Fuel up/down again
- Thread starter [TW]Fox
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Soldato
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Momentum 99 from Tesco's near me £1.369, standard UL £1.329
Fill 50 litres in one Shell, drive to the next with another voucher and fill 30 more - winning
Fill 50 litres in one Shell, drive to the next with another voucher and fill 30 more - winning
For those of us north of aberdeen take note. The company I work for owns 3 Shell supplied garages in the north east of scotland and we have just been told by shell that they will be putting a 7.5p/L extra charge for delivery due to the extra distance the fuel has to come now. (they no longer seem to keep all their fuel in aberdeen)
Obviously the excess charge will be passed onto the pump making fuel that is already around 7p/L more expensive than in the city itself now 14.5p more!
My boss wasn't at all happy as many people already complain how much more expensive fuel is compared to even the supermarkets in a nearby town, so he decided to invite the local papers journalist in to look at the invoices for the cost of buying fuel in versus the selling price to prove that usually there is less than 1p/L profit.
Seems like we will be changing to BP now, and i'd imagine if Shell's at this with our rural area's others may follow suit, so beware all you Vpower users!
Obviously the excess charge will be passed onto the pump making fuel that is already around 7p/L more expensive than in the city itself now 14.5p more!
My boss wasn't at all happy as many people already complain how much more expensive fuel is compared to even the supermarkets in a nearby town, so he decided to invite the local papers journalist in to look at the invoices for the cost of buying fuel in versus the selling price to prove that usually there is less than 1p/L profit.
Seems like we will be changing to BP now, and i'd imagine if Shell's at this with our rural area's others may follow suit, so beware all you Vpower users!
http://www.zerohedge.com/news/who-wants-highest-crude-oil-price-presenting-opec-cost-curve
Right then, time to start pedalling.
ZeroHedge said:
Right then, time to start pedalling.
Soldato
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OPEC generally has a target of 100 a barrel now because the dollar is worth less to them. The price is highest for thirty years but the value is lower alledgely
If we take oil futures against say corn futures, its not that they force the price of oil up but the price of everything is going up ie. the value of cash is dropping and opec wants more etc. As a ratio'd cost oil is not rising
Futures have been around hundreds of years for farmers crops, its not the reason why for a price to rise
Bad economic data promotes the idea of more QE. Which makes people dump cash in favour of the oil as cash has a higher supply then.
If we take oil futures against say corn futures, its not that they force the price of oil up but the price of everything is going up ie. the value of cash is dropping and opec wants more etc. As a ratio'd cost oil is not rising
Futures have been around hundreds of years for farmers crops, its not the reason why for a price to rise
Soldato
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I paid 141.9 for V-Power yesterday in London.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
This is true but the latest rally is not OPEC supply driven (Well, unless you count the Iranian thing but thats not a new factor and was present when we hit $89 a month or so back).
It's purely speculation on things like QE and what might happen, not fundamentals driven.
I wonder what the oil price would be if there was a requirement to take physical delivey of any crude futures you purchased, limiting involvement in the crude market to only people who actually.. want crude.
Caporegime
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It'll probably take years.
Give it a couple of weeks and you will start to see the diesel climb again and unleaded stay or even go down.
Dv is currently only 3ppl more on platts than unl.
The investigation is due to report in January, same time as the fuel tax increase..that's handy isn't it
Most of the pump breakdowns show 5-7ppl going to retailing, the oil companies will get between2-4ppl now leaving the site 1-5pp gross profit.
The investigation is also focusing on why at certain times oil majors and supermarkets can sell fuel below what some independent sites even buy it in for.
Dv is currently only 3ppl more on platts than unl.
The investigation is due to report in January, same time as the fuel tax increase..that's handy isn't it
Most of the pump breakdowns show 5-7ppl going to retailing, the oil companies will get between2-4ppl now leaving the site 1-5pp gross profit.
The investigation is also focusing on why at certain times oil majors and supermarkets can sell fuel below what some independent sites even buy it in for.