Petrol/Diesel another jump in price

Twin-go

http://www.rte.ie/news/2012/0123/iran.html

EU Imbargo on Iran could lead to a increase at the pumps. :mad:

Why don't the Government tax only the first €1 of the pump price and leve the remaining price fluctuations just that - fluctations. The way it is currently taxed any changes are magnified by tax/duty.

thirtythirty

You're just looking at it in the wrong way.

Think of it as "every extra cent you pump into your car saves another life from nuclear holocaust".

Pretty sure that's how geo-socio-economic-politics works anyway

keithclancy

Its not the embargo that causes the oil price to jump, its news of the embargo that creates the instability in the market and the price to fluctuate.

I.E. Everyone goes nuts buying oil in the hope of selling later, but the very act of doing that drives the price up anyway.

MrFrisp

So,,if it goes up because of this embargo....How come when it's over,,the price won't come back down again??

Or it won't come down to anywhere near to what it was....

Embargo or not..I call it greed...




.

Bandara

* Books fancy holiday

keithclancy

SexyGuy wrote: »

So,,if it goes up because of this embargo....How come when it's over,,the price won't come back down again??

Or it won't come down to anywhere near to what it was....

Embargo or not..I call it greed..

.

I was in Indonesia there last year, Petrol was 33 euro cents a liter.

Go live there instead, clearly its a better place to live.

dr.fuzzenstein

I'm giving it 4 to 1 for petrol to hit €2 before the year is out.
Where will it end?
€3 per liter? €5?
How far can it go before any of the yoghurts in charge realise this is crippling the economy and ruining lives?
They only look at all that lovely tax rolling in and next quarter will say "Funny, income tax and VAT has crashed 20%, well, better raise them a few more points".
Will the government do anything?
Put it this way, I would not trust any of the dipsh*ts in powe to open a can of dogfood with a pulltab that was already open.
To rise to the top in Irish society, you have to be like cream. Rich and thick.
But something else rises to the top as well, plenty of that too.
Nothing will be done, this will finally scuttle the country, I'm just waiting to hear the tired old excuses for doing nothing.

keithclancy

dr.fuzzenstein wrote: »

I'm giving it 4 to 1 for petrol to hit €2 before the year is out.
Where will it end?
€3 per liter? €5?
How far can it go before any of the yoghurts in charge realise this is crippling the economy and ruining lives?
They only look at all that lovely tax rolling in and next quarter will say "Funny, income tax and VAT has crashed 20%, well, better raise them a few more points".
Will the government do anything?
Put it this way, I would not trust any of the dipsh*ts in powe to open a can of dogfood with a pulltab that was already open.
To rise to the top in Irish society, you have to be like cream. Rich and thick.
But something else rises to the top as well, plenty of that too.
Nothing will be done, this will finally scuttle the country, I'm just waiting to hear the tired old excuses for doing nothing.

Realistically fuel will cost whatever the market can bear.

And since its a finite resource it can only get more expensive.

dr.fuzzenstein

dr.fuzzenstein wrote: »

I'm giving it 4 to 1 for petrol to hit €2 before the year is out..............

You think it's fairly unlikely so

Max Power1

RoverJames wrote: »

You think it's fairly unlikely so

25% chance it would seem :P

I would tend to disagree, no way will petrol/diesel top the €2/litre mark in 2012

[awaits post to be quoted when the inevitable does happen]

Bandara

Flip them odds around the correct way and I'll happily have a sizeable bet with you Mr Fuzz

Max Power1

Max Power1 wrote: »

25% chance it would seem :P

I would tend to disagree, no way will petrol/diesel top the €2/litre mark in 2012

[awaits post to be quoted when the inevitable does happen]

It will in 2013.

1.80 and the end of this year. €2 end of 2013.

Anyone remember the price at the end of 2010? €1.30 was it?