Fueling supply chain pushes down prices

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Fueling supply chain pushes down prices

With us doing this, it has forced everyone in North Wales to look at these prices and bring them down.

We are selling out on a daily basis so we are having a tanker delivering every day of the week to our forecourt. The price of oil went up at the beginning of June, but have fallen with oil costs, while the recession fears in the US and elsewhere have hit demand for oil.

Ian Bailey said: Because we're independent, we get the prices every morning. We tap that in and that's what we sell it for. We work on a margin. Bailey said that supermarkets are on a one month lag, so when we were most expensive seven weeks ago, they had the old stock they could sell cheaper.

If the tanks are fuller in the garage, they'll be charging a margin on what they've paid for it in the first place.