FUEL

adzar

This is something that really pisses me the **** off.The price of fuel at the petrol stations is an absolute scandal.
The average price in my area is 1.25 but recently ive been keeping an eye on the price of oil per barrel...Two weeks ago a barrel was worth $80 now its down to roughly $70 a barrel.in the past few days my local garage in glasnevin put the price up to 1.26.I was so pissed off with this rip off even though it is only an extra one cent that i confronted the manager.He said nothing he could do,the orders were coming from higher up etc etc...
The price of a barrel of oilreached $147 two years ago and it wasnt this expensive to fill up back then. Why is it now???

Hogzy

IIRC the last few budgets raised the tax on petrol. Last budget alone put petrol up by 7 cents which is alot.

Id say at least 10-12 cent has been added onto taxes in the last year or two

adzar

Yea but the budget added 5 cent when the price was about 1.15 where the hell is the other 5 cent coming from.Garages just adding it on to top up their own pockets.

Cionád

The Euro has fallen in value vs. the dollar. Oil is priced in dollars, so when the euro loses value, it doesn't go as far.



Added to this there have been tax rises in the meantime.

In any case when a barrel was 147, I was paying 1.42 at the pumps for diesel. It's 1.14 at my local now so I'm happy enough.

stellarartois

adzar wrote: »

This is something that really pisses me the **** off.The price of fuel at the petrol stations is an absolute scandal.
The average price in my area is 1.25 but recently ive been keeping an eye on the price of oil per barrel...Two weeks ago a barrel was worth $80 now its down to roughly $70 a barrel.in the past few days my local garage in glasnevin put the price up to 1.26.I was so pissed off with this rip off even though it is only an extra one cent that i confronted the manager.He said nothing he could do,the orders were coming from higher up etc etc...
The price of a barrel of oilreached $147 two years ago and it wasnt this expensive to fill up back then. Why is it now???

Excise has gone up, the 'price of a barrel' isn't actually the price of a barrel http://en.wikipedia.org/wiki/Price_of_oil , do you ever think before talking, buy a bicycle! I'd say the manager got a good laugh out of your confrontation

daveharnett

The price of copper dropped today. Do you think that they are busy marking down the prices in PC world at the moment?

stealthyspeeder

The price of the raw material has minimal bearing on the short term price of any important primary material in todays global economy. To fully understand why the price has not flucuated with the same volatility as the headline grabbing barrell price, you would need a solid understanding of Macro Economics, Macro Economics with the EU (completely different to normal macro economics), long term profit maximisation within OPEC, commodity based derivatives, interest rates and lonf term exchange rate options.

A few solid days reading up on the above and you'll see why the price at the pump has slowly crept up rather than jumped up and down.

Atlantic Dawn

It's going to get lots more expensive, I recon by year end the euro will only be worth $1.20 at most, this will rise the price of fuel by about 30% a litre as excise duty will go on top of that.

P.C.

adzar wrote: »

Yea but the budget added 5 cent when the price was about 1.15 where the hell is the other 5 cent coming from.Garages just adding it on to top up their own pockets.

'Garages' make very little from selling fuel.

Seriously, the price of a barrel of crude oil has very little to do with the price of petrol or diesel at the pump in Ireland.

Most of the fuel sold in Ireland is bought as 'the finished product' - in other words, it is purchased as Unleaded or diesel, and shipped here, then transported to the filling station, and sold to you.

I will let Hammertime fill you in on the details - he is in the 'fuel game'.

stealthyspeeder

Hogzy wrote: »

:rolleyes:

Spent about 6 months on it at uni!! that simple rant touched a nerve!

adzar

Then could someone explain why it is so much more expensive in dublin average 1.25 when it costs 1.19 in some parts of donegal.im presuming that it shipped in to dublin and the transported around the country.

stellarartois

adzar wrote: »

Then could someone explain why it is so much more expensive in dublin average 1.25 when it costs 1.19 in some parts of donegal.im presuming that it shipped in to dublin and the transported around the country.

Because you live in dublin, running costs are higher therefore the prices are higher, if you live in dublin use public transport its better for the environment

JHMEG

stellarartois wrote: »

Because you live in dublin, running costs are higher therefore the prices are higher

That's nothing to do with it. Competition is the answer.

Petrol is cheaper in Tipp than it is in Dublin, but it's cheaper in Dublin than it is in Kerry.

stellarartois

JHMEG wrote: »

That's nothing to do with it. Competition is the answer.

Petrol is cheaper in Tipp than it is in Dublin, but it's cheaper in Dublin than it is in Kerry.

This is UNTRUE:rolleyes:

Hogzy

Just to add aswell. In Ireland a certain amount of refined oil MUST be bought from the Irish Refineries even though it is more costly than importing refined oil. Studied it in my undergrad law as people argued that this was anti competitive.

Reason is that if we didnt support our own refineries then they wouldnt be able to operate and in time of crisis or war we would be F'd in the A

muckwarrior

JHMEG wrote: »

it's cheaper in Dublin than it is in Kerry.

I just spent the weekend driving around kerry and on average prices were 1-2c cheaper than dublin.

stellarartois

muckwarrior wrote: »

I just spent the weekend driving around kerry and on average prices were 1-2c cheaper than dublin.

Exactly

JHMEG

muckwarrior wrote: »

I just spent the weekend driving around kerry and on average prices were 1-2c cheaper than dublin.

Bad example. Try Leitrim instead.

Kerry cheaper than Dublin. Dublin cheaper than Leitrim.

BeardyGit

stellarartois wrote: »

Because you live in dublin, running costs are higher therefore the prices are higher, if you live in dublin use public transport its better for the environment

Use public transport in Dublin? Better for the environment? Are you lost? :rolleyes:

You certainly can't be for real. Come up to the big shmoke sometime and try getting from Swords as far as Dundrum on public transport. You won't do it in less than 2 hours....that's for sure. 40 minutes in a car though. :cool:

Dublin's a big city now, you do know that, don't you? Owning a car is a necessity for the great majority of those who need to travel the city each day for work etc.

Bandara

There are a million different reasons why fuel can be dearer in one county to the next, from one town to the next and even from one station to the next.

And none of the them have anything to do with the price of Oil.

?Cee?view

adzar wrote: »

The price of fuel at the petrol stations is an absolute scandal.

You should contact your local Green Party representative (although there are thankfully very few now) or TD and thank them for their "achievement" of imposing a Carbon Tax. This has contributed significantly to the increase in all fuel prices (petrol, diesel, home heating oil etc.) for all people, be they rich, poor, young, old, disabled etc.

As for some of the helpful suggestions here that you should get a bike, while that may work if you're one of the tiny minority for whom this is a feasible alternative, the same bike won't be much use for heating your house

JHMEG

Hammertime wrote: »

There are a million different reasons why fuel can be dearer in one county to the next, from one town to the next and even from one station to the next.

And none of the them have anything to do with the price of Oil.

Where competition is working better prices tend to be lower. A good example of competition working is Clonmel. An example of competiton not working too well is Carrick-on-Shannon where half the stations are owned by one family.

BlackWizard

Hogzy wrote: »

Just to add aswell. In Ireland a certain amount of refined oil MUST be bought from the Irish Refineries even though it is more costly than importing refined oil. Studied it in my undergrad law as people argued that this was anti competitive.

Reason is that if we didnt support our own refineries then they wouldnt be able to operate and in time of crisis or war we would be F'd in the A

I never knew we had oil reserves in Ireland. Any idea how many barrels we store?

fullstop

daveharnett wrote: »

The price of copper dropped today. Do you think that they are busy marking down the prices in PC world at the moment?

No but Copper Face Jacks might have free entry tonight

dizzydiesel

adzar wrote: »

The price of a barrel of oilreached $147 two years ago and it wasnt this expensive to fill up back then. Why is it now???

To be fair - 18 months ago (June 2008) petrol reached €1.30 & diesel €1.42 average a litre.....just before the oil price crash.
http://www.aaireland.ie/petrolprices/default.asp

Although - I'm equally frustrated with the prices now. When there is an increase in oil and/or tax, it's reflected in the price immediately. Any reductions are much slower to be adjusted at the pump.

mickdw

I understand that there are many many complicated reasons why the price of a litre of petrol doesnt drop when the barrel price drops. What I dont understand though is why the pump price seems to instantly react to barrel price increases.

Having looked at the amount of tax of fuel here, it should take huge crude oil price changes to have any effect on pump price. This is rightly given as the reason wh we dont see huge drops to correspond with crude price drops. Again though, the pump price increases always happen much quicker.
I am aware of the additional government taxes added in the last while but even taking that into account, the price changes are always strongly on the side of the retailer.
Also, One of the previous budgets added 5 or 8c onto diesel without touching petrol. Why then has the price difference between petrol & diesel not reduced?

Bandara

Derv always goes up in winter and down in summer, it's to do with he home heating oil being made from the same refined product as derv.

Or so I'm told

romah

I am in Ennis and there is difference of 8 cent in a litre of diesel ( 1.19 c v 1.11c) and 6 cent on petrol (1.27 c to 1.21c) from one side of the town to the other.

Is there a similar situation in any other places...??