ABSTRACT
Petrol was first imported from the United States of America and marketed in Britain at the turn of the century and at that time it was sold in sealed two-gallon cans. The Petroleum Board, which controlled petroleum distribution and prices during the second world war, was dissolved in 1948 and Anglo-American introduced the tied garage or solus trading system from the USA. Major petrol stations, while usually the property of oil companies, are sometimes found to be owned by the major petrol retailing chains. In 1992 the Department of Transport opened up this sector to private initiative so that oil companies, catering companies and developers have since then identified what they saw as potentially good sites, often filling in large gaps between existing sites. Valuing used car stances calls for some fine judgment. The annual rental value of one stance should be related approximately to the average retained profit on one vehicle.
