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

lawred2 · 22-05-2022 09:17AM

Up 10 cent in two overnight jumps this week around here.

193/194 now is the norm.

ofcork · 22-05-2022 12:12PM

192 diesel in my local garage yesterday was the same last few weeks.

callaway92 · 22-05-2022 12:13PM

206.9 unleaded in Top, Cahir Tipperary. Absolute chancers

macvin · 22-05-2022 02:20PM

https://www.boards.ie/discussion/comment/119096648#Comment_119096648

How are they chancers? - If you read my post from early last week it was forecasted. Very easy to forecast the prices as you can see refining margins and oil prices and exchange rates. Duties and taxes are fixed

Refining costs for petrol have jumped over $20 in the past 2 weeks and is at an all time historic high and the dollar strengthened by almost 5% in a month up to early last week. That's 12c + vat. (Diesel refining margins have dropped to just below petrol - it was $35 higher at one point)

A lot of places are over €2 and have bene for a few days. I saw it at Texaco in Ballinalack on Tuesday

Only person to blame is putin. Get rid f him and you'll have lower prices again

road_high · 22-05-2022 02:31PM

https://www.boards.ie/discussion/comment/119097114#Comment_119097114

Fuel prices were up

and up well before putins invasion. Plenty of blame to go around most especially the never ending green dogma that has halted investment in fossil fuel exploration and infrastructure . And ever spiralling “green” and carbon taxes. Again well in place pre February 2022.

22-05-2022 02:46PM

https://www.boards.ie/discussion/comment/119097175#Comment_119097175

When it comes to new exploration the simple fact is oil companies are not investing because it takes years to recoup the costs (rarely do they strike first time and have to do multiple expensive test holes) and with the ways things are going the market is going to start on a downward spiral in terms of demand.

This is one of the reasons why these companies are paying out massive dividends now. They don't need to keep the cash for exploration.

I posted a video that explains this a while ago.

This is not the only reason, of course, there are many, but it's one that is going to impact supply for years to come. Basically as volumes go down, price is going to keep climbing as there'll be little additional volume added.

BorneTobyWilde · 22-05-2022 03:18PM

https://www.youtube.com/watch?v=pKZgnXQCp98

It would be cool to build a decent size biogas digester, and to obtain enough gas from it to run a car. Would be a cool project, seems very very easy

BorneTobyWilde · 22-05-2022 03:23PM

https://www.youtube.com/watch?v=qZtdzpGsc5Y

I think a lot of people could produce their own fuel with a home scale bio digester

BorneTobyWilde · 22-05-2022 03:26PM

https://mygug.eu/what-is-mygug.php

This is cool,

josip · 22-05-2022 03:42PM

https://www.boards.ie/discussion/comment/119097537#Comment_119097537

And fairly well analysed already here https://www.boards.ie/discussion/comment/118624795/#Comment_118624795

macvin · 22-05-2022 04:16PM

https://www.boards.ie/discussion/comment/119097175#Comment_119097175

They were, but were up due to demand and it was gradual.

When the war started, oil jumped, then a week later refining margins for diesel went through the stratosphere from $11 to $52 per barrel in 6 days. Directly as a result of Putin's war. That $40+ added almost 30c to your litre of diesel

Seth Brundle · 22-05-2022 04:44PM

https://www.boards.ie/discussion/comment/119097175#Comment_119097175

Dogma?

macvin · 24-05-2022 10:23PM

Some better news.

Refining margins have dropped back towards $35 for both petrol and diesel, and the euro has strengthened by almost 3% from its low last week.

That will see a few cent come off prices next week.

Indestructable · 26-05-2022 05:13PM

It would appear China's plan to bring Shanghai out of lockdown has put a bit of pressure on crude prices today. Up to 117.30 a barrel. (I'm just guessing here, I don't know exactly what prompted the increase today)

That'll probably offset the good news from macvin above. We'll be lucky to keep the prices we have at the moment.

mikeecho · 26-05-2022 10:31PM

It's all getting very annoying now.

I've stockpiles in the event of shortages, which I bought at reasonable prices.

But when you're spending over 110 to fill a tank, it's soul destroying.

I filled two cars this week, . Just shy of €240 ( now I do get 8¢/l discount, so I can knock €10 off that)

I remember the days when it was impossible to not get change from a 50... A lot of change.

josip · 26-05-2022 10:40PM

https://www.boards.ie/discussion/comment/119119568#Comment_119119568

Make sure you use your stockpiles within 6 months before it starts to degrade

AMKC · 29-05-2022 12:17AM

Thankfully one advantage of oil price rises means that boy and girl racers are not doing the stupid whoosing noise on there cars or the give it coal bull that they used to do they rearly do it any more. Home oil and road oil prices should be totally separate from each other so if fuel goes up home oil should stay down its a necessity. There should be an incentive for people who can prove they use there car for getting to work or for work and if not tough sh-it then road fuel could stay higher. That would sort the sh-it out. If you only have a car for fun tough sh-it pay the higher price or hard luck.

I really think the Government should bring in something like this.

bazz26 · 29-05-2022 01:24AM

And the motors forum hits a new low. It's no wonder the place is a morgue now.

magicbastarder · 29-05-2022 10:07AM

https://www.boards.ie/discussion/comment/119119603#Comment_119119603

how long does petrol last if stored reasonably well? hardly a yardstick, but i had a 5l can (for a two stroke engine) which took four years to get through, worked fine all the way.

hayse · 29-05-2022 10:13AM

https://www.boards.ie/discussion/comment/119128855#Comment_119128855

You have Eamonn Ryan to blame for that bazzy boy.

29-05-2022 02:43PM

https://www.boards.ie/discussion/comment/119129331#Comment_119129331

I've seen politicians blamed for a lot of things but the decline in posts on a forum is a new one

magicbastarder · 29-05-2022 04:38PM

people stopped driving once eamon got his ministerial position, and lost interest in cars.

anyway, on topic, most petrol stations i drove past today (three or four) were at €2 a litre for standard unleaded (well, 199.9 but what's one two thousandth of a difference between friends); and one was at 196.8.

josip · 29-05-2022 05:02PM

https://www.boards.ie/discussion/comment/119129306#Comment_119129306

2 stroke isn't as fussy about bad fuel as 4 stroke as far as I know.

29-05-2022 07:06PM

A raft of issues are likely to impact oil prices globally over the next 2-3 months, pushing them higher. The many potential impacts are summarised here

https://oilprice.com/Energy/Energy-General/Oil-Prices-Are-Set-To-Surge-Even-Higher-This-Summer.html

mikeecho · 29-05-2022 09:43PM

https://www.boards.ie/discussion/comment/119119603#Comment_119119603

I added fuel preserver, so it's good for 2yrs

mikeecho · 31-05-2022 07:52AM

I spotted €2.06⁹ for petrol on my morning commute.

And that was in a station that is traditionally one of the cheaper ones.

01-06-2022 12:51PM

2.06 pretty much everywhere across the midlands today

mikeecho · 01-06-2022 01:07PM

Price if fuel slashed in Germany today.

https://www.iamexpat.de/expat-info/german-expat-news/germany-cuts-taxes-petrol-and-diesel-what-you-need-know.

petrol in Germany will be temporarily reduced by 29,55 cents per litre - or almost 35,2 cents per litre, including VAT. Taxes on diesel will be reduced by 14 cents per litre, or 16,7 cents with VAT.

mikeecho · 01-06-2022 01:42PM

Petrol 2.15⁹ today... And nowhere near a motorway.

Cutting the grass is getting expensive

01-06-2022 03:10PM

The discrepancies are getting ridiculous. Seen 196 to 212 in my Dublin Sligo journey today. Where I filled up at 196 (Applegreens), directly across the road the Texaco was 206. And yet there were people filling up there. Like a good few people. When the sign was clear that was 10c cheaper literally the other side of the street! I guess some people just don’t care that much

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

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