Heating oil big drop

850 litres for 1053 is cheapest I can get in Nth Tipp = 1.24 cpl - Emo oil.

Ya there's a few cheaper alright, but none that deliver to here we are (Connemara). Thanks though! I went with the 630 in the end.

I was torn between Curran Oil and Q Fuel as both had the same price when I was ordering. The reviews for Q Fuel were not the best so opted for Curran Oil. Just checking there again and Q Fuel have increased their price for 500 litres by €19 in the past 20 minutes.

Curran up €20 now as well.

Because they know people will still pay it anyway.

99c per litre in Culloville yesterday. Asked if they had any coal, they said very little and probably wont be getting more in due to spiralling cost of same.

Pulled the plug today myself. Filled to the brim 785L for €973

Prices will not drop.

So-called "experts" on radio suggesting prices will drop have no clue to what they are talking about. Even the AA can't understand the 3 basic elements of fuel price - and there are just 3 variables, all of which can be checked online in seconds and worked out.

Oil price - Brent Crude

Dollar v Euro exchange rate

Refining margins.

Diesel / Kero refining margins are at $55 today. They were $32 just 11 days ago.

The dollar is at 99c/€1 today - it was over $1.03 11 days ago

Oil is $101 today, it was $98 11 days ago.

159 litres in a barrel

so 11 days ago the price of kero/diesel from a refinery was 79c (€) a litre

Today it is 99c

For kero, add 10c carbon, 2c NORA, 12c distribution and then 13.5% vat - your 1000 litres will be €1400 very soon

For diesel, add 41c duty/carbon, 2c NORA, 15-20c retail & distribution, approx. 6-8c cost to blend biofuel (does not apply to kero) and 23% vat and you are at €2.10 - and that will be at the pumps next week

For those "experts" from the AA and other media, it really is THAT simple to calculate the price. I'm as far away from being an expert and can do it. Why can't they do it. - Maybe it doesn't suit whatever agenda they have

The AA in particular have completely incorrect duty figures in their calculations despite it being a simple click https://www.revenue.ie/en/companies-and-charities/excise-and-licences/excise-duty-rates/mineral-oil-tax.aspx and they completely ignore the refining cost - yet get hours of air time spouting incorrect information

https://www.neste.com/investors/market-data/oil-product-margins#9657cf62

They are refiners, but the data is from Thompson Reuters.

Bit the bullet myself today... thanks to this thread and other web resources, like Cheapest Oil DOT ie.

Got 500L for 630 with Amber Oil. Should just about fill the tank. They deliver to a few spots in Limerick, of which I'm one, luckily.

Also grabbed a couple of 34KG tanks of propane, some coal, eco logs and a shed load of clean, dry pallets from work... so I'm well on the way to being prepared for this winter. A sure sign you're getting old, when you're stocking up on the essentials... Cheers again to everyone in the thread.

Additionally if there's power outages this winter as a result of reduced gas to our power plants you could have 20k litres of heating oil and it's useless without the electricity to run the boiler and pump.

Have a read from post #49 onwards on this thread for a rough idea. https://www.boards.ie/discussion/2058207751/average-electric-bill/p2 I seen somewhere else on a thread where someone calculated the whole maths end of it but can't find it.

I doubt now a few Paddies buying oil is driving prices up.