Petrol prices- when does the madness end?

[djc206]

ingenieur said:

You probably can as the pandemic was only a couple of years ago and fuel prices plummeted at that point. Ours was down to 99p for unleaded.

I remember it well. Friends in Louisiana were paying 99c per US gallon at that time, worked out at about 22p per litre. Crazy times.

[Uncle Meat]

Roman Rhodes said:

Different dates. Obviously a price decrease after the 15th

Nope, I was there a few weeks ago and it was definitely 10p difference then

ashleyman said:

Please go and take a photo. I have 100% seen them with a difference that’s not 7p per litre.

I'll take a photo next time I'm there - although it seems like you're agreeing with me above!

[NFT]

No idea why but my local cashier thinks petrol's going up next week,

I'm just gonna have to find a new overnight joy with the right combination of smooth straights, curvature and satisfying sounds closer to work.

Hard times.

Edited by NFT on Saturday 18th March 22:45

[hotchy]

Captain Answer said:

149.9 for diesel and 141.9 for petrol at Costco near me now - can't remember last time it was so cheap

Yet our costco is 136.9. Why is there such variance across the UK? My locals are 144.7 or 145.7 yet drive further up north and all the garages are 141.7 or below. It's never been so random before.

[djc206]

NFT said:

No idea why but my local cashier thinks petrol's going up next week,

I'm just gonna have to find a new overnight joy with the right combination of smooth straights, curvature and satisfying sounds closer to work.

Hard times.

Edited by NFT on Saturday 18th March 22:45

Odd, crude oil has dropped by more than 10% in the last week and the £:$ rate has been steady. Prices should drop by a few pence.

[Den Den]

808 Estate said:

Still £1.65 for diesel here.

The robber barons round my way are still taking the piss at £1.69

[Court_S]

Uncle Meat said:

Amersham is 10p difference for some reason, any others I have used have always been 7p difference.

I paid £158.9 for Momentum on Monday in Ashby. The regional variations are really showing these days.

[DonkeyApple]

hotchy said:

Captain Answer said:

149.9 for diesel and 141.9 for petrol at Costco near me now - can't remember last time it was so cheap

Yet our costco is 136.9. Why is there such variance across the UK? My locals are 144.7 or 145.7 yet drive further up north and all the garages are 141.7 or below. It's never been so random before.

7 separately owned and geographically located domestic refineries in the U.K. that are randomly allowed to levy global wholesale pricing.

There is a simple solution which involves starting with the weakest one, for example Big Jim's and having a quiet governmental word in his ear.

Unfortunately, the releasing of the refiners to charge based on global, free market pricing was sensible at the time all those years ago but should have changed as the world changed.

[anonymous-user]

DonkeyApple said:

hotchy said:

Captain Answer said:

149.9 for diesel and 141.9 for petrol at Costco near me now - can't remember last time it was so cheap

Yet our costco is 136.9. Why is there such variance across the UK? My locals are 144.7 or 145.7 yet drive further up north and all the garages are 141.7 or below. It's never been so random before.

7 separately owned and geographically located domestic refineries in the U.K. that are randomly allowed to levy global wholesale pricing.

There is a simple solution which involves starting with the weakest one, for example Big Jim's and having a quiet governmental word in his ear.

Unfortunately, the releasing of the refiners to charge based on global, free market pricing was sensible at the time all those years ago but should have changed as the world changed.

Doesn’t really answer the question and the idea of a seller “charging” into a free market is questionable. Don’t know what you mean about “quiet governmental words”.

At the retail end that is being talked about the variations will be largely due to the frequency that the price changes in the supply contract and local competition. All retailers will be looking to optimise profit.

[Saleen836]

Roman Rhodes said:

Uncle Meat said:

acme said:

rainmakerraw said:

It would have been 145.9 the last time you went, too. Tesco are always 7ppl more for 99 than 95, company wide. It's been between 143.9 and 145.9 for a fair while here. Shell are 158.9 and Texaco 160.9 for comparison.

I thought the same too re 7p difference, but last time I went to Tesco Saffron Walden it was 9p, yet another example of them taking the pi**

Amersham is 10p difference for some reason, any others I have used have always been 7p difference.

Different dates. Obviously a price decrease after the 15th

Until last week there was a 10ppl difference in diesel cost between my 2 nearest Tesco!

[Flumpo]

Den Den said:

808 Estate said:

Still £1.65 for diesel here.

The robber barons round my way are still taking the piss at £1.69

Same here in my part of Leeds, I’m down south on Tuesday so will top up there.

[Saleen836]

Checked today for diesel and my local Morrisons 175.9 Esso 176.9 and 2 local BP garages 3 miles apart are 178.9 and 166.9

[Philvrs]

NFT said:

No idea why but my local cashier thinks petrol's going up next week,

I'm just gonna have to find a new overnight joy with the right combination of smooth straights, curvature and satisfying sounds closer to work.

Hard times.

Edited by NFT on Saturday 18th March 22:45

Is your local cashier thinking that the fuel duty cut is ending? It was going to, but it got extended again in the budget last week.

[D4rez]

djc206 said:

Odd, crude oil has dropped by more than 10% in the last week and the £:$ rate has been steady. Prices should drop by a few pence.

Oil price is for futures so you wouldn’t see any wholesale petrol price benefit till next month at the earliest

[djc206]

D4rez said:

Oil price is for futures so you wouldn’t see any wholesale petrol price benefit till next month at the earliest

Quite but equally why would prices rise following a period of stability heading into a steep decline?

[ashleyman]

Uncle Meat said:

Roman Rhodes said:

Different dates. Obviously a price decrease after the 15th

Nope, I was there a few weeks ago and it was definitely 10p difference then

ashleyman said:

Please go and take a photo. I have 100% seen them with a difference that’s not 7p per litre.

I'll take a photo next time I'm there - although it seems like you're agreeing with me above!

I am agreeing with you. Others seem to think it's always a 7p difference but I know I have seen otherwise. And it seems you have also.

[Uncle Meat]

ashleyman said:

I am agreeing with you. Others seem to think it's always a 7p difference but I know I have seen otherwise. And it seems you have also.

Ah got it now, anyway, got a top-up there yesterday so here's the photo as promised :-)

[75Black]

Driving on my way to work this morning, all the petrol prices seemed to have been unchanged, was a pleasant surprise when I pulled up to the Sainsbury's near work in Watford and diesel was 162, down from 164. I was planning to use my Costco card to fuel up at lunch but I'm too lazy.

[rainmakerraw]

Uncle Meat said:

Ah got it now, anyway, got a top-up there yesterday so here's the photo as promised :-)

That's disappointing if not an error. It used to be, M99 was 5ppl more expensive than 95 RON and that was across all stores. Then a couple of pence variation set in, and was ultimately replaced by 7ppl increase for M99. Now it seems the creep is happening again.

Still miles cheaper than Shell, Texaco or Esso et al. for 99 RON so I'm not complaining too much. Shell and Texaco 99 RON are 158.9 and 160.9 local to me, so Tesco is still a veritable bargain in comparison. I filled up with M99 yesterday at 145.9, but even that is more expensive than the time before.

[acme]

Uncle Meat said:

Ah got it now, anyway, got a top-up there yesterday so here's the photo as promised :-)

As I noted previously in my experience it use to be 7pp too but has been 9 or 10 when I’ve occasionally looked. Due to the winter lay off I’ve not bought any for a few months.

So that’s at least three of us that have noticed the change, clearly a theme!