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Petrol Prices - Are we being ripped off

  • 08-09-2005 3:31pm
    #1
    Brendan552004
    Registered Users, Registered Users 2 Posts: 168 ✭✭


    Oil is bought 6 months ahead, why are we paying inflated prices at the pumps for petrol/diesel that has already been bought at a much lower price. The recent hike in crude oil prices should not hit the pumps for 3/6 months.

    As a group I think we should keep ourselves informed of the price differentials in our areas, in other words save ourselves money.

    There is a very good website that we can all update with the prices being charged in our areas. Next time you are out, check the prices being charged in your local stations. If your local station is not listed, you can add in new stations.

    http://www.petrolgauge.com/ie/

    Stations that do not yet have the price listed: change the county at the end of the URL for your county

    http://www.petrolgauge.com/ie/price...p?county=Dublin

    If your local station is not listed:

    http://www.petrolgauge.com/ie/prices/new.asp


Comments

  • #2
    Wertz
    Closed Accounts Posts: 11,909 ✭✭✭✭Wertz


    Crude oil may be bought/sold months in advance but refined petrol and diesel is much more recent since it goes almost straight from the refinery to distribution stations to the tank underneath the local filling station....when supplies are short companies buy up more and the price its forced upward.
    The sudden demand for refined petrol across the atlantic means that prices are being forced up even more....so we feel the bite of the jump in crude long before we should, even though it's not really anything to do with the price per barrel (that'll filter down eventually too)

    Saw some huge differences in price on a 20 mile strecth of road yesterday...as much as 13 cent per litre...


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