Whats going on with fuel prices?!

[Mattp]

In december i was paying £1.14 per litre, then drove the Alfa for a few months, collected the QP from Grimaldis beginning of the month and £1.16... but filled up last night and was greeted with £1.22! 6p in a matter of 2 weeks!

 

[CatmanV2]

5p in a week at our local Tesco

C

 

[allandwf]

Blatant profiteering. If the price of oil rises or falls, the pump price only seems to go up until it reaches some mental barrier, then will stay static for a bit, then rise again.

 

[Doohickey]

That's cheap. I paid £1.27 for petrol this morning. Diesel even more expensive; which is blatant profiteering - strange the cost of diesel has increased much more then petrol as soot chuckers became more popular.

 

[FIFTY]

That is cheap where you are Matt... £1.30+ in Surrey

The other day I was thinking back to around 10 years ago when fuel ballooned up to nearly £1.50/L... Add in 10 years worth of inflation £1.30 is still not bad compared to back then

 

[Ceebeedeebee]

I assume these are all std unleaded prices? Decided to fill up with v-power after picking my car up from autoshield in manchester - £1.49.9 !!!!!!!!!! £97 to brim with 1/4 tank already in.

 

[doodlebug]

£1.44.9 for super unleaded for me, too. £121 to fill up yesterday and the fuel light had only just come on. Grim. Weirdly, around here at least diesel is about 3p cheaper than super unleaded.

 

[midlifecrisis]

What I don't understand is the price difference between supermarkets. Two Tescos in Bournemouth ALWAYS were different but around three miles away from each other. The more expensive one was easier for a tanker to get to from the Fawley refinery or another other refinery for that matter and the one just west of Westbourne was always 2-4p per litre cheaper. So the argument of transport costs is bull sh!t. Both Tescos were popular so why one should be different from the other is beyond me.

Anyway I use Petrolprices.com to check out which local filling station is cheaper.

 

[zagatoes30]

Supermarket prices are driven by local competition hence why they differ from place to place even across the same town, I filled the Giulietta in Aylesbury Tesco for 122.6, 10 miles down the road in Buckingham Tesco 124.9.

 

[cheshiremaserati]

Instead of V-Power for the Turbo, I always use Tesco Momentum 99 RON. Much cheaper than V-Power.

 

[safrane]

Its still less than a bottle of posh water.

 

[Felonious Crud]

Its still less than a bottle of posh water.

The stuff out the tap suits me perfectly well. The car, however, seems to prefer either Shell V-Power or Tesco Momentum, which is actually pretty good stuff (apparently).

 

[Mattp]

Its still less than a bottle of posh water.

This maybe soz but I tend not to drink 70 litres of posh water a week!!

But like FC, the stuff from the taps is cold, crisp and clean, if only petrol was that easy to access...

 

[allandwf]

We are lucky, Strathmore Spring is basically what comes out the taps here.

 

[lifes2short]

Diesel even more expensive

red diesel's fairly cheap

 

[MarkMas]

Blatant profiteering.....

Seems to be reflecting the underlying commodity price.

 

[rivarama]

Seems to be reflecting the underlying commodity price.

View attachment 56202

That’s exactly what it is. Check the futures on Brent.
The only real profiteering is the government taxing the **** out of it.

 

[Ewan]

Bad planning and a rush to get to the airport meant I had to fuel up at Fleet services on the M3 the other day. £1.56 per lt for diesel! (No, I’ve not bought a modern Ghibli. I was in the Rangie.)

 

[allandwf]

That’s exactly what it is. Check the futures on Brent.
The only real profiteering is the government taxing the **** out of it.

It does and it doesn't. If the Crude price drops steeply I have seen petrol rise as a consequence.

 

[rivarama]

It does and it doesn't. If the Crude price drops steeply I have seen petrol rise as a consequence.

Please enlightened me / document that claim as I have never seen that causality - clearly the market would not let that happen outside of days outliers (probably as a result of daily supply issues on processed stock or individual retailer end of promotion period etc...)
Don’t mean to be geeky or rude, but being quite close (understatement) to commodity markets, I can assure you that the oil market is one of the mostly perfectly arbitraged markets