I got frustrated that every fuel price app just shows you what's cheap nearby. I wanted to know how stations actually behave: do prices go up faster than they come down, do supermarkets really save you much, how bad are motorway prices really?
So I built a scraper that hits the UK government's mandatory Fuel Finder API every 10 minutes and stores every price change. 90k records across 7,700 stations since January.
Some things I found that surprised me:
The rocket and feather effect is real and measurable. When stations raise prices the average move is 2.35p/litre. When they cut, it's 1.85p. There are also more up moves than down moves. I queried the raw history to check this rather than eyeballing a chart.
Motorway fuel is 28.4p/litre more expensive than everywhere else right now. That's about £14 extra on a 50L fill. Everyone knows motorways are expensive but I didn't expect the gap to be that wide.
The supermarket discount is only about 1.7p. I assumed it would be bigger.
Stack is Azure Functions, TimescaleDB, PostGIS, Next.js. The interesting thing about this project is the history. No public site shows how an individual station has priced over time or how a local cluster of stations react to each other. That's what I'm building towards.
Another insightful way to look at this is to include gasoline spot market data as a comparison.
I kept hearing about the vast profits of gas stations, so one day I started a spreadsheet of my gas purchases and kept it going over 10 years. When I tried lining up the graph of what I have actually paid per litre with a spot market graph, after converting for currency, units, taxes etc, they were almost identical, indicating extremely slim margins, if any. Yes there were differences, places in the graph where stations had likely made money on my purchase, but there were just as many where they likely lost money, unless I also stepped inside to but a snack.
You are correct. Non-chain gas stations often make only as little as one or two cents per liter, and that's before you look at pump maintenance, inspections, periodical tank replacements/upgrades/liners and other costs.
Manned stations really need that shop otherwise they'd go bankrupt.
Chains make a bit more money but mostly because they can play longer games with stock and options on much larger volume buys.
And yet I see in earnings that companies like BP and Shell make record profits over increased gas prices. How come that they do profit but the station holders not? Are shell/bp increasing the margin harder and eating the station’s lunch?
I think majority of the profits come from extracting the oil from the ground, much less from refining (more competetive - everyone can just build more refineries if margins become high enough), and the least from retail (gas stations).
> How come that they do profit but the station holders not? Are shell/bp increasing the margin harder and eating the station’s lunch?
Here in Germany, many stations aren't even involved in selling the gas. That's what that magical line "Verkauf von Kraft- und Schmierstoffen im Namen der <Firma>" on the receipt says - the fuel and oil are on paper/for accounting purposes sold by the oil company whose brand is on the flag.
Independent gas stations (e.g. in Bavaria, the Allguth chain) exist, and they buy, store, distribute and sell their fuel on their own, but in the end everyone is bound to the same few refineries - virtually all (!) of Eastern Germany, Berlin, the Berlin airport and Western Poland for example depend on the PCK refinery complex in Schwedt [1], in Bavaria 2/3rd of the market is supplied by the two Bayernoil refineries in Vohburg and Neustadt [2], the rest by Gunvor (ex-Esso/Exxonmobil) [3].
No matter if you are an independent or brand-owned gas station... there is about zero competition on the supply side. It's all the same gas and diesel, the only practical difference is the additives for the ultra-high-octane fuel. And that in turn means very little competition at the pump, and owners of independent gas stations being hit the hardest.
There's a reason why Allguth stations more resemble a 24/7 supermarket, restaurant and beer hall than a gas station.
Opening a gas station is a lot easier than acquiring mineral rights, drilling an oil well, refining that oil, and getting it to market. Oh, and your customers can't just drive across the street to your competitor because they are 1c/litre cheaper.
There's naturally going to be a lot more friction and a lot less pop-up competition and therefore a lot more margin on the supply side of things.
The station has no power to raise margin - they are in tight competition with every other low-margin station around them. The suppliers, on the other hand... If they invested into wells that aren't affected by the war 10 years ago, and their competitors haven't (or have, but can't supply all the world's oil needs), and there's a global supply shortage - they have lots of room to raise prices.
Good shout. DESNZ publishes weekly wholesale rack prices and they are OGL, so there is no barrier there. The interesting bit isn't just showing the gap; it's the propagation lag. Wholesale spikes and pump prices follow within days. Wholesale drops and pump prices take their time. That asymmetry is basically what I built this dataset to measure. Adding the wholesale series as a reference line is on the list.
>The rocket and feather effect is real and measurable. When stations raise prices the average move is 2.35p/litre. When they cut, it's 1.85p. There are also more up moves than down moves. I queried the raw history to check this rather than eyeballing a chart.
Comparing the absolute size of price rises vs drops doesn't make sense, because it could very well be an issue with the underlying price (eg. crude oil or whatever). It seems hardly fair to blame gas stations for being slow to lower prices, when refineries are still also slow to lower prices. Same for blaming refineries when the global market is slow to lower prices.
The US government publishes data on this (eg. https://www.eia.gov/petroleum/gasdiesel/). The UK government might have something similar. Barring that, you can use Brent crude as a proxy.
For the "supermarket saving", did you include Asda in the supermarket pool, or as a general pool? They seem to be rather less price competitive than other supermarkets, I'd presumably because of the recentish private equity takeover involving petrol station operator Euro Garages meaning they've kinda opted out of the petrol price war (they're hardly likely to want to undercut their existing forecourts).
Although the other recent private equity takeover of Morrisons led to some sort of deal with Motor Fuels Group to operate their petrol stations (but no ownership stuff in this case?), but they're seemingly still being competitive with Sainsbury's and Tesco's.
Yeah Asda is in there. I match on brand name directly rather than the API's is_supermarket flag because that flag is all over the place (loads of Asda stations don't have it set). So it explicitly checks for Asda, Tesco, Morrisons, Sainsbury's, Co-op, Costco.
Your point about post-PE Asda is interesting, I've noticed it too. If you want to see how they compare individually you can check the brands page on the site, shows each supermarket chain as its own line. Pretty easy to split the supermarket aggregate out per brand too, would probably show Asda creeping back towards the independents since the takeover. Might add that.
It is well established that Costco sells Top Tier brand fuel at zero margins, so you could have just tracked Costco prices. In the US, Walmart, Kroger, and Albertsons also sell fuel at near zero margins, but it’s not Top Tier branded.
> So I built a scraper that hits the UK government's mandatory Fuel Finder API every 10 minutes and stores every price change. 90k records across 7,700 stations since January.
Only 1 change per station per week on average? Fewer than I expected. Not sure I'd call it a scraper, myself.
It is, up to the point where payment limits hit, or things are not set to auto-scale for that reason, or the project just isn't designed in a way to actually take advantage of the scaling (in which case you might be better off on your own/rented servers which will be much cheaper than one of the big clouds, unless you don't want the faf of managing backups & other admin and freedom from that is worth the extra cost).
In Germany fuel processes must be reported to the anti trust authority (Bundeskartellamt) the data is than published to providers of apps and websites. Unfortunately there isn't a free public data stream from them.
checked the db, tesco e5 is 163.8p average across 292 stations in the last 21 days. Worth spot checking a few specific stations if it still looks off to you.
So I built a scraper that hits the UK government's mandatory Fuel Finder API every 10 minutes and stores every price change. 90k records across 7,700 stations since January.
Some things I found that surprised me:
The rocket and feather effect is real and measurable. When stations raise prices the average move is 2.35p/litre. When they cut, it's 1.85p. There are also more up moves than down moves. I queried the raw history to check this rather than eyeballing a chart.
Motorway fuel is 28.4p/litre more expensive than everywhere else right now. That's about £14 extra on a 50L fill. Everyone knows motorways are expensive but I didn't expect the gap to be that wide.
The supermarket discount is only about 1.7p. I assumed it would be bigger.
Stack is Azure Functions, TimescaleDB, PostGIS, Next.js. The interesting thing about this project is the history. No public site shows how an individual station has priced over time or how a local cluster of stations react to each other. That's what I'm building towards.
Site: https://fuelinsight.co.uk
Happy to talk through the architecture or the data if anyone's interested.
I kept hearing about the vast profits of gas stations, so one day I started a spreadsheet of my gas purchases and kept it going over 10 years. When I tried lining up the graph of what I have actually paid per litre with a spot market graph, after converting for currency, units, taxes etc, they were almost identical, indicating extremely slim margins, if any. Yes there were differences, places in the graph where stations had likely made money on my purchase, but there were just as many where they likely lost money, unless I also stepped inside to but a snack.
Manned stations really need that shop otherwise they'd go bankrupt.
Chains make a bit more money but mostly because they can play longer games with stock and options on much larger volume buys.
Source: former gas station owner.
Here in Germany, many stations aren't even involved in selling the gas. That's what that magical line "Verkauf von Kraft- und Schmierstoffen im Namen der <Firma>" on the receipt says - the fuel and oil are on paper/for accounting purposes sold by the oil company whose brand is on the flag.
Independent gas stations (e.g. in Bavaria, the Allguth chain) exist, and they buy, store, distribute and sell their fuel on their own, but in the end everyone is bound to the same few refineries - virtually all (!) of Eastern Germany, Berlin, the Berlin airport and Western Poland for example depend on the PCK refinery complex in Schwedt [1], in Bavaria 2/3rd of the market is supplied by the two Bayernoil refineries in Vohburg and Neustadt [2], the rest by Gunvor (ex-Esso/Exxonmobil) [3].
No matter if you are an independent or brand-owned gas station... there is about zero competition on the supply side. It's all the same gas and diesel, the only practical difference is the additives for the ultra-high-octane fuel. And that in turn means very little competition at the pump, and owners of independent gas stations being hit the hardest.
There's a reason why Allguth stations more resemble a 24/7 supermarket, restaurant and beer hall than a gas station.
[1] https://www.faz.net/aktuell/wirtschaft/unternehmen/pck-raffi... / https://archive.ph/qtvd8
[2] https://de.wikipedia.org/wiki/Bayernoil
[3] https://de.wikipedia.org/wiki/Gunvor_Raffinerie_Ingolstadt
There's naturally going to be a lot more friction and a lot less pop-up competition and therefore a lot more margin on the supply side of things.
The station has no power to raise margin - they are in tight competition with every other low-margin station around them. The suppliers, on the other hand... If they invested into wells that aren't affected by the war 10 years ago, and their competitors haven't (or have, but can't supply all the world's oil needs), and there's a global supply shortage - they have lots of room to raise prices.
Comparing the absolute size of price rises vs drops doesn't make sense, because it could very well be an issue with the underlying price (eg. crude oil or whatever). It seems hardly fair to blame gas stations for being slow to lower prices, when refineries are still also slow to lower prices. Same for blaming refineries when the global market is slow to lower prices.
The US government publishes data on this (eg. https://www.eia.gov/petroleum/gasdiesel/). The UK government might have something similar. Barring that, you can use Brent crude as a proxy.
Although the other recent private equity takeover of Morrisons led to some sort of deal with Motor Fuels Group to operate their petrol stations (but no ownership stuff in this case?), but they're seemingly still being competitive with Sainsbury's and Tesco's.
Your point about post-PE Asda is interesting, I've noticed it too. If you want to see how they compare individually you can check the brands page on the site, shows each supermarket chain as its own line. Pretty easy to split the supermarket aggregate out per brand too, would probably show Asda creeping back towards the independents since the takeover. Might add that.
Only 1 change per station per week on average? Fewer than I expected. Not sure I'd call it a scraper, myself.
157p/L national average is about 8 USD/G.
For now data can only be exported as xlsx but with the open data orientation of Québec's government, I guess it will be available soon
List of authorized places using the data: https://www.bundeskartellamt.de/DE/Aufgaben/Markttransparenz...
One of those vendors publishes it as creative commons data set, though. Including historic data. https://creativecommons.tankerkoenig.de/
[0]: https://idiallo.com/blog/handling-1-million-web-request