Why are we paying 1.50 for petrol

sandin

Panrich wrote: »

You see, I would have more sympathy with the retailers and their crocodile tears that the international price of oil is the cause of the high prices if....... ALL the petrol stations in my area didn't jump from 132.9 to 142.9 on the day after the budget.

most busy stations get deliveries 3 times a week. At that time, I monitored pumps.ie and it took many stations 3 - 4 days before prices were increased. It was actually noted in one of their forums that it actually did take a few days before the tax hikes were added to all stations.

Max Power1

sandin wrote: »

most busy stations get deliveries 3 times a week. At that time, I monitored pumps.ie and it took many stations 3 - 4 days before prices were increased. It was actually noted in one of their forums that it actually did take a few days before the tax hikes were added to all stations.

All of the stations around me (drumcondra) had risen prices hours before midnight (when the budget increases were due to come in) and duly raised them again at midnight. They had also been increasing prices before the budget was announced.

yawnstretch

I think it's great. It's expensive for me too but as I can't yet afford an EV I'm hoping it will encourage richer folk to buy them.

It's time to move away from the oil.

Funky G

Topaz on the malahide road (clare hall)

last sunday on my way to the cinema petrol was 150.9
coming back 2 hours later it was up to 152.9
now its 151.9

robbing cúnts

Idbatterim

why are we paying E1.50?

because motorists are a very easy target! imagine the gov cut their % on the price of fuel! now try and go raise that from welfare savings or PS cuts or PAYE increases! YEAH RIGHT! Although the petrol stations I imagine really dont like the high price of fuel, as they have probably reached the point of diminishing returns! anything over E1.50 and you cross a psychological barrier...

sandin

Funky G wrote: »

Topaz on the malahide road (clare hall)

last sunday on my way to the cinema petrol was 150.9
coming back 2 hours later it was up to 152.9
now its 151.9

robbing cúnts

on a €50 fill, you're talking about 32c

Gee - the petrol station owner is going to retire on that.

Funky G

sandin wrote: »

on a €50 fill, you're talking about 32c

Gee - the petrol station owner is going to retire on that.

try 70 euro per fill. every week.

are you the petrol station owner?

lol.

btw, cheaper down in apple in kinsealy - think they are about 148.9 for petrol

plus they drop there prices after 11pm by 2 cent per litre on petrol and diesel for anyone on the nightshift.

eas

sandin wrote: »

on a €50 fill, you're talking about 32c

Gee - the petrol station owner is going to retire on that.

32 cents here, 32 cents there. Over 12 months, several 32cent increases surely must add up?

sandin

eas wrote: »

32 cents here, 32 cents there. Over 12 months, several 32cent increases surely must add up?

There are tons of fuel staions on the market for anyone who thinks they can make money from them.

btw - a station takes on average 3c - 4c from each litre of fuel. Credit card fee will cost 1%, then there's staff, rent, rates etc.

Put it this way - if I was given one free, i wouldn't take it.

david....

i work in a very busy petrol station on the outskirts of a town, it is still busy but i dont think there is great money to be made in it anymore.
i sign for petrol and diesel whenever it arrives in and the diesel docket i signed today stated he buys diesel in at 137.8 and sells it for 140.9 !!!
that is a very low profit imo and we get drive off's every so often which effect profits too!!
overall we need deli sales to survive cause he has to pay for staff , bins , rent etc. and general problems which occur around the shop to survive!! there is more expenses than you think in running a shop and its not a plain sailing

jett

I don't think anyone is having a go at the point of sale price.
Its greedy speculators and the governments tax grab thats the rip off.
The crude price has dropped quite a bit yet the price at the pump seems to be going up?

maxer68

jett wrote: »

I don't think anyone is having a go at the point of sale price.
Its greedy speculators and the governments tax grab thats the rip off.
The crude price has dropped quite a bit yet the price at the pump seems to be going up?

When you convert the dollar to euro the crude price is within 2% of the highs of May and within 10% of the highs of 2008.

Yes, speculators drive the raw material prices up, government add huge taxes and less than 10c is divided between importer and retailer.

jett

Cynicaly I suspect a right old fiddle between currencies, commodities, interest rates etc.
Whichever way they go, they compensate back to maximum rip off.

maxer68

jett wrote: »

Cynicaly I suspect a right old fiddle between currencies, commodities, interest rates etc.
Whichever way they go, they compensate back to maximum rip off.

Not a fiddle but there is a correlation.

If the US dollar rises, it because the economy is getting better, oil prices go up because speculators are betting on even better news.

Get rid of the speculators and you'll have the price drop to $60 overnight.

shamtastic

david.... wrote: »

i work in a very busy petrol station on the outskirts of a town, it is still busy but i dont think there is great money to be made in it anymore.
i sign for petrol and diesel whenever it arrives in and the diesel docket i signed today stated he buys diesel in at 137.8 and sells it for 140.9 !!!
that is a very low profit imo and we get drive off's every so often which effect profits too!!
overall we need deli sales to survive cause he has to pay for staff , bins , rent etc. and general problems which occur around the shop to survive!! there is more expenses than you think in running a shop and its not a plain sailing

You're dead right. Until you work in a petrol station, you have no idea how many people actually drive off or forget to pay it really is crazy.

gflood

Brent crude is down 15% in the last month, where is the reduction at the pumps ???

maxer68

gflood wrote: »

Brent crude is down 15% in the last month, where is the reduction at the pumps ???

Where are you getting your information?

Brent crude oil (this is the stuff used in Europe) was at $119 today, the dollar is at 1.41. In euro terms its within 1% of the year high set in may and in euro, just 4% below the all time high set in 2008.

colrow

unleaded here in Holland is roundabout 1.68 a litre, diesel is 1.26

gflood

no its not check Bloomberg. Its currently trading at $94 a barrel due to Greece and Syria unrests (lower demand)

http://www.forexdirectory.net/oil.html

jett

But even though the USA is apparently in trouble the world still wants the yankee dollar.
As usual the money changers are doing very well thank you.

Dymo

2 years ago the price diesel in Spain was the same as here, now here is 25c dearer per litre.

Le_Dieux

gflood wrote: »

no its not check Bloomberg. Its currently trading at $94 a barrel due to Greece and Syria unrests (lower demand)

http://www.forexdirectory.net/oil.html

I know our oil is bought via Brent Crude, which was at $119/barrel this morning. The $94 is for whatever oil is traded in New York.

maxer68

gflood wrote: »

no its not check Bloomberg. Its currently trading at $94 a barrel due to Greece and Syria unrests (lower demand)

http://www.forexdirectory.net/oil.html

Here's a page with all brent & wti prices, refined fuels such as diesel / unleaded etc. Unleaded & diesel prices are per US gallon - 3.8litres.

http://www.profitquotes.com/commodities-quotes.mpl?i=1&Oil+and+Gas+Quotes

a little work on a calculator adding in the 59.6c government duties + 21% vat will give you an idea of the tiny margins the stations work on.

jett

Have seen two large duty rises plus VAT.
Nett effect less driving and less tourists.
Law of diminishing returns seems to rule.
Its no problem for those on gold plated "expenses"

challengemaster

Currently over in the US

Petrol prices start at $3.39 per GALLON, most expensive (higher octane, vpower) being around $3.72, and diesel is about $3.70

What that works out as, is roughly €0.74 a litre. There was complete uproar a few months ago when prices went anywhere near $4 a gallon, yet we're paying double that..

What. The. Fook.

maxer68

challengemaster wrote: »

Currently over in the US

Petrol prices start at $3.39 per GALLON, most expensive (higher octane, vpower) being around $3.72, and diesel is about $3.70

What that works out as, is roughly €0.74 a litre. There was complete uproar a few months ago when prices went anywhere near $4 a gallon, yet we're paying double that..

What. The. Fook.

But in the US they take taxes off you in many many other ways.

Crazy Horse 6

challengemaster wrote: »

Currently over in the US

Petrol prices start at $3.39 per GALLON, most expensive (higher octane, vpower) being around $3.72, and diesel is about $3.70

What that works out as, is roughly €0.74 a litre. There was complete uproar a few months ago when prices went anywhere near $4 a gallon, yet we're paying double that..

What. The. Fook.

The US incase you did'nt notice has a big ass military + nuclear weapons and we have a few old cannons. That's the reason they have cheap as chips fuel.

whiterebel

david.... wrote: »

i work in a very busy petrol station on the outskirts of a town, it is still busy but i dont think there is great money to be made in it anymore.
i sign for petrol and diesel whenever it arrives in and the diesel docket i signed today stated he buys diesel in at 137.8 and sells it for 140.9 !!!
that is a very low profit imo and we get drive off's every so often which effect profits too!!
overall we need deli sales to survive cause he has to pay for staff , bins , rent etc. and general problems which occur around the shop to survive!! there is more expenses than you think in running a shop and its not a plain sailing

Don't forget the rebate that he'll get for the volume of sales.......

visual

whiterebel wrote: »

david.... wrote: »

i work in a very busy petrol station on the outskirts of a town, it is still busy but i dont think there is great money to be made in it anymore.
i sign for petrol and diesel whenever it arrives in and the diesel docket i signed today stated he buys diesel in at 137.8 and sells it for 140.9 !!!
that is a very low profit imo and we get drive off's every so often which effect profits too!!
overall we need deli sales to survive cause he has to pay for staff , bins , rent etc. and general problems which occur around the shop to survive!! there is more expenses than you think in running a shop and its not a plain sailing

Don't forget the rebate that he'll get for the volume of sales.......

Plus most cars fule tanks are 50 to 80 liters then there is all the over price stuff in a garage shop.
Without the pump out side the customers (drivers) would pass on by.

But the real rip of in in vat and duty on fule
It's a cash cow for the gov

juuge

david.... wrote: »

i sign for petrol and diesel whenever it arrives in and the diesel docket i signed today stated he buys diesel in at 137.8

Why is the invoice price quoted on a delivery docket? That's unusual!