Price cuts create biggest ever fuel price gap
1199 Comments | Add Comment | Blog entry posted 21st October, 2008
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The price war driving down the cost of fuel in the UK has created the biggest ever gap between the highest and lowest priced fuel, according to data from PetrolPrices.com.
The lowest priced unleaded, as a result of retailers slashing prices over the last week week, is 96.9p. However, the most expensive is 121.9p – a full 25p more. For diesel the spread is also 25p. The cheapest diesel is now 107.9p, and the most expensive 132.9p. A ‘normal’ price gap is around 17-19p.
Petrol stations have been slashing prices recently as a result of a dramatic fall in oil prices. Last week was the first time the price of unleaded dropped below £1 a litre since December 2007.
However, smaller stations are typically unable to respond to falling oil prices as quickly as big chains, meaning that there is a bigger difference in prices than ever before. The previous record price gap of 20p and 22p for unleaded and diesel respectively was last set on August 12th.
The price gap over short distances has also increased. One example from PetrolPrices.com shows a 15p difference in unleaded over just 5 miles in Northampton. In London, the gap is 20p over just 2 miles. There are similar examples across the country.
A motorist shopping at the most expensive station in London would spend an extra £528* a year on fuel compared to a smart motorist who found the cheapest station in the area using PetrolPrices.com.
It’s not often drivers hear good news about petrol prices, but fuel for less than £1 a litre certainly is that. However, not all stations are able to cut their prices as quickly because they bought fuel at a higher price.
When prices are falling the cheapest stations change every day, so drivers should shop around online to avoid getting caught out.
Have you noticed the fuel price gap widening? What’s the price difference in your area?
*Based on 55 litre car filling up 4 times a month.
Replies to Price cuts create biggest ever fuel price gap
Andy October 25, 2008
Asda @ Blyth, Northumberland
Diesel has dropped to 107.9....
David Redfearn October 25, 2008
What an eye opener this website is - Tesco, for all their boasts are more expensive in my area for both fuels (101.9 unleaded and 112.9 diesel) than any other station, including independents. And yet the the next closest Tesco (7 miles away) is at 97.9 unleaded and 109.9 diesel. I wonder how much money they spend [a] convincing us they are leading the way in price reductions and [b] working out the "local" prices they can get away with charging at every location in the country.
47 October 24, 2008
peakoil buggeroff
Peak Oil October 24, 2008
YOU STILL HAVEN'T GOT THE MESSAGE HAVE YOU?
It's time to end our addiction to oil and here's how we can do it:
A Twelve-Step Plan to End Oil Addiction (courtesy of The Oil Drum)
1. Stop deluding ourselves. The era of cheap, readily-available oil has ended. Prices may fluctuate, but the underlying trend is up, up, up. We have to get used to using less.
2. Demand that politicians take the issue seriously. Make it an election issue. Don't take 'we've got everything under control' as an answer.
3. Stop building new roads. They're a monumental waste of money, time and effort. They encourage, rather than ease congestion and besides, the growth in car travel that's used to justify them isn't going to happen anyway.
4. Divert that money and effort into measures that address the challenges of oil depletion and climate change.
5. Make a major investment in public transport. It needs to be better, faster, more comfortable, more regular and more predictable. It needs to cater for everyone, not just peak-hour commuters though they need a better service as well.
6. Make a major investment in broadband internet to allow more people to work from home and change tax and business practices that discourage working from home. The more car trips we can avoid, the better.
7. Electrify transport where possible. We should be electrifying commuter rail where it is not already electric and using light rail (trams) in the cities. On the other end of the scale, electric bikes and scooters can make a big difference in our cities. And electric cars show promise, though there's a lot of questions to be answered yet.
8. Don't use cars unless there's no alternative. Take the bus. Take the train. Switch to a scooter. Walk or cycle - both your wallet and your doctor will thank you.
9. Deal with other aspects of our oil dependence. Agriculture, for example, is highly dependent on oil. We're going to need to change the way we grow and distribute food. Let's get to work on that now, not wait until supermarket shelves start to empty.
10. Stockpile or manufacture vital products currently imported from overseas. When oil runs short, will that still be possible? Let's take stock now and work out what we may need to start stockpiling or making (again) in the UK.
11. Think local. Ending our oil addiction isn't just up to central government, though it can play its part. Communities can work together to make themselves more resilient. Join or start a Transition Towns group in your local area.
12. Accept reality. The age of cheap oil is over. It's not coming back. As individuals and as a nation, we have to adapt.
Neil D October 24, 2008
lucky man i used to live near that morrisons when it used to be safeway. now i'm in cardiff tesco is my nearest but where as 2 other tescos in cardiff are 97.9 for unleaded, my nearest is 100.9 i emailed tesco and their response was that they don't have a single national price, i responded with the three tesco stores are in a 3 mile radius in the same city how can they differ. tesco responded with a thanks we'll pass your comment on.
they mentioned at the time there unleaded price ranged from 96.9 to 110.9.
Kevin Greig October 24, 2008
Just to let peeps know that Morrisons in Reading is 94.9p for unleaded.
Ipswich October 24, 2008
i found petrol at 95.9 at the nacton esso garage here in ipswich
Robert October 24, 2008
Sainsburys in doncaster Unleaded 94.9p Diesel 106.9p
And it keeps getting lower!
Dave October 24, 2008
My local Tesco store in Pontypool South Wales is the most expensive site in the area at 114.9 for Diesel and 103.9 for Unleaded, they are always one of the first to increase prices , and usually the last to drop their prices yet they always seem to be busy why?
Neil D October 24, 2008
was going to post from the bbc news but see that post #37 already has the news that the greedy ####**** are reducing output to artificially increase the cost of oil. just when pump prices are dropping and they go and stuff us again
James Bailey October 24, 2008
My question is, is there any record on the price of a litre of petrol vs. the price of a barrel? With the recent drops they say that the price of a barrel is the same as what it was in April 2007! unfortunately i can't remember the price of a litre then but i'm sure it wasn't 96p for petrol or 108p for diesel.
the oil companies will say suplly and demand in the diesel case and some will quote the falling pound againt the dollar but come on! I thought monopolies were outlawed!
Eric Bradbury October 24, 2008
I started driving diesel cars over 35 odd years ago, then diesel fuel was a little over half the price of petrol, We were persuaded to turn to diesel by politicians and producers as it was supposed to produce less CO2?? (but more airbourne particles) and that it was cheaper to produce?? Now on average it is 12p more than petrol. I dare say LPG will eventually go the same way.....more profit for the Fuel Companies and more tax for the Government. Unfortunately we all subject to "What the market will stand" prices.... which is the polite way of describing Corporate Greed!!!
Eagle_eye October 24, 2008
re 36 - 108.2 = £4.91 (approx). simple calculation, (cost per litre x 4.54)
Dazza October 24, 2008
watch it rise now as they have announced a milloion and half outcut as from asap
the greedy gets they should be shot the lot of them
Steve M October 24, 2008
RE 33 eagle-eye
how can you explain the 108.2p for diesel charged at a garage in Smethwick?
Chris Parker October 24, 2008
Why is diesel still more expensive. I keep getting told it is cheaper to produce but at nearly all the garages diesel is more expensive than Super Unleaded which I understand is for High performance gas guzzlers. Where is the logic with that if the government wants more green fuel efficient cars. Give us a break.
Steve M October 24, 2008
Remember, the already mega rich oil guys still need to heat their mansions in the winter.
Because gas and electric is very expensive then we all have to make the effort to pay more at the pump so they can still enjoy a level of lifestyle without having to dip into already deep pockets.
As I said before (and got slated for it!!) if there is a garage selling cheaper fuel within a few miles then you should know where to shop.
happy motoring.
Eagle_eye October 24, 2008
re the 0.9 thing mentioned above, is it because we buy at the pumps in lites, taking 0.9 and times by 4.54 (litre to gallon caluclation) and we get 4.08 pence, ie. 97.9p p/l = £4.45 (approx) for a gallon. 109.9 = £4.99 gallon
Steve October 24, 2008
well i said it was coming now the fuel prices are going to go up over xmas or even january but will not fall as the oil guys need money.
Paul Gauntlett October 24, 2008
Its not the just the small sites where there is a huge difference!
My local Tesco's ( Ashford, Kent) is selling unleaded at 103.9 yet the Shell nearest my office (In Bucks) is selling at just 97.9 - a difference of 6p
I hope Tesco's customers don't think they need to shop around as they have a 5p discount voucher. Keep up the good work Petrol Prices!
Stephen Lee October 24, 2008
The Cheapest fuel by me is Tesco Pembroke Dock Unleaded at 97.9 and Diesel at £109.9 a litre, that is 9p a litre cheaper than my local non-supermarket petrol station.
The thing that concerns me is that the gap between Unleaded and Diesel keeps getting wider, I am sure it was 10p difference just a few weeks ago and now it is 12p. It really annoys me as Diesel is cheaper to produce, my car is more effiecient running on it (55 mpg on a long journey) and it is greener (as the government wanted).
Why are we still being penalised for the governments greed? Deffinate over taxation yet again!
Ever_the_realist October 24, 2008
From the BBC's website today...
"US light crude rose by more than $1.60 to nearly $70 a barrel, having earlier dropped to $66.20 a barrel - its lowest level since June 2007.
Oil prices hit an all-time high of $147 a barrel in July, but have since fallen back steadily."
Half price wholesale crude oil.....I don't see half price petrol at the pumps!
Steve M October 23, 2008
Forget the 0.9p.
Cranford street in Smethwick is selling diesel at £108.2 ltr
how do you spend 0.2 pence?
Isaak Kassam October 23, 2008
CHEAPEST PETROL AT KP HILL SERVICE STATION (M9 8WQ) @ 95.9
Gary W October 23, 2008
97.9 and 109.9 cheapest in this area norfolk/suffolk boarder. thats at tesco / morrisons others are dearer up to 102.9 and 117.9
now what really gets me is the .9 pence thing, it should not be allowed, there is no such thing, how can you pay .9 of a pence? been trying to find a campaign for the banning of such pricing but cant find anything.
John October 23, 2008
Filled up at Waitrose, Portishead, yesterday @ 96.9. My local Tesco at Midsomer Norton is 103.9 (no competition but still the most expensive in the area, small Texaco in Chilcompton is 102.9!) Every little helps, I don't think!
Trevor Sewry October 23, 2008
Petrol prices around Crug Hywel in Powys, Wales differ by as much as 10p within a 10 mile radius. Why can some companies produce petrol more cheaply than others? within 5 miles of me 5 stations sell thier petrol between 97.9p and 103.9p. Within 10 miles, it is only 96.9p. a liter at Waitrose in Y Fenny.
Edward Hynes October 23, 2008
Those garages that sell at .96p are making a profit, why do the chain of the same company not charge the same at all in its control. Here in Market Harborough Sainsbury's say that they will remain compatative, which means they will charge as much as they can get away with charging. Currently BP charge 99.9p per ltr. When oil goes up petrol goes up straight away, but when oil comes down we are told petrol costs take time to filter through the system, just another excuse to rip us off.
Steve M October 23, 2008
OK, everyone, lets all move to N.Z. and say sod it to Gordon Brown.
The spiders bite, but hey, its a small price to pay (excuse the pun)
re; 13, totally with you on that one, GREED is the word.
Sue Wadsworth October 23, 2008
Best way to beat the high prices is to come to New Zealand and buy unleaded for .......................................
$1.72 (62p) a litre or Diesel for $1.31 (47p) a litre!
Andy Swire October 22, 2008
why hasn't LPG dropped since it peaked?
It hasn't come down at all yet.
Andrew Welch October 22, 2008
Shell near Morrisons in Derby are selling Unleaded at 95.9 per litre.
Ben Widdowson October 22, 2008
I forgot to add, i've just flown back from the USA (FL) and the gap between unleaded and diesel is even bigger. In Orlando you can get a US Gallon of Unleaded for about $2.85USD while the same gallon in diesel will cost you $4USD about 70p more expensive or about 20p/l. Unfortunately i think the demand for diesel from industry will keep it higher than petrol, unless of course the economic bite hurts those same companies a little more than it currently is.
Ben Widdowson October 22, 2008
Isn't the large gap between petrol and diesel due to the fact that diesel requires more refinement and the world is currently short of oil refineries. My diesel car produces a good 65-70mpg over a run so even at 10-15p/l more its still vastly more economical to run than its petrol counterpart which would average mid to low 40's. Your diesel car should also be cheaper to tax (i'm in the B band) as well as insure. In short even with an 11p difference your still much better off with diesel if you do medium to high milage.
Thomas Curtin October 22, 2008
petrol price yesterday in shell Ickenham Middlesex was 97.9 the cheapest around the uxbridge area.
Brian Riley October 22, 2008
I'm sure many people are asking the same question, why is there such a difference between unleaded and diesel?
Before the recent rise in oil price unleaded and diesel were within 1p/ltr, now its 12p again I say why?
Neil Dulley October 22, 2008
However.......yes, isn't there always a however. The price of crude oil is falling but so is the strength of sterling, so we do not gain the full benefit of the lower oil price because oil is traded in $. Still doesn't get away from the fact that we are ripped off in this country.
Ben Rubben October 22, 2008
This is ridiculous! strictly speaking the price of unleaded should be below the 79p mark. Forget the global economical crisis which i believe no motorist was responsible for, because this is a different thing all together. A few months back when unleaded was fetching almost 130p a litre, i remember those same prices were going up within the hr, small or big retailer..it didn't matter. Now come the price drop and the reverse doesn't hold true. And i believe its time to bring a uniform price guide along the country because its unbelivable at some petrol stations the price you would pay, even now! Greed is overtaking us people!
Peter Smith October 22, 2008
AT MK41 this site says cheapest unleaded is 101.9 but for the last two days Sainsburys at Kempston & Bedford main have been £0.99. Catch up Huh..!
Chaz Davenport October 22, 2008
I agree with Bob. Round our way (Bournemouth area) you can find one Sainsbury's charging 111.9 for diesel and another, only 5 miles away, charging 107.9.
I know that fuel retail pricing is driven by local market forces etc, but when I go into Sainsbury, I pay the same for a can of beans in any one branch. Grrrrr.
Another point. We are all rejoicing over fuel coming below the £1 mark, but remember that the last major fuel protest marked a time when Diesel was going over 80p a litre.
We have been paying too much ever since then, and due to the need of the many to get around, the few have been made very, very rich indeed due to rocketing prices coupled with no drop in consumption. Double Grrrr.
Fuel prices are inexticably linked to the current global financial crisis and we will all still be paying, in one way or another, long after the fuel prices have gone down and levelled off.
Peak Oil October 22, 2008
tinyurl.com/6gx4sn
Colin October 22, 2008
It is nice to see petrol price drop below £1 mark for the first time for a year, But diesel drive are still being charged between 10 and 20 pence more a litre,
Neil D October 22, 2008
i can sympathise with that bob, filled up at my local tesco unleaded 100.9 nearest to that was sainsbury at 99.9 then later just 2 - 3 miles away at the next tesco unleaded was 97.9 3 pence in 3 miles.
Bob October 21, 2008
how can one tesco store be charging 97.9 for unleaded 20 miles away but my local tesco are still charging 103.9 but both other independent teaco's are charging 99.9 how does that work??? i know where ill be going in the future..... every little helps
Bernie Green October 21, 2008
Diesel at Sainsbury's, Coldharbour Lane, Hayes, Middx, is now 110.9p as of 21/10/08
James October 21, 2008
Trago Mills Newton Abbot 95.9 per litre unleaded
Jason Chapman October 21, 2008
wow! 94.9 I thought 96.9 was cheap, any ideas on just how low its going to drop?
Andrew Pearson October 21, 2008
Today @ Esso, London Road, Patcham, Brighton
Unleaded 98.9
Diesel 110.9
Cheapest I can see in this area, other local garages quite close to these values, but this is good.
Hope it helps
Luis Aguiar October 21, 2008
Hi, today at Finedon(near Wellingborough) Unlead was 94.9. I wich it start hapens about Ely area. Thanks.
Simon Fleming October 21, 2008
Just to let people know that unleaded petrol is 95.9 @ Shell Whitemare pool in Gateshead.
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