Random Irritations

[upsidedown]

The amazingly rapid increase in petrol and diesel prices at the pump.
Yes, I know that crude oil has increased dramatically, but surely there's no way that the new expensive oil has made its way to the refineries, been turned into petrol, and delivered to forecourts that quickly.
Can anyone with inside knowledge of the industry shed some light on it?

Domestic heating oil doubled in price too

 

[SteveW86]

The amazingly rapid increase in petrol and diesel prices at the pump.
Yes, I know that crude oil has increased dramatically, but surely there's no way that the new expensive oil has made its way to the refineries, been turned into petrol, and delivered to forecourts that quickly.
Can anyone with inside knowledge of the industry shed some light on it?

I always thought the selling price for the day was linked to the purchase price that day, not what that particular fuel was purchased at however many weeks ago

 

[Lord Tyrion]

The amazingly rapid increase in petrol and diesel prices at the pump.
Yes, I know that crude oil has increased dramatically, but surely there's no way that the new expensive oil has made its way to the refineries, been turned into petrol, and delivered to forecourts that quickly.
Can anyone with inside knowledge of the industry shed some light on it?

My first ever job was selling oil, to farmers, domestics, industry, local forecourts. I was based at a major NE storage depot. This is profiteering, pure and simple. Partly by the fuel stations, also possibly by the depots that they buy from.

Are we to believe that all of the fuel stations became empty and needed to be refilled? Nope.

The depots carry months worth's of fuel so even then, the more expensive fuel hasn't reached them yet. They may be upping the prices to the fuel stations but many fuel stations are in on this as well.

It's collective across the industry. Shameful but are we surprised?

For reference incidentally, I filled up at Tesco at Annan, Dumfries, today. £1.41 for diesel. There was a shell garage a few hundred metres away charging £1.50. I'm pleased to say the shell garage had no one filling up there.

 

[Lord Tyrion]

I always thought the selling price for the day was linked to the purchase price that day, not what that particular fuel was purchased at however many weeks ago

They charge what they can get away with locally, it's no more sophisticated than that.

 

[Billysboots]

They charge what they can get away with locally, it's no more sophisticated than that.

Although they will argue that replacement cost is factored into daily prices at the pumps.

 

[Imurg]

2 days to go up
6 months to come down

 

[Hobbit]

The amazingly rapid increase in petrol and diesel prices at the pump.
Yes, I know that crude oil has increased dramatically, but surely there's no way that the new expensive oil has made its way to the refineries, been turned into petrol, and delivered to forecourts that quickly.
Can anyone with inside knowledge of the industry shed some light on it?

The current issues include costs at the refinery with little product going through it. There’s a daily operating cost which to a large extent is fixed. From the UK’s perspective, the oil from the North Sea is different from the oil from the Middle East. The production regime for both is a bit different.

Here is Spain petrol has gone up from €1.23 to €1.59… it hurts.

 

[jim8flog]

Several hours away from the forum only to discover on my return that I now need to consider trying out a type of footwear that I'd always considered utterly naff.

Take an old pair of wellies cut the legs off and drill holes in the foot area.

 

[Lord Tyrion]

Although they will argue that replacement cost is factored into daily prices at the pumps.

Cobblers . That argument really doesn't stand up to scrutiny. Not even forensic scrutiny, just really basic logic. (Them, not you )

 

[KenL]

People boasting about being loaded.

 

[rudebhoy]

People boasting about being loaded.

People who are tight even though you know they are loaded.

 

[Bazz]

Got two conifer things out the front of the house, I don't want to buy one of those strimmers because I'll either cut the whole thing down or an arm off.

Bloke put a leaflet through the door about gardening services and I managed to catch him for a quote...he only does weekly work, no one offs. All the pensioners around here seem to be competitive gardeners so no idea who is market is.

 

[Red devil]

The amazingly rapid increase in petrol and diesel prices at the pump.
Yes, I know that crude oil has increased dramatically, but surely there's no way that the new expensive oil has made its way to the refineries, been turned into petrol, and delivered to forecourts that quickly.
Can anyone with inside knowledge of the industry shed some light on it?

It's called profiteering.

 

[chellie]

BP’s new boss will take home at least £11.7m this year!!​

 

[Slab]

The depots carry months worth's of fuel so even then, the more expensive fuel hasn't reached them yet. They may be upping the prices to the fuel stations but many fuel stations are in on this as well.

I’m sure forecourt pricing isn’t properly aligned with costs (to their advantage, not ours) but… Lets say they did it the other way round i.e they have months of stock now, produced at lower cost so its only when the expensive fuel hit the forecourt that prices need to go up

For ease lets say its 4 months stock so prices shouldn’t increase until July time

What would consumers say if come July the oil prices had returned to/are lower than what they were last week, but forecourt prices need to rocket and petrol stations say ‘ well folks you need to remember back in March when we had xyz issue and our prices were high but we kept your pump price low…’

I just don’t think joe/janet public would accept it, very short memories

 

[Arthur Wedge]

I have no doubt that corporate America will be profiting as well from what’s happening

 

[Hobbit]

I’m sure forecourt pricing isn’t properly aligned with costs (to their advantage, not ours) but… Lets say they did it the other way round i.e they have months of stock now, produced at lower cost so its only when the expensive fuel hit the forecourt that prices need to go up

For ease lets say its 4 months stock so prices shouldn’t increase until July time

What would consumers say if come July the oil prices had returned to/are lower than what they were last week, but forecourt prices need to rocket and petrol stations say ‘ well folks you need to remember back in March when we had xyz issue and our prices were high but we kept your pump price low…’

I just don’t think joe/janet public would accept it, very short memories

Whilst they have that 4 months of stock they still have operating costs at the refineries that include the higher wholesale prices currently being charged by the crude oil producers.

 

[cliveb]

People who are tight even though you know they are loaded.

Used to play golf with a guy who was the CEO of an NHS trust - so presumably loaded. Tightest bloke ever. Never bought a round of drinks.
When he had a hole in one, rather than celebrate, the look on his face when he realised it was going to cost him in the bar was priceless

 

[Arthur Wedge]

Twitters AI grok producing disgusting and disgraceful remarks about Hillsborough, Heysel and Jota

 

[Sid Rixon IV]

Used to play golf with a guy who was the CEO of an NHS trust - so presumably loaded. Tightest bloke ever. Never bought a round of drinks.
When he had a hole in one, rather than celebrate, the look on his face when he realised it was going to cost him in the bar was priceless

The guy who seeks refuge in the toilet, the pro shop, the office knowing we're headed for the bar. The same guy who takes twice as long cleaning his trolley and shoes and an eternity stowing it away in his car.
Yep, I know him!