mart360

Anyone know the current wholesale price on petrol?

is there a website i can visit to see / track??

How is it sold? by the tanker? gallon / litre

Mart

stilover

It doesn't matter what the Wholesale price is.

Wholesales prices are less than in 2008. Yet we are paying way more at the pumps.

alcazar

iTrader: (2)

But the oil companies make hardly ANY profit selling at the pumps and are dfinitely NOT profiteering

It's just a coincidence that they post record profits year on year

mart360

Debate aside ...

Where / how can i find the current wholesale price for petrol.

I'm looking at a project , but need this data to project figures


regs

Mart

FlightMan

Oil is sold in US Dollars so you have to factor in the exchange rate as well. In 2008 it was, from memory $2 to £1. Nothing like that now.

andys

There is no real wholesale price as such, Each customer normally has a individul deal that factors in shipping/ transport and storage costs. It might also be either a one off spot deal price or a term deal which gives a fix price for a length of time.

scubbay

iTrader: (61)

Exactly this but on an average forecourt expect their cost price to be 3-5p less than what they are sellng it for. This is for a competitive garage, if they are a high priced one then they will be making more

The Trooper 1815

iTrader: (31)

http://money.cnn.com/2011/03/09/markets/oil/

Leslie

Same old same old rip off that we should be well used to by now!

Les

scud8

iTrader: (1)

The likes of Shell, Esso etc. separate their petrol retail business from their oil production and refining businesses. The petrol retail side is run on wafer thin margins because it is highly competitive (because of the supermarkets and independents) so makes little if any profit.

The price paid by the retail business to the production/refining business is linked to the open wholesale markets for refined petrol/diesel. When oil prices are high (or refining capacity limited) the wholesale market prices go up so the retail prices go up (because there is no margin to take up any slack). However, the main production/refining businesses make huge profits when wholesale prices are high because their underlying costs don't vary.

JPL

+1 What he said. The Upstream company researches the land/sea, drills the hole and turns the crude into something to sell, fuel, plastics etc.

The downstream part of the business buys the fuel and sells it (very competitively) to the retail market.

So, Esso will sell to Esso, or to Tesco, Asda, etc.

The upstream part of the business tends to be very profitable, downstream not so much.

mart360

Guys,

i'm not after a debate on what retailers charge, what the markups, are, who who is ripping who off.

I need to findout what the current whoesale price of petrol is,and how is it costed, is it by a minimun qty (5000 ltrs) or by a tanker full.

That way i can work out if there is a way it can then be moved on with a profit, but near on zero overheads.

Mart

hodgy0_2

i doubt you can simply broker petrol

and you would not be able to buy it (physically) and store it -- without meeting some pretty serious H&S regulations

you can trade oil - set an account up

fatherpierre

BP must be paying more than anyone else. Or they're taking the michael.

BP near me 137.99 - Shell 128.99. Yet, idiots still queue at BP when the Shell garage is about 2 mins away.

mart360

ArGHHHHH

Please i dont want a debate on what i can or cant do..

All i need is a the current wholesale price of fuel, so i can work out some costings

Mart

zip106

I know it's from the Fail, but ...

http://www.dailymail.co.uk/news/arti...pay-RISES.html

andys

As you have been told there is no wholesale price it varies for each customer

Dunk

iTrader: (1)

Industry benchmark is the John Hall index see:

http://www.logisticsbuyer.fta.co.uk/fuel-prices/

D