How long until we see €2 a litre and will it push more to EV's faster?

liamog

Go EV with a battery that you might only occasionally have to queue up when charging, 39k approx. Anything smaller and you will need another car for long trips, unless you want to be spending a lot of time at chargers and waiting at chargers. Get the same car in petrol 22k approx.

I don't think there is any car on the market that has an equivalent from the same brand with that large a price gap. You need to look at the specs and performance, generally you'll find the price difference is in the 6-8k range. It's mad how many people forget that we've always paid more for cars with bigger engines and more equipment.

creedp

https://www.boards.ie/discussion/comment/118763875#Comment_118763875

While EVs have improved significantly since 2011, prices have also shot up. It seems like €50k is the new base for many EVs now and even then you could be waiting for months for a new car, for many cars if you ordered now it could be 2023 before you get one. For those who have managed to afford and actually take possession of one recently they should be glad many are still buying ice's or they would have been waiting a hell of a lot longerti to get their hands on one. The real issue here is that manufacturers only want to supply high end EVs as these are more profitable. This has been abetted by the Govt subsidising EVs costing up to €60k. If seriously interested in incentivising the masses to get into EVs, incentives should be focussed on lower priced cars, which might encourage manufacturers to supply more affordable models or at least offer lower priced base models without all the bells and whistles which arent needed anyway. This is what the UK Govt did recently but not sure if it has had any meaningful impact on the supply/sales of lower priced cars or indeed if it has subdued the sale of more luxury EVs such as the Tesla Model Y. I understand there was a ship load of them landed recently in Southampton and it was like Christmas in a toy shop with the frenzy of people trying to get their hands on the latest new toy. Great for them and well wear!!

Not that I'm against EVs. I have a 2016 Leaf which is great for local journey's but unless I can stump up silly money for a Tesla Model X 7 I still need to hold onto my 7 seater diesel. At this stage you almost feel like a societal pariah to be driving a diesel. Amazing how times change .. 2008 isnt that long ago when the Greens were lauding the low carbon diesels.

bear1

TDs calling for the excise to be cut even further and machinery contractors are threatening to strike. Seems the prize gouging hasn't gone unnoticed.

Realistically speaking, what options does the government have left that won't cripple everyone come October? Remove the excise completely until the end of August?

A few options I see are the lowering of motor tax rates for those on the old system maybe? If only the motor tax was included in the fuel then at the very least you could sort of accept the price at the pump.

Cap the price of fuel.

Totally remove the excise or reduce the Vat.

https://www.boards.ie/discussion/comment/118764142#Comment_118764142

Baring something coming out of the EU, there's very little else they can do.

To lock the price or remove more excise etc would just result in the tax take being significantly reduced which in turn would lead to cuts in the provision of services

Subzero3

Local petrol station said the vat reduction will be applied when they get the next delivery. Couldn't specify when.

Are they getting the reduction strait away?

sonofenoch

Circle K must have pulled a fast one by adding 20c just before midnight .....their prices are still more than it was about 2 days ago at 1.97 😑

Applegreen around 1.85....still shite mind

flexcon

https://www.boards.ie/discussion/comment/118764142#Comment_118764142

https://www.boards.ie/discussion/comment/118764212#Comment_118764212

https://www.irishtimes.com/news/politics/petrol-stations-free-to-individually-raise-prices-says-consumer-watchdog-1.4823415

Excise is payable at the point at which they leave the terminal and it’s paid in advance a lot of the time. So the fuels stored in the forecourts, and being used today, had already paid the higher rate of excise - Kevin McPartlan, chief executive of industry body Fuels for Ireland

As many of us having been trying to cool heads to explain - It was a fallacy to expect an immediate drop at midnight. There is no evidence of price gauging .

If you are a garage who just filled up 30,000 litres of fuel at the higher rates at $130 a barrel and the garage across the road filled up this morning at 6.30am at the market rate of $121 and less the 20c reduction then you literally could be 40c a litre cheaper and there is no problem with that.

this is where the hedging comes in. You at €2.15 will struggle now to sell legit more expensive fuel than your neighbour who is now selling at €1.85 and you BOTH are making the same profit from each.

At €2.15 you have to make a loss and bring that closer to €1.90 until you can fill up your tank again at the same rate or even less than you neighbour.

None. It's just the market, timing, and coincidence.

Many garages are now down at mid €1,80 for unleaded at €1.90 for diesel. not everything is a conspiracy to hurt us

Given the cost of a barrel has dropped from 130 to 110 due to the UAE ramping up outputs, you'd have to wonder why the price hasn't started dropping at the pumps yet

flexcon

https://www.boards.ie/discussion/comment/118764264#Comment_118764264

It has. Some forecourts are selling at €1.84 for unleaded. That would be €2,04 before tax reduction, when it was near €2,11. So it is dropping.

But if you still have half tanks full of fuel bought at $130 and pre Tax cute, that's difficult to impossible to compete

crisco10

https://www.boards.ie/discussion/comment/118763810#Comment_118763810

But why do you insist on comparing the lowest spec ICE to highest spec EV for the Kona? It's totally apples and oranges.

If you flipped the logic and compared to lowest spec EV to highest spec ICE, and the EV would be 1.5k cheaper.

You need to compare similar spec as well as powertrain. But anyway.

harr

It’s a said state of affairs when you have some members of government telling people to report garages who didn’t drop price at midnight. Surely they should know that most garages would have paid the higher rate on current stock of fuel and price drop will only happen on next delivery of fuel and the reduction wasn’t going to be at 12 midnight for a lot of places.

Not only members of government but some so called motoring journalists calling for name and shame campaign on forecourts who didn’t drop the price on stroke of midnight.

Allinall

https://www.boards.ie/discussion/comment/118764474#Comment_118764474

Is the excise not on fuel sold?

How come when it goes up in the budget the increase is immediate?

mikeecho

https://www.boards.ie/discussion/comment/118764142#Comment_118764142

Image you run a coffee stand, and the government say that a cup of coffee is capped at 50¢ , what would you do.

Operate at a loss, or just stop selling?

A completely rediculas proposal.

Tax cuts. Yes.

flexcon

No the excise duty is paid up front.

the increase isn’t immediate. It’s a fake show. It only increases when the garage buys next.

Some shops may increase prices immediately but it’s not related to increase in tax

HBC08

https://www.boards.ie/discussion/comment/118764474#Comment_118764474

Sinn Feins Rose Conway Walsh was on the Tonight show last night calling for excise on home heating oil to be cut.....there is no excise on home heating oil.

When politicians are generally teachers,estates agents and eejits this is what you get.

https://www.boards.ie/discussion/comment/118764591#Comment_118764591

The equivalent of the eejit down in the pub calling for VAT reductions and the Apple €13bn when they haven't a clue of what they are talking about. Pure populism from Sinn Fein.

kirk.

Has anyone suggested public transport

This is where the Greens take centre stage

cagefactor

https://www.boards.ie/discussion/comment/118764691#Comment_118764691

Well..... Ticket price from Newbridge to Heuston + Luas is 25Euro return. Still cheaper to drive regardless of price increases. When you have such expensive public transports, poor route servicing (+ reliability factor) it doesnt really enter most peoples minds.

bear1

https://www.boards.ie/discussion/comment/118764552#Comment_118764552

Except the government are in control of 60% of that price and other countries have done it. Hardly ridiculous.

bear1

https://www.boards.ie/discussion/comment/118764691#Comment_118764691

Doesn't help those not in Dublin though

jimdemp

some filling stations out west have ran out of petrol , things are getting worse then i expected.

https://www.boards.ie/discussion/comment/118764738#Comment_118764738

51.5% pre the cut in excise. 43.4% after.

Based on a price of €2/litre.

tom1ie

https://www.boards.ie/discussion/2058231385/how-long-until-we-see-2-a-litre-and-will-it-push-more-to-evs-faster

It won’t push people that have paid for ICE cars into the EV market as they won’t want the debt associated with buying a new EV.

€35-40k of debt with €800 pm payments to service that loan? No thanks!

flexcon

im very close to one of the main operators from Dublin port… it’s full. What garages have you seen running out?

flexcon

https://www.boards.ie/discussion/comment/118764752#Comment_118764752

im very close to one of the main operators from Dublin port… it’s full. What garages have you seen running out?

Atlantic Dawn

Saw 1.85 petrol today, pleasantly surprised.

jimdemp

https://www.boards.ie/discussion/comment/118764833#Comment_118764833

Strokestown is the biggest town i heard of other then small villages

waterwelly

https://www.boards.ie/discussion/comment/118764264#Comment_118764264

Just gave €1.81 for diesel.

Hopefully that shuts up the "why does it never come down so fast" brigade.

People need to relax and give companies a few days to stabilise instead of screaming gouges all day.

waterwelly

https://www.boards.ie/discussion/comment/118764752#Comment_118764752

The garage I was in was fierce busy. Everybody filling tanks having waited a few days.

Same as bread and toilet paper. The same panic brigade out a again probably.

macvin

https://www.boards.ie/discussion/comment/118764231#Comment_118764231

Fuel is the same wherever you buy it from. Comes from the same refineries in bulk lots and shared out into the storage tanks at ports. Zero and I really mean zero difference.

Btw prices in Germany and France are at record levels having jumped 20c+ in the past few days

Here's real-time pricing for some EU countries

https://www.fuelflash.eu/en/?land=de&suchfeld=Bonn&entfernung=6&sorte=diesel

My local station in Portadown is still £1.869 tonight. That's about €2.32!!!