Wednesday, October 27, 2021

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    Panic buying of fuel shows early signs of easing

    According to government and industry statistics, the “madness” of driver panic buying during the UK fuel crisis, which depleted most of Britain’s 8,000 gas stations, is an early sign of dissolution.

    Brian Maderson, chairman of the Gasoline Retailers Association, an industry group, said the situation remains very difficult, with garages running out within hours of securing new supplies, but his members show signs of easing. He said he saw it.

    “Panic buying continues, it certainly hasn’t disappeared, but it’s not at a slightly more enthusiastic rate,” Maderson told the Financial Times.

    “Many of our members still have dry tanks, but we hope to achieve some sort of equilibrium between supply and demand by the weekend.”

    The government is increasing pressure to grasp the crisis. The crisis began with limited fuel supply disruptions to gas stations due to a shortage of heavy-duty truck drivers, followed by panic buying by depleted drivers over the weekend.

    Ministers have repeatedly stated that refineries and storages will not run out of fuel, Waiting army We will assist you in delivering to your garage if needed.

    The government also loosened Visa requirements Allows fuel suppliers to work together to share data for the suspended aspects of competition law with foreign HGV drivers.

    Secretary of Transportation Grant Shapps said the government was seeing “a very tentative sign of stabilization” after drivers lined up outside the gas station for days.

    “Currently, a lot of petrol has been transferred to people’s cars, and the vestibular storage has the first very tentative signs of stabilization, which have not yet been reflected in the queue, but it is the first time that petrol has increased. At the gas station itself, “he added.

    “I think … The sooner we can all return to normal buying habits, the sooner the situation will return to normal.”

    The PRA said this week that 50 to 90 percent of its members were affected.

    Dan Myers, managing director of XPO Logistics, one of the UK’s and Ireland’s three largest bulk liquids distributors, said Monday’s fuel demand was still up 50% compared to normal, but 400%. He said it had decreased from the surge. On the weekend.

    He added that of the hundreds of gas stations we supply, the number of depleted gas stations has halved in the last 24 hours.

    “It will take some time for stocks to return to normal,” Myers said.

    There are concerns that fuel shortages will still cause serious disruption to public services and industry.

    Matthew Taylor, Chief Executive Officer of the NHS Confederation, which represents medical institutions across the country, said: Fuel shortage Healthcare workers and long-term care staff struggle to find fuel for their cars, which could “impact the delivery of critical services to the most vulnerable people in society.”

    The British Medical Association and trade unions are calling on the government to give key workers priority access to gas stations.

    The sector, including courier and taxi drivers, has expressed concern about whether vehicles can be refueled when they run out of fuel.

    Industry executives warn that data on the scale of the problem is mottled at best and that there is no centralized system for monitoring the amount of fuel in the garage’s vestibule.

    “We are chasing a bit as the stations may be replenished, but will be re-emitted within a few hours, so the data we have can quickly become obsolete.” One executive said.

    Additional Report by Danielle Thomas in London

    Panic buying of fuel shows early signs of easing Source link Panic buying of fuel shows early signs of easing

    The post Panic buying of fuel shows early signs of easing appeared first on California News Times.

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