Petrol prices- when does the madness end?
Discussion
DonkeyApple said:
Technically, they're just testing another company's hydrogen engine, doing some PR and claiming some government grants. In reality, Bamford is investing in his mate's hydrogen business in Aus for the carbon credits that JCB will need to be buying to reach carbon neutrality.
I'm intrigued. Which other company develops and supplies JCB's hydrogen (and diesel) engines? DonkeyApple said:
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?
Just like the Governments, they have to get their money back from somewhere and the UK is one of the easiest places to get it from.
Jawls said:
I’m not so convinced by the popular wisdom there, at least for anything around Birmingham. You have more than one pipe connection into the Kingsbury area and also a pipe to Esso Birmingham. At wholesale level, midlands traditionally a dumping ground with extremely aggressive price competition due to ease of getting molecules there. Leads to refiners sacrificing margins.
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.
Might be reading your post the wrong way so forgive me if I am but are you saying prices should be more competitive around that area?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
I'm in Northampton and most garages are around the £1.93/£1.94 mark for diesel including Wellingborough, and anything around that area. I've only seen one station selling diesel under £1.90 which was in Buckinghamshire, including on a trip to the Cotswolds a few weeks ago. Problem is you have to pay it, unable to work from home but it's almost doubled my commuting costs.
e-honda said:
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
Nope, most people put in 10 quid, 15 quid etc. You pop to the fuel station, put three litres in then as for your change in decimal point. 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
The Hypno-Toad said:
DonkeyApple said:
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?
Just like the Governments, they have to get their money back from somewhere and the UK is one of the easiest places to get it from.
bigothunter said:
I'm intrigued. Which other company develops and supplies JCB's hydrogen (and diesel) engines?
You’d think it would be well known if that was the case, wouldn’t you? Every piece I’ve read state the engine is based on JCBs existing diesel max 448 engine with a modified top end, all developed and built in JCBs engine factory in Derbyshiresideshowfred said:
Jawls said:
I’m not so convinced by the popular wisdom there, at least for anything around Birmingham. You have more than one pipe connection into the Kingsbury area and also a pipe to Esso Birmingham. At wholesale level, midlands traditionally a dumping ground with extremely aggressive price competition due to ease of getting molecules there. Leads to refiners sacrificing margins.
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.
Might be reading your post the wrong way so forgive me if I am but are you saying prices should be more competitive around that area?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
I'm in Northampton and most garages are around the £1.93/£1.94 mark for diesel including Wellingborough, and anything around that area. I've only seen one station selling diesel under £1.90 which was in Buckinghamshire, including on a trip to the Cotswolds a few weeks ago. Problem is you have to pay it, unable to work from home but it's almost doubled my commuting costs.
But some major caveats.
1. Wholesale pricing differentials are small. Refiners will measure margins in dollars per tonne. It’s a volume game. So you ain’t gonna see huge differentials at retail level purely due to this; even if you live arse end of nowhere miles from any terminal
2. Retail pricing will be much more influenced by local competitive factors. Eg. If there are lots of sites near each other. Or how good the store is (and so how much convenience store margin you might get etc). Or the need to generate cashflow short term etc. Years since I’ve been in central Northampton so I can’t comment there.
None of this is something I fret about. I generally fill up at the station closest to my house. The price is the price.
Edited by Jawls on Tuesday 2nd August 21:43
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