Cheapest Petrol Prices in your Area

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Richard
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Re: Cheapest Petrol Prices in your Area

Post by Richard »

There's some good prices about, must be getting near an Election )run(

To be fair, it's held well for quite a while now. Think I paid £1.26 yesterday.

I can never work out why some are more than others, even being a few miles from a Refinery doesn't seem to make any difference, not that I do but it does in Southampton.

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mrs boodles
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Re: Cheapest Petrol Prices in your Area

Post by mrs boodles »

Down to £1.23p here and that's a normal petrol station, not a supermarket. )like(
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Richard
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Re: Cheapest Petrol Prices in your Area

Post by Richard »

Oooer. Tesco's Ashford today..... £1.20.8

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lancashire lass
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Re: Cheapest Petrol Prices in your Area

Post by lancashire lass »

my local Asda price is 119.7p ... I saw it last Saturday and it struck me that we haven't seen prices so low in many years

Again I have to ask:

lancashire lass wrote:Interestingly, isn't our gas and electricity costs supposed to be linked to the price of oil? When oil prices rise, gas and electricity usually follow with almost immediate effect ...
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Re: Cheapest Petrol Prices in your Area

Post by Freeranger »

as you've thrown the question out a couple of times now, forgive me for giving you the Robert Peston answer that I hadn't done before for fear of sounding smartypants.......

I think they are only linked indirectly. Not all oil-producing wells or refineries produce gas in quantity, which is when you see it burnt off as a flare since for them it's more economic to burn it rather than collect and and sell it. Gas exploration tends to be a separate activity so its economics are a bit detached, though the costs are probably similar. The prices of all fuels tend to be linked by substitution, so if the price of one goes up you switch to another, but that tends to drive the price up (either demand/capacity restrictions or profiteering). When it goes the other way and your choice of fuel goes down in price, there's no reason to switch, so the supply market isn't affected and price tends not to go down beyond any economy of scale in providing to lots of users rather than few. If you happen to have an oil refinery or a power station you might drop your prices to compete, but the need to do that would be affected by how easy it is to switch, and for most people it isn't because there's a cost and a time taken to do that.
I think this means that prices for electricity and gas won't follow as closely as we might like.

See, sounds smartypants, doesn't it? But all opinion only, so feel free to disagree.
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Richard
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Re: Cheapest Petrol Prices in your Area

Post by Richard »

)t'
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Richard
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Re: Cheapest Petrol Prices in your Area

Post by Richard »

In Southampton today...

Petrol £1.07 - Diesel £1.08.

Seems good to me ??

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Mo
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Re: Cheapest Petrol Prices in your Area

Post by Mo »

Very good. 4p cheaper than the best I've seen here.
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saint-spoon
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Re: Cheapest Petrol Prices in your Area

Post by saint-spoon »

I paid £1.10 for diesel last week where I live.
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HedgeHugger
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Re: Cheapest Petrol Prices in your Area

Post by HedgeHugger »

Paid £1.07 for unleaded here too.
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Richard
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Re: Cheapest Petrol Prices in your Area

Post by Richard »

This is interesting - started the thread exactly three years ago tomorrow.

Go back to the first few posts and see the prices then !!!!

Hard to imagine isn't it.

Richard )t' )t'
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saint-spoon
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Re: Cheapest Petrol Prices in your Area

Post by saint-spoon »

they will soon be rising to those prices once more... enjoy the low ones whilst you can.
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lochernepioneers
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Re: Cheapest Petrol Prices in your Area

Post by lochernepioneers »

the Garage in Belleek in NI has Diesel at 93.9 per litre
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Richard
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Re: Cheapest Petrol Prices in your Area

Post by Richard »

Blimey !!!!!!!
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saint-spoon
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Re: Cheapest Petrol Prices in your Area

Post by saint-spoon »

One can only assume less tax. My best this week is £1.07 for diesel in Locksheath Waitrose shell garage. A penny cheaper than everywhere else around.
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