BB I think you missed the Short trousers thing ie in 1973 you were still at primary school😉😉
Well they bumped the price up last night ... £1.62.... Local paper reporting a garage nr Edinburgh £2.00 a litre.... 20p above the fluid average price... Shocking !!!
GAS ...
TBH I think a lot of garages are ripping us off as the cost of the oil has risen for oil still at sea and probably has not landed in the UK. Secondly how can there be up to a 15p difference in cost for the same brand and within less than 6 miles of one another?
Just to add that the Tesco is 20p cheaper than the Esso station 6 miles away selling at £1.77
Yes, thanks, for us it has been a mild cold, I have to get out and fill up the Motorbike, with fuel, and I normally use "Super" so that will be about £30.I hope you are on the road to recovery
Even before this latest round of price increases there was discussion that fuel retailers were pricing at profit margins that were twice the norm pre pandemic. Guess they wanted/needed to recoup 18 months of poor business as many also rely on sales from the shop, be it supermarket or just a petrol station. I once attended a course and recall a professor from LBS telling us that when bidding for contracts price at the highest price that you think will win the business.
Blame Walmart - for many decades their Asda subsidiary acted as a price brake on the whole industry and kept prices competitive although they obviously fluctuated due to outside factors - in February 2021, Walmart sold most of their holding in Asda to the Issa brothers who also own Euro Garages (EG Group) who are a major business in UK fuel forecourts and no longer keep prices low and are a major reason for the increase in prices over the last year.
Lets presume you are in business selling fuel. You have several thousands of liters in your tanks that cost you £X. however prices are rising and you estimate your fuel stocks are going to last 7 days, but it is predicted that the cost of fuel in a week will rise to 1.5X. But you profit margin will not be sufficient to purchase the fuel you need. What do you do? You have to put up the price of the fuel you have.
Its not necessarily a ripoff.
However the cost variation between nearby stations especially from the same brand is a bit of a mystery. Except that some forecourts do have significantly higher fixed costs that need to be covered. For example the franchises for motorway services forces fuel to be priced higher.
Its not necessarily a ripoff.
However the cost variation between nearby stations especially from the same brand is a bit of a mystery. Except that some forecourts do have significantly higher fixed costs that need to be covered. For example the franchises for motorway services forces fuel to be priced higher.
Prices seem to be up and down like a yo yo here. Saw £155.9 for petrol at Tesco , it had been there part of last week and then reached £159.9 and now it is back down to £156.9 Very competitive round here though and £161.9 seems top be the top.
It was reported one garage in Edinburgh tried £199.9 but as a nearby garage was £179.9 it was doubtful if they sold a lot.
It was reported one garage in Edinburgh tried £199.9 but as a nearby garage was £179.9 it was doubtful if they sold a lot.
We have two independent Esso sites operated by the Asda linked group mentioned above. Despite being only half a mile apart they are rarely the same price. But the Tesco Esso again within a very short distance from the other two is always a couple of pence dearer. It’s our Sainsbury and Morrisons that are cheapest and if they reduce the price the Esso ones tend to follow suit.
Sorry although I understand that you are trying to defend escalating costs, I don't buy into that excuse as hardly any garage pays upfront for fuel. How do they know the price will not come down as price is determine virtually on delivery?
Yes the huge cost difference between stations using the same brand may be a mystery, but IMHO they are taking advantage of the public and pushing up prices unnecessary. After all a 5p difference in price between two Esso stations that are less than 1/4 mile apart is very strange. However at the higher priced Esso, if you trade 300 Nectar points you get 5p off a litre! Hmmm!
Damian
Moderator
One garage at East Cowes on the Isle of Wight is charging £201.9 or diesel.
The garage owner says he has plenty of it !!!!
Just to make it clear the price is 201.9p per ltr
The garage owner says he has plenty of it !!!!
Just to make it clear the price is 201.9p per ltr
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As at last week Asda North Wiltshire we’re cheaper than the rest. Yet Tesco Swindon is consistently 10p cheaper than Tesco Cirencester. I see your point Prof but in practice fuel is a commodity sold by the barrel on a given day, say three months into the future. What you buy today probably cost 15% less than you pay. And why are motorway services such a rip off? The freehold is owned by HMG who charge high rents encouraging the lessee to charge inflated prices 🤬
Motorway service area prices are so high because it's a distress purchase for anyone paying full price - the vast majority of their fuel customers use fuel cards which gives much lower contract pricing.
I had thought, given we are now "time short" [an age thing] we would be silly to let the amount we leave for inheritances etc, really impact what we spend doing what we can whilst we can, but habits of a lifetime still seem to come in, if not dominate.
Now with the next village's Shell at £1.679 per litre, some £ 7.63 per gallon, or £36.34 per 100 towed miles, doing just a three nighter weekend is starting to impact.
We will simply have to stay longer, so THSs rather than rallies.
Now with the next village's Shell at £1.679 per litre, some £ 7.63 per gallon, or £36.34 per 100 towed miles, doing just a three nighter weekend is starting to impact.
We will simply have to stay longer, so THSs rather than rallies.
When I first started driving in the sixties, a gallon of fuel was 2/6d and we thought it was expensive!
In real terms it was probably more expensive than todays prices. My dad and friends could only afford to take their cars out at weekends, and even then ( (1950s) most trips were quite short into the countryside for a picnic. Occasionally a longer trip to the Peak District for a day, and the single two week holiday to the coast. Perhaps things today aren’t that bad?
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