Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Price of oil driven lower

  • 24-10-2008 1:39pm
    #1
    kluivert
    Registered Users, Registered Users 2 Posts: 2,399 ✭✭✭


    :eek:

    OPEC have decide to cut production of oil from 1 November but this has lead to a $5 drop in the price of oil today.

    While this drop should make motoring cheaper, such an adverse drop really does reflect the bad state of affairs we are all in from an economic point.

    Anyway I welcome the drop in fuel prices. But not the economic state.

    http://www.irishtimes.com/newspaper/breaking/2008/1024/breaking35.htm


Comments

  • #2
    redman
    Registered Users, Registered Users 2 Posts: 1,586 ✭✭✭redman


    Pity the price at the pumps hasn't reflected the price it was when barrels were last at $63 dollard!


  • #3
    Stephen
    Registered Users, Registered Users 2 Posts: 18,484 ✭✭✭✭Stephen


    The euro has weakened dramatically against the dollar (dropped as far as $1.25 today), which will negate much of the effect of any cut in the price of oil. UK pound dropped to $1.52 or so after being at $2.00 for ages too!


  • #4
    Berty
    Registered Users, Registered Users 2 Posts: 26,155 ✭✭✭✭Berty


    Last week I remarked about OPEC and their dirty plans for fuel prices.

    The price of a barrell came down but OPEC producers were not happy about this and said it the price fell any further they would reduce production causing the demand to be sharper pushing prices back up.

    Prices are actually going to rise due to an imminent price hike.


  • #5
    jhegarty
    Registered Users, Registered Users 2 Posts: 6,441 ✭✭✭jhegarty


    quirke_folder wrote: »
    Last week I remarked about OPEC and their dirty plans for fuel prices.

    The price of a barrell came down but OPEC producers were not happy about this and said it the price fell any further they would reduce production causing the demand to be sharper pushing prices back up.

    Prices are actually going to rise due to an imminent price hike.



    They accounted the cut today, and the price fell after that....


    People can smell the blood in the water....


  • #6
    Berty
    Registered Users, Registered Users 2 Posts: 26,155 ✭✭✭✭Berty


    Someone has to pay for that Indoor Ski hall in Dubai!! :D


  • Advertisement
  • #7
    Bandara
    Registered Users, Registered Users 2 Posts: 3,282 ✭✭✭Bandara


    Fuel companies are struggling vey badly and are trying to bring the price back up apparently.


  • #8
    ciarsd
    Registered Users, Registered Users 2 Posts: 2,326 ✭✭✭ciarsd


    It's 115.9 for diesel and petrol in Esso, Maynooth... was 118.9 for both last night and 120.9 last week.

    Which leads me to a question... how come fuel is nearly always rounded to .9c per litre?

    Years ago it could range from .1 to .9c - not always IRL£**.9c or €***.9c


  • #9
    L1011
    Registered Users, Registered Users 2 Posts: 71,142 ✭✭✭✭L1011


    Applegreen use .8; but .9 is a common mental trick to prevent you thinking its higher. Doesn't work, I'd always refer to 118.9 as "119" though. I've seen .5 down the sticks too....

    I presume you mean Tesco as we've no Texaco in Maynooth?


  • #10
    ciarsd
    Registered Users, Registered Users 2 Posts: 2,326 ✭✭✭ciarsd


    MYOB wrote: »
    Applegreen use .8; but .9 is a common mental trick to prevent you thinking its higher. Doesn't work, I'd always refer to 118.9 as "119" though. I've seen .5 down the sticks too....
    Yeah me too.. always round it up and then purchase by the litre!
    MYOB wrote:
    I presume you mean Tesco as we've no Texaco in Maynooth?

    Whoops - been a long day! I meant Esso - just amended my post - cheers! :p


Advertisement