Why aren't petrol prices falling???

As oil prices are falling at a fast rate(now below $116/barrel), why do we not see this drop at the pumps??

When it was going the other way the garages were'nt long hiking the prices!

Is anyone else p****d off with this??

Sir Digby Chicken Caesar

because all the petrol they have in their tanks now, they bought at the expensive price so if they were to sell it at todays price they would lose a hell of a lot of money.

DarkJager

I don'r know bout you but I'm seeing them drop. Here in Limerick, most stations have dropped from around €1.36 to €1.26 over the last 2 weeks. Thats a 10 cent drop.

Jesus Wept

DarkJager wrote: »

most stations have dropped from around €1.36 to €1.26 over the last 2 weeks. Thats a 10 cent drop.

Honours Maths?

DarkJager

DarkJager wrote: »

I don'r know bout you but I'm seeing them drop. Here in Limerick, most stations have dropped from around €1.36 to €1.26 over the last 2 weeks. Thats a 10 cent drop.

In galway myself and its been hovering at 1.29 for a while. Surely if it drops to $100 or so we will have too see a difference. Makes a difference when going on regular long journeys

The-Rigger

The-Rigger wrote: »

Honours Maths?

pyure

it takes time for a change in the cost per barrel of oil to filter through to the price you pay at the pump.
i'd imagine that it works the other way around, price of oil is on the increase for a while before you notice it in terms of pence per litre.

Big_Mac

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

BrokenArrows

its dropping. just not very fast. it will take a while for the cost to filter down to the station.

as said already the stations still have to sell their expensive oil first.

Terry

Big_Mac wrote: »

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

Terry

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

big car = small penis and /or unfortunate looks

Terry

rarnes1 wrote: »

big car = small penis and /or unfortunate looks

I fall into both catergories, but still fail to see why people need to but a big car.

It's just bafflingly stupid.

Zaph

I noticed that it's down to 125.9c in the garage beside me this evening. It's dropped a cent or two every couple of days for the last two weeks.

Sir Digby Chicken Caesar

why buy big tv's? you can see fine on a 20 inch. why buy Hd? you can make stuff out clearly enough on a regular. Why buy dvd's? vhs wasn't all that bad. Why get vaccinated, smallpox doesn't sound that bad?

suckslikeafox

Terry wrote: »

I fall into both catergories, but still fail to see why people need to but a big car.

It's just bafflingly stupid.

Why do people need designer clothes, €150 shoes, massive houses?

Its just a feature of life today

snickerpuss

Yep all the petrol places round my way have gone down to at least 1.26 / L.

I love my little 1L that I put €25 into every fortnight!

Publin

Houses and car I can understand, you have the comfort of living in a nice area, big home, plenty of space, same idea with the car. Although I guess a lot of it is to do with image/reputation too e.g. what postcode you live in or make of car/model you ride

Don't really get the whole rip-off designer clothes/shoes thing though, couldn't justify spending €150 on a pair of shoes for example. Each to their own, again it's image.

Sam Vimes

|-*SxyDubGrrl93*-| wrote: »

why buy big tv's? you can see fine on a 20 inch. why buy Hd? you can make stuff out clearly enough on a regular. Why buy dvd's? vhs wasn't all that bad. Why get vaccinated, smallpox doesn't sound that bad?

not really the same thing. You can't use a big car properly so it's like getting a 70 inch tv and putting cardboard over the screen so only 20 inches are visible

zero19

Personally i'd rather be in a 2litre than a 1litre when i'm overtaking traffic...Also i'd go mad with the sluggish acceleration of a 1litre

Macha

Big_Mac wrote: »

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

Not the best idea. Diesel is only more expensive at the moment because many governments (including ours) have started to promote diesel, as opposed to petrol vehicles. The market wasn't ready for it & there is a shortage of diesel, hence the higher prices.But diesel costs less to make than petrol (needs less processing) so its just a matter of the producers catching up with demand.

Plus there is a strong possibility that what you save would be used up by your bigger engine-as you pointed out yourself..although that would depend on the horsepower.

SimpleSam06

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.

Because a three litre jag makes a certain class of attractive young woman want to bounce your bones? I'm not saying its a great reason, but all other things being equal...

_Kaiser_

I drive what would be considered to be a 'big car' - a 06 2.0L TDI VW Passat - because I like it, it's very comfortable and it gives great mileage and performance, all of which is important as my job requires that I spend a lot of my time on the - mostly N/M - roads. Sure I could do the same job in a 1L Micra but why should I? I earn enough to be able to afford it and my car is effectively my office so I might as well be comfortable while I work. Sounds like typical Irish begrudgery to me from some posters here?

_Kaiser_

I drive what would be considered to be a 'big car' - a 06 2.0L TDI VW Passat - because I like it, it's very comfortable and it gives great mileage and performance, all of which is important as my job requires that I spend a lot of my time on the - mostly N/M - roads. Sure I could do the same job in a 1L Micra but why should I? I earn enough to be able to afford it and my car is effectively my office so I might as well be comfortable while I work. Sounds like typical Irish begrudgery to me from some posters here?

mike65

Big_Mac wrote: »

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

I hope you have factored in the "change of car" costs. Anyway the sums still don't add up - diesel engine 20-25% more efficent overall, diesel fuel 6% more expensive to buy. Swapping to petrol now makes no sense.

Mike

Tigger

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

i have a 2.2 diesel but i'm buying a 3 litre petrol (only live once)
its really not penis related its about excelleration for overtaking and pulling through corners still never gonna match a bike tho bikes are propperly fast

dosent really cost that much more to run a big car

my two litre diesel gets more fuel economy than a tiny sluggish one litre petrol
i cant understand why people drive 1 litres


EDIT: unless its a motorbike

RobbieMc

Terry wrote: »

I fall into both catergories, but still fail to see why people need to but a big car.

It's just bafflingly stupid.

Did you ever see a 1litre Micra towing a horse box

I didn't think so....

Long live my 2.5 litre Turbo diesel 7 seater automatic Passion wagon.... :rolleyes:

Tar.Aldarion

RobbieMc wrote: »

Did you ever see a 1litre Micra towing a horse box

That sure is a problem for most people!
Thank the heavens for my veyron.

Big_Mac

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

Bigger cars are more comfortable, safer and have more power for overtaking, and moving away at junctions quickly (if you need to)

taconnol wrote: »

Not the best idea. Diesel is only more expensive at the moment because many governments (including ours) have started to promote diesel, as opposed to petrol vehicles. The market wasn't ready for it & there is a shortage of diesel, hence the higher prices.But diesel costs less to make than petrol (needs less processing) so its just a matter of the producers catching up with demand.

Plus there is a strong possibility that what you save would be used up by your bigger engine-as you pointed out yourself..although that would depend on the horsepower.

140BHP, and NO I'm not a silly little boy racer. Didn't I read somewhere that diesel is more expensive because it costs more to refine than petrol? hence the difference in price?

animaal

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

I have a car big enough to carry me and my family down the country, along with:

travel cot
baby's buggy
bottle steriliser
bottles
toys to keep young 'uns occupied
luggage (clothes etc) for us all, including 2-3 daily changes for small one
etc.

I've never seen a 1L car with enough space to carry all that. And if I did see one, I doubt the engine would last long under the strain.

Different people have different needs.

Duiske

rarnes1 wrote: »

As oil prices are falling at a fast rate(now below $116/barrel), why do we not see this drop at the pumps??

Petroleum companies buy their oil about 2 months in advance, at a fixed price. New contracts are signed daily for oil supplies, so this means if there is a significant drop in price, it will not be seen at the pumps for roughly 2 months.
On the reverse though. if oil should increase back to say $160 a barrel in the next week or so, the increase should not be seen for 2 months.
Unfortunatly, this is where blind greed rears its ugly head.

+1 for Terry and the 1l car. I can understand why some people need high powered work vehicles, but some people just don't need 4x4's. Perhaps a quick lesson on the difference between Mount Merrion and Mount Kilimanjaro ?

Sully

121.9 is the cheapest, then we have 124.9 (Tesco!) and 125.9 (Topaz boy!) in the land of the Deise.

Boggles

|-*SxyDubGrrl93*-| wrote: »

because all the petrol they have in their tanks now, they bought at the expensive price so if they were to sell it at todays price they would lose a hell of a lot of money.

I would have sympathy towards that if it worked in reverse aswell, as soon as there is an increase in the cost of a barrel, the local garage man is up the ladder faster than you can say monoply!

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

I would say if you give it a bit more thought you might find some understanding in it.

Hint: When was the last time you saw a 1litre people carrier?

Wibbs

Terry wrote:

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

For most of the reasons others have written. Few 1litre cars are well appointed in luxuries. I find them less safe, especially outside towns. They're smaller for a start so in an impact with a bigger car? Game over.

I had a loan of a 1litre yoke a while back when I was having a clutch changed(I've a 1.8) and christ it was a pain. No way would I have attempted overtaking anything other than a motorised wheelchair. It was a flimsy as fook too, with cheapo written all over it. The lack of power was truly scary and funny enough for such a rattlebox that weighed as much as a crisp packet it's brakes were crap too with little feel. The steering was massively uncommunicative and the suspension was downright wobbly. Most 1litre cars I've driven would be similar in at least two of those areas. I also got pretty much the same mileage outa the 1 litre as I did my 1.8.

Give me a highly tuned engine, with a dynamic lightweight chassis and big brakes any day of the week. The highly tuned engine makes for efficiency and overtaking power, the brakes stop you and the dynamic chassis helps if you end up skidding. No contest really.

Now you could build a one litre car that was a good un. Tune the bejaysus outa the engine, decent suspension, decent chassis etc. I'd buy that alright.

Macha

animaal wrote: »

I have a car big enough to carry me and my family down the country, along with:

travel cot
baby's buggy
bottle steriliser
bottles
toys to keep young 'uns occupied
luggage (clothes etc) for us all, including 2-3 daily changes for small one
etc.

I've never seen a 1L car with enough space to carry all that. And if I did see one, I doubt the engine would last long under the strain.

Different people have different needs.

That may most definitely & understandably be the case for a proportion of the population but not everyone. Plus the biggest group of commuters, according to the 2006 census, is single-occupier cars.

If you only go down the country every now and then, I wonder why people don't hire a car for that weekend? Buying, running & maintaining cars is really expensive if you add up:

VRT
motor tax
petrol/diesel
annual service
NCT
etc.

I'm sure with some people it would be cheaper to hire, if only driving occasionally

Wibbs

ON topic. The prices chaged by the oil companies at the pump have some relation to crude prices. Only some though. You will notice the price goes up very quickly following the crude price rise, yet takes much longer to drop when the crude drops. Yet it takes the same period of time to turn crude into petrol/diesel. Maximising profits basically.

Flamed Diving

Big_Mac wrote: »

Bigger cars are more comfortable, safer and have more penis for overtaking, and moving away at junctions quickly (if you need to)

Quite.

Sir Digby Chicken Caesar

Flamed Diving wrote: »

Vagina

Indeed.

THEHEDGEHOG

Wibbs wrote: »

ON topic. The prices chaged by the oil companies at the pump have some relation to crude prices. Only some though. You will notice the price goes up very quickly following the crude price rise, yet takes much longer to drop when the crude drops. Yet it takes the same period of time to turn crude into petrol/diesel. Maximising profits basically.

I cant believe it, a moderator who can see through the propaganda.

How did you slip through the net?????

Oil is big business, you people are the hapless consumer. You exist to be fleeced at every turn, and 99% of you have yet to wake up to this reality.

mike65

Wibbs is shexy and shmart.

Mike.

Flamed Diving

THEHEDGEHOG wrote: »

I cant believe it, a moderator who can see through the propaganda.

How did you slip through the net?????

Oil is big business, you people are the hapless consumer. You exist to be fleeced at every turn, and 99% of you have yet to wake up to this reality.

Oh tell us, great one! How do we escape the clutches of this dystopia?

Cometh!

Follow the great one to the promised land!

genericgoon

THEHEDGEHOG wrote: »

I cant believe it, a moderator who can see through the propaganda.

How did you slip through the net?????

Oil is big business, you people are the hapless consumer. You exist to be fleeced at every turn, and 99% of you have yet to wake up to this reality.

Tbh, most of the profits are flowing into the pockets of the major oil companies, not the retailers who actually make small margins on selling petrol/diesel. Of course, the government taxes also push it up.

Wibbs

THEHEDGEHOG wrote: »

I cant believe it, a moderator who can see through the propaganda.

How did you slip through the net?????

Bribery and pretence mostly.

mike65 wrote:

Wibbs is shexy and shmart.

Mike.

Yes I am. Big willy too.:)

genericgoon wrote:

Tbh, most of the profits are flowing into the pockets of the major oil companies, not the retailers who actually make small margins on selling petrol/diesel. Of course, the government taxes also push it up.

Pretty much. The retaliers usually rely on the attacehd shop for their profits. The taxes are fixed so that doesn't explain all the disparities. The oil companies are milking it. Of course any company will maximise profits if it can. Those things are hard to change.

The big issue is the part where stupid consumers don't shop around. I've seen garages opposite each other that are charging different prices, yet the more expensive one still has customers, sorry morons. If you pay over the odds for a product or service then I'm sorry, you're a moron. If you're too dumb or lazy to shop around or actively find out what the general rate is then you're a big part of the problem. Not the oil companies. Goes for a lot of areas too.

Beer is a classic one. Out of a night, get a few scoops into you, then the bar raises the price at 11, then may raise it again at 1. What do you do? Leave? Not in most cases. In most cases you don't even notice and then moan about it in the morning. If the government put tax on a pint up by 10 cent tomorrow in these dodgy times, it would be all over the news and people would be bitching about it. Yet a hell of a lot of pubs do it, yet they're still full.

Moan with your feet and leave and then you may have more money in your pocket.

snickerpuss

Do people honestly believe you can't overtake in a 1L? Or take off quickly at a junction?

I have a 01 Yaris and its really nippy. Sometimes I take off at a junction and wonder whether the lights really were green because the rest of the cars are still at the traffic lights. I can happily overtake on motorways as well. I use hardly any petrol, can get through any gap and park in the smallest spaces not to mention my tax and insurance being very cheap.

And my Yaris has the same safety rating as my dad's 1.6 Primera.
Anyway I'm glad to see the prices coming down a bit although a few places are charging scandelous prices. Somewhere near the airport was charging about 1.35 /L for unleaded.

Big_Mac

Flamed Diving wrote: »

Originally Posted by Big_Mac
Bigger cars are more comfortable, safer and have more penis for overtaking, and moving away at junctions quickly (if you need to)

Quite.

Hmm, your cleverness and wit astounds me Flamed Diving. It must have taken you a really long time to think that up. Hope it didn't hurt too much.

Duiske

genericgoon wrote: »

Tbh, most of the profits are flowing into the pockets of the major oil companies, not the retailers who actually make small margins on selling petrol/diesel. Of course, the government taxes also push it up.

Not so sure about the oil companies milking extra profits from crude oil price hikes. Sure, they make vast amounts of money anyway, but you only have to look at what happened last year, when RTE announced on the news that, within weeks, fuel prices could "possibly" rise to a certain amount (can't remember exact figure).
What happened ? Within days, and in some cases by the next morning, certain retailers had increased their prices to that amount.
Lets see how quick RTE are to announce now that fuel prices should drop by roughly 20% over the next 5/6 weeks.

gurramok

Oil prices might go up again on Monday due to the Georgia war as a vital oil pipeline lies in that country.
So fill up that tank before the markets open as the petrol stations will make any excuse to hike it again!!

Fulton Crown

Can't help thinkin there is just a slightelement of greed in this petrol price issue.

Sure it takes some time for price reductions to work through...but in our rip off little country the temptation to squeeze a few extra cent from the customer is hard to resist.

Petrol stations (and pubs) make no effort to attract and retain customers by good friendly service and aare generall staffed by surly minimum wagees.

The you will hear gimps like Fielding of the ISME organisation banging on about people shopping in the States and Customs not forensically going through their luggage.

Extra value..better service..special offers....???? No Sir ...just get customs to harass the poor bastids at the Airport.

Let's face it ..we live in a rip off community...the bastids will do us every way they can to pay for their big SUV'S and extravagent lifestyles.

Krieg

Just saw this and thought of this thread

FOGOFUNK

snickerpuss wrote: »

I can happily overtake on motorways as well. I use hardly any petrol, can get through any gap and park in the smallest spaces not to mention my tax and insurance being very cheap.

Overtaking on a motorway is a completely different ball game to overtaking on a single carriageway, you cant even really compare the two.

And Terry that was really stupid thing to say that people who drive big cars must be inadequate, I consider myself a car enthusiast, I love engineering and mechanics, so if I want to spend my money on a highly engineered engine I dont see why I shouldnt.

I currently drive an A4, Im young and have no need for the back seats, but this still doesnt mean I should be content with a 1litre rattlebox.

I hope to own an RS4 someday, 4.2 V8 with AWD, the amount of engineering that went into this car is astounding. Just because I want to own a technical masterpiece doesnt mean I have a small penis.

I wonder what your hobbies are so I can make presumtions about you.

Rant over.

workaccount

1L litre cars are slow, small and have little power.
There a dog to drive because of the lack of power and I can't even fit into one properly.

Even my mums 1.2 is rubbish for overtaking. Heck I couldn't even overtake a ford transit before in a mates 1.4 focus!

Used to know a fella that has a 1L corsa and used to refularily drive a long trip up to Dublin in it. He said it was painful as you can't overtake anyone. It was just too slow....only if you had a good long stretch in front of you could you overtake.

And IMO it's paramount that you are able to overtake in this country due to the amount of people you will find drving at 50mph for absolutely no reason and that won't pull into the hard shoulder to let you by.


1L cars are far from a pleasure to drive and i'd imagine most people want comfort. (me anyway)