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

On Tuesday I paid under €2/litre for the first time since getting a petrol car again in June. €1.979 paid (in the Netherlands). Now most places are just under the €2.

But in Germany it's 30c per litre less and in Belgium 20c less 😏

23 pesos in cancun for petrol, witch is about 1.15 euros

Petrol 1.83 in apple green booterstown

Bit of a drive though.

Diesel on the up, and home heating oil up 10¢.

If your local station has a good price, top up. It's not getting any better.

I am one of those people. It's been a while!

So after about an hour of internet, driving around, and a few phone calls here is the be all and end all.

There is now proper evidence that some individual garage owners are in fact price gouging for the past month. Hardly news, but the evidence is strongly there now.

I say this because for various reasons but in essence, in cork City, we have Maxol, Circle K, Top and Swift - all within 2c of each other

176.9 unleaded

180.9 diesel.

And these garages are scattered around the place, from the city, to the east and onto fermoy. There is no consistency

So as a level headed man would say - Circle K is one of the cheapest in Cork county, so it puts to bed any wholesale or company wide gouging.

It's the individual forecourts. Prices at this stage should be no MORE than 182 unleaded and 184 diesel. If it's above that, then yes - price gouging. ( take these numbers as that is the maximum a garage could charge while maintaining a sub 6c per litre profit when you factor in the various costs)

now I am off to eat my own hat, and to swallow a hard pill.

It's 179.9 on Campus east road for petrol at campus east wall road. Diesel is 179 at ballyfermot

It did hit lows of 173.9 but it looks like it's averaged back up again to 176.9

Diesel back up to 199.9 in the two closest garages to me. 195.9 a bit further out.

The "price gouging" argument comes up so often but the funny thing is that virtually every aspect of fuel pricing is transparent and can be checked.

Since the start of the war prices have be phenomenally volatile.

Oil price has probably been the least volatile of the movable prices.

The most volatile element is Refining.

On 11th August diesel Refining cost was $32 and exchange rate $1.037. 159 litres in a barrel.

The Refining element in a litre of diesel was 20c (+vat)

Yesterday, 13 days later the Refining cost hit $58. The dollar was 99c.

The Refining cost is 37c (+vat)

That's a difference caused by refining and dollar exchange in 13 days of 17c + vat.

The 4% dollar change also affects the oil price, so excluding oil price itself, exchange rate and refining is responsible for a 25c jump from last week to next week.

Noticed the price of diesel creeping up past petrol by 2-3 cent a litre during the week at a few places I passed in north Dublin.

Prices literally change day to day at present and some will use fuel to get people into the shops to buy coffee. Some will of course see opportunity to make an extra few quid. the beauty of giant price signs before you enter the forecourt allows you see easily who is best value. Some people think fuel differs between stations - that's simply not true.

A busy station will get at least 3 deliveries a week. That's 3 price changes.

But until people in the media understand the 3 variables - Oil, exchange rate & refining - you will get second rate reporting.

Here's today's rubbish from the indo https://www.independent.ie/irish-news/blackouts-fuel-rationing-and-a-return-of-2-a-litre-at-the-pumps-41940906.html

Diesel will go over €2 next week. Refining margins for diesel have jumped $28 in 14 days to $60! That's about 23c inc vat at the pumps. Petrol refining margins are still under $20

Petrol will NOT go over €2. Petrol will actually stay relatively steady

If the "journalist" did even some basic research (journalists used to do research) she would have been able to give a less scaremongering story. Buts it the indo

They said it was "exclusive"

Yep, no other media would run such misinformed rubbish. 😃

If you have a petrol car, prices will not change much.

Still good value here in North County Dublin, 1.84 for diesel and 183 for petrol last night at Applegreen Station in Swords.