Fuel up/down again

Lucero said:
[*]All branded Garages (whether franchised or not) should have the same fuel price nationwide. By this, I mean, all Shell garages are the same, all Esso garages are the same, all Tesco, Sainsbury's, etc.
Click to expand...

How can you possibly make a case for price fixing this blatant in a market economy?

It'd just end up in the cheaper places charging more and the expensive places charging less. Currently its possible to buy fuel for below the average pump price..
 
[TW]Fox;20573110 said:
When can we expect to see the more expensive diesel filter through to the market?

Must say it was pretty smug filling up with petrol in 2008 when the ecobores were paying 15p a litre more..
Click to expand...

The diesel is already here at the higher price.
What the market has done is to keep the 4-5p difference and make no margin or even a small loss on diesel and offset this with the high margin currently on unl. In 2008 in generally took until 10-12p difference before the market adjusted and diesel went to 15p difference on the polesign.

You can already find stations with 4p difference and some at 8p difference so this has already started to happen really.
 
Even more reason to hate diesel cars then? Unleaded users are subsidising the price of diesel?

Surely you'll get the odd filling station which will just sell them both at cost+profit margin, resulting in cheaper unleaded?
 
Random article I saw today talking about $200 oil, its about 100 now and price has risen 36% since the start of October

Where to Invest Before Oil Hits $200

China overtook America as the largest market for cars last year and still has fewer than 1 vehicle for every 200 people (and the country has more than a billion people).


I'm not saying we are on the verge of running out of oil -- we're just running out of cheap oil. It is becoming more and more difficult (and expensive) to find the stuff, and that's before you pump it out of the ground.
In 2007, Brazil made the largest oil discovery in 30 years -- and it was hailed as proof that God is Brazilian. These vast oil reserves -- estimated at 50 billion barrels -- could very well push Brazil into a new economic realm, but the oil is more than 6km below the surface of the ocean. It is going to take a lot of time and money -- estimates for exploiting these reserves come in trillions of dollars -- to make this oil dream a reality.

In the meantime, global demand continues to grow from today's 32 billion barrels per yea. And this is why I'm convinced oil climbing to $200 is our future.
Click to expand...


http://www.fool.co.uk/news/investin...ore-oil-hits-200.aspx?source=ufwflwlnk0000001
 
silversurfer said:
Random article I saw today talking about $200 oil, its about 100 now and price has risen 36% since the start of October
Click to expand...

Current price of a barrel of Brent on the ICE Futures exchange:

$110.80

Price of a barrel of Brent on the ICE futures exchange at 1st October:

$104.00

This is a rise of 6%. Not 36%.

Perhaps you are referring to the price of WTI - a blend of crude which has nothing to do with the price of fuel in either this country or, curiously, most of the US either. It's price is disconnected from market fundamentals as a result of oversupply in its landlocked delivery point.
 
Your correct there is disparity, I shouldnt state specifics when there is no exact correlation to pump prices and it does rely on location and refineries but the market interest and prices have risen in oil and will continue to do so I think

http://www.google.co.uk//finance?ch...=NYSEARCA:UNG&cmptdms=0&q=NYSEARCA:USO&ntsp=0

The second figure is USA natural gas showing a price drop of 15% over the same time, unfortunately UK gas bills are going up if anything but we do/can import some from USA at least

I do think $200 oil or whatever the UK equivalent would be is feasible in the next five years.
Pump prices could still drop for us if taxes did but somehow I rate that as the less likely scenario as this government currently runs a deficit and ironically Italy runs a surplus so there is no simple measure but imo prices are going to keep going up


The WTI measure has a local oversupply and UK has undersupply so far as I know
 
Last edited:
On an electric car yes, but i'm not sure what difference it would actually make in real terms.

I seem to remember a Honda advert from years ago with a car covered totally in solar panels, would be interesting to know how much charge you actually got out of them.
 
[TW]Fox;20581397 said:
It's price is disconnected from market fundamentals as a result of oversupply in its landlocked delivery point.
Click to expand...



Seems they are looking to release that oversupply with new pipelines hence the bigger movement in the WTI price recently to come closer to UK Brent Crude

http://www.theglobeandmail.com/repo...to-feed-gulf-coast-refineries/article2237941/

The Brent price looks to have gone roughly sideways for a zero gain for the year, as high as 127 in April and 109 now
 
Pays to shop around

Tried a different station today (still on my way, not a dedicated journey).

Shell: Regular 135.9, V-Power 147.9
Sainsbury's: Regular 130.9, Super 133.9

Yes, Sainsbury's Super is cheaper than Shell's normal.

The map on my car is for 98RON, and IIRC V-Power is 99 whereas Sainsbury's Super is 97, but for >10p saving and still being Super I'm gonna switch to Sainsbury's and let the knock sensor deal with the 1RON difference!
 
You must log in or register to reply here.
Back
Top Bottom