Forecourt Trader - 30 years at the heart of the fuel retailing community

Retailer gloom as fuel volumes fall

04 August, 2008
Retailers predict further fallout in the forecourt network as motorists tighten their belts. merril boulton reports
Page 4 
Gloomy predictions of a further cull in the number of forecourts is echoing around petrol retailing network as high fuel prices in particular and the credit crunch in general have hit fuel sales. Paul Sykes, MD of Huddersfield-based Shaws Petroleum Ltd, said the past eight weeks had seen volumes on his
five sites down, on average by 15%, against the same weeks last year: "Last week we were down 19%. I am told Sainsbury is down 13% and Tesco 10%," he said."I had a day out around our sites with BP in June and suggested that they would own a lot more sites in 12 months' time. I don't think the 'key account manager' realised that I meant through foreclosure on dealers. I don't think it will be 12 months now."By Christmas there will be some big casualties - dealers who have bought at the very top of the market and borrowed heavily to finance the purchases and then been hit by rising prices, increasing the need for working capital just to stock up at a time when demand has fallen off a cliff edge."I have budgeted for a 10% fall in volumes for the next 12 months. At that level, we can just break even. 15% is dire. We actually need another cull in the industry if some independents are to survive. Thank heavens the price is falling - but a shame it has to tumble." PRA director Ray Holloway said there seemed to be a north/south divide with sites in the north worst affected. While he thought fuel sales over the next few weeks would be quieter than the same time last year, on the upside, he said many families would be staying in the UK.He also said forecourt shop sales were not suffering in the same way: "People value a forecourt because of its range of services. Price is not a big issue in convenience - people buy food as they need it rather than stock up in the supermarket."



  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 2 September 2019
RegionDieselLPGSuper ULUL
East132.3563.90140.80128.93
East Midlands132.1271.23141.73128.82
London131.70142.12129.26
North East130.66140.60128.17
North West131.39140.18128.47
Northern Ireland129.03134.10126.35
Scotland131.70139.60128.79
South East132.7358.90141.28129.68
South West131.9563.90140.12128.70
Wales130.9855.70137.19127.82
West Midlands131.6066.90140.32129.05
Yorkshire & Humber131.2384.90140.57128.52

Most read

As the Government is urged to publish its plans for E10 by the All Party Parliamentary Group (APPG) for British Bioethanol, would you welcome the introduction of E10 as the right next step in cutting automotive carbon emissions?