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Oil Prices Going Down

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    #32
    Tony EH
    Registered Users Posts: 18,981 ✭✭✭✭Tony EH


    2ndcoming wrote: »
    Can anyone explain to me why such a huge drop in the barrel price of oil is only marginally reflected at the pumps or the kerosene price?

    Your government.


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    #33
    swimming in a sea
    Registered Users Posts: 937 ✭✭✭swimming in a sea


    maybe some one can correct me if I'm wrong but I think since 2008 the tax on a litre of petrol\diesel increased by 15cent, so oil will have to drop a good bit more to get to fuel 2008 prices.


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    #34
    Magico Gonzalez
    Registered Users Posts: 2,328 ✭✭✭Magico Gonzalez


    Oil is bought and paid for long in advance of it arriving into your car, it's not like every time you squeeze the pump handle you're buying brent crude off the fcking commodities market. The petrol you're buying today was bought a considerable amount of time in the past at a different price.


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    #35
    NotCominBack
    Closed Accounts Posts: 456 ✭✭NotCominBack


    What's a fracker?


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    #36
    Magico Gonzalez
    Registered Users Posts: 2,328 ✭✭✭Magico Gonzalez


    NotCominBack wrote: »
    What's a fracker?

    a fcking cracker.


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    #37
    NotCominBack
    Closed Accounts Posts: 456 ✭✭NotCominBack


    swimming in a sea wrote: »
    maybe some one can correct me if I'm wrong but I think since 2008 the tax on a litre of petrol\diesel increased by 15cent, so oil will have to drop a good bit more to get to fuel 2008 prices.
    Very true, the rate oil prices increased in the last few years was exceptional, the drop is expected at a similar rate... Arabs squeezing Arabs, Arabs squeezing US, US squeezing Russia - codswallop


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    #38
    Podge_irl
    Moderators, Sports Moderators Posts: 25,609 Mod ✭✭✭✭Podge_irl


    Magico Gonzalez wrote: »
    Oil is bought and paid for long in advance of it arriving into your car, it's not like every time you squeeze the pump handle you're buying brent crude off the fcking commodities market. The petrol you're buying today was bought a considerable amount of time in the past at a different price.

    It depends on your definition of long in advance, but I certainly wouldn't call it that. The petrol/diesel you are pumping probably priced as Crude within the previous month.


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