Fuel Shortages and canals.

[matty40s]

Ok, it's happening, probably at present due to the same folks who cleared the toilet paper out not too long ago.

From present viewings and converations...hire bases may well stop selling altogether ( some have already ..fact)... to preserve their stocks for their main income.

Once the foreign holidays become either non existent due to the lack of aviation fuel or non affordable, the 'stay at home holiday' will become mandatory.

Our local fuel went from a 12 month £1.09 per litre on its next delivery to £1.49.

Many marinas are now stepping up ...N. Kilworth Wharf can buy white at a garage cheaper than he can get Red.

North Kilworth Marina has a limit on delivery size for non residents...(50l....might be less)

 

Scarisbrook is apparently at £2.12!!

 

Thanks to Donald Trump,Netan Yahooo, and Farage.

 

[LadyG]

Farage !

Im thinking about cutting back on running  the Webasto, going to order more coal and logs as they should not go up as much, hopefully. 

How can red be same price as white, or even more?  Its bizarre.

Edited April 4 by LadyG

[robtheplod]

8 hours ago, matty40s said:

Ok, it's happening, probably at present due to the same folks who cleared the toilet paper out not too long ago.

From present viewings and converations...hire bases may well stop selling altogether ( some have already ..fact)... to preserve their stocks for their main income.

Once the foreign holidays become either non existent due to the lack of aviation fuel or non affordable, the 'stay at home holiday' will become mandatory.

Our local fuel went from a 12 month £1.09 per litre on its next delivery to £1.49.

Many marinas are now stepping up ...N. Kilworth Wharf can buy white at a garage cheaper than he can get Red.

North Kilworth Marina has a limit on delivery size for non residents...(50l....might be less)

 

Scarisbrook is apparently at £2.12!!

 

Thanks to Donald Trump,Netan Yahooo, and Farage.

 

How has Farage raised prices?

[haggis]

We will find out about canal side fuel prices when we go down in a couple of weeks but the local fuel pumps are going haywire. The diesel price which was 139.9 for ages is now over 190 and rising daily. I hate to think how much my tankful (to go down to the boat) is going to cost me.

[Mike Todd]

9 hours ago, LadyG said:

Farage !

Im thinking about cutting back on running  the Webasto, going to order more coal and logs as they should not go up as much, hopefully. 

How can red be same price as white, or even more?  Its bizarre.

The base price has long been that way but it is no so obvious as the comparison is often at the pump price,  and how honest one is over splits.

 

The price to the retailer is quite variable, depending on volumes. Marinas in the same group may charge differently at the pump as a result even if using the same margin policy. 

[blackrose]

1 hour ago, robtheplod said:

How has Farage raised prices?

 

He hasn't, but I think the OP was probably referring to his support for Trump's war of choice.

Edited April 5 by blackrose

[Alan de Enfield]

9 hours ago, LadyG said:

How can red be same price as white, or even more?  Its bizarre.

 

Why is it ?

 

The likes of Tesco etc are going to buy a wee bit more diesel than "John on the fuel boat" and will get a large 'quantity discount'

[Steve Bassplayer]

Time to buy that horse…. (Won’t help much with heating though)

[Mike Tee]

Can't you burn the manure?

[Chris John]

Where is there a fuel shortage then? High prices don’t make fuel shortages but are the world’s markets price to the war. The large oil refinery at Fawley is still getting crude tankers 

[alias]

1 minute ago, Chris John said:

Where is there a fuel shortage then? High prices don’t make fuel shortages but are the world’s markets price to the war. The large oil refinery at Fawley is still getting crude tankers 

 

The shortages will be working through the supply chain. There's a lag between stopping traffic through the Straits of Hormuz and the tankers that got through just before it closed arriving in Europe of 3 to 4 weeks.  Refining and distribution takes at least another week.  So no real reason for shortages here yet (other than panic buying), but there are certainly shortages coming at around 20% of normal global supply, even if the Straits reopened today.

 

China, Pakistan and other Asian countries were major users of oil from the Gulf, and will have been looking to secure continuity of supply elsewhere, so presumably pushing up the price from other sources as competition for those increases.

[WulfNut]

42 minutes ago, alias said:

 

The shortages will be working through the supply chain. There's a lag between stopping traffic through the Straits of Hormuz and the tankers that got through just before it closed arriving in Europe of 3 to 4 weeks.  Refining and distribution takes at least another week.  So no real reason for shortages here yet (other than panic buying), but there are certainly shortages coming at around 20% of normal global supply, even if the Straits reopened today.

 

China, Pakistan and other Asian countries were major users of oil from the Gulf, and will have been looking to secure continuity of supply elsewhere, so presumably pushing up the price from other sources as competition for those 

All these companies are well aware that if they don't raise prices, and reduce our consumption,  then they will run out. 

[ditchcrawler]

I wonder whats happening to the price of bio diesel HVO

[Arthur Marshall]

3 hours ago, WulfNut said:

All these companies are well aware that if they don't raise prices, and reduce our consumption,  then they will run out. 

I'm not sure that makes economic sense, though I know it used to be the accepted "supply & demand" curve thing. Raising prices doesn't cut demand when it's relating to essentials.

Most fuel gets used because people and goods have to travel. Cost makes no difference, if you've got to get to work, or your lorry load of stuff has to get to Tesco, then however much you raise the price, it gets paid. That's why oil companies make a fortune in hard times - and, locally where I live, petrol costs about 10p a litre more in every town garage than it does twenty miles away. It's a cartel running basically as a monopoly. Theoretical economic "rules" don't work in real life.

 

 

[LadyG]

The main driver of price is the world price, which always increases when the supply is endangered. This rapidly works through to the price at the pump.

Pricing is complex, and unstable. Individual marinas may also have forward contracts, the idea being to smooth purchases, I would say most will have been 'caught out' in that they did not pay for full tanks four weeks ago, so its up to them how they deal with the situation.

Hire boat companies will have to ration casual sales rather than run out. Others may ration to prevent panic sales. 

I would think that thefts from boats is far more likely this week than last.

Edited April 5 by LadyG

[Steve Bassplayer]

5 hours ago, Mike Tee said:

Can't you burn the manure?

…or grow corn/rapeseed in it and make HVO….win win…. 

54 minutes ago, Arthur Marshall said:

I'm not sure that makes economic sense, though I know it used to be the accepted "supply & demand" curve thing. Raising prices doesn't cut demand when it's relating to essentials.

Most fuel gets used because people and goods have to travel. Cost makes no difference, if you've got to get to work, or your lorry load of stuff has to get to Tesco, then however much you raise the price, it gets paid. That's why oil companies make a fortune in hard times - and, locally where I live, petrol costs about 10p a litre more in every town garage than it does twenty miles away. It's a cartel running basically as a monopoly. Theoretical economic "rules" don't work in real life.

 

 

What we do know is that a few people will make a lot of money out of the ‘war’…

[Mike Todd]

5 hours ago, Chris John said:

Where is there a fuel shortage then? High prices don’t make fuel shortages but are the world’s markets price to the war. The large oil refinery at Fawley is still getting crude tankers 

Very few people make a conscious choice about how much fuel they buy. They may have limited scope for not making some journeys but not enough to impact on the market. When fuel prices rise we just pay but then spend less elsewhere in a way that does not impact the fuel market.

[Chris John]

13 minutes ago, Steve Bassplayer said:

…or grow corn/rapeseed in it and make HVO….win win…. 

What we do know is that a few people will make a lot of money out of the ‘war’…

Trumpski being one of them no doubt 

[LadyG]

12 hours ago, Steve Bassplayer said:

…or grow corn/rapeseed in it and make HVO….win win…. 

What we do know is that a few people will make a lot of money out of the ‘war’…

And a lot of people will die 

The Ukraine used to supply wheat, to Europe, but its been ravaged by the war there, so world wheat prices increase, as supply reduces.

Farmers cant just suddenly grow more oil seed rape to make HVO, it takes a year,, and by that time the dormant North Sea supply will be coming online

Growing OSR, is high input, with no guaranteed market price,  more risky than some other crops. 

Edited April 6 by LadyG

[Ex Brummie]

Before blaming politicians and others you do not like, be aware our own Government is doing very nicely out of this. We would not be getting shortages if we used our own assets that lie beneath the land and sea whilst paying to ship it around the world. Whilst thre price may still be high with a gloal pricing sytem, but we would be getting that revenue instead of  foreign suppliers.Just think of the jobs and taxes we would also benefit from instead of tolerating the lunatic Energy Secretary and his eco zealotry that benefits only the slave labour chinese manufacturers. It is interestingthat he apparently does not drive an electric car, and the drive for solar power will be compromised by shipping delays 

[LadyG]

Politicians are well known for being self centred. No surprise. 

[GUMPY]

37 minutes ago, Ex Brummie said:

Whilst thre price may still be high with a gloal pricing sytem, but we would be getting that revenue instead of  foreign suppliers.

How do you work that one out?

Much of the rights to the oil/gas fields are owned by the same foreign suppliers.

[Alan de Enfield]

9 minutes ago, GUMPY said:

Much of the rights to the oil/gas fields are owned by the same foreign suppliers.

 

 But they would than pay £billions in tax to the UK Government instead of the Norwegian, Iranian or ............... Governments

[GUMPY]

34 minutes ago, Alan de Enfield said:

 

 But they would than pay £billions in tax to the UK Government instead of the Norwegian, Iranian or ............... Governments

You jest.

They've already paid when the rights were sold off. The only people that would pay any tax are the end users like you and me.

As to how much is oil/gas left in the north sea, not a lot is the answer.

Interesting reading

https://post.parliament.uk/north-sea-oil-and-gas/#heading-3

 

[Alan de Enfield]

14 minutes ago, GUMPY said:

You jest.

They've already paid when the rights were sold off. The only people that would pay any tax are the end users like you and me.

As to how much is oil/gas left in the north sea, not a lot is the answer.

 

One of us being poorly advised .

 

They pay a very high taxation rate (78%) on profits.

 

The North Sea operators paid £5 billion tax in 2023

 

The OBR  has forecast that taken together receipts from offshore corporation tax, petroleum revenue tax and the energy profits levy will raise £4.5 billion in 2024/25. Receipts are forecast to fall in future years to £2.0 billion by 2029/30 as energy prices and production decline.

 

Source :  https://commonslibrary.parliament.uk/research-briefings/sn00341/

 

Companies operating in the North Sea pay four main profit‑related taxes

1. Ring Fence Corporation Tax (RFCT) – Main rate 30% on profits from oil and gas extraction, with a “ring fence” that prevents losses from other business activities from offsetting these profits.

2. Supplementary Charge (SC) – 10% on ring fence profits, with no deduction for finance costs.

3. Petroleum Revenue Tax (PRT) – Zero‑rated since 2016, but still in place to allow losses from decommissioning to be carried back against past PRT payments.

4. Energy Profits Levy (EPL) – A temporary surcharge on ring fence profits, currently 38% (raised from 35% in 2024), due to end on 31 March 2030 unless triggered early by low energy

Edited April 5 by Alan de Enfield