Coronavirus (Non-Politics)

[The General]

EJ released their flights for next April this week and those flights are still pretty cheap and you can add luggage for 99p...

 

[Shrimpers are Magic]

Be interesting to see how quickly Gas and Electric prices come down being that demand has to be low due to industry being on lockdown.
I won’t hold my breath.

 

[Tinks]

125% sounds good but you have to wonder whether Cruise Companies will survive this whole business and be around next year.

It has made me think to be honest. If I take the credit and they go bust (although I don’t think that is likely) then that is my money goodbye and then on the other hand with the extra % they are offering it means I can upgrade to a better cabin.
Think my Caribbean trip will be booked this weekend

 

[Tinks]

Be interesting to see how quickly Gas and Electric prices come down being that demand has to be low due to industry being on lockdown.
I won’t hold my breath.

Me neither!

 

[MK Shrimper]

The cruise industry is ****ed Tinks. I'd take the money.

 

[Ricey]

Be interesting to see how quickly Gas and Electric prices come down being that demand has to be low due to industry being on lockdown.
I won’t hold my breath.

Strangely EDF randomly sent me a rebate today.

 

[Chrisb]

The cruise industry is ****ed Tinks. I'd take the money.

I have a friend in the same situation, she said they had a while to decide which option to take but I definitely think take the money.

 

[Shrimpers are Magic]

It has made me think to be honest. If I take the credit and they go bust (although I don’t think that is likely) then that is my money goodbye and then on the other hand with the extra % they are offering it means I can upgrade to a better cabin.
Think my Caribbean trip will be booked this weekend

Fortune favours the brave and life goes on
Go for it!

 

[THE SEVENTIES NORTH BANK]

Be interesting to see how quickly Gas and Electric prices come down being that demand has to be low due to industry being on lockdown.
I won’t hold my breath.

Yes, WTI opened for trading at $18 a barrel this week, and by the end of the day to as low as minus $40 a barrel, yes that's minus, as they had nowhere to put it but it was still being produced, so they paid firms to take it away. It wasn't so long ago when it was $150 a barrel. That was in the USA, but supply and demand has hit all oil producing countries.
So lets see if these rock bottom prices reach us regarding our fuel bills and the petrol pumps.

 

[londonblue]

Yes, WTI opened for trading at $18 a barrel this week, and by the end of the day to as low as minus $40 a barrel, yes that's minus, as they had nowhere to put it but it was still being produced, so they paid firms to take it away. It wasn't so long ago when it was $150 a barrel. That was in the USA, but supply and demand has hit all oil producing countries.
So lets see if these rock bottom prices reach us regarding our fuel bills and the petrol pumps.

In fairness to petrol companies they don't buy at the spot price. They buy futures, so they're constrained to a certain extent by what price they agreed to buy at some months ago. Any price change won't filter down for a few months yet, if at all.

I saw an article from the AA yesterday saying they believe that the forecourt price should be about 10p a litre less than it is. Petrol station owners, however, are really struggling at the moment and are resisting passing on any savings in the hope that they can claw back some of their losses. That may continue even if the price of oil stays the same.

 

[dannypav]

In fairness to petrol companies they don't buy at the spot price. They buy futures, so they're constrained to a certain extent by what price they agreed to buy at some months ago. Any price change won't filter down for a few months yet, if at all.

I saw an article from the AA yesterday saying they believe that the forecourt price should be about 10p a litre less than it is. Petrol station owners, however, are really struggling at the moment and are resisting passing on any savings in the hope that they can claw back some of their losses. That may continue even if the price of oil stays the same.

Also , a huge amount of the UK petrol price is made up of government tax

 

[londonblue]

Also , a huge amount of the UK petrol price is made up of government tax

Which is why the price should only be about 10p cheaper than it currently is.

 

[RobM]

Brent crude 15p a litre -ish, retailer margin about 5p, oil company 5p, fuel duty 58p, 20% VAT on top = 99.6p a litre. Roughly!

For the retailer, the profit comes from the "implant", i.e. the Costa, M&S food only. More profit in a sandwich then a fill-up with fuel!

 

[leroyjean]

Brent crude 15p a litre -ish, retailer margin about 5p, oil company 5p, fuel duty 58p, 20% VAT on top = 99.6p a litre. Roughly!

For the retailer, the profit comes from the "implant", i.e. the Costa, M&S food only. More profit in a sandwich then a fill-up with fuel!

It’s often a close call on the motorways, where the mark-up can be 20%.

 

[RobM]

It’s often a close call on the motorways, where the mark-up can be 20%.

Captive market, many company cars on expenses I bet!

 

[dannypav]

Can't see a thread on this...Are we on the verge of a global pandemic? Or is everyone exaggerating?

This original post still freaks me out a bit for some reason

 

[Special Blue]

This original post still freaks me out a bit for some reason

Me too mate and seems we acted a little to late, wakes123 for PM I say.

 

[KevinJH]

Headline in today's Telegraph: "Two weeks' quarantine if travelling to the UK". I didn't realise until an item on the news yesterday (something about Brits returning from India/Bangladesh) that this wasn't already in place. WTF ?! Smacks of 'horse' and 'bolted'

 

[Ricey]

I spend a lot of time on flight radar looking at the aircraft movements. There is a lot of flights still coming and going to and from the US. I’m not sure if these are passenger or cargo. I thought travel to the US from the UK has been banned?

 

[Member]

I spend a lot of time on flight radar looking at the aircraft movements. There is a lot of flights still coming and going to and from the US. I’m not sure if these are passenger or cargo. I thought travel to the US from the UK has been banned?

You can if you meet certain criteria. I also wonder if transiting on to other places like central/South America is still possible