FYI - Fuel prices are going up

Bandara · 02-02-2015 11:34pm #1

In case its of interest;

Unleaded is going up by close to 3c a litre wholesale Tuesday night and Derv by approx 1.5c a litre.

So if your filling up in next few days I'd suggest you do it Tue or Wed.

Dont shoot the messenger etc etc

The Backwards Man · 02-02-2015 11:39pm

Bandara wrote: »

In case its of interest;

Unleaded is going up by close to 3c a litre wholesale Tuesday night and Derv by approx 1.5c a litre.

So if your filling up in next few days I'd suggest you do it Tue or Wed.

Dont shoot the messenger etc etc

Are you my diesel supplier, He's famous for these type of nudge nudge wink wink stories too. His headstone will read 'this is a price just for you, tell nobody else'

fergus1001 · 02-02-2015 11:41pm

Bandara wrote: »

In case its of interest;

Unleaded is going up by close to 3c a litre wholesale Tuesday night and Derv by approx 1.5c a litre.

So if your filling up in next few days I'd suggest you do it Tue or Wed.

Dont shoot the messenger etc etc

source other than the mad fecker down the pub who fights people with a wooden spoon please

Flood · 02-02-2015 11:44pm

With the euro devaluing its inevitable.

Bandara · 02-02-2015 11:45pm

fergus1001 wrote: »

source other than the mad fecker down the pub who fights people with a wooden spoon please

Source are the pro forma invoices I have on my desk for the deliveries I have coming Tuesday and Wednesday this week.

Oh, and the Platts index from today.

The Backwards Man · 02-02-2015 11:48pm

The filling stations will probably absorb it seeing they've been doing so well the last few weeks.

Roger Mellie Man on the Telly · 02-02-2015 11:55pm

Will this apply to heating oil as well?

yuloni · 02-02-2015 11:58pm

This post has been deleted.

Bandara · 02-02-2015 11:58pm

The Backwards Man wrote: »

The filling stations will probably absorb it seeing they've been doing so well the last few weeks.

ah sur will ye gerraway outta that, its hand teh mouth i tell ye

:P

Atlantic Dawn · 03-02-2015 1:28am

Why fuel is priced by the dollar is beyond me.

wonski · 03-02-2015 1:45am

It is not like I expected it to drop any further tbh. It was only a matter of time.

Filled up at 1.24 but can't store any more than 50-60 litres anyway.
Let's see what happens next.

wonski · 03-02-2015 1:47am

Atlantic Dawn wrote: »

Why fuel is priced by the dollar is beyond me.

Where do you live

I always pay in €, I doubt they would accept anything else:D

markpb · 03-02-2015 8:21am

wonski wrote: »

It is not like I expected it to drop any further tbh. It was only a matter of time.

Filled up at 1.24 but can't store any more than 50-60 litres anyway.
Let's see what happens next.

I filled my tank at €1.13 in Ballsbridge last night. I squeezed every last drop into it and thought about filling some cups and saucers and anything else I could lay my hands on :-)

markpb · 03-02-2015 8:22am

wonski wrote: »

It is not like I expected it to drop any further tbh. It was only a matter of time.

Filled up at 1.24 but can't store any more than 50-60 litres anyway.
Let's see what happens next.

I filled my tank at €1.13 in Ballsbridge last night. I squeezed every last drop into it and thought about filling some cups and saucers and anything else I could lay my hands on :-)

ironclaw · 03-02-2015 8:40am

Always amazes me when people freak out over 3c or so of a jump. Over a week for me, that's €1 to €2. You'd lose more down the back of the seats!

pcardin · 03-02-2015 10:51am

markpb wrote: »

I filled my tank at €1.13 in Ballsbridge last night. I squeezed every last drop into it and thought about filling some cups and saucers and anything else I could lay my hands on :-)

Ok ok, we got it! No need to repeat.

Kristopherus · 03-02-2015 12:11pm

Well I got an email from DCI this morning advising me that diesel will increase by up to 4c inc vat per litre from midnight tonight.

fricatus · 03-02-2015 12:24pm

Flood wrote: »

With the euro devaluing its inevitable.

Yes, this is most likely the reason

Atlantic Dawn wrote: »

Why fuel is priced by the dollar is beyond me.

Oil on the international markets is bought and sold in dollars because that's the no. 1 international currency.

wonski wrote: »

Where do you live

I always pay in €, I doubt they would accept anything else:D

Yes... of course diesel and petrol is priced in euros by the time it gets to us.

What caused the price of petrol and diesel to fall over the past few months was the price in dollars of a barrel of crude oil falling so heavily.

However due to deflation in Europe, the ECB has begun QE, basically printing money, with the intention (and effect) of driving down the euro against other currencies. This makes our exports to outside the eurozone more competitive, but on the flipside makes imported goods (e.g. oil, priced in dollars) more expensive. This is why petrol and diesel will likely move up somewhat in price now.