Drivers of diesel cars are being ripped off at the pump by retailers who are charging almost 17.5p a litre more than petrol, despite the wholesale price of both fuels being at the same level. The average price of petrol on Monday was 146.39p while diesel is 163.79p, according to the latest report from RAC Fuel Watch. According to the latest RAC Fuel Watch data, retailers are pocketing huge margins of 22.3p on ever litre of diesel sold. This represents 14 per cent of the total pump price. However, both fuels are selling for around 114.5p on the wholesale market. In contrast, margins on unleaded are just 6.3p – around just 4 per cent of the full price of petrol paid by consumers. At the beginning of March wholesale diesel was only 6p more expensive than petrol yet there was a 20p a litre gap between both fuels on the forecourt. The motoring group said the overcharging of diesel vehicle owners by retailers is ‘absolutely shocking’ and blamed the big four supermarkets for inflating forecourts prices. RAC fuel spokesman Simon Williams said: ‘The forecourt price disparity between petrol and diesel across the UK is absolutely shocking given their wholesale prices are now virtually identical. In fact, for two days last week, wholesale diesel has been cheaper than petrol, but this has not been reflected at the pumps.
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The RAC said the huge margins on diesel means the 5p per litre cut to fuel duty – which was extended by the Chancellor for 12 months – is being ‘more than gobbled up by retailers (https://backtoglamour.com/blog/2022/08/29/silpada-marvel-cubic-zirconia-necklace-in-sterling-silver-sixteen-2/)’. Instead, the big four supermarkets, which dominate UK fuel retailing, are charging an outrageous of 162p a litre on average. This would have been pretty unusual several years ago but is now rapidly becoming the norm,’ it added. If smaller retailers can afford to make ends meet with lower margins and smaller sales volumes, then what excuse can the supermarkets possibly have for keeping their diesel prices so high? This does not affect our editorial independence. The motoring organisation says this is a ‘sign of how much fuel retailing has changed’ in recent months. However, even Costco could do more to help drivers, Mr Williams points out. Sadly, this seems unlikely given current retailer behaviour. The RAC has blamed the major supermarket retailers for inflating diesel prices. The RAC says the retailer passing on the most savings of falling wholesale diesel costs is Costco. Williams described the action as ‘devastating for every driver and business that relies on diesel’. Affiliate links: If you take out a product This is Money may earn a commission. It is currently charging less than 150p per litre for diesel – though you have to hold a Costco membership in order to fill up at one of its fuel forecourts. If smaller retailers can afford to make ends meet with lower margins and smaller sales volumes, then what excuse can the supermarkets possibly have for keeping their diesel prices so high? Since the beginning of March, they have only reduced diesel by just over 3p a litre.
1300) with the explanation that the coin was originally made by moneyers from that region.
Sterling silver is an alloy of silver containing 92.5% by weight of silver and 7.5% by weight of other metals, usually copper. One of the earliest attestations of the term is in Old French form esterlin, in a charter of the abbey of Les Préaux, dating to either 1085 or 1104. The English chronicler Orderic Vitalis (1075 – c. The British numismatist Philip Grierson disagrees with the “star” etymology, as the stars appeared on Norman pennies only for the single three-year issue from 1077 to 1080 (the Normans changed coin designs every three years). Another argument is that the Hanseatic League was the source for both the origin of its definition and manufacture, and in its name is that the German name for the Baltic is Ostsee, or ‘East Sea’, and from this the Baltic merchants were called “Osterlings”, or “Easterlings”. Byzantine solidus, originally known as the solidus aureus meaning ‘solid gold‘ or ‘reliable gold‘. The Hanseatic League was officially active in the London trade from 1266 to 1597. This etymology may have been first suggested by Walter de Pinchebek (c. In support of this he cites the fact that one of the first acts of the Normans was to restore the coinage to the consistent weight and purity it had in the days of Offa, King of Mercia. By 1854, the tie between Easterling and Sterling was well-established, as Ronald Zupko quotes in his dictionary of weights. Because the League’s money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the Easterlings, which was contracted to sterling. The word in origin refers to the newly introduced Norman silver penny. Recent examples of these alloys include argentium, sterlium and silvadium. In 1260, Henry III granted them a charter of protection. Fine silver, which is 99.9% pure silver, is relatively soft, so silver is usually alloyed with copper to increase its hardness and strength. Such elements include germanium, zinc, platinum, silicon, and boron. According to the Oxford English Dictionary, the most plausible etymology is a derivation from a late Old English steorling (with, or like, a ‘little star’), as some early Norman pennies were imprinted with a small star. 1142) uses the Latin forms libræ sterilensium and libræ sterilensis monetæ. 1300) with the explanation that the coin was originally made by moneyers from that region. The claim has been made in Henry Spelman’s glossary (Glossarium Archaiologicum) as referenced in Commentaries on the Laws of England by William Blackstone. Their Kontor, the Steelyard of London, was called Easterlings Hall, or Esterlingeshalle.
This would have been perceived as a contrast to the progressive debasement of the intervening 200 years, and would therefore be a likely source for a nickname. A piece of sterling silver dating from Henry II’s reign was used as a standard in the Trial of the Pyx until it was deposited at the Royal Mint in 1843. It bears the royal stamp ENRI. 3⁄4 pennyweights of alloy, with 20 pennyweights to the troy ounce. Casting was frequently the first step in manufacturing silver pieces, as silver workers would melt down sterling silver into easily manageable ingots. Although silversmiths of this era were typically familiar with all precious metals, they primarily worked in sterling silver. Colonial silversmiths used many of the techniques developed by those in Europe. REX (“King Henry”) but this was added later, in the reign of Henry III. In Colonial America, sterling silver was used for currency and general goods as well. 12th century in the area that is now northern Germany. Stamping each of their pieces with their personal maker’s mark, colonial silversmiths relied upon their own status to guarantee the quality and composition of their products. The colonies lacked an assay office during this time (the first would be established in 1814), so American silversmiths adhered to the standard set by the London Goldsmiths Company: sterling silver consisted of 91.5-92.5% by weight silver and 8.5-7.5 wt% copper. Between 1634 and 1776, some 500 silversmiths created items in the “New World” ranging from simple buckles to ornate Rococo coffee pots.