Panic buying

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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decomez6
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firlandsfarm wrote:
Tue Oct 05, 2021 11:02 am
The 20% figure confuses me (I'm not questioning it). It means 4 stations need to handle the business of 5. I don't see how that causes such long queues.
un-even distribution of dry stations will result to wider dry areas than others. some stations only have diesel in stock .
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firlandsfarm
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decomez6 wrote:
Tue Oct 05, 2021 11:28 am
firlandsfarm wrote:
Tue Oct 05, 2021 11:02 am
The 20% figure confuses me (I'm not questioning it). It means 4 stations need to handle the business of 5. I don't see how that causes such long queues.
un-even distribution of dry stations will result to wider dry areas than others. some stations only have diesel in stock .
Appreciated but the 20% figure relates to London and the South East so there is some regionalisation built in. Apparently 62% of stations in the South East (PRA doesn't say if that incorporates London) have both fuels. The balancing 18% have one type of fuel (but doesn't clarify which fuel). I agree that part of the reason for the queues is customers redeploying to those stations with fuel but I feel the greater cause of the queues is the 'topper-upers'.
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Euler
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I finally have some petrol. I've been watching Google maps for when traffic builds up at Petrol stations and as soon as I saw it go red I jump in my car and drove there!
greenmark
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Euler wrote:
Tue Oct 05, 2021 2:50 pm
I finally have some petrol. I've been watching Google maps for when traffic builds up at Petrol stations and as soon as I saw it go red I jump in my car and drove there!
My local big tesco has been empty several times over the last 2 weeks (including yesterday). Right now it's "as busy as it gets" according to Google. I'm guessing they've had a delivery.
It's a bit surreal. I read some stations have had 500% increase in demand.
Demand normally is so predictable. But 500%!!!!
The last 18 months has taught me mor about human nature than the previous 58 years.

And just for the record thats not all negative. The selfless dedication of many to doing the right thing has been humbling.
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bennyboy351
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sniffer66 wrote:
Sat Sep 25, 2021 5:11 pm
242926479_10225775358881438_1221769081258190861_n.jpg
:lol: :lol: :lol:
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firlandsfarm
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[quote=firlandsfarm post_id=279355 time=1633435696 user_id=13159
Appreciated but the 20% figure relates to London and the South East so there is some regionalisation built in. Apparently 62% of stations in the South East (PRA doesn't say if that incorporates London) have both fuels. The balancing 18% have one type of fuel (but doesn't clarify which fuel). I agree that part of the reason for the queues is customers redeploying to those stations with fuel but I feel the greater cause of the queues is the 'topper-upers'.
[/quote]


... and perhaps this is the evidence!
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decomez6
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firlandsfarm wrote:
Wed Oct 06, 2021 9:04 am
fuel but I feel the greater cause of the queues is the 'topper-upers'.
... and perhaps this is the evidence!
just in time ( JIT ) business model is a lean efficient way to manufacture and distribute goods and services. the bottleneck arises when you have a high demand for the goods but no workers to deliver the services.
the job centre and many other work agencies keep a JIT labour database .the workers in this reserves are to be deployed on temporary basis to companies experiencing bottlenecks.
alot of the EU workers formed part of that database. some of them lived in shared accommodations in order to minimise their outgoings .
they held no parmanent working cotracts, no government funding and no union representation . they did well to work in a JIT job callouts scenarios( like the fuel shortage,farming, hospitality,cleaning , care work.......etc) .
there is enough fuel in the country and there is a spike demand(panic buy ) for it , the only missing link is a JIT labour supply.
Trader Pat
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The last thing I panic bought was a box of condoms in the late 90's
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Realrocknrolla
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Trader Pat wrote:
Wed Oct 06, 2021 10:31 am
The last thing I panic bought was a box of condoms in the late 90's
The people panic buying the fuel should take a leaf out of your book and then they can stop producing idiots that panic buy fuel. 😆
Trader Pat
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Realrocknrolla wrote:
Wed Oct 06, 2021 10:39 am
Trader Pat wrote:
Wed Oct 06, 2021 10:31 am
The last thing I panic bought was a box of condoms in the late 90's
The people panic buying the fuel should take a leaf out of your book and then they can stop producing idiots that panic buy fuel. 😆

:lol:
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decomez6
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Trader Pat wrote:
Wed Oct 06, 2021 10:40 am
Realrocknrolla wrote:
Wed Oct 06, 2021 10:39 am
Trader Pat wrote:
Wed Oct 06, 2021 10:31 am
The last thing I panic bought was a box of condoms in the late 90's
The people panic buying the fuel should take a leaf out of your book and then they can stop producing idiots that panic buy fuel. 😆

:lol:
FOMO is pat of trading … you either buy it or sell it :D
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Euler
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Petrol everywhere today and life, seemingly, back to normal.
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Derek27
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Euler wrote:
Wed Oct 06, 2021 2:14 pm
Petrol everywhere today and life, seemingly, back to normal.
It will be bacon & sausages next. 100,000 pigs due for slaughter.
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Derek27
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Location: UK

I would have panic-bought some pizzas today, but they ran out! It will be beer next!
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Tuco
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I managed to buy some petrol from a nearby ASDA at 132.7p/l a couple of weeks ago which was only the 5th time I've bought petrol this year - two partial fill-ups in March, then a full fill-up in May and another partial fill in August. At 11pm on 29 Sep there was a queue of about 15 minutes. The cheapest recent fuel was at 102.7p/l in April 2020 and 94.9p/l in July 2015.

I've now averaged less than 3000 miles per annum over the past 12 years and for that privilege have been paying over £500 in annual road tax, the latest being £585. Road Tax should be abolished and a further few pence should be added to the cost of fuel so that those who do the most miles and therefore pollute the most and wear the roads out the most will be paying their fair share.
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