Fuel price rises

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Has anyone else noticed that fuel prices are creeping up at 1 or 2p a week?

We walk past a station a couple of times a week and the price of diesel has gone up 10p at least in the last 4 weeks since the start of the year.
This is going to have a knock-on effect with all the prices in the shops as everything still travels on the back of a diesel engine.
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  • TomokoAdhamiTomokoAdhami Forumite
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    Probably, retailers overcharging drivers by 2p-a-litre and calling it 'lockdown bonus'. Or maybe they want drivers to switch to electric vehicles. 
  • Penguin_Penguin_ Forumite
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    Consumption is down so prices go up a bit to cover this.
  • edited 29 January at 8:36AM
    Flight3287462Flight3287462 Forumite
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    edited 29 January at 8:36AM
    Probably, retailers overcharging drivers by 2p-a-litre 
    Why would you call it overcharging?  The filling station needs to make money and if sales are down ~50% then they will need to charge more to break even and make their margin.  Just basic economics.

    Plus the price of oil is up just under $10 in the same period.
  • scrappy_returnsscrappy_returns Forumite
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    Fuel prices are still below what they were before lockdown. Simply supply and demand.
  • Car_54Car_54 Forumite
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    Probably, retailers overcharging drivers by 2p-a-litre 
    Why would you call it overcharging?  The filling station needs to make money and if sales are down ~50% then they will need to charge more to break even and make their margin.  Just basic economics.

    Plus the price of oil is up just under $10 in the same period.
    Don't basic economics say that if demand is down prices go down, to stimulate sales?
  • 203846930203846930 Forumite
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    the price of oil is up just under $10 in the same period.

    If that were the criteria for the price at the pump changing then the same would happen if the price of oil fell but that never happens.
  • glennevisglennevis Forumite
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    When I walked past my local filling station this afternoon I was surprised to see petrol was more than diesel. When did that happen?
  • edited 29 January at 10:53PM
    ontheroad1970ontheroad1970 Forumite
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    edited 29 January at 10:53PM
    glennevis said:
    When I walked past my local filling station this afternoon I was surprised to see petrol was more than diesel. When did that happen?
    It used to happen all the time.  Albeit a long time ago.
  • edited 30 January at 1:53AM
    macmanmacman Forumite
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    edited 30 January at 1:53AM
    Car_54 said:
    Probably, retailers overcharging drivers by 2p-a-litre 
    Why would you call it overcharging?  The filling station needs to make money and if sales are down ~50% then they will need to charge more to break even and make their margin.  Just basic economics.

    Plus the price of oil is up just under $10 in the same period.
    Don't basic economics say that if demand is down prices go down, to stimulate sales?
    I don't see that working at present, because if no-one can drive anywhere other than for business or essential shopping, then they're not going to be filling up much, even if prices were to drop. It's not as if you can take it home and stockpile it (at least I hope not).
    Lockdown has massively reduced demand and mileage, as the insurance claim figures show.
    No free lunch, and no free laptop ;)
  • 203846930203846930 Forumite
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    It has been almost a full year since I last filled the tank on my Dacia Logan, fair enough I have only done about 480 miles in that time but still.
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