Energy prices.

[ukracer]

The stuff that's already in the tank has to be sold at a price that will pay for the new stuff coming in.
Petrol stations aren't charities, and there's so little margin on a litre of petrol they don't take any chances of being caught with their pants down.
As far as the falling prices go - supply chain economics.
It takes a while for cheaper stock to get down the line to the forecourt. Of course there are some greedy sods in the chain but there always are.

Confused. That's just a cash flow issue.

If a litre of petrol costs 150 and the garage sells at 170 when the price goes up to 190 they have still only paid 150.

The argument is they don't put the price down of the fuel they have in their tanks. That they will pay 150 to replace.

They wait till they buy more to reduce the price.

 

[ukracer]

Simple business - charge what the market will support.

If the market panic buys and drives the price up . . . not exactly their fault was it?

If the market goes elsewhere and buys it cheaper . . .

Or, like me, the market simply doesn't use the car(s)

Its a business - in business to make a profit. I would expect nothing less than them to make use of every opportunity to squeeze the profit from 2p a litre to 2.5p a litre . . .

I can only assume you are still charging the prices you charged when your business started?

Why does panicking drive the price up? The item is not worth any more or less.
Ok if the supply price changes the business needs to react.

We are not saying they can't make a profit, just making a bigger profit is profiteering.

They will be making a bigger profit as a % anyway as the price goes up.
Assuming their mark up stays the same.

 

[ukracer]

i have a fuel card predominantly because i cant get my lorry in to the supermarket stations. i have a bp card through ukfuels and well..

next weeks price...

​ ​ ​ ​

​ ​ ​ YOUR WEEKLY FUEL PRICE Account No: xxxxxxxx Hello, Your new diesel fuel price for the week commencing 21st March 2022 is:​

​ ​ ​ ​ BP​ ​ ​ 138.81​

thats plus vat of course.

its usually a couple of pence a litre cheaper than the supermarkets. sometimes a couple of pence more. but always cheaper than anywhere with hgv pumps.

I was getting excited then...lol

 

[ukracer]

Actually I am. I have absorbed the costs up to now,but I cannot carry on much longer. I don’t have the luxury of my raw materials going down in price so I can cash in, like you obviously can and do…..

That's the major difference between businesses.
A lot depends on if your business is labour or physical item heavy.
Prices/Profits are going to be different for each type of business.

 

[ukracer]

Actually I am. I have absorbed the costs up to now,but I cannot carry on much longer. I don’t have the luxury of my raw materials going down in price so I can cash in, like you obviously can and do…..

Purely out of interest what is your business?

 

[knighty]

i have a fuel card predominantly because i cant get my lorry in to the supermarket stations. i have a bp card through ukfuels and well..

next weeks price...

​

​ ​ ​ 138.81​

thats plus vat of course.

its usually a couple of pence a litre cheaper than the supermarkets. sometimes a couple of pence more. but always cheaper than anywhere with hgv pumps.

166.5... not bad, just applied!!!

 

[Lewis_RX8]

166.5... not bad, just applied!!!

Businesses only? , thats better than anything I've seen here aswell !

 

[knighty]

no idea, I just added VAT onto the price qwakers gave

which I claim back anyway.... but better to add it to compare prices

 

[Johnnybravo]

Purely out of interest what is your business?

Engineering. Cnc machining , specialist components and tool making for the rubber molding sector

 

[qwakers]

yes its a business fuel card. but shock horror, the fuel company don't care that the business I registered the card to all those years a go as a sole trader no longer trades. they get paid on time so they're happy.

 

[bricol]

Why does panicking drive the price up? The item is not worth any more or less.
Ok if the supply price changes the business needs to react.

We are not saying they can't make a profit, just making a bigger profit is profiteering.

They will be making a bigger profit as a % anyway as the price goes up.
Assuming their mark up stays the same.

I haven't got the faintest idea - but it did, didn't it?

Any business charges what its market will stand - and it stood it as everyone rushed to buy, and keep buying, the last litre they could. I chose not to partake in most of the particular episode until I needed to.

Price at my local independent went up, as the price he had to pay to refill his empty tanks went up.

 

[bricol]

Actually I am. I have absorbed the costs up to now,but I cannot carry on much longer. I don’t have the luxury of my raw materials going down in price so I can cash in, like you obviously can and do…..

Its how you run a business. If you are running a charity . . .

 

[Johnnybravo]

Its how you run a business. If you are running a charity . . .

I guess common decency and morals can’t be taught. Everybody out to screw somebody out of their last 5p in the name of business. Hey ho. Each to their own. What goes around comes around. Seen it more times than I care to remember where greedy business owners cannot understand why they have gone bust, by having priced themselves out of existence by constantly screwing their customers over.

 

[ukracer]

I guess common decency and morals can’t be taught. Everybody out to screw somebody out of their last 5p in the name of business. Hey ho. Each to their own. What goes around comes around. Seen it more times than I care to remember where greedy business owners cannot understand why they have gone bust, by having priced themselves out of existence by constantly screwing their customers over.

Exactly. A lot of people stopped using the local Garage unless we had to. When speaking to the owner one day I explained with social media all garages have to play fair or the consumers will remember....

It's now up for sale.

 

[johnakay]

a few years ago when we had fuel shortage,one garage was charging a £1 a ltr.
when it was all over no one would use his garage and he went bust shortly afterward.

 

[brewdexta]

Looks like I have scored a regular supply of logs for my boiler. Its pine so no good for the stoves but perfect for the boiler as it gasifies all the resins. It's from a neighbour who manages some woodland a couple of valleys away. He will bring it back on a trailer on his way back home so in terms of transport, almost sod all carbon footprint. He reckons each trailer load would be equivalent to about 2 IBC cages worth of split logs, but we will judge that when he delivers the first load. I should be able to cover about 80% of my biomass boiler requirements this way. He will give me a final cost once we know we know how much timber is on a trailer but looking like around £60 an IBC worth. I will cut and split it, the boiler takes Eurolog lengths, 500mm long so easy to stack and quicker to load the boiler. My splitter has just about a 500mm throat so will probably cut the logs 450mm long to make sure.

It will probably be a bit damp for this coming winter but that's fine. I have a moisture meter and if its still damp I can continue to use pellets, I'll still be working so not able to load the boiler up every morning so its the year after I'm mainly interested in. I'll have to work out how to make sure its BSL registered for RHI, this probably means myself or my neighbour registering to become a self supplier which costs a couple of hundred quid, I think.

 

[reb78]

Looks like I have scored a regular supply of logs for my boiler. Its pine so no good for the stoves but perfect for the boiler as it gasifies all the resins. It's from a neighbour who manages some woodland a couple of valleys away. He will bring it back on a trailer on his way back home so in terms of transport, almost sod all carbon footprint. He reckons each trailer load would be equivalent to about 2 IBC cages worth of split logs, but we will judge that when he delivers the first load. I should be able to cover about 80% of my biomass boiler requirements this way. He will give me a final cost once we know we know how much timber is on a trailer but looking like around £60 an IBC worth. I will cut and split it, the boiler takes Eurolog lengths, 500mm long so easy to stack and quicker to load the boiler. My splitter has just about a 500mm throat so will probably cut the logs 450mm long to make sure.

It will probably be a bit damp for this coming winter but that's fine. I have a moisture meter and if its still damp I can continue to use pellets, I'll still be working so not able to load the boiler up every morning so its the year after I'm mainly interested in. I'll have to work out how to make sure its BSL registered for RHI, this probably means myself or my neighbour registering to become a self supplier which costs a couple of hundred quid, I think.

That sounds great. Bet you are pleased!

 

[brewdexta]

That sounds great. Bet you are pleased!

if it works out it will save me quite a lot and keep me fit

 

[fizzy]

Looks like I have scored a regular supply of logs for my boiler. Its pine so no good for the stoves but perfect for the boiler as it gasifies all the resins. It's from a neighbour who manages some woodland a couple of valleys away. He will bring it back on a trailer on his way back home so in terms of transport, almost sod all carbon footprint. He reckons each trailer load would be equivalent to about 2 IBC cages worth of split logs, but we will judge that when he delivers the first load. I should be able to cover about 80% of my biomass boiler requirements this way. He will give me a final cost once we know we know how much timber is on a trailer but looking like around £60 an IBC worth. I will cut and split it, the boiler takes Eurolog lengths, 500mm long so easy to stack and quicker to load the boiler. My splitter has just about a 500mm throat so will probably cut the logs 450mm long to make sure.

It will probably be a bit damp for this coming winter but that's fine. I have a moisture meter and if its still damp I can continue to use pellets, I'll still be working so not able to load the boiler up every morning so its the year after I'm mainly interested in. I'll have to work out how to make sure its BSL registered for RHI, this probably means myself or my neighbour registering to become a self supplier which costs a couple of hundred quid, I think.

I am so lucky to get free wood.
Even in a well insulated house I use a lot.
This lasts about 10 days with the AGA running the other end of the house.
I have to make 2 or 3 cuts per length.
Mix of soft and hard woods bone dry.

 

[500e]

Unless you are a Big player there is very low return on fuel.
People forget there is a cost for in the ground petrol / diesel, the smaller interdependent has to pay COD so you have a large amount of cash sat in the ground, then the card Co. want their cut.
Then fire officer, Tank tests, Weights and measures, pump replacement, some may not cost in short term but you fail a Tank test.
Did it for years! you have to be high volume to make it pay, the chocks and crisps are a bigger margin.
We had load over load payment for fuel, the rep hated it s always offering 0.1p or some small incentive to go COD worked it out once not worth the 0.** the interest on the money was a 3/4 year payback then we were loosing + the amount we had to borrow would have risen as well.
Dont see how anyone can not increase prices at present with steel, wood, board, cladding, gas, electric, +++ going up, not taking that into consideration is the way to insolvency unless you are on a very high margin previously.
There are few local petrol stations left