Price of petrol megathread

Stiffler2

Thanks America - you are truly loved by ALL

I assume the sanctions America has placed on Iran is causing this hike.
That on top of our gubberment increasing fuel costs, then slap 23% VAT on top of that as well.

Petrol must have risen about 10c per litre in the last 2 months



F**K YOU AMERICA

py2006

Hasn't it been that price for a while now?

ejmaztec

Must give the Greeks a mention, them fucking around and screwing up the Euro exchange rate, just to add to the sh1t.

drunkmonkey

**** Eamon Gilmore more like it, he's the one who gave the ok for Irish Sanctions against Iran the hypocritical prick.

_feedback_

Fúck sake. I filled up last night @ 157.9 and thought that was bad.

These prices are fúcking killing me.

Stiffler2

py2006 wrote: »

Hasn't it been that price for a while now?

No, the last time I got petrol 5 days ago it was 155.9 a litre.
Today I got petrol and it was 159.9 a litre

5 days apart, same petrol station. I enquired and the person behind the till told me the product was costing more for them and so was passed on to us.

Stiffler2

elviscostello wrote: »

Fúck sake. I filled up last night @ 157.9 and thought that was bad.

These prices are fúcking killing me.

Killing me as well man, gonna have to downgrade to rollerblades I think

Nothingbetter2d

back to horse n cart ireland? the yanks would flock in droves to see ireland back using horses and carts again....... better start knitting them aran sweaters again.

Oh the joys of not owning a car.

summerskin

There are two price changes a week in the oil market, whch are subject to the Rotterdam lagged market price changes, or PLATTS price as it's known in the industry. The price changes on wednesday and friday nights at midnight.

The change in price tonight is 1.63c per litre up, which will be reflected by stations next time they have to pay for their tanks to be filled. Of course if there is another rise next wednesday, and a station gets it's stock next thursday that price could be higher still.

As it is, there is a predicted drop of around 0.5c per litre next wednesday.

44leto

Stiffler2 wrote: »

Thanks America - you are truly loved by ALL

I assume the sanctions America has placed on Iran is causing this hike.
That on top of our gubberment increasing fuel costs, then slap 23% VAT on top of that as well.

Petrol must have risen about 10c per litre in the last 2 months



F**K YOU AMERICA

It has more to do with the weakening Euro against the Dollar all oil is traded in Dollars

So thank you IRELAND and the rest of the pigs thank you.

I wonder will we see 2 euro a litre this year.

Kidchameleon

44leto wrote: »

I wonder will we see 2 euro a litre this year.

Maybe not this year but defo next year

RichieC

Deleted User wrote: »

Oh the joys of not owning a car.

These prices affect everyone indirectly.

Run_to_da_hills

44leto wrote: »

I wonder will we see 2 euro a litre this year.

Maybe as soon as Israel blows up the first US Warship in the persian Gulf.

smash

My local has been 159.9 for a while now. No doubt it's well over 160 now if others have gone up over night.

biko

Motors

facemelter

OK I've heard this a few places but this being the internet im going to spout it like its mine .. The price of petrol is it really that high ? if you consider all the work that has to go into getting from beneath 100's of metres of ocean , under tonnes of rock , processed , cleaned , refined , and pumped into your car for about 1.57 a litre , sure a can of coke can be more expensive than that , I think the reason people talk about it so much it because the amounts we use it in are so vast . any thoughts ?

Doodoo

When you think of it like that why is coke so dear?

jester77

Doodoo wrote: »

When you think of it like that why is coke so dear?

Dodgy business, plus there's a lot of middle men that need paying before it reaches your local dealer

Ellis Dee

Doodoo wrote: »

When you think of it like that why is coke so dear?

Because the production and distribution networks are constantly being harassed by the Americans (DEA) and their stooges in the Colombian government as well as by numerous other governments, in addition to which huge sums have to be paid in bribes to police, customs, judges, politicians and many others to allow the coke to continue to flow. All this inevitably adds to the price the consumer has to pay.:):):)

Sykk

facemelter wrote: »

OK I've heard this a few places but this being the internet im going to spout it like its mine .. The price of petrol is it really that high ? if you consider all the work that has to go into getting from beneath 100's of metres of ocean , under tonnes of rock , processed , cleaned , refined , and pumped into your car for about 1.57 a litre , sure a can of coke can be more expensive than that , I think the reason people talk about it so much it because the amounts we use it in are so vast . any thoughts ?

Sure if you think of the aerodynamics of an aeroplane, sure it costs millions to build it, it's extreme engineering ingenuity. I needs radar. You need pilots and staff.. We should up the prices to 10,000 for a flight!

My point. Look at a basic P&L for any oil company that hasn't spilled **** into the ocean and ask why.

mikemac1

Why is it if we hear on the news about some conflict in an oil producing region or some currency fluctuation that affects the price of a barrel of oil then the price can shoot up overnight

But when it's resolved it can take weeks and months for the price to come back down again

I feel we're getting screwed

excaliburhc

my issue isnt even with the price of petrol if it actually reflected cost and company profit . but paying 85 cent(think thats the correct figure- could be higher) in every liter to our government is what gets me .


they should be lowering their cut -even put inplace a cap and stick to it - if prices rise they lower tax - if prices go down raise taxes /
but they would rather bleed us dry to the breaking point before making changes.

petrol/ diesel has become a nessacity for life - coke hasnt

stevenf17

When compared to places like the US, Yes Petrol is really expensive here, but In comparison to the majority of Europe its not that much more expensive! The majority of petrol price is just Tax really.

FYI petrol in the US costs about €0.72c a litre at the moment!

kryogen

Its a finite resource, it will always only ever really go up in price until its all gone.

The government takes a huge percentage of it in tax also, this would wind ya up. But not much to be done about it tbh, unless everyone is going to start cycling etc, supply and demand, the demand is only growing every day, so the price can be pushed up bit by bit. Same with ciggies

cowzerp

mikemac1 wrote: »

Why is it if we hear on the news about some conflict in an oil producing region or some currency fluctuation that affects the price of a barrel of oil then the price can shoot up overnight

But when it's resolved it can take weeks and months for the price to come back down again

I feel we're getting screwed

We are been screwed, sure the barrels that are going into your car where bought ages ago but they still base the price on the barrell the day it goes up, The Government and the petrol stations are both to blame, sure my local puts the price up at busy periods knowing they will get people in either way then drop it again when its not mad busy.

stevenf17 wrote: »

The majority of petrol price is just Tax really.

FYI petrol in the US costs about €0.72c a litre at the moment!

How they can justify taxing the petrol like that and then still charge for car tax and toll charges too is beyond me-Motorists really are been screwed.

fred funk }{

Go into any garage and you'll find a litre of Ballygowen is dearer than a litre of Petrol. The OP has a point but Fuel is produced on a mass scale and once the system to produce it is in place it becomes cheap to produce.

44leto

It is very cheap for what we get for it and because it id so cheap we abuse it, we drive everywhere in big 5 seater cars and usually alone. But it is also the volume of it that used daily, roughly 20 million barrels a day. We don't consume any other commodity as much, no other commodity is anywhere close.

But OP fret not, the price is rising and it is not coming back down, the world capacity for production is not much more then perhaps 25 million barrels a day, so the days of cheap petrol is coming to an end.

I am taking wagers that we will see 2euro a litre this year. A bet I hope I lose.

smash

facemelter wrote: »

for about 1.57 a litre

I paid 161 yesterday. Where is this cheap petrol you speak of?

Chuck Stone

Expensive oil isn't necessarily a bad thing either because increasing prices make alternatives energy sources more attractive.

At the moment oil is just the best way to power the world.

44leto

stevenf17 wrote: »

When compared to places like the US, Yes Petrol is really expensive here, but In comparison to the majority of Europe its not that much more expensive! The majority of petrol price is just Tax really.

FYI petrol in the US costs about €0.72c a litre at the moment!

I watch the CBS news most nights at 12.30 on Sky and you would want to hear them wailing over the price of ""GAS"", some even can't sell their "Gas" guzzling SUVs and have to opt for smaller cars. Ahhh I do want to give the poor folk a hug.

gerbear1

44leto wrote: »

I watch the CBS news most nights at 12.30 on Sky and you would want to hear them wailing over the price of ""GAS"", some even can't sell their "Gas" guzzling SUVs and have to opt for smaller cars. Ahhh I do want to give the poor folk a hug.

Everything is relative. If I live somewhere were I pay 2 euro a litre, can I say to you to stop complaining about the price of petrol here?

44leto

gerbear1 wrote: »

Everything is relative. If I live somewhere were I pay 2 euro a litre, can I say to you to stop complaining about the price of petrol here?

Sure you can, if you on average earn the same income and pay the same taxes.

But I assume you are from Britain, so yes I hereby give you the right to moan like fukc.

Enjoy. But you have to admit .70 cent a liter in comparison to 1.60 or 2 euro is a vast difference.

I generally don't moan about the price of "gas" as my new car is amazingly economically and I prefer to cycle, I actually hate driving, so I don't fill up that much.

gerbear1

44leto wrote: »

But I assume you are from Britain

?

the_syco

cowzerp wrote: »

How they can justify taxing the petrol like that and then still charge for car tax and toll charges too is beyond me-Motorists really are been screwed.

Agreed, but we both know the government would just squeeze it out of us another way. The thing they don't seem to realise is that when they push up the prices, they get money from us who drive, but it costs those who don't through fuel bills for public transport, transport of goods, etc.

=-=

One of the main costs is insurance for the oil tankers. Insurance from being held captive, from being robbed, from being hit by some looney mofo, etc, etc. And not forgetting that insurance will go up when some nutters threaten to attach the tankers.

44leto

gerbear1 wrote: »

?

And??
In Britain the price of petrol is from 1.50 to 1.60 a liter which is nearly 2 euro.

gbee

It's all done for about 30 cent a litre at the retail pumps. 80% of the final purchase price is Government greed.

gerbear1

44leto wrote: »

And??
In Britain the price of petrol is from 1.50 to 1.60 a liter which is nearly 2 euro.

I didn't know that. I'm not from Britain. I was just coming up with an example off the top of my head.

gbee

Our natural end price should be about €1.10 Today crude prices have fallen slightly.

44leto

gbee wrote: »

It's all done for about 30 cent a litre at the retail pumps. 80% of the final purchase price is Government greed.

Or you could interpret this as, Government need, we do enjoy relatively good public services (except ironically transport) so if they were not getting the income with fuel they would have to get it elsewhere.

I would rather this, at least I have a measure of control over it. I don't have to drive there are other options, which I use, I cycle when I can, I prefer to.

But if they were to abolish fuel tax in exchange for a higher income tax, I would be livid. But I would still cycle.

44leto

gerbear1 wrote: »

I didn't know that. I'm not from Britain. I was just coming up with an example off the top of my head.

And I didn't know I was being trolled:mad:

Dubit10

Petrol and diesel is still pretty good value for money imo.

44leto

But were the consumer really suffers with increased fuel costs is inflation. Fuel has a direct cost link to everything. It is the high volume users like farms, transport costs, shipping, high industrial electricity users.

So when fuel goes up it even effects the people who don't drive. As this surge in the present fuel prices increase just watch your weekly shopping prices soar.

JimiTime

What I loved about living in London, was how there was absolutely no need to have a car. Public Transport was fantastic. Tube breaks down, take another line, or there are 10 busses outside to continue your journey etc. In Dublin last Monday, my once every half hour bus broke down at my bus stop. I asked the driver, what was going to be done (As in, is there another bus on the way as a contingency), and he just shrugged. Walked back to my house, and jumped in the car.

Under these circumstances, I think its extortion charging so much tax and duty on petrol. If there was efficient alternatives, then ok, tax us off the roads. IMO, its just too big a cash cow for the government to ever truly deal with the issue. We'll just get more BS about the green issues of using fossil fuel, off the back of which more tax etc will be levied on motorists. Meanwhile, the OTHER side of solving the green issue, i.e. a good alternative, will be just left alone.

44leto

JimiTime wrote: »

What I loved about living in London, was how there was absolutely no need to have a car. Public Transport was fantastic. Tube breaks down, take another line, or there are 10 busses outside to continue your journey etc. In Dublin last Monday, my once every half hour bus broke down at my bus stop. I asked the driver, what was going to be done (As in, is there another bus on the way as a contingency), and he just shrugged. Walked back to my house, and jumped in the car.

Under these circumstances, I think its extortion charging so much tax and duty on petrol. If there was efficient alternatives, then ok, tax us off the roads. IMO, its just too big a cash cow for the government to ever truly deal with the issue. We'll just get more BS about the green issues of using fossil fuel, off the back of which more tax etc will be levied on motorists. Meanwhile, the OTHER side of solving the green issue, i.e. a good alternative, will be just left alone.

Yeah I lived in London too and it is actually more convenient not to have a car. I love that tube system.

I would like to see dublin with more Luas Lines and Darts. But perhaps Dublin is not densely populated enough, to make more of those services profitable.

ednwireland

Oil giant BP is back in the black, announcing profits of $5.3 billion just a year after the Deepwater Horizon disaster left it facing heavy losses.
http://edition.cnn.com/2011/BUSINESS/07/26/bp.profits.dudley/index.html

Shell makes nearly £1.6m profits every hour

• Full-year profits hit $18.6bn

http://www.guardian.co.uk/business/2011/feb/03/shell-profits-nearly-one-point-six-million-an-hour

(oh and the oil companies will always say expensive fuel prices dont drive up their profits, funny how they are always much higher when the prices are higher

JimiTime

44leto wrote: »

Yeah I lived in London too and it is actually more convenient not to have a car. I love that tube system.

A line I've used a lot. I often thought why so many people actually had cars there.

I would like to see dublin with more Luas Lines and Darts. But perhaps Dublin is not densely populated enough, to make more of those services profitable.

Thats just it, if the decision is taken that its not feasible, then motorists should not be getting hammered with taxes etc.

facemelter

fred funk }{ wrote: »

Go into any garage and you'll find a litre of Ballygowen is dearer than a litre of Petrol. The OP has a point but Fuel is produced on a mass scale and once the system to produce it is in place it becomes cheap to produce.

yeah thats true once the systems are in place its cheaper , but it boggles the mind that water ...that literally falls from the sky can be more expensive than oil , that is buried by tonnes of rock and miles of ocean

eth0

Nobody has mentioned the speculators

Oil speculators: Lads sitting behind a computer pretending to buy lots of oil and pretending to sell it later on while making a load of money in the process.

CrazyRabbit

The price is high because it's always a sellers market. Petrol/Diesel is about as essential as water in modern countries.

And then there's the high taxes. And the politics. And oil companies using any conflict anywhere in the world as an excuse to say "We need to increase prices due to the effects of this conflict".

Oh and of course, one of the biggest reasons...the consumer. Petrol is cheaper in the US mainly because they know American citizens would go ape **** if they tried charging them the same price as us europeans. We just accept it.

solerina

stevenf17 wrote: »

FYI petrol in the US costs about €0.72c a litre at the moment!

Is it really ?? when I was in the US last March it cost $1.46 a gallon !!