Deleted
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Post by Deleted on Mar 15, 2022 21:51:45 GMT
From the BBC.....
"The Petrol Retailers Association, which represents independent forecourts, said it would expect prices to fall when fresh stock is delivered"
Yet prices were put up immediately, before new stocks had to be acquired.
"Gordon Balmer, the PRA's Executive Director, said forecourts bought from suppliers based on a price with one or two days' lag, or in some cases a week's lag. This means it can take a few days for wholesale prices to filter through to the pumps."
Seemingly only if that involves the price going down.
The PRA is an utter POS, I remember their behaviour in the pretend fuel shortage last autumn. Awful group.
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Rob
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Post by Rob on Mar 15, 2022 23:16:11 GMT
Indeed prices go up on fuel already purchased and delivered. That is plainly wrong and the petrol stations are taking advantage.
The price of both petrol and diesel has gone up a lot over the weeks. Both petrol and diesel has been unavailable at the local Tesco. I suspect when there's diesel (say tomorrow) the cost will have not gone down.
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WDB
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Post by WDB on Mar 16, 2022 9:50:35 GMT
Market forces, innit? Retailers charge what they think they’ll get.
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bpg
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Post by bpg on Mar 16, 2022 10:10:33 GMT
I was thinking the same thing, how we are happy for two people to buy the same car and pay different prices to the tune of thousands but god help anyone adjusting petrol prices and taking advantage of a situation. That's capitalism isn't it ? Ethics don't come in to it.
It often pays me to drive past the fuel station on the way home, have dinner with the family, catch up on the news, whatever needs to be done, go out a few hours later and save between 4 and 6 €/tank. Taken in isolation you think why bother, over the course of 10 months and six fill ups/month the savings pay for the road tax.
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Post by Humph on Mar 16, 2022 12:48:57 GMT
Jeez, and I thought the Scots were tight!
🤪
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bpg
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Post by bpg on Mar 16, 2022 13:05:22 GMT
'Free' road tax is not to be sniffed at.
Scotland v Israel football match with a German referee. Who gets the coin ?
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Post by EspadaIII on Mar 16, 2022 13:14:05 GMT
Depends who is listening to the question....
The Scot would say the English
The Israeli would say the Palestinian
and
The German would say the Russian??
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WDB
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Post by WDB on Mar 16, 2022 15:19:45 GMT
Crikey! Is that the Focus? My last six fills take me back to 3 July. I’ve done 15 in total over the last two calendar years. Of course, it helps that there’s no road tax to pay on the i3. 🤓 |
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bpg
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Post by bpg on Mar 16, 2022 16:09:18 GMT
Yes, the RS needed a top up every four days. I'm hoping the ST can manage an extra day.
I used road tax as an example you could take your better half into London to a show/concert/theatre. Don't expect it would cover any kind of food.
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Deleted
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Post by Deleted on Mar 16, 2022 16:10:32 GMT
>>how we are happy for two people to buy the same car and pay different prices to the tune of thousands but god help anyone adjusting petrol prices and taking advantage of a situation. That's capitalism isn't it ? Ethics don't come in to it.
Oh I don't give a crap about the price manipulation. Capitalism, as you say. And hardly their fault that the average customer is a total plank.
It's the whining excuses and downright lies that piss me off.
a) we have to put up prices immediately oil prices go up to protect our members, it's not our fault.
b) we can't put prices down immediately because it takes a while for the cheaper oil to work through the system.
*That's* what winds me up. And doubly so that the media and the Daily Mail don't pull then up on it.
Just the same as last year when the PRA was doing all it could to prolong the high prices from the pretend shortage.
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bpg
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Post by bpg on Mar 16, 2022 16:37:54 GMT
It used to really hack me off too then I moved to Germany where the price changes every few hours then the whiney price manipulation didn't seem so important anymore. Buy an electric car and don't darken their doors again, unless you need a disposable BBQ.
Don't get me started on the media. Install NoScript on your browser and you start to see a pattern to the news sources.
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Post by EspadaIII on Mar 17, 2022 4:47:26 GMT
Unleaded went from £1.569 on Monday to £1.619 on Wednesday at Sainsburys. Someone is making a killing somewhere, not just Putin.
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bpg
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Post by bpg on Mar 17, 2022 7:33:10 GMT
I read somewhere, sorry can't remember where, there's a three week lag between spot prices and retail in which case there's probably another week or so of rises before they start to come down. I also read for every 7p on the price of fuel results in a 20p increase in the tax.
I think with two years of furlough and a war to pay for prices will not go down until the next GE when it will be offered as a bribe from a low tax government - hoho. If you feel poorer you are the magic money tree.
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WDB
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Post by WDB on Mar 17, 2022 7:56:27 GMT
I read somewhere, sorry can't remember where, there's a three week lag between spot prices and retail… That makes sense. The oil takes time to transport, refine and then distribute as fuel. What’s in the pumps today was bought as crude from a producer weeks ago. I also read for every 7p on the price of fuel results in a 20p increase in the tax. And that really doesn’t. There’s no mystery to tax on road fuel; it’s a flat 57.95p of duty and then 20 percent VAT on everything. 7p on the basic price of the fuel increases the tax by 1.4p. So even if the pump price settles 30p higher than before the war, the government’s increased tax take is limited to 5p. Multiply that by 50 billion litres a year in the UK and that’s £2.5bn — before we account for all the VAT refunded to commercial users. About £35 a head. Not a big number. |
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Post by Humph on Mar 23, 2022 22:12:34 GMT
I saw diesel at £1.99 a litre today at a motorway service area. But, I was perhaps ironically, or some kind of ically anyway, pleased to fill up this evening at our local Sainsburys at £1.71 a litre. Thanks Rishi, I think…🤔
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