As Greenergy now has the rights to market Esso-branded fuel to independent retailers nationwide, is there merit in having a single fuel supplier who is able to offer a range of brand options to cater for different markets?
The acquisition of Murco’s retail business by Patron Capital Partners has been completed, after the deal was agreed in August.
Asda and Tesco have cut fuel prices today (Tuesday, September 30), following the move by Sainsbury’s to drop the price of unleaded petrol and diesel by up to 5ppl across its 294 forecourts. The cuts follow a drop in the wholesale price of crude, and a strengthening of the pound.
Press reports suggesting the Thames Oilport development has been ‘put on ice’ have been dismissed as an overstatement by a spokesman for the project.
Independent fuel retailers have welcomed the announcement from Shell that it is planning to sell up to 250 of its company owned sites to independent dealers.
FUEL PRICES - WHOLESALE
FUEL PRICES - Retail
LOCATION: Just outside Broadstairs on the A255 are two large retail parks both part of the Westwood Gateway complex including major superstores offering fuel at highly competitive prices. They provide fierce competition for my target site the Broadway Garage trading as Morrison's Budgens of Broadstairs.
Scratching the surface
I know I often write about Scott and Phoebe Preston's various sagas on Shetland that's because they're always interesting and possibly because, rather than in spite of, Tagon Stores being so remote. And possibly because Scott keeps me informed of events (hint, hint, if you ever want a story written up, let me know).
It was interesting to read the feature in July's edition of FT 'Change on the Cards', which highlighted the growing frustration of many dealers with fuel cards. As we've pointed out on these pages previously, the real problem with the terms under which most retailers work with those cards is not so much the margin although that could always be better but the adverse impact that the payment terms have on the retailer's cash flow. Unfortunately fuel cards do now represent a very significant chunk of core volume for many dealer sites (and that really means fuel volume historically fuel cards have generated negligible non-fuel sales). These are customers who still come to fill up even if your pole price is 3 or 4ppl more than the nearest supermarket, so it's very difficult to see how anything will change. The tail now wags the dog.
Like all working mothers, I wake up in the morning with a whole list of things that I need to do before the day is over. I have twin girls, so mornings are usually a manic rush getting ready for school you can imagine three females in the house, all vying for the mirror!