Quattromike
Well member-known
So will derv come down next week?
Bob
Well-known member
Oil jumps nearly 4% on possible OPEC+ supply tightening
Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of returning Iranian crude and with the prospect of a drop in U.S. inventories.
Traders will make a fortune again
craig
Well-known member
The way that email reads is the price is going up on the rumor of the price going up.
TiltyShaun
Well-known member
Probably the only thing the BBC can’t miss report is the market prices. If you look at the graph over the different timescales it does show what the trend is. The fact the market itself can move on rumours over OPEC isn’t the fault of the BBC in this instance!!
Quattromike
Well member-known
So do we bulk buy now or wait a few weeks?
TiltyShaun
Well-known member
Depends if you are low!! Does the fact it might go back up 10p a litre upset you? It looks like it will move around a bit, but the winter is coming and having fuel stocked might not be a bad idea. There doesn’t seem to be an immediate end in sight of the Ukraine situation and even if there is, no guarantee that oil embargo will be quickly resolved!! Just my thoughts. No opinion from the BBC!!
Quattromike
Well member-known
The bulk price was actually a 5ppl lower than pump price a few weeks back but it's about 2 ppl above now. If we fill our tank it'll last us circa 6months but if the price drops off in a few weeks it'll have been the wrong time to fill. However it looks like the fuel cost is going up so will be the right time to buy.
TiltyShaun
Well-known member
How much fuel do you purchase to last 6 months?
Quattromike
Well member-known
5KL or there abouts
TiltyShaun
Well-known member
I use about 500l a month depending on where I am working as that is also for the van. I am happy just getting 500l at a time as then I am never far away from what the current price is. Our local filling station is not the cheapest and it is rare for me to be passing a supermarket going to work. I have a 1200litre tank on the farm so 500 suits me well.
Quattromike
Well member-known
Yep I understand that, but if you run a lorry that could go in one fill. Also if you start to get low on fuel and the next delivery won't land for a week or 10days you could find yourself short 
TiltyShaun
Well-known member
So you could go for 3000l at a time and that still shortens your risk profile if you think prices will drop. Whichever way they go you can still top up.Yep I understand that, but if you run a lorry that could go in one fill. Also if you start to get low on fuel and the next delivery won't land for a week or 10days you could find yourself short
Lancs Lad
Well-known member
153.18 ukf. Another 6p rise. 
6
6feetdown
Well-known member
157.48
B
bobthebuilder
Well-known member
150.67157.48
TiltyShaun
Well-known member
Price of oil dropping on the markets, but so is the £££
Quattromike
Well member-known
Coming back 
down to 1.46 next week
down to 1.46 next week
6
6feetdown
Well-known member
152.88
hiluxman
Well-known member
Yep 1.47 here
V8Druid
do it as well as you can,but learn to do it better
hear on the news earlier, Putin has turned off the gas pipeline to Eu, blaming a leak 
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