Yesterday I had to drive to a nearby town, just 20 minutes away, and noticed that every single petrol station there was a good 5p per litre cheaper than my town. I might plug this into a map.
as much as I try to stay away from Google products: waze shows this on the usual driving map quite well
UK government launches fuel forecourt price API
51–60 of 153 posts
Re: UK government launches fuel forecourt price API
#52Earlier quoted context omitted.
as much as I try to stay away from Google products: waze shows this on the usual driving map quite well
I had to give up Waze over xmas because it refused to give me the 1 hour, straight down the motorway route, and instead tried to send me a bizarre route that would take 2.5 hours. Switched to Apple Maps and haven't gone back, though I do miss the fact that Waze shows you your current speed.
this is the only reason I use waze!
Re: UK government launches fuel forecourt price API
#53More unnecessary meddling, this causes price convergence so anyone living close to a typically lower cost source of fuel is going to have an almost imperceptible increase in relative cost. They certainly love spending taxpayer money on nothing don't they.
Providing better price information makes a market work better.
Re: UK government launches fuel forecourt price API
#54More unnecessary meddling, this causes price convergence so anyone living close to a typically lower cost source of fuel is going to have an almost imperceptible increase in relative cost. They certainly love spending taxpayer money on nothing don't they.
> More unnecessary meddling This is a funny take, because we ostensibly assume 'perfect information' when we extol the virtues of capitalism. It would appear the government is supporting capitalism with this particular initiative...
Until this we assume marginality holds true and price dispersion has a benefit in society that we unwittingly enable.
Re: UK government launches fuel forecourt price API
#55When see things like this, I always think of the Chinese proverb "An inch of time is worth an inch of gold, but it is hard to buy one inch of time with one inch of gold" Which always says to me that its not worth it just use the quickest option Take the example drcongo posted: "Yesterday I had to drive to a nearby town, just 20 minutes away, and noticed that every single petrol station there was a good 5p per litre c…
edit: My annual milage is actually very low, so it definitely wouldn't be worth it, but I appreciated the maths either way.
Re: UK government launches fuel forecourt price API
#56Earlier quoted context omitted.
Providing better price information makes a market work better.
In the above model prices converge on a mean, reducing the potential savings for those that price really matters (the poor are the ones most likely to check existing price discovery sites), thus it's regressive - the government are either seeing it as an opportunity to marginally increase tax rake, or more likely are oblivious to the externality of the poor bearing the burden.
This is not a new sites. Its making data more available so sites and apps will have more accurate data. This is most likely to benefit those who are willing to trade convenience for lower costs.
Re: UK government launches fuel forecourt price API
#57In the US gasoline short distance price variations are ridiculous. I've seen it where one station was $3.50/gal and another station on the same main road just a 30 second drive away was $4.30/gal. These two stations almost always have a large difference like that. This kind of large difference over a small distance is common all over the country.
Yet a surprisingly large number of people will always choose the more expensive station, even if they know about both of them (and the other stations with prices consistently in between that are also about equally close). There's nothing about the layout of the town and traffic patterns that make the expensive station more convenient, or make it easy to find. All these stations are about equally busy so it is not like the expensive one is faster. The less expensive one even has a way better convenience store.
This is one of the higher gas price states and people are constantly complaining about how much it costs to fill up, and when I ask complainers about where they buy gas it is often the expensive stations.
Many of them think that if they don't buy at the expensive station it will be bad for their car. Different brands add different detergents and additives that fight clogging and build up of deposits in your engine and fuel system.
However in 1995 the US got a federal standard that all gas has to meet, and then in 2004 several major car makers developed a standard they called "Top Tier" which is about 20 times more effective than the federal standard. Most major gas brands now sell only gas that is certified to meet the Top Tier standard.
Most testing has found that going for something beyond Top Tier doesn't really have a significant benefit for most people. For nearly everyone the best approach is:
(1) Avoid gas that is not at least Top Tier. Generally the only places that sell gas that isn't at least Top Tier are grocery store brands and maybe some convenience store brands. The savings with those brands is usually only a couple or so cents a gallon compared to the least expensive Top Tier brands (ARCO, Costco) and your car will perform better (including improved mpg) and need less maintenance.
(2) Buy the least expensive Top Tier or above gas that is convenient. You aren't going to notice any difference in performance or maintenance if you pay extra for some brand's particular proprietary blend.
Re: UK government launches fuel forecourt price API
#58When see things like this, I always think of the Chinese proverb "An inch of time is worth an inch of gold, but it is hard to buy one inch of time with one inch of gold" Which always says to me that its not worth it just use the quickest option Take the example drcongo posted: "Yesterday I had to drive to a nearby town, just 20 minutes away, and noticed that every single petrol station there was a good 5p per litre c…
Just want to say, nothing wrong with doing that. Everyone has different priorities. I just hope most wont have to do it.
Re: UK government launches fuel forecourt price API
#59When see things like this, I always think of the Chinese proverb "An inch of time is worth an inch of gold, but it is hard to buy one inch of time with one inch of gold" Which always says to me that its not worth it just use the quickest option Take the example drcongo posted: "Yesterday I had to drive to a nearby town, just 20 minutes away, and noticed that every single petrol station there was a good 5p per litre c…
More information is always good.
Re: UK government launches fuel forecourt price API
#60(no comments there yet though!)