How long until we see €2 a litre and will it push more to EV's faster?

Its been explained many times why, during a price shock, prices tend to go up quickly.

It builds a cash fund for the retailer to help pay the higher price on the next delivery, it also allows them sell at a loss if the price suddenly comes down. Like now with the duty.

Retailers are not speculators. They are effectively hedging against the volatility. This is why the 20c duty cut will take time to filter through.

This kind of stuff goes way over the heads of the facebook warriors though.

Extra profit or hedging against a potential loss on the next delivery?

Why would petrol stations put it up at midnight?

They could put it up the second it's announced too.

Also theres nothing to stop people filling up before midnight either if they want to believe it goes up at midnight.

We have multiple sites it just happens that the one I visit most is not the closest one to where I live and my closest site is officially designated my normal place of work. There is no way I would be expected to travel 400km return by request without getting mileage.

It only seems ambiguous as I am more or less fully remote day to day - but I was officially hired to the closest site not a remote contract technically. I travel to my designated site about once every 6 weeks but to the further site maybe 2 or 3 times a month for one day each time.

Quick question - I'm heading up North tomorrow - with the current pricing on both sides of the border - is it worth filling up up north. I usually go to one of the big supermarkets - sometimes I skip it if the queues are crazy - and they can be even in normal circumstances. I'll probably only buy 30 litres or so - not really worth it unless the difference is significant (20c per litre or so).

correct, no wholesalers is allowing forecourts a month credits that would be minimum of 8 deliveries for the month .. that’s a lot of litres of fuel and massive credit line to offer ..

Probably have to keep funds on account with the suppliers so no credit at all.

As I said before 1 million euro is pocket change in the oil industry. I have personally owed 50k+ to my local hardware store while building my house and no issue getting a months credit they would have 100's of customers owning figures like this and some much more. This is far more to them than millions is to an oil distributer.

Edit: A quick google I can find it stated by Inver they offer credit to forecourt operators - if they do you can be sure they all do. Maybe its not 30 days but they are not paying on a per delivery basis - no way.

I’ve a circle k and inver near me. Always the same price over the years

Circle k got a delivery today and petrol went from 202.9 to 197.9. Diesel 2.29.9. I think it was 2.15.9 to 2.19.9. I’ll confirm later on when passing.

Call me out but that petrol price drop is terrible for a new delivery

I have given you proof they get credit, which is more than you have furnished to your payment upfront claims.

My understanding is the the petrol stations get 3 days credit.

A friend who owns a petrol station, gets his fuel every 3 days.

Basically what's in the tank is on credit.

The price is from the distributor is also set twice a week (well it was until recently) and the price he pays off the price the fuel is on the day of arrival, not on the day he ordered it.

Also.. my friend has consistently the highest prices in the area.

I buy my fuel elsewhere.

I'm not liking the ~$110 price today and yesterday. We've had brief spikes before which we won't have seen at the pumps.

The markets are ignoring Trump's latest BS. Iran won't be backing down at all.

Hard not to see it staying at this level so are we heading towards €2.50/litre next week?

Yes our oil tends to come from places like the north sea, North Africa and Norway.

If and when countries from other parts of the world start turning up around here then suppllies get tight.

Even when Trump TACO's it will take time for wells that have been shut down for prolonged periods to come back on line.

We are fast passing the point of no return for this to be a temporary blip.

In the UK, apparently some small fuel retailers are choosing to close rather than sell high priced fuel.

(Paywalled article but you can get the gist)

https://www.thetimes.com/business/energy/article/independent-petrol-stations-close-pumps-as-cost-hits-2-a-litre-lhn263505

Independent petrol stations close pumps as cost hits £2 a litre

Rather than face customer abuse and allegations of profiteering, small retailers are choosing to shut their forecourts as wholesale prices rise