Fuel up/down again

[TW]Fox · 15 Jan 2016 at 12:02

Simon said:
It takes a while for oil to get from the ground to a fuel station

Takes even longer to shift it from a duel station if you charge more than everyone else

muon · 15 Jan 2016 at 12:12

Simon said:
It takes a while for oil to get from the ground to a fuel station

You also don't have to pass it on if people are willing to pay it or competition in the area is low.

[TW]Fox;29059243 said:
Takes even longer to shift it from a duel station if you charge more than everyone else

True but its just silly to cling onto your original supply cost when pricing.

muon · 15 Jan 2016 at 12:13

MissChief said:
Despite the price of oil being so low prices in my 'manor' from Shell and the BP that I never use have stayed resolutely above £1 a litre @ 101.9p. Only the local Sainsburys has it for under a pound. Last week the price went UP by a penny for a few days!

Surely that is still a massive 40p+ decline from its peak. Thats from a $60+ decline in oil.

You can't really expect much from a further $10 decline in oil.

Duke · 15 Jan 2016 at 13:01

Exchange rate isn't in our favour recently which is partly why prices have stayed the same or gone up a touch.

cadmunkey · 15 Jan 2016 at 13:54

Duke said:
Exchange rate isn't in our favour recently which is partly why prices have stayed the same or gone up a touch.

Good point, never even thought about $ fluctuations. Explains why my local station put prices up last week.

Uncle_Gravy · 15 Jan 2016 at 13:59

Local Sangers and Morrisons have been 99p since beginning of December, Hoping it continues to drop.

Jacksonn · 15 Jan 2016 at 14:01

Filled up last night.. 99.6 for diesel.. Lovely.

muon · 15 Jan 2016 at 18:01

BHP Billiton has written off 2/3rd of its investment in US Shale.

http://www.bbc.co.uk/news/business-35320918

Maybe some of these volatile commodities companies can get kicked off the FTSE100 if they fall far enough.

cadmunkey · 16 Jan 2016 at 11:35

muon said:
Maybe some of these volatile commodities companies can get kicked off the FTSE100 if they fall far enough.

Hope so, its a crap benchmark for our economy.

CaptainRAVE · 16 Jan 2016 at 11:48

Filling up yesterday and noticed the money and litre number being almost identical. Can't remember having seen that before.

LeeUK · 16 Jan 2016 at 18:32

CaptainRAVE said:
Filling up yesterday and noticed the money and litre number being almost identical. Can't remember having seen that before.

Filling up the other day @ 99.7p and noticed (almost) that the litre dial going quicker than the cost dial. Not had that since 2009.

antijoke · 18 Jan 2016 at 07:23

Bbc said this morning oil could drop even further meaning petrol prices reaching 86p a litre.....

adam cool dude · 18 Jan 2016 at 09:49

anticonscience said:
Bbc said this morning oil could drop even further with prices reaching 86p a litre.....

This could be true now sanctions over Iran have been lifted. They will most likely flood the market with even more oil! I am for one very happy at the moment with my fleet of petrol cars!

Simon · 18 Jan 2016 at 14:15

anticonscience said:
Bbc said this morning oil could drop even further with prices reaching 86p a litre.....

Oil prices are already well below 86p a litre

antijoke · 18 Jan 2016 at 14:16

Simon said:
Oil prices are already well below 86p a litre

Edited my post as I did mean petrol but can see how it was confusing.

6thElement · 10 Feb 2016 at 00:23

~24p/l near me at the moment

MissChief · 10 Feb 2016 at 00:59

Hmm. One of the Shell stations near me just put the price UP by 1p.

TBirdUK · 10 Feb 2016 at 01:16

just filled up at Esso for 97.9p/l in our local garage, they dropped their price as Asda was 97.9p/l. Petrol is 99.9p/l

Hope it stays this way

acemastr · 10 Feb 2016 at 04:15

$1.68

Cost me under $30 to fill up today from almost completely empty.

Diagro · 10 Feb 2016 at 15:25

acemastr said:
$1.68

Cost me under $30 to fill up today from almost completely empty.

Costs me £45 to fill up.... lol