Gasoline on mortgage: Bankers prepare for terrible fuel shortage at gas stations
January 19, 2024
0
It seems that bankers and oil workers know a secret that would give the average Russian car owner a heart attack. They are clearly aware of something that
It seems that bankers and oil workers know a secret that would give the average Russian car owner a heart attack. They are clearly aware of something that is about to collapse our motor fuel market. Moreover, this terrible event is just around the corner and businessmen are preparing with all their might for a crazy increase in gasoline and diesel prices.
This is not nonsense, believe me! In order not to cause an unhealthy stir, we will limit ourselves to a transparent hint: both companies-heroines of this story are leaders in the Russian market. One structure is among domestic banks, the other in the country’s oil sector. Guys like that rarely do anything for nothing. This time they announced the launch of a fuel retail service at gas stations!
The scheme works as follows. A man arrives at a gas station. Let’s say, for a few tens of liters of high octane. Complies, but only pays 25% of the price for it. And then he gives the rest, and I quote, “in three equal payments every two weeks.” Brilliant: petrol – in installments! Such as a refrigerator or TV. What’s next? Windshield washer fluid – on credit? Does replacing winter tires require a mortgage?
It’s all a bit too surreal. After all, an item purchased in installments remains with you both while you pay and when you have already paid the seller. And gasoline purchased in installments will burn in the engine before you even make the first payment as part of the debt. Such a mechanism could only be useful for a taxi driver who suddenly runs out of money. Who needs at least some fuel to make money. Or the car owner urgently had to go somewhere very far away, where there is no public transport, and there is absolutely no money in his pocket and his salary only in a week.
However, there is another – rather creepy – answer to the question: why do bankers and oil workers at gas stations try to sell in installments. It is possible that they only need this project to test the principle of credit trading in fuel retailing on living people.
After all, the sale of anything on credit to the great mass of citizens is mainly used when an average buyer cannot afford to buy the goods for real money. Such as, for example, when buying a car. Consequently, the practice of selling fuel on credit at gas stations can be seen as preparing large companies for a huge increase in the price of gasoline and diesel. After which the price tags at gas stations become unaffordable for millions of car owners. That is, for an ordinary person the only option (for example, traveling to the country at the beginning of summer) is to buy gasoline on credit and then pay it off until August-September. When you have to take on new debt to be able to evacuate back to the city.
I don’t know what event could drive up prices at gas stations in Russia so much. Another option is widespread failure of sanctioned equipment at most Russian oil refineries. As happened recently at the Nizhny Novgorod oil refinery. To a normal person, such an outcome seems unlikely. But bankers and oilmen seem to know better. So they are preparing…
photo globallookpress.com
This is not nonsense, believe me! In order not to cause an unhealthy stir, we will limit ourselves to a transparent hint: both companies-heroines of this story are leaders in the Russian market. One structure is among domestic banks, the other in the country’s oil sector. Guys like that rarely do anything for nothing. This time they announced the launch of a fuel retail service at gas stations!
The scheme works as follows. A man arrives at a gas station. Let’s say, for a few tens of liters of high octane. Complies, but only pays 25% of the price for it. And then he gives the rest, and I quote, “in three equal payments every two weeks.” Brilliant: petrol – in installments! Such as a refrigerator or TV. What’s next? Windshield washer fluid – on credit? Does replacing winter tires require a mortgage?
It’s all a bit too surreal. After all, an item purchased in installments remains with you both while you pay and when you have already paid the seller. And gasoline purchased in installments will burn in the engine before you even make the first payment as part of the debt. Such a mechanism could only be useful for a taxi driver who suddenly runs out of money. Who needs at least some fuel to make money. Or the car owner urgently had to go somewhere very far away, where there is no public transport, and there is absolutely no money in his pocket and his salary only in a week.
However, there is another – rather creepy – answer to the question: why do bankers and oil workers at gas stations try to sell in installments. It is possible that they just need this project to test the principle of credit trading in fuel retailing on living people.
After all, the sale of anything on credit to the great mass of citizens is mainly used when an average buyer cannot afford to buy the goods for real money. Such as, for example, when buying a car. Consequently, the practice of selling fuel on credit at gas stations can be seen as preparing large companies for a huge increase in the price of gasoline and diesel. After which the price tags at gas stations become unaffordable for millions of car owners. That is, for an ordinary person the only option (for example, traveling to the country at the beginning of summer) is to buy gasoline on credit and then pay it off until August-September. When you have to take on new debt to be able to evacuate back to the city.
I don’t know what event could drive up prices at gas stations in Russia so much. Another option is widespread failure of sanctioned equipment at most Russian oil refineries. As happened recently at the Nizhny Novgorod oil refinery. To a normal person, such an outcome seems unlikely. But bankers and oilmen seem to know better. So they are preparing…
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.