Pre budget petrol price hike

Not

What's behind the hike in petrols prices does anyone know? I was flabbergasted to see the average unleaded price in Newbridge is suddenly 137.9c/l:eek:
And most other garages I have spotted since seem to be not far off.

It's worrying for motorists considering this is happening before the budget which will presumably put a further hefty hike on the price.

neilthefunkeone

Yeah 137.9 in the Texaco on the n4 this morning.. didnt think about it til now.. bastards!

Not

neilthefunkeone wrote: »

Yeah 137.9 in the Texaco on the n4 this morning.. didnt think about it til now.. bastards!

Yep that Texaco usually has high prices, but the ones in Newbridge are usually the cheapest around that I know of.

Mr E

Yeah I noticed it around Limerick too. Jumped from 129.9 to 133.9/134.9 last week.
Due to jump 8+ cents tomorrow too I think.... fill up while you can.

stakey

Noticed a price hike in my garage of choice, Top on Ushers Quay. Price around a week ago was 129.9 now up to 134.9, the more expensive garages further out on my route to work have made a similar jump. Maxol on the Cabra road gone from 133/134.9 to 137.9 this morning.

I was thinking it might have been either a) jump up the prices to make a quick couple of quid during the cold snap or b) a jump in cost of fuel due to reduced deliveries from the cold snap.

Didn't even think of the budget. But it would make sense. Will be topping up on the way home.

Max Power1

FFS :mad:

This is getting ridiculous IMO. Its not that far ago that prices were 50 c/litre

Not

Mr E wrote: »

Yeah I noticed it around Limerick too. Jumped from 129.9 to 133.9/134.9 last week.
Due to jump 8+ cents tomorrow too I think.... fill up while you can.

I'm hoping the garages in Newbridge have got wind of the budget rise and put it on early, and its not that there's going to be a further 8 cents on top of it. Otherwise a fill up is going to cost me near €100:(

Not

stakey wrote: »

Noticed a price hike in my garage of choice, Top on Ushers Quay. Price around a week ago was 129.9 now up to 134.9, the more expensive garages further out on my route to work have made a similar jump. Maxol on the Cabra road gone from 133/134.9 to 137.9 this morning.

I was thinking it might have been either a) jump up the prices to make a quick couple of quid during the cold snap or b) a jump in cost of fuel due to reduced deliveries from the cold snap.

Didn't even think of the budget. But it would make sense. Will be topping up on the way home.

The other great hope, as you say, is that it's a temporary blip due to the cold spell and it will eventually correct itself.

Wertz

We had a thread in here last week warning of a 3-4c rise in fuel costs per ;litre due to the fall in the value of Euro V Dollar. That's come home to roost and the cold weather is probably having an effect on prices too.
Tie that in with a budget tomorrow and people maybe buying more than they would normally and a healthy dose of profiteering from those garages that are in the right location and this is what youy're left with...
I filled up yesterday (130.9c)...most of the other places around here were around the 134 mark.
If STG falls it looks like the petrol run to the North might be coming back in to fashion...

Max Power1

Wertz wrote: »

We had a thread in here last week warning of a 3-4c rise in fuel costs per ;litre due to the fall in the value of Euro V Dollar. That's come home to roost and the cold weather is probably having an effect on prices too.
Tie that in with a budget tomorrow and people maybe buying more than they would normally and a healthy dose of profiteering from those garages that are in the right location and this is what youy're left with...
I filled up yesterday (130.9c)...most of the other places around here were around the 134 mark.
If STG falls it looks like the petrol run to the North might be coming back in to fashion...

To be fair, it would cost €20 to newry and back to dublin. There would want to be some difference!

I am half thinking pf buying a massive tanker, driving it to Saudi, filling up at their €0.02/litre rates, and driving the tanker back.
If these price rates keep going up the way they are it might become viable soon

Wertz

Max Power1 wrote: »

To be fair, it would cost €20 to newry and back to dublin. There would want to be some difference!

I'm more so talking about people in border areas (like myself).
In recent years fuel retailers south of the border have benefitted from the business from the North...a reversal in flow would be damaging in a lot of ways (I recall well the dearth of petrol stations that closed here in the 80's when fuel was significantly cheaper up North).

no1beemerfan

Not wrote: »

What's behind the hike in petrols prices does anyone know? I was flabbergasted to see the average unleaded price in Newbridge is suddenly 137.9c/l:eek:
And most other garages I have spotted since seem to be not far off.

It's worrying for motorists considering this is happening before the budget which will presumably put a further hefty hike on the price.

I got some shock when I came into Newbridge on saturday I can tell you.

The way things are going I can see it hitting the €2 a litre mark in the next few years. It makes me weep thinking about it :eek:

BlackWizard

All the more reason to start buying big engine petrol/diesel cars. Enjoy them while you can

Max Power1

no1beemerfan wrote: »

I got some shock when I came into Newbridge on saturday I can tell you.

The way things are going I can see it hitting the €2 a litre mark in the next few years. It makes me weep thinking about it :eek:

:eek:

Then I suppose only 12 months ago we would have said the same about €1.50/litre mark and thats probably not far off what it will be post budget.

Its time for a 1.0 Lupo Diesel methinks!

TestTransmission

Max Power1 wrote: »

Its time for a 1.0 Lupo Diesel methinks!

You drive a fiesta don't you?

Mr Cawley

It's the world oil price lads

Sept: $78 per barrel

today: $89

1 year forecast is $102 p.b.

oilprice.net

Guy:Incognito

Mr Cawley wrote: »

V simple but scary. Euro in trouble, dollar weakening, quantatative easing = rise in commodities (gold,oil)
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src="http://www.oil-price.net/TABLE2/gen.php?lang=en"&gt;
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<noscript> <a href="http://www.oil-price.net/dashboard.php?lang=en#TABLE2">To get the oil price, please enable Javascript.</a>
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1 year forecast is $102 p.b.
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Mr Cawley wrote: »

V simple

So is legible posting, but you failed.

Not

So its looking like an unfortunate coincidence of a bit of everything. Looks like we'll have to get used to €1.50/l starting very soon

Max Power1

TestTransmission wrote: »

You drive a fiesta don't you?

Yes, I was saving up for an XK8 or similar. I think i will have to abandon that plan!

biko

Old UK article but good:

The price of petrol is closely, but not completely, linked to the price of oil. As oil is priced in dollars, movements in the dollar exchange rate affect the price of oil in other currencies.

Petrol refining companies and investment banks can push the price of petrol higher through speculation. This is where they invest in the commodity and try to influence the price by limiting the supply. Refineries will reduce production because they want to keep prices higher.

Read more: http://www.thisismoney.co.uk/bargains-and-rip-offs/motoring/article.html?in_article_id=502585&in_page_id=53949#ixzz17LC5pPUE