Possible petrol price drop on the way

JJJJNR

Well according to these guys in bloomberg.

http://www.bloomberg.com/video/oil-supply-shock-bent-going-to-50-Fhy6krw2SCKXqIk45rLIrA.html

NIMAN

Believe it when I see it.

Its always quick to go up, so not quick the other way.

serious3

mate of mine who's in the plumbing/heating trade reckons kerosene is the cheapest its been for 3 yrs, so if thats anything to go by then maybe

Mister Jingles

Petrol prices haven't really moved at all over the past 6 weeks strangely. Most places in Dublin averaging €1.55/€1.56 per liter with the south side been mostly cheaper by a couple of cent. But still I can't begin to image how pissed off people who were driving back when it was around the €1 mark are today as I know no different with today's prices.

I also miss the fuel forecast from Pumps.ie which hasn't been updated in 6 months.

IncognitoMan

It was 90 odd cent when I started driving about 4 years ago. Between the fuel and tax my wallet is just a glorified card holder

mickdw

IncognitoMan wrote: »

It was 90 odd cent when I started driving about 4 years ago. Between the fuel and tax my wallet is just a glorified card holder

As far as I remember it was 79 pence when i bought first car in 2000. Thats about 1 euro. Can't see that it was 90 cent 4 years ago.

CiniO

mickdw wrote: »

As far as I remember it was 79 pence when i bought first car in 2000. Thats about 1 euro. Can't see that it was 90 cent 4 years ago.

In 2009 petrol went under 1 euro.
In my region this was about 0.969 but I'm sure there were places in Ireland you could get is cheaper.

In 2008 it was over 1.30 so drop was really significant.

Then unfortunately from 2009 it's going up and up all the time.

Mister Jingles

I remember around this time last year we were all predicting when it would hit €2 a liter, and to say the least most of us were wrong

Don't ask me why but I would be surprised if we do see prices reach €1.70 again at all this year.

Top Dog

Photo of my wife (then my girlfriend ) taken about 12 years ago sitting on the bonnet of our car outside a petrol station in Tramore or Dungarvan - check out the price of super in the back-ground

IncognitoMan

mickdw wrote: »

As far as I remember it was 79 pence when i bought first car in 2000. Thats about 1 euro. Can't see that it was 90 cent 4 years ago.

Ya I'm fairly certain it was less than a euro anyway.

Mister Jingles

Top Dog wrote: »

Photo of my wife (then my girlfriend ) taken about 12 years ago sitting on the bonnet of our car outside a petrol station in Tramore or Dungarvan - check out the price of super in the back-ground

There's a place out by Dublin Airport that has a sign quite similar to the one in your picture except it has a 1. before the 7

Top Dog

Mister Jingles wrote: »

There's a place out by Dublin Airport that has a sign quite similar to the one in your picture except it has a 1. before the 7

:eek::eek::eek:

Mister Jingles

Top Dog wrote: »

:eek::eek::eek:

http://www.herald.ie/news/im-charging-too-little-says-owner-of-irelands-dearest-petrol-station-28016021.html

And from 2005:
http://www.independent.ie/irish-news/we-name-and-shame-irelands-most-expensive-petrol-station-at-1178-26210730.html

Top Dog

Mister Jingles wrote: »

http://www.herald.ie/news/im-charging-too-little-says-owner-of-irelands-dearest-petrol-station-28016021.html

What a c0ck! :eek:

Mr Kelly, who lives in Malahide, said: "I have 10 creches that I made a million on last year. I don't need the money."

If he doesn't need the money then close the station and save the hassle of drive-aways and complaining customers :rolleyes:

Mint Sauce

And you tell me this after I have just brimmed the tank!

:mad:

georgefalls

Top Dog wrote: »

Photo of my wife (then my girlfriend ) taken about 12 years ago sitting on the bonnet of our car outside a petrol station in Tramore or Dungarvan - check out the price of super in the back-ground

Is she still fit..:D

_Kaiser_

Think it has come down a bit lately alright. Diesel was €1.46 in the local Maxol I passed this morning vs the €1.50+ I was paying not that long ago..

Max Power1

Kaiser2000 wrote: »

Think it has come down a bit lately alright. Diesel was €1.46 in the local Maxol I passed this morning vs the €1.50+ I was paying not that long ago..

It is coming down, albeit very gradually.
Cheap places (branded ones only) are now 1.42-1.43 and the dear ones are 1.46-1.48

When you spend about €100 per tank, every cpl helps!

Sofiztikated

Top Dog wrote: »

What a c0ck! :eek:


If he doesn't need the money then close the station and save the hassle of drive-aways and complaining customers :rolleyes:

Then staff would be out of a job.

While I agree, his comments show him to be a twat, remember that the quotes are from tabloid, and so may not be taken in the correct context, or rather misquoted to shock and outrage.

And it's his right, as a business, to charge what he thinks the product will sell for.

I still think it's a dear hole, and he's preying on the stupidity of tourists.

EDIT: Oh, and Petrol is 156.9 ish. Don't know about that other malarky, diesel. Edit 2: In Cavan town.

JJJJNR

Brent was $119 barrel in feb its now $102, prices at the pump havent came down much since feb, if at all, someone always making money..

Cee-Jay-Cee

Unfortunately I remember when it hit 50p a litre and I thought it was expensive then (which it probably was relative to earnings)

listermint

JJJJNR wrote: »

Brent was $119 barrel in feb its now $102, prices at the pump havent came down much since feb, if at all, someone always making money..

Aint that the truth

Wetbench4

You just have to check google street view to see how much prices have changed. Here is chawkes garage limerick on streetview showing diesel at 100.9 and petrol at 107.9.

https://maps.google.com/?ll=52.667829,-8.5521&spn=0.001391,0.004128&t=h&z=19&layer=c&cbll=52.667821,-8.552308&panoid=ZZFqkrsh93SUAJV-dBIpjg&cbp=12,247.95,,0,4.02

Not sure what year it is but google streetview is only around for 3 or 4 years

flyingsnail

Wetbench4 wrote: »

You just have to check google street view to see how much prices have changed. Here is chawkes garage limerick on streetview showing diesel at 100.9 and petrol at 107.9.

https://maps.google.com/?ll=52.667829,-8.5521&spn=0.001391,0.004128&t=h&z=19&layer=c&cbll=52.667821,-8.552308&panoid=ZZFqkrsh93SUAJV-dBIpjg&cbp=12,247.95,,0,4.02

Not sure what year it is but google streetview is only around for 3 or 4 years

Bottom left say Image Date : May 2009

NobodyImportant

GTi-R Kid & GTi-R Gurlie (the photo taker and girl in the photo). Man that brings back memories from a long time ago.

Colonel Sanders

Usually fill up in the Maxol on Constitution Hill, price last Sunday was 144.9c for Diesel, down from around 156-157 a while back. First time since I can't remember when the tank came in less than €90

Xmas 2008, early 2009 I was paying 91.9c per litre for diesel

dgt

I remember in 2009 filling my car with petrol that was 99 cent a litre and diesel was 89 cent a litre. Those were the somewhat cheaper days....

I also remember when diesel was 49p a litre and petrol was 53p a litre. Better days again!

Of course then there was the 60s.... 1 shilling and 6 pence a gallon for regular :eek:

Supergurrier

Was a late starter to driving at 24 but remember even in 2007 petrol being as low as 95c a litre and since as high as 1.72 motor tax on even a 1.4 went up almost 50% since.

Talk about being taken for a ride

Ronnie Beck

http://www.telegraph.co.uk/finance/newsbysector/energy/10057017/BP-Shell-and-Statoil-investigated-over-suspected-oil-price-manipulation.html

just to pull this out from under the rug. The cause of the drop perhaps.

143 for diesel in Kinnegad and 1 hour later 149 in Galway :mad:


I do miss the days where 30 quid would get you across the country and back. I've done 1000 miles in the last ten days working. The wages got a serous kick in the balls. I'd love if they brought out a third diesel fuel rate for commercials. There was little or no point in me working the last 10 days. Would have come out with similar money on the dole.

Caliden

The base cost of the fuel still only accounts for 41% of the total cost. The cost of vat & duty is 51% of the total cost.

flanzer

All this means one thing - Cue the government upping carbon taxes on fossil fuels.

mad muffin

When I left Perth 13 years ago petrol was 0.54c per ltr and LPG which is used like diesel over here and all the taxis are on it was 0.32c per ltr :cool:

Eric Cartman

When I started driving 5~ years ago diesel was 89 cent a litre, I don't think we'll see those days again

unkel

Mid to late 90s the petrol was 55p for years

Previous poster is not wrong about petrol being a lot cheaper a few years ago. I remember filling the 735 up with nearly 83 liters for under €100 about 5 years ago...

dgt

flanzer wrote: »

All this means one thing - Cue the government upping carbon taxes on fossil fuels.

Calco and the likes have been hiked up already so it won't be long now till they hike up road fuels again methinks

Caliden

dgt wrote: »

Calco and the likes have been hiked up already so it won't be long now till they hike up road fuels again methinks

We escaped last budget so it's almost a certainty next one.

dgt

Caliden wrote: »

We escaped last budget so it's almost a certainty next one.

Motor tax went up though..... My car isn't even worth what I pay for the year! :rolleyes:

Caliden

dgt wrote: »

Motor tax went up though..... My car isn't even worth what I pay for the year! :rolleyes:

Well they couldn't put both up, that would be one step too far. Best to stagger the increases so it's looks better.

I really wish they would do away with motor tax and lump it on the cost of petrol, that way it catches everyone (including tourists) but the sad fact is that the old motor tax charges are the golden goose and they wouldn't take in as much if the tax was on petrol. People who bought 08+ cars would also be up in arms.

The fact is though that you would need to be doing some serious mileage every year for the old system to work in your favour (even with the new tax bands)

dgt

Caliden wrote: »

Well they couldn't put both up, that would be one step too far. Best to stagger the increases so it's looks better.

I really wish they would do away with motor tax and lump it on the cost of petrol, that way it catches everyone (including tourists) but the sad fact is that the old motor tax charges are the golden goose and they wouldn't take in as much if the tax was on petrol. People who bought 08+ cars would also be up in arms.

The fact is though that you would need to be doing some serious mileage every year for the old system to work in your favour (even with the new tax bands)

True that, it didn't look as bad yet still being screwed!

I don't mind the motor tax as long as it either stays the same or wages increased with the rise.... Why am I talking about wages when I don't even have a job!

But yes, implement that system and there would still be people cringing somewhere. Human nature I guess, nobody likes paying taxes.

As for mileage, 25k miles in less than 9 months between 2 similar cars, not accounting other cars and vans driven inbetween. I do the mileage to justify such a car

Sobanek

Brent keeps going up, so I'm not sure if we'll see any reductions at all...

Yakuza

unkel wrote: »

Mid to late 90s the petrol was 55p for years

Previous poster is not wrong about petrol being a lot cheaper a few years ago. I remember filling the 735 up with nearly 83 liters for under €100 about 5 years ago...

Yep, I bought my first car in 1990 (was driving since 1988 but you only really pay attention to fuel prices when it's your car ) and I was paying around 54.9p/litre (69.7 cent in new money ). It spiked to almost 70p (88.9c) during the first Gulf War but settled down once Saddam had been put back in his box.

K.Flyer

I think they play a game with the price of fuel.
They crank it up by a good bit and we all grumble and squirm about it, then they drop it back a little after a while so we all feel things are looking good. But they never drop it too much. Then they leave it for a while and then shove the price up higher again and so the cycle continues.
A bit like two steps forward one step back, but still moving in the one direction.
When I was learning to drive there was an Outcry almost Civil Unrest when petrol hit the 1 pound per Gallon (approx 30 cent a litre or 1.23 euro a gallon.
Now its over 7 euro a gallon.

Sobanek

It's €0.49 per litre of oil at $104 per barrel.
Refined it's about €0.56, so let's say €0.07 for every litre refined.

If oil fell down to $50 per barrel, it would be €0.23 for a litre of oil and then €0.30 for a litre of petrol refined.

€0.30 basic cost
€0.41 with the Retailer & distributor margin (est)
€0.97 with the current duty (around 56c per litre)
€0.97 * 1.23 = €1.19 - that would be the cost of petrol if the oil fell down to $50.

This is all approximate, so I could be wrong, but it's around that much...

pa990

Last year oil was predicted to crash to $60 by a barrel (credit suisse and citi bank ), due to the abundance of oil, it never happened.

As much as i would like oil to drop to $50 a barrel, i don't hold out much hope.

CiniO

If anyone is interested that's a quick copy and paste from my spreadsheet where I note everything in relation to my car.

This is just three columns copied (DATE - MILEAGE - FUEL PRICE)
So you can see what prices of petrol were for the last 5 years.

24/04/2008 85455 1.239
05/05/2008 85930 1.239
07/05/2008 86381 1.209
16/05/2008 86774 1.279
20/05/2008 86950 1.299
22/05/2008 87144 1.259
27/05/2008 87344 1.259
05/06/2008 87830 1.279
27/06/2008 88263 1.309
30/06/2008 88479 1.309
16/07/2008 88925 1.339
04/08/2008 89401 1.319
13/08/2008 89890 1.279
06/09/2008 90355 1.269
27/09/2008 90774 1.219
15/10/2008 91221 1.219
28/10/2008 91635 1.179
09/11/2008 92041 1.159
15/11/2008 92510 1.099
20/11/2008 92767 1.049
04/12/2008 93220 0.999
13/12/2008 93536 0.999
18/12/2008 93785 0.979
31/12/2008 94228 0.979
13/01/2009 94698 0.969
21/01/2009 95183 0.979
30/01/2009 95619 0.999
13/02/2009 96056 1.029
25/02/2009 96514 1.019
03/03/2009 96985 1.029
09/03/2009 97301 1.029
11/03/2009 97571 1.029
16/03/2009 98041 1.029
02/04/2009 98485 1.049
10/04/2009 98874 1.049
16/04/2009 99346 1.069
29/04/2009 99681 1.089
11/05/2009 100122 1.109
25/05/2009 100626 1.149
05/06/2009 100976 1.129
08/06/2009 101411 1.149
12/06/2009 101851 1.179
10/07/2009 102361 1.189
07/08/2009 102790 1.179
26/08/2009 103151 1.199
13/09/2009 103623 1.189
11/10/2009 104067 1.139
25/10/2009 104492 1.169
14/11/2009 104949 1.189
07/02/2010 105331 1.239
26/02/2010 105708 1.269
20/03/2010 106112 1.299
03/04/2010 106529 1.309
23/04/2010 106929 1.339
15/05/2010 107351 1.349
03/06/2010 107767 1.329
16/06/2010 108098 1.329
01/07/2010 108534 1.339
22/07/2010 108983 1.309
09/08/2010 109451 1.319
03/09/2010 109877 1.319
21/09/2010 110290 1.319
29/09/2010 110696 1.319
14/10/2010 111099 1.319
02/11/2010 111492 1.309
24/11/2010 111901 1.319
04/02/2011 112161 1.449
04/03/2011 112564 1.479
19/03/2011 112933 1.499
05/04/2011 113372 1.499
27/04/2011 113801 1.519
11/05/2011 114205 1.539
29/05/2011 114585 1.529
10/06/2011 115028 1.499
27/06/2011 115443 1.499
05/07/2011 115841 1.479
15/07/2011 116266 1.499
20/07/2011 116630 1.632
20/07/2011 116740 1.519
21/07/2011 116878 1.459
21/07/2011 117170 1.509
08/08/2011 117628 1.539
28/08/2011 118096 1.499
21/09/2011 118507 1.529
12/10/2011 118986 1.489
29/10/2011 119376 1.499
11/11/2011 119739 1.499
29/11/2011 120158 1.489
30/01/2012 120338 1.569
16/02/2012 120778 1.579
04/03/2012 121201 1.619
19/03/2012 121621 1.639
04/04/2012 122060 1.669
19/04/2012 122479 1.689
06/05/2012 122904 1.689
22/05/2012 123321 1.669
10/06/2012 123776 1.629
29/06/2012 124231 1.589
18/07/2012 124674 1.619
03/08/2012 125034 1.639
31/08/2012 125482 1.699
17/09/2012 125910 1.699
09/10/2012 126325 1.679
24/10/2012 126748 1.679
10/11/2012 127160 1.579
05/12/2012 127516 1.589
06/02/2013 127644 1.579
23/02/2013 128018 1.619
19/03/2013 128441 1.619
10/04/2013 128840 1.639
25/04/2013 129274 1.579
15/05/2013 129713 1.579
02/06/2013 130141 1.579

hfallada

Well chinas economy is slowing and the US is producing the most oil in nearly 20 years and they are using less SUVs so demand is down.

But dont forget most of what you pay at the pumps is tax. Out of all my friends (I live in Dublin) only one drives. It too expensive for teenagers

CiniO

hfallada wrote: »

Well chinas economy is slowing and the US is producing the most oil in nearly 20 years and they are using less SUVs so demand is down.

But dont forget most of what you pay at the pumps is tax. Out of all my friends (I live in Dublin) only one drives. It too expensive for teenagers

But that's Dublin.
I barely know any person who wouldn't drive in my region.

_Kaiser_

CiniO wrote: »

But that's Dublin.
I barely know any person who wouldn't drive in my region.

Indeed, NOT driving is often not an option outside Dublin because of the shockingly poor public transport options (if they exist at all)

Even in Dublin, public transport is generally poor at best, unless you live along the DART/LUAS line.

pa990

http://www.google.ie/search?site=&source=hp&ei=An63UemdGoGohAfHpYDABQ&q=When+will+oil+drop+to+%2450&oq=When+will+oil+drop+to+%2450&gs_l=mobile-gws-hp.3...3892.22474.0.23497.16.12.1.3.3.0.645.2671.0j3j3j1j1j1.9.0...0.0...1c.1.16.mobile-gws-hp.vXPm6BFvbN8&rlz=1Y1XIUG_enIE532IE532

$50 oil was mentioned last year as well

Mandzhalas

CiniO wrote: »

If anyone is interested that's a quick copy and paste from my spreadsheet where I note everything in relation to my car.

This is just three columns copied (DATE - MILEAGE - FUEL PRICE)
So you can see what prices of petrol were for the last 5 years.

jaysus,what else do you note.that is just weird man

Max Power1

Mandzhalas wrote: »

jaysus,what else do you note.that is just weird man

Not weird, makes it easy to notice when something is up with the car (fuel consumption increasing eg)

I do something similar.