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Pump price should be lower?

  • 03-10-2011 3:10pm
    #1
    Robin Ball
    Registered Users, Registered Users 2 Posts: 153 ✭✭


    Given that Oil prices are less than what they were when the price was set at 1.50 per litre, does anyone know why were are still paying the same amount now given that the price has fallen from $125 to $99.

    I know it's been more than 6 weeks so the refinaries have done thier job.... is it something to do with Oil futures?
    Tagged:


Comments

  • #2
    MugMugs
    Registered Users, Registered Users 2 Posts: 17,875 ✭✭✭✭MugMugs


    Robin Ball wrote: »
    Given that Oil prices are less than what they were when the price was set at 1.50 per litre, does anyone know why were are still paying the same amount now given that the price has fallen from $125 to $99.

    I know it's been more than 6 weeks so the refinaries have done thier job.... is it something to do with Oil futures?

    Then you have Euro versus Dollar and taxes etc....


  • #3
    Vicxas
    Registered Users, Registered Users 2 Posts: 15,526 ✭✭✭✭Vicxas


    We were promised a price drop a while back....


  • #4
    Quazzie
    Registered Users, Registered Users 2 Posts: 29,532 ✭✭✭✭Quazzie


    The actual price of oil is only a small factor in the price at the pumps. AS was already stated the price of Euro v Dollar is much more significant as is the tax rate.


  • #5
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    Robin Ball wrote: »
    Given that Oil prices are less than what they were when the price was set at 1.50 per litre, .......?

    €1.459 for me on Saturday in a station that was €1.509 a month or so ago.


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