd not have to cross. The idea now is that it will come down in dribs and drabs to maybe £1.75, BUT having conditioned us to accepting £2 a litre we will think we are doing ok. The real price today should be £1.25 based on the cost of a barrel of oil.
Yes there is also something in it to get us to drive electric cars which overall are just as dirty and come with several massive downsides. We had a Leaf for 3 months and couldn't wait to change it for the Audi A1 she now owns. I tried a few electric saloons and chose a 1 year old BMW M340D, a simply fabulous car.
It wouldn't be the first time that folk in the oil industry displayed no real understanding of the mechanics of commodity pricing within their own industry. I recall being up in Aberdeen during the last big spike in the price of oil and all the workers were religiously regurgitating the 'peak oil' mantra and that this was it. My son in law works in the oil industry (paid silly money too) and said that £2 a litre was always the line in the sand that we'd not have to cross. The idea now is that it will come down in dribs and drabs to maybe £1.75, BUT having conditioned us to accepting £2 a litre we will think we are doing ok. The real price today should be £1.25 based on the cost of a barrel of oil.
Yes there is also something in it to get us to drive electric cars which overall are just as dirty and come with several massive downsides. We had a Leaf for 3 months and couldn't wait to change it for the Audi A1 she now owns. I tried a few electric saloons and chose a 1 year old BMW M340D, a simply fabulous car.
Yes, consumers have now seen 200p and it's basic phycology that as you break new highs in any form of pricing the end consumer, without realising they're doing so, changes their own perception of value.
Taking this effect and actually attempting to argue that an entire global industry is in collusion on pricing is stupid. As stupid as trying to promote a belief that the oil industry is artificially inflating the price of petrol so that another industry can sell more EVs and they sell less oil!!
And as for that £1.25? Correct. Assuming all things were equal such as Cable which has plummeted in value and driven the Sterling cost much higher or that there are no additional environmental costs to petrol production etc.
I'm still seeing very little movement on fuel prices local to me - despite seeing lots of people here quoting 160-170, unleaded is still high 180's here. My nearest garage, albeit a profiteering Euro Garage branch, is still listing 193.9 for petrol, and has held diesel at 199.9 ever since it peaked. The supermarket nearby isn't a lot better. Bizarre given it's not a particularly popular area, nowhere near a motorway junction etc. but also not a rural, middle-of-nowhere situation. And yet somehow I still see lots of people using them even when a much cheaper option is just a mile away 
(does have a Greggs though - that's one costly sausage roll).
(does have a Greggs though - that's one costly sausage roll).RenesisEvo said:
I'm still seeing very little movement on fuel prices local to me - despite seeing lots of people here quoting 160-170, unleaded is still high 180's here. My nearest garage, albeit a profiteering Euro Garage branch, is still listing 193.9 for petrol, and has held diesel at 199.9 ever since it peaked. The supermarket nearby isn't a lot better. Bizarre given it's not a particularly popular area, nowhere near a motorway junction etc. but also not a rural, middle-of-nowhere situation. And yet somehow I still see lots of people using them even when a much cheaper option is just a mile away (does have a Greggs though - that's one costly sausage roll).
Yup. Joys of being in the middle of England. I'm heading into London today and the BP at Peartree roundabout looks to be about where pricing is at 182 but I think the Sainsburys up by the station there is 179. (does have a Greggs though - that's one costly sausage roll).Traditionally the premium around here has always been assigned to the additional delivery cost and that it's equidistante to the nearest refineries:
This is one area where hopefully the report in pricing will shed some light and maybe even present a fuel duty discount option for more remote areas where the local population tent o both need their car more but also have lower incomes. A bit difficult to argue for Oxford though.
DonkeyApple said:
Yup. Joys of being in the middle of England. I'm heading into London today and the BP at Peartree roundabout looks to be about where pricing is at 182 but I think the Sainsburys up by the station there is 179.
Traditionally the premium around here has always been assigned to the additional delivery cost and that it's equidistante to the nearest refineries:
I guess that's why Hereford seems to be a bit more competitive these days (unless you're Asda)...Traditionally the premium around here has always been assigned to the additional delivery cost and that it's equidistante to the nearest refineries:
DonkeyApple said:
RenesisEvo said:
I'm still seeing very little movement on fuel prices local to me - despite seeing lots of people here quoting 160-170, unleaded is still high 180's here. My nearest garage, albeit a profiteering Euro Garage branch, is still listing 193.9 for petrol, and has held diesel at 199.9 ever since it peaked. The supermarket nearby isn't a lot better. Bizarre given it's not a particularly popular area, nowhere near a motorway junction etc. but also not a rural, middle-of-nowhere situation. And yet somehow I still see lots of people using them even when a much cheaper option is just a mile away (does have a Greggs though - that's one costly sausage roll).
Yup. Joys of being in the middle of England. I'm heading into London today and the BP at Peartree roundabout looks to be about where pricing is at 182 but I think the Sainsburys up by the station there is 179. (does have a Greggs though - that's one costly sausage roll).Traditionally the premium around here has always been assigned to the additional delivery cost and that it's equidistante to the nearest refineries:
[Img]http://www.eni-italy.info/ENI_Web/OilRefineries/UK-Oil-Refineries_files/refinery_map.gif[/thumb]
This is one area where hopefully the report in pricing will shed some light and maybe even present a fuel duty discount option for more remote areas where the local population tent o both need their car more but also have lower incomes. A bit difficult to argue for Oxford though.
Of course, if we are talking miles and miles south of Brum, different issues may apply. But you’ve got Northampton, Hemel etc competing for that kind of envelope inland.
Edited by Jawls on Tuesday 2nd August 10:30
Edited by Jawls on Tuesday 2nd August 10:42
snuffy said:
I filled up at a BP station yesterday. They were advertising BP Ultimate as "Protection Grade".
So what are they trying to say there? "Oo, don't use our cheap, sty, watered down petrol because it could damage you engine. Better to use our super-duper engine protection grade petrol instead".
So trying to scare people into buying the more expensive stuff that they don't actually need.
Protection grade certainly used to be a quasi technical term for low ethanol material on case there was issues with dosing etc (and also in case there were ethanol sensitive engines). You can stick your 97 in a 95 bulk tank without breaking anything, can’t do it the other way around. Hence the 97 was a protection grade. So what are they trying to say there? "Oo, don't use our cheap, s
ty, watered down petrol because it could damage you engine. Better to use our super-duper engine protection grade petrol instead".So trying to scare people into buying the more expensive stuff that they don't actually need.
Edited by Jawls on Tuesday 2nd August 11:07
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