Petrol predict when it will hit 2euro a liter

patwicklow

I say mid June when do you think it will hit the 2e mark and above?

2014 at the earliest for petrol, if I was a bookie I'd make 2015 the favourite and would rejoice at all the money coming in for Summer 2012.

Are you on about petrol or diesel?

Jimdagym

Dont like this game. No one wins.

questionquick

Let's hope there's no military action in Iran,that could affect the price..if there was then I wouldn't be surprised if the €2 came along soon.

MickySticks

Jimdagym wrote: »

Dont like this game. No one wins.

Except the Government.

patwicklow

RoverJames wrote: »

2014 at the earliest for petrol, if I was a bookie I'd make 2015 the favourite and would rejoice at all the money coming in for Summer 2012.

Are you on about petrol or diesel?

Petrol, 2015??? you are way out, it will be June mark my words.

Al Capwned

increase of 40c in 3 and a bit months.
jesus i hope not

CiniO

€2 is still not that bad.
If you earn €500 a week, you could afford 250 litres per week.
With average car fuel consumption at 8l/100km this gives you over 3000km per week. That's quite a lot.

patwicklow

patwicklow wrote: »

Petrol, 2015??? you are way out, it will be June mark my words.

You asked for a prediction, I gave it, I already read yours in the first post, no need to repeat yourself, it's not going to make me alter my prediction

I also said 2014 at the earliest.

patwicklow

RoverJames wrote: »

You asked for a prediction, I gave it, I already read yours in the first post, no need to repeat yourself, it's not going to make me alter my prediction

I also said 2014 at the earliest.

Sorry for repeating myself saying it will be June:rolleyes:

Atlantic Dawn

CiniO wrote: »

€2 is still not that bad.
If you earn €500 a week, you could afford 250 litres per week.
With average car fuel consumption at 8l/100km this gives you over 3000km per week. That's quite a lot.

And you could live off the fumes

I'd say another 5 cent on a litre is a dead cert in Decembers budget and each Decembers budget onwards, then you also have various carbon levies which they tell us are to prevent the earth warming up but the earth is actually cooling since 1998 and if what they say about global warming is true they should be giving fuel grants to burn as much as possible to heat the earth.

A possible invasion of Iran may bring it higher temporarily until the invasion is over but there's always the risk that a few nukes will get lobbed around the area and perhaps all oil in the region could be stopped. Most places are now about €1.60 a litre so if the wholesale price increases by about 20 cent which isn't all that much it will be €2 a litre fairly quick.

I predict October 2013 for €2 a litre.

patwicklow

CiniO wrote: »

€2 is still not that bad.
If you earn €500 a week, you could afford 250 litres per week.
With average car fuel consumption at 8l/100km this gives you over 3000km per week. That's quite a lot.

So have you found a way to eat and drink the stuff lol

drunkmonkey

CiniO wrote: »

€2 is still not that bad.
If you earn €500 a week, you could afford 250 litres per week.
With average car fuel consumption at 8l/100km this gives you over 3000km per week. That's quite a lot.

If you earn €500pw you won't have €500pw left for fuel. You may have €50 left, now if it's a 200km round trip to work you can afford to go to work/home once a week.

L1011

patwicklow wrote: »

Sorry for repeating myself saying it will be June:rolleyes:

If you asked for predictions why are you telling everyone they're wrong when they make a prediction?

MickySticks

Joe Joyce won't like this he said in Knuckle that he soaked his hands in petterdil for a few hours a day in the lead up to a fight. Not at €2 a later he won't.

Markcheese

Don't reckon we'll hit 2euro a litre for a while yet, if it doesn't happen this year then prob won't happen for another 10 or 15 years ( hopefully). Of course another shooting war in mid east would change that quick ... Anyone know how much a gallon of petrol compared to average wage is now versus the late 70's early 80's

Al Capwned

CiniO wrote: »

€2 is still not that bad.
If you earn €500 a week, you could afford 250 litres per week.
With average car fuel consumption at 8l/100km this gives you over 3000km per week. That's quite a lot.

Jesus.....

€2 is not that bad????? Seriously?

drunkmonkey

drunkmonkey wrote: »

............. You may have €50 left, now if it's a 200km round trip to work you can afford to go to work/home once a week.

And loads of people living 60 miles from work run 22mpg cars

patwicklow

MYOB wrote: »

If you asked for predictions why are you telling everyone they're wrong when they make a prediction?

Im not telling every one there wrong i am saying June, just 2015 is way way off the mark that is all.

L1011

patwicklow wrote: »

Im not telling every one there wrong i am saying June, just 2015 is way way off the mark that is all.

You are most certainly telling people that they're (apparently) wrong.

patwicklow

patwicklow wrote: »

Im not telling every one there wrong i am saying June, just 2015 is way way off the mark that is all.

We'll know by June how off the mark or otherwise you are
And I will be bumping this so we can all "mark" your words :pac:

CiniO

Atlantic Dawn wrote: »

And you could live off the fumes

patwicklow wrote: »

So have you found a way to eat and drink the stuff lol

drunkmonkey wrote: »

If you earn €500pw you won't have €500pw left for fuel. You may have €50 left, now if it's a 200km round trip to work you can afford to go to work/home once a week.

No, no.
It wasn't my point that you can spend everything on fuel.
Barely anyone has a need to travel 3000km per week.
I just wanted to point out that petrol, even if at €2, will be still perfectly affordable for most Irish people.

This are current prices from Poland:


It's different currency of course, but imagine people there earn about the same amount of that currency, as people in Ireland earn in euros.

Petrol at 5.65 and people are still able to afford it.
There for 500 a week, you can buy only 88 litres of petrol, comparing to 250 litres in Ireland if it was for €2, and to about 312 litres at current €1.6 per litre.

Atlantic Dawn

When the price of petrol is more than the price of beer you know there's a problem, your cars taste in drink should never be more expensive than yours .

patwicklow

CiniO wrote: »

No, no.
It wasn't my point that you can spend everything on fuel.
Barely anyone has a need to travel 3000km per week.
I just wanted to point out that petrol, even if at €2, will be still perfectly affordable for most Irish people.

This are current prices from Poland:


It's different currency of course, but imagine people there earn about the same amount of that currency, as people in Ireland earn in euros.

Petrol at 5.65 and people are still able to afford it.
There for 500 a week, you can buy only 88 litres of petrol, comparing to 250 litres in Ireland if it was for €2, and to about 312 litres at current €1.6 per litre.

Is that you Enda? Being from Mayo and all

Al Capwned

Not sure if you're being serious or just taking the piss....


5.65 POLISH ZLOTY is roughly equivalent to €1.35

Juniorhurler

In 1975 average wage was £2520 with petrol at 16p per litre.

Now average industrial wage is €33000with petrol at €1.60 per litre so it is broadly similar taking the euro/punt differential into account

Jimdagym

Wtf has the price of petrol in Poland got to do with anything? I couldn't care less if petrol was free there, or €100 a litre.

drunkmonkey

CiniO wrote: »

It's different currency of course, but imagine people there earn about the same amount of that currency, as people in Ireland earn in euros.

So if there in the Euro and we're in the euro why are they only paying €1.35 per liter.

We're getting rode by Enda & Co that's why.

Atlantic Dawn

Juniorhurler wrote: »

In 1975 average wage was £2520 with petrol at 16p per litre.

Now average industrial wage is €33000with petrol at €1.60 per litre so it is broadly similar taking the euro/punt differential into account

Interesting. You also have to factor in mpg was probably half or less than half what cars are capable of now so would have been even more expensive.

Gingernuts31

Jesus if it does hit 2€ a litre we will see alot of companies closing down. Especially haulage companies and more and more people won't be able to afford to pay 2€ for 1 litre of petrol. Would cost 120€ to fill a 60 litre tank :eek:. The gov needs to wake up and stop putting on the carbon levies because even now its tough on people who are struggling as it is .

alproctor

alproctor wrote: »

Not sure if you're being serious or just taking the piss....


5.65 POLISH ZLOTY is roughly equivalent to €1.35

Folks working in shops over there get 300/400 POLISH ZLOTY where as here folks working in shops get €320/€400 ish per week.

Cinio's point is that fuel is relatively cheap here.

CiniO

Juniorhurler wrote: »

In 1975 average wage was £2520 with petrol at 16p per litre.

Now average industrial wage is €33000with petrol at €1.60 per litre so it is broadly similar taking the euro/punt differential into account

So it means, that for average salary in 1975 you could have had 15,750 litres, while now for average salary you can have 20,625 litres which is about 30% more.

Even if petrol was for €2, it would be still more than in 1975, at 16,500 litres per year.

fmul9798

US price is expected to go from approx 3.50 gallon to $4 this year.take that percentage and factor in exchange rate fluctuations and we could easily see 2 euro a litre this year.

CiniO

alproctor wrote: »

Not sure if you're being serious or just taking the piss....


5.65 POLISH ZLOTY is roughly equivalent to €1.35

Yeap.
And those who get €500 per week here, get only €120 per week there.
See the point?

CiniO

Jimdagym wrote: »

Wtf has the price of petrol in Poland got to do with anything? I couldn't care less if petrol was free there, or €100 a litre.

Don't you like to compare things?

Or are you limited to Island of Ireland only, and you don't give a sh1te about anything and anyone else?

drunkmonkey

drunkmonkey wrote: »

So if there in the Euro and we're in the euro why are they only paying €1.35 per liter.

We're getting rode by Enda & Co that's why.

... you reckon all countries "in the euro" ( presumably the EU) should pay the same for fuel so?

MickySticks

CiniO wrote: »

Don't you like to compare things?

Or are you limited to Island of Ireland only, and you don't give a sh1te about anything and anyone else?

Why would he or anyone else living in Ireland give a shit about petrol prices in Poland?

johnos1984

MickySticks wrote: »

Why would he or anyone else living in Ireland give a shit about petrol prices in Poland?

He is from Poland AFAIK and he is demonstrating that we have relatively cheap fuel

The example is fine

CiniO

MickySticks wrote: »

Why would he or anyone else living in Ireland give a shit about petrol prices in Poland?

Because this thread is about petrol prices and how affordable it is???

Some of you say that at €2 it's going to be completely unaffordable for most.
I showed example, that there are countries, where petrol costs waaaaay more than here (relatively to salaries) and people still can manage.

Actually I'd risk to say, that Ireland is one of few places on Earth, where petrol is very cheap comparing to salaries, and even if it will go up by another euro or so, it still will be perfectly affordable for most people.

MickySticks

MickySticks wrote: »

Why would he or anyone else living in Ireland give a shit about petrol prices in Poland?

I like to see how much things cost in other economies relative to here, it makes some aspects of our economy look very appealing and shows how Ireland isn't such a bad place at all really

Also we have many Polish folk living here so it's nice to hear them talk about home and share their views etc, I'm sure if I was abroad I'd mention home etc etc.

It annoys the doooooooooooooooooooooooooom merchants too which is always good.

Seweryn

CiniO wrote: »

I just wanted to point out that petrol, even if at €2, will be still perfectly affordable for most Irish people.

True, but the problem here is that Irish people are not as good at adjusting their spendings to the budget they have available, while in Poland people can live with proportionally the same incomes, but 3 times higher prices of goods. I would see a problem here before fuel prices reach €6 per litre, as they are in Poland now (proportionally).

Anyway, I think we reach €2 per litre here by the end of 2013. That is a blind guess and it may happen a lot sooner or a lot later, nobody knows.

Seweryn

Seweryn wrote: »

............

Anyway, I think we reach €2 per litre here by the end of 2013. That is a blind guess and it may happen a lot sooner or a lot later, nobody knows.

2013 :eek:

Are you well, you're sooooooooooooooo much off the mark there with that :pac:

CiniO

Seweryn wrote: »

True, but the problem here is that Irish people are not as good at adjusting their spendings to the budget they have available, while in Poland people can live with proportionally the same incomes, but 3 times higher prices of goods. I would see a problem here before fuel prices reach €6 per litre, as they are in Poland now (proportionally).

Anyway, I think we reach €2 per litre here by the end of 2013. That is a blind guess and it may happen a lot sooner or a lot later, nobody knows.

Maybe it's going to go the other way.
I remember petrol at €1.329 in summer 2008 and I actually thought it was expensive.
Then in January 1999, we had it for 0.969

You never really know the future

Seweryn

RoverJames wrote: »

2013 :eek:

Are you well, you're sooooooooooooooo much off the mark there with that :pac:

Hang on there for a minute and let me clean my crystal ball .

Seweryn

CiniO wrote: »

Maybe it's going to go the other way.
I remember petrol at €1.329 in summer 2008 and I actually thought it was expensive.
Then in January 1999, we had it for 0.969

You never really know the future

... and in early March 2009, it was only €0.889. Now, that was cheap .

CiniO

Seweryn wrote: »

... and in early March 2009, it was only €0.889. Now, that was cheap .

I've never seen petrol gone below 0.969
But Mayo was always dear

Agent_47

Gingernuts31 wrote: »

Jesus if it does hit 2€ a litre we will see alot of companies closing down. Especially haulage companies and more and more people won't be able to afford to pay 2€ for 1 litre of petrol. Would cost 120€ to fill a 60 litre tank :eek:. The gov needs to wake up and stop putting on the carbon levies because even now its tough on people who are struggling as it is .

Carbon levies drop on fuels in May this year.

Impact of rising transport costs has a knock rise for inflation given the prices of goods brought by road and rail will rise. Although how the consumer price index recently dropped with all the hikes in VHI, healthcare, VAT, petrol and diesel etc shows how much this monitoring mechanism is skewed against recording correct trends in prices rises affecting ones pocket. The price rises in petrol and diesel are very much visible and going up.

Predict 1.80 by year end, 2 € by june 2013

CiniO

I actually didn't make any prediction yet in this thread.

So I'll say that unless there will be any war in EU or USA, IMHO fuel prices won't reach €2 in next 5 years at least.
I'd rather expect fuel prices drop by the end of this year.

But that's just my prediction.
I'll be very happy to return to this thread in few years, and take a look again at all those prediction in here.

corktina

yeah I reckon June.....









now to decide which June...:rolleyes:

Terrontress

Nobody lives on petrol alone. It's the price of everything else. Rent, inflated mortgages, entertainment, tax. All lethal. I'd be happy to spend €2/l for petrol if I could get away without paying off a mortgage for €100k more than the dirtbox I own is worth.
What is the cost of a fleapit like mine in a Polish town with equally bad public services and transport as where I live? How much Universal Social Charge, bin tax, stamp duty was charged in 1986 or whatever year we're comparing to.

It isn't like for like.

CiniO

CiniO wrote: »

............
I'll be very happy to return to this thread in few years..............

All going well we'll all be around to have a peak