Free UK fuel prices. Over 8,000 petrol stations covered Thu, 26 Feb 2015 22:48:22 +0000 en-US hourly 1 Head to Sainsbury’s for 99p Petrol! Thu, 26 Feb 2015 22:48:22 +0000 After a recent run of small petrol price increases, it’s pleasant to be able to report some positive news, and this particular news is very positive indeed – subject to a small caveat!

Basically, 99.9 pence per litre petrol is about to become widespread for a short while at least – so long as you have aSainsburys Sainsbury’s supermarket with a forecourt nearby, and you’re prepared to spend £30 in store on groceries.

As reported on This is Money, the offer takes the form of a time-limited voucher offering 10 pence off a litre of fuel (valid until 4th March). With Sainsbury’s confirming that they are charging no more than 109.9 pence per litre at any of their garages, this means 99.9 pence petrol is available to all while the offer is available.

Unfortunately, with diesel costing more per litre, 99 pence per litre diesel is still a rather more distant dream.

Although this promotion does tie you into buying groceries at Sainsbury’s, £30 is not a substantial spend, and people have to buy their shopping somewhere! This seems like one promotion well worth taking advantage of. 

Furthermore, it will prove interesting to watch what other supermarkets do to compete with this promotion.

IMAGE CREDIT: Wikimedia Commons

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Oil Prices Seem Set to Remain Low Wed, 25 Feb 2015 10:04:24 +0000 BBC report, writer Richard Anderson describes making these predictions as “a bit of a mug’s game.” However, it is perfectly possible to look at all the factors involved and make some reasoned analysis, and all the evidence does currently seem to suggest that costs will remain low, at least in the medium term. In the past, when oil prices started to fall, OPEC, the organisation representing the major oil producing nations, Oil Drumwould trim down production, stabilising prices. However, the OPEC nations no longer have the stranglehold over the oil industry that they once possessed. The rise of shale oil production in the US is the primary reason for this, and it wouldn’t make sense for OPEC to cut production at the risk of losing global market share. On this basis, they have publicly stated that they have “no intention” of cutting production, even if the oil price falls as far as $20 per barrel. With OPEC’s market share now at around 30%, down from 50% in the 70s, it’s unsurprising that they are protecting what they have left so aggressively. So what does this mean for consumers? Well, according to the BBC report, experts are only visualising a slow price recovery, predicting a cost of $70 per barrel as far away as 2019, with costs remaining between just $40 and $80 in the years between now and then. This seems to suggest that, in the short term at least, pump prices will remain reasonably low, albeit subject to minor fluctuations like the slight upward trend we’ve seen recently. However, rocketing pump prices like those seen a year or so ago seem really unlikely – and that’s great news for drivers. IMAGE CREDIT: Wikipedia]]> 0 Are Petrol Prices “Creeping Back Up?” Tue, 24 Feb 2015 13:27:01 +0000 report on AOL Fuel pumpTravel. AOL was just one of the news outlets discussing the increases – over the course of just a couple of days, we also saw reports about the issue in, amongst others, The Shropshire Star, The Worcester News, and The Daily Post North Wales. Of course 108 pence per litre is nowhere near the heights of last year, and only really represents an increase of about two pence per litre. There have been corresponding oil price increases behind this too, although as we reported last week, FairFuel UK believe that such quick consumer rises are “scandalous,” and have called for an investigation. So, based on all of this, what’s the prognosis for the future? Well, according to the AOL report, The AA are optimistic that the oil prices will settle back down, supporting this current small increase being a “blip,” as we’ve suggested before. The chairman of Shell Oil has also predicted low prices until the end of the year. So, we will maintain our cautious optimism, but will obviously be monitoring developments very closely! In the meantime, we suggest using our free tool to find the cheapest fuel near you. IMAGE CREDIT: Wikipedia]]> 0 Asda Plan to Open 100 More Petrol Stations Mon, 23 Feb 2015 09:35:25 +0000 KamCity report, the company are Asdalooking to open 100 “standalone forecourt sites” and have them in place by the end of 2018. Work on some of the sites has just begun, with Asda buying 15 forecourt sites from retailer Rontec. Five will open by the end of next month, including garages in Staines and Plymouth. The remainder will open “over the next few months,” and includes sites in Bristol, Bethnal Green and Rainham. Most of the sites are in the South East, as this is the area Asda plan to target. In addition to petrol, these sites will sell a small range of Asda products, but also act as outposts for the chain’s “click and collect” service, making the company’s full range available to those who place online orders in advance. This certainly seems like a rather canny way to increase market penetration at a relatively low cost. Consumers will surely benefit too, thanks to Asda’s frequent low-cost fuel offers. IMAGE CREDIT: Geograph]]> 0 Fuel Prices Keep Costs Down for Farmers Fri, 20 Feb 2015 11:03:29 +0000 Yesterday, for example, we talked about how spare cash in consumers’ pockets is finding its way to restaurants and cafés, and in past reports we’ve discussed everything from bus fares to holiday prices, all of which are affected by fuel prices. Today, we have news from the farming industry, based on a report in Farmers Weekly. It states that a 19% reduction in fuel prices has meant that farmers have been able to “keep a lid” on food production costs, which would otherwise have risen significantly. Despite the 19% fuel cost drop, production costs have only gone down by 1%, with the fuel savings off-set by a rise in other costs including staffing and fertiliser. Meanwhile the prices that farmers are getting for their produce are being “squeezed” at the point of sale. This just goes to show how far fuel price changes impact the economy. At the moment, cheap fuel is pushing down the cost of food. Without that cheap fuel, it’s fair to say that food costs would be going up instead of down as well right now. People should enjoy this period of low inflation while they can. IMAGE CREDIT: Wikimedia Commons]]> 0 UK Citizens Spend their Petrol Savings on Dining Out! Thu, 19 Feb 2015 16:54:01 +0000 reported on in The Morning Advertiser, the bulk of this freed-up cash is being spent in restaurants and cafés. According to the study, the average UK consumer had nearly £20 extra to spend last month due to the fall in petrolCafe and diesel prices. Based on research, cafes and “quick service” restaurants saw more of this extra cash than any other sector. Drilling down into the numbers, restaurant and café takings were up over 25% for January 2015 compared to January 2014. Online retailers did well too, with their takings up 16% in the same comparative period. What makes this news even more significant is the fact that January is traditionally seen as a month where people tighten their belts in the wake of their seasonal spending. Seeing takings for some businesses increase so much really seems to point to a feeling of increased consumer confidence. On a similar subject, we should perhaps mention that at the end of January, we ourselves reported on a What Investment study that predicted that consumers would spend their fuel savings on “clothing and beer.” This new study seems to suggest the people flocked to cafés rather than pubs, but with January “health-kicks” now a distant memory, perhaps it is still an accurate prediction for February? IMAGE CREDIT: Wikimedia Commons]]> 0 Mobile Phone Payments: Coming Soon to a Petrol Station Near You! Wed, 18 Feb 2015 11:57:17 +0000 report in The Telegraph, the new system will use the PayPal payment app, and will be first rolled out to members of Shell’s “Driver’s Club” scheme from April this year. By the end of the year, paying by mobile should be an option to all customers at “the majority” of Shell’s 1000 forecourts, via the PayPal app or Shell’s own “Motorist” app. The idea is that the system will reduce queues by allowing customers to pay without having to go into the petrol Phone paymentstation (unless, of course, they wish to buy additional items). One question that does occur, and one that’s not mentioned in the report, is that petrol stations generally request that customers don’t use their mobile phones on the forecourt for safety reasons. Quite how this will be handled remains to be seen! Payment via PayPal’s app is already available at over 8000 shops and restaurants in the UK, including such chains as Gourmet Burger Kitchen and Wagamama. Orders are paid for “up front” and then a receipt is emailed when the transaction is complete. Time will tell whether this modern payment method will catch on, but in a society where people do more and more with their smartphones, there are sure to be plenty of tech enthusiasts keen to try it out. IMAGE CREDIT: Wikipedia]]> 0 Petrol Prices Contribute to Historically Low UK Inflation Tue, 17 Feb 2015 20:33:21 +0000 on record according to a report the The Guardian. Low prices for petrol and diesel are playing a huge part in the situation. According to the report, “tumbling” petrol prices and low food costs are the key reasons for this historical fall in Petrol Moneyinflation. Petrol and diesel has apparently gone down in price by an average of over 16% in the past year. Combined with a food price fall of nearly 3%, this adds up to huge consumer savings. The Governor of the Bank of England, Mark Carney, is quoted in the report as saying that inflation will stay at “around zero” for the rest of 2015. Cynics would say he’s steering clear of mentioning the word “deflation,” although it’s potentially possible, for fear of the negative connotations. That said, the Bank of England are acknowledging that a period of deflation is a very real possibility at some point this year, but Carney is keen to emphasise that if it happens, the situation will be “temporary.” In the short term, consumers can probably put worries of deflation aside and enjoy cheaper prices for food and fuel. But if this situation continues, they would do well to remember that it was a prolonged period of deflation that brought on The Great Depression of the 1930s. IMAGE CREDIT: Wikimedia Commons]]> 0 FairFuel UK Attack “Scandalous” Pump Price Rises Mon, 16 Feb 2015 12:14:50 +0000 talked about how UK petrol prices had begun to creep upwards again the wake of a rise in the wholesale oil price. Subsequent news stories towards the end of the week suggested these rises were only temporary, but there’s another facet to the story that’s begun to develop as we begin another week. Today, various news outlets including The Grimsby Telegraph, have reported on how campaigning group FairFuel Petrol PricesUK have called for an “OffPump” inquiry into the “rocket and feather” effect on petrol prices when the oil prices changes. The report states that at certain garages, the small rise in the oil price resulted in an immediate “rocket like” rise at the pumps, to the tune of as much as four pence per litre. FairFuel UK want to know why such drastic rises happen as soon as the oil prices goes up, while price reductions are so much slower to appear when the oil price goes down. It’s not the first time there’s been calls for greater transparency into a pricing phenomenon that FairFuel UK describe as “pure monetary greed.” The group’s lead campaigner claims that the government are continually “ducking” calls to investigate. Apparently the government’s Treasury Minister supports this call to action. Time will tell whether anything comes to fruition. IMAGE CREDIT: Wikimedia Commons]]> 0 Travelling Abroad? You may Find Petrol Cheaper than at Home! Fri, 13 Feb 2015 11:55:22 +0000 The Evening Standard have reported on a study of the cost of petrol and diesel in various European countries, and found that Europefuel costs significantly less than in the UK in many of them. This isn’t simply because wholesalers and governments are more generous over the channel! Due to the particularly strong Pound at the moment, the exchange rate contributes to the real life price when you make a direct comparison. Even with this in mind, it will perhaps provoke some envy when we say that 60% of the countries looked at in the Post Office survey that The Standard refers to now offer petrol for less than the equivalent of £1 per litre, rising to 70% for diesel. The cheapest place of all is Luxembourg where a litre of unleaded is 84p at the time of writing. Fuel isn’t cheaper everywhere. You’ll still pay more in Holland and Norway. But if, for example, you’re about to head for a ferry to the UK from Ireland or France, you’ll definitely save a little if you fill up before you leave! IMAGE CREDIT: Wikipedia]]> 0