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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 9:40 
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AceAceBaby wrote:
Dudley wrote:
£60 of course won't cover most cars these days.
Sheesh. I still come in under £60 filling a land rover to the brim with diesel (that stuff that costs more than petrol). My Fiat takes a little over half that. What is everyone driving these days? Endurance rally/raid landcruisers?
My Omega has a 70 litre tank, and £60 buys you about 55 litres of fuel these days. Pretty much every saloon I've ever driven has a 55-60 litre tank size, I think. Your Landie's tank must be, what, 50 litres or something? Depends how low you run it before you fill it up of course.
Mr Chris wrote:
It seems like only a few months ago that it was below 95p a litre, and only a year or two ago that it was 70p a litre.
I started driving when I lived in Gloucester, which was Sept 1996-June 1997. Fuel then was around the 67p/litre mark. Be interesting to see any pricing graphs showing the increases since then.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 9:43 
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Wow, I just paid my fuel bill for the year. £152 for about 11,000 miles.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 9:49 
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richardgaywood wrote:
Your Landie's tank must be, what, 50 litres or something? Depends how low you run it before you fill it up of course.


55 litres from empty. Don't ask me how I know. :'(

I read that the price of oil has actually fallen. Of course, the price in US dollars per barrel has increased, but that's because the US dollar is worth the same as Monopoly money.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 10:27 
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richardgaywood wrote:
Mr Chris wrote:
It seems like only a few months ago that it was below 95p a litre, and only a year or two ago that it was 70p a litre.
I started driving when I lived in Gloucester, which was Sept 1996-June 1997. Fuel then was around the 67p/litre mark. Be interesting to see any pricing graphs showing the increases since then.


Another Gloucestrarian! We are legion.

I shall have a look around for pricing graphs and report back. If it could show the split int he increases between profit and tax, that would be perfect, but I'm not holding my breath.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 10:30 
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At 111.9 (which it went up to at the Shell near work this week, it's 112.9 at one nearer home), 55 litres of V-Power takes me past £60. My average fill went over £60 a few of months ago, when we hit 109.9.

At the moment I've no idea how many miles that gets me because I'm putting just over 30 litres in at a time to maximise my win on the stupid little toy cars. I started my second lap yesterday.

I once got 60.11 litres into the 60 litre tank; the computer'd been saying 0 miles remaining (flashing '---', rather) for ten minutes by the time I managed to get to a pump. It was pretty cold though, so I'm sure I wasn't really running on what was left in the fuel pump and line.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 10:31 
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AHAH!

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 10:35 
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I find a discrepancy in that graph. Mainly that it thinks 2007-1995 = 10.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 10:44 
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Grim... wrote:
I find a discrepancy in that graph. Mainly that it thinks 2007-1995 = 10.


Or that six months ago petrol cost 95p a litre!

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 10:48 
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Curiosity wrote:
Grim... wrote:
I find a discrepancy in that graph. Mainly that it thinks 2007-1995 = 10.


Or that six months ago petrol cost 95p a litre!


It did, though. When I started at my new job last June, which involves driving to work, petrol was circa 95p a litre.

Grim... has a point though, but what do you expect from right wing, single issue websites? Someone feel free to find a better graph. Or draw one from memory.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 10:58 
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BikNorton wrote:
I once got 60.11 litres into the 60 litre tank
Wuss. I've quite often put 62-63 litres into 60 litre tanks, when they've really been run quite dry first. There's always a bit more room than the spec sheet claims, particularly if you are literally filling it to the brim i.e. right up to the level of the filler cap
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the computer'd been saying 0 miles remaining (flashing '---', rather) for ten minutes by the time I managed to get to a pump.
Yeah, I've had the Omega stuck on "0 miles left" too. There's a bug actually, whereby if you just put a fiver in when it's down below the "25 miles left" warning, it doesn't reset the range warning so I once drove to Cardiff and back with it saying "0 miles left" the whole way.

I also actually run out of petrol once. That was annoying.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:01 
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Grim... wrote:
I find a discrepancy in that graph. Mainly that it thinks 2007-1995 = 10.
Also, if you divide the tax amount by the pump price, you find that in relative terms (which is how it is calculated of course) tax has fallen. The numbers across the years are 73%, 77%, 77%, 67%, 67%. Required reading.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:02 
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richardgaywood wrote:
Grim... wrote:
I find a discrepancy in that graph. Mainly that it thinks 2007-1995 = 10.
Also, if you divide the tax amount by the pump price, you find that in relative terms (which is how it is calculated of course) tax has fallen. The numbers across the years are 73%, 77%, 77%, 67%, 67%. Required reading.


Yeah, even doing that on a quick guesstimate it looked like tax had dropped, relatively speaking. Which means the petrol companies are just gouging us.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:05 
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Mr Chris wrote:
Which means the petrol companies are just gouging us.
I'm sure that they would say that their costs are going up all the time and they are just passing those costs on to the consumer. And how could we, humble consumers, possibly prove otherwise?


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:06 
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richardgaywood wrote:
And in more recent news...


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:21 

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AceAceBaby wrote:
Dudley wrote:
£60 of course won't cover most cars these days.


Sheesh. I still come in under £60 filling a land rover to the brim with diesel (that stuff that costs more than petrol). My Fiat takes a little over half that. What is everyone driving these days? Endurance rally/raid landcruisers?


£60 is a little over 50 litres of diesel. My Corsa has a 40 litre tank, I'd be astonished if anything from a 3 series up didn't have more than 50. Petrol owners of course fair slightly better but it's still only 55 litres and if a Corsa has 40, surely most things have >55 otherwise you'd be filling up your stupid 3.0 penismobile every 2 journeys.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:21 

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richardgaywood wrote:
Mr Chris wrote:
Which means the petrol companies are just gouging us.
I'm sure that they would say that their costs are going up all the time and they are just passing those costs on to the consumer. And how could we, humble consumers, possibly prove otherwise?


It's worth pointing out that's all in refining. Petrol STATIONS do not make money, pretty much literally.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:32 
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Why is petrol going up? Oil is priced in dollars, so the price of a barrel is going up as the dollar continues its kamikaze dive headlong into the shitter.

But surely at the same time, other currencies (including sterling, for now) can buy more dollars and therefore more (well, the same) oil. Yet the pump price goes up?


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:32 
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In fascist USA, petrol buys YOU.
Er um, or something.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:40 
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Dudley wrote:
It's worth pointing out that's all in refining. Petrol STATIONS do not make money, pretty much literally.
Yeah, point taken. (What follows is my understanding of the economics at play here, apologies if I'm misguided on anything.) The reason many stations struggle to make money (and indeed, the reason stations sell you overpriced milk, on which their margins are much higher than the petrol) is because they are franchises. The petrol distribution arm of Shell or Texaco or BP or whoever makes a fat ton of cash. Consider the previous graph, even coming from Right-Wing-Ville, which shows that 25p or so of the pump price goes to the firm. I understand that the petrol station itself sees vanishling little of that, just a fraction of a penny per litre; the rest is pretty much by definition going to end up in either the distribution firm and the refining firm. And they are the same firm!


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:41 
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richardgaywood wrote:
Dudley wrote:
It's worth pointing out that's all in refining. Petrol STATIONS do not make money, pretty much literally.
Yeah, point taken. (What follows is my understanding of the economics at play here, apologies if I'm misguided on anything.) The reason many stations struggle to make money (and indeed, the reason stations sell you overpriced milk, on which their margins are much higher than the petrol) is because they are franchises. The petrol distribution arm of Shell or Texaco or BP or whoever makes a fat ton of cash. Consider the previous graph, even coming from Right-Wing-Ville, which shows that 25p or so of the pump price goes to the firm. I understand that the petrol station itself sees vanishling little of that, just a fraction of a penny per litre; the rest is pretty much by definition going to end up in either the distribution firm and the refining firm. And they are the same firm!


Petrol stations make most of their money through the shop, I believe. And as for motorway service stations, if they weren't legally required to have them they wouldn't bother with the petrol station - it'd just be a Holiday Inn and a Welcome Break. Or so I have heard from people in the know.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:50 
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Mr Chris wrote:
Petrol stations make most of their money through the shop, I believe. And as for motorway service stations, if they weren't legally required to have them they wouldn't bother with the petrol station - it'd just be a Holiday Inn and a Welcome Break. Or so I have heard from people in the know.
That seems short-sited, as although you don't get any money from the petrol customers you do get footfall. You could argue that people stop on the motorway for a break as much as to get petrol, I suppose, and hence removing petrol wouldn't change the overall customer numbers coming onto the premises but that doesn't feel likely to me.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 11:57 
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richardgaywood wrote:
Mr Chris wrote:
Petrol stations make most of their money through the shop, I believe. And as for motorway service stations, if they weren't legally required to have them they wouldn't bother with the petrol station - it'd just be a Holiday Inn and a Welcome Break. Or so I have heard from people in the know.
That seems short-sited, as although you don't get any money from the petrol customers you do get footfall. You could argue that people stop on the motorway for a break as much as to get petrol, I suppose, and hence removing petrol wouldn't change the overall customer numbers coming onto the premises but that doesn't feel likely to me.


Yes, I'd agree that it seems more likely that you wouldn't stop there if there were no petrol - filling the tank up has been the main reason for probably more than 75% of the times I've stopped at service stations. It's really only on very long journeys when you stop just for a coffee or lunch.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 12:00 
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BikNorton wrote:
Why is petrol going up? Oil is priced in dollars, so the price of a barrel is going up as the dollar continues its kamikaze dive headlong into the shitter.

But surely at the same time, other currencies (including sterling, for now) can buy more dollars and therefore more (well, the same) oil. Yet the pump price goes up?


:bulb: *mumbles something about costs of doing business in different markets, hedge funds, hookers and coke...*

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 13:06 

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richardgaywood wrote:
Dudley wrote:
It's worth pointing out that's all in refining. Petrol STATIONS do not make money, pretty much literally.
Yeah, point taken. (What follows is my understanding of the economics at play here, apologies if I'm misguided on anything.) The reason many stations struggle to make money (and indeed, the reason stations sell you overpriced milk, on which their margins are much higher than the petrol) is because they are franchises. The petrol distribution arm of Shell or Texaco or BP or whoever makes a fat ton of cash. Consider the previous graph, even coming from Right-Wing-Ville, which shows that 25p or so of the pump price goes to the firm. I understand that the petrol station itself sees vanishling little of that, just a fraction of a penny per litre; the rest is pretty much by definition going to end up in either the distribution firm and the refining firm. And they are the same firm!


Yes this is pretty much all accurate to my knowledge.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 13:07 
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I'm sure I read an article recently that was about petrol stations closing all over the place due to everyone filling up at supermarkets nowadays, as the supermarkets sell petrol at BELOW cost price.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 13:43 
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Curiosity wrote:
I'm sure I read an article recently that was about petrol stations closing all over the place due to everyone filling up at supermarkets nowadays, as the supermarkets sell petrol at BELOW cost price.
I don't think they flat out sell petrol at a loss but they are certainly happy to sell it at cost. Part of it is getting you to visit the store ("I can do my shopping and get petrol at the same time") and part of it is so they can keep the little shop open longer hours than the store and clean up on selling overpriced milk and bread to forgetful people.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 14:15 
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The bread is only overpriced because the corner shops threw a hissy fit at the 2p loaves.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 14:32 
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Not becasue of the massive floods last year destroying all the wheat then?

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 14:35 
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No - 2p bread was years ago.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 14:49 
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Ah, was it a price war style thing then, like when supermarkets were actually paying YOU to take their baked beans?

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 14:53 
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Didn't that happen with bananas once? I can remember a story about a guy getting so many loyalty points on bananas that they were effectively minus cost. He bought about half a tonne of the things.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 14:55 
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Yes, it was when Tesco gave a load of bonus clubcard points on bananas that effectively made them cheaper than the cost of the bananas.

He gave the bananas away in the car park, and claimed his clubcard points.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 23:25 
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Curiosity wrote:
I'm sure I read an article recently that was about petrol stations closing all over the place due to everyone filling up at supermarkets nowadays, as the supermarkets sell petrol at BELOW cost price.


Yes, but that's a false economy, as the supermarkets provide much worse petrol, which takes you less far. I've found that filling up at a proper petrol station is much cheaper, despite the cost per litre being higher, as the fuel gets me further.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 23:27 
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Mr Dave wrote:
Curiosity wrote:
I'm sure I read an article recently that was about petrol stations closing all over the place due to everyone filling up at supermarkets nowadays, as the supermarkets sell petrol at BELOW cost price.


Yes, but that's a false economy, as the supermarkets provide much worse petrol, which takes you less far. I've found that filling up at a proper petrol station is much cheaper, despite the cost per litre being higher, as the fuel gets me further.


You're clearly taking the piss, right?

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 23:30 
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No. I'm not.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 23:33 
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Supermarkets water down their petrol?

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Thu Apr 17, 2008 23:35 
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I don't buy this. I've heard rumours on and off for years, and there was that off batch of Tesco petrol a few years ago, but if there really was something systematically wrong with supermarket petrol we'd have tons of verified actual cases and some juicy lawsuits now.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 1:01 
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richardgaywood wrote:
there was that off batch of Tesco petrol a few years ago

A few months ago.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 1:10 
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richardgaywood wrote:
I don't buy this. I've heard rumours on and off for years, and there was that off batch of Tesco petrol a few years ago, but if there really was something systematically wrong with supermarket petrol we'd have tons of verified actual cases and some juicy lawsuits now.


Not wrong, per se, just inferior. There's hardly going to be a lawsuit for charging less for an inferior product. With Sainsburys petrol*, 2 return trips from London to Bristol is not going to happen in my car. With Esso petrol, it's not a problem.

* - I'd usually be for persuading people to buy at Sainsburys, as I have somthing of an interest in increasing their profits.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 2:15 
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How many more miles do you think you get out of Esso fuel (roughly)?

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 8:47 
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Lave wrote:
I generally think that a few pence in the pound "reward" is not worth giving the company a detailed breakdown of everything I buy, where I buy it and when. Tied to who I am.

I talked to a friend who work's quite high up in Sainsburys sales and they explained to me that they analyse your purchases to see what economic class you are likely to fall into (finest/value range etc) and then sell this information to marketers, banks and credit agencies.

Obviously individual information can't be sold (yet), so they sell it buy post code. In 'blocks' of a street.

I loathe loyalty cards. They are evil as fuck.


Yay! This saved me lots of typing, thanks. I'm quite sick of being asked if I have a nectar card. No, I don't, and if you ask me tomorrow as well I'm going to start paying for everything in 5p coins. I don't care what the policy is, we both know I don't have one of your stupid cards.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 8:50 

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Mr Dave wrote:
Curiosity wrote:
I'm sure I read an article recently that was about petrol stations closing all over the place due to everyone filling up at supermarkets nowadays, as the supermarkets sell petrol at BELOW cost price.


Yes, but that's a false economy, as the supermarkets provide much worse petrol, which takes you less far. I've found that filling up at a proper petrol station is much cheaper, despite the cost per litre being higher, as the fuel gets me further.


The short version is that virtually always it's the same petrol. When I worked at Tesco we saw Texaco lorries as often as Tesco ones for example, franchises of Shell and the like just buy local petrol. The Tesco problems were confined to 1 single depot in Essex, which also supplied Morrisons in the area.

That said, I have 3 BPs right next to each other here near Hammersmith, and a Tesco near my parents in Amersham, once I get my car back I'll try both on the next two fill ups.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:09 
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I vaguely recall from the internets around the fuel protests that all the petrol/fuel/whatever comes from something like two refineries.

The difference in the fuels comes when the companies add their own additive packages- the stuff that make Michael Schumachers tropical fish swim faster, or clean your engine etc.

It's like the companies trade/buy each other's fuel in different countries etc. I guess that saves a lot on transport costs.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:20 
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richardgaywood wrote:
I don't buy this. I've heard rumours on and off for years, and there was that off batch of Tesco petrol a few years ago, but if there really was something systematically wrong with supermarket petrol we'd have tons of verified actual cases and some juicy lawsuits now.


I know it's supposed to be the same stuff and everything, but I remain convinced that there's "something" a bit different between Tesco and BP petrol.
We tried it with a Honda Insight recently. The Tesco fuel gets between 5 and 10MPG worse per tank. Repeatedly, over the same commute cycle.
Not that there's necessarily anything wrong with it, it just doesn't seem to let the car stay in lean-burn as well.

I would like to know what the difference is.

Mr Dave, what kind of car have you got?


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:30 
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Volvo 440. I'll ask my uncle (who used to work at BP) what the difference is. All he's said to me is that there was one when he worked there, but that they weren't really supposed to talk about it much.

As I said earlier, it's quite capable of consistently doing an extra london->Bristol length journey with Esso petrol over the sainsburys stuff. And I am not the only person I know who has found this.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:34 
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But *why* would they bother doing this?

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:37 
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Beats me.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:46 
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It's what they don't bother doing that makes the difference.

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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:52 
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The theory here is that there are some additives that the expensive petrol stations add to their fuel that makes the car rum better that the supermarkets don't both with. I am extremely unconvinced, for the same reasons that I know all fuel pills and suchlike are scammy rubbish: there is basically not much you can put in petrol that does drastically effect how the car runs, certainly not on the "noticeable MPG higher" level that people claim to observe. Here is some interesting reading around this.


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 Post subject: Re: 'Loyalty' cards, "How do I 'be' MATALAN?", and Chip & Pin
PostPosted: Fri Apr 18, 2008 9:57 
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Perhaps it is actually rum rather than petrol.

I used to scoff at the idea that there was any practical difference myself, and I still think you'd be unlikely to notice it in a normal car. But as I say, it's repeatable and definitely a big enough difference to notice on the Honda above normal variation, looks like at least 6 or 7 %.


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