Sunday, July 09, 2006

Economics

Called in at Leigh Delamere motorway service station on the M4.
A one litre bottle of still water to 'take away' was very finely priced at £2.07.
Obviously £2.00 was insufficient to provide a profit and required a careful balancing of the forces of supply and demand to get it right.
Meanwhile in Builth Wells yesterday the petrol station puts its price for a litre of petrol up to £1.01. I think though I can rely upon upon the thrifty spirit of the Radnorshire people to jerk quickly on the choke chain of demand and bring this impudent cur to heel.

2 comments:

icedink said...

There are certain things that are just not done, and I think charging more than a quid a litre for fuel is one of them. I am paying 94.9 per litre for diesel just now at Asda on the Isle of Dogs. It's the cheapest place i can find it between work and home. Why country filling stations charge more I just cannot imagine. I supppose the fuel distribution companies would say it has to do with "additional costs", but what are these additional costs, exactly? As to the water, that's just ridiculous. Usury. I bet it was too gasy and induced a burp at an unwelcome moment.

MacDuff said...

Round about 98p per litre is this best i can get in a 20 mile radius of here.
I refused to buy the water and the hallucinations/ mirages began to ease off a bit by the time we got to the Seven Bridge.