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

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Comments

  • Registered Users, Registered Users 2 Posts: 11,717 ✭✭✭✭User1998


    For someone driving 20,000km per year and averaging 7L/100km, a 30 cent fuel increase is only an extra €8 per week.



  • Registered Users, Registered Users 2 Posts: 13,264 ✭✭✭✭tom1ie


    paid €1.73 a litre this morning in Dundalk in a top garage.
    The applegreen right next to it was €2.09 a litre.
    Different delivery days and reserves I suppose.



  • Registered Users, Registered Users 2 Posts: 131 ✭✭Perfidious Cretin


    I've done 21,000km in the work van since the end of November lol...



  • Registered Users, Registered Users 2, Paid Member Posts: 361 ✭✭GusherING


    One garage I went to sold diesel for 1.83 on Sunday. 24hrs later it was at 1.99.



  • Registered Users, Registered Users 2 Posts: 815 ✭✭✭chrisd2019


    Depends on how long it lasts for you, now that Mr Taco is back in charge, your next fill might be under that last purchase price.



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  • Registered Users, Subscribers, Registered Users 2 Posts: 13,717 ✭✭✭✭antodeco


    So possibly strait will be open tomorrow. Assuming it is, I expect prices to drop within 24-48 hours or will it be a long contracted reduction over 6 weeks back "down" to €1.70



  • Registered Users, Registered Users 2 Posts: 75,476 ✭✭✭✭L1011


    6 weeks. Some reasons are very legit - lots of more expensive product has already been bought by wholesalers/retailers.

    Some places will have to eat losses on current product to shift it cause they'll get undercut by other places with less stock. But they probably made a packet already.



  • Registered Users, Registered Users 2 Posts: 266 ✭✭rayman10


    Oil is still hovering about the $90 mark so we will need to see what happens.

    I suppose taco will send his carriers to Greenland now at least there's not a lot of oil there.



  • Registered Users, Subscribers, Registered Users 2 Posts: 13,717 ✭✭✭✭antodeco


    Of course but in this case, the opposite happened (and the arguement was prices went up, as suppliers bought it at more cost). Surely the opposite is true? If the price dropped then the next batch is bought cheaper?



  • Registered Users, Registered Users 2 Posts: 1,151 ✭✭✭323


    Going to be a bit more than turbo lag, gonna be more like hitting a brick wall when the reality strikes that most of the offshore wind the state is betting the house on is not technically feasible, it's all fantasy, fairy tarts and pixie dust.

    “Follow the trend lines, not the headlines,”



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  • Registered Users, Registered Users 2 Posts: 266 ✭✭rayman10


    There should at least be a few test turbines in the Atlantic the last 5 years to see how they actually fare.

    The government are mad for licencing off sectors with fancy names along with slideshows of how it's all going to work and create jobs in coastal areas.

    But not a single asset has been proven yet.



  • Registered Users, Registered Users 2 Posts: 266 ✭✭rayman10


    I don't think the forecourt price has gone up since the weekend. The spike towards $120 was brief and we never saw it reflected at the pumps.

    Not all of the increase has been priced in yet either.

    If oil stays around $90 that's probably still putting us around €2/litre I'd say.



  • Registered Users, Registered Users 2 Posts: 1,151 ✭✭✭323


    Yep. What was to have been the first on the west coast was a cockup, Sceirde Rocks, the most basic of desktop studies, with freely available public domain data and just a bit of cop on would have shown it was a dead end, not remotely feasible.

    The state and lots of civil servants played blind/deaf to common sense. Many civil servant's rode that gravy train for years until the plug was pulled last year.

    “Follow the trend lines, not the headlines,”



  • Registered Users, Registered Users 2, Paid Member Posts: 15,602 ✭✭✭✭josip


    East and South East coast bottom fixed up to 50-60m are very feasible and straightforward. They will be sufficient to meet our 2030 commitments. The only problem is that they will arrive 5 years too late.

    West coast floating still looks overly optimistic with many obstacles to overcome. If nuclear fusion gets proven before floating wind, then floating wind will never happen.



  • Registered Users, Registered Users 2 Posts: 1,151 ✭✭✭323


    East coast offshore wind, yes.

    Current South coast planned fixed bottom like Tonn Nua, water depth 48–69 m is anything but straightforward. It exceeds the deepest built to date, Seagreen, some of it is beyond industry accepted maximum depth, by developers with little experience in offshore construction, let alone in the Atlantic, Winter significant wave height: 6–10 m, Atlantic Swell, working weather windows will be short and limited to summer months. Horrible geology for piling jackets or trenching cable too.

    If can be done will be years overdue and the cost will be astronomical.

    Sure ESB couldn't even get their preliminary surveys done for their North coast floating windfarm.

    Attitude seems to be, just keep thinking happy thoughts. Sure what could go wrong?

    “Follow the trend lines, not the headlines,”



  • Registered Users, Registered Users 2 Posts: 2,920 ✭✭✭WishUWereHere


    Passed McLoughlins this evening. The top 2 are now €2.099. Petrol is still €1.999



  • Registered Users, Registered Users 2 Posts: 6,817 ✭✭✭touts


    The station owners were putting up the prices every few minutes over the weekend as oil headed to $120.

    Has anyone seen any price changes today now that the price per barrel has fallen back below $90?



  • Registered Users, Registered Users 2 Posts: 330 ✭✭Birka


    McLoughlins in Newbridge have pushed their diesel price up from €1.999 per litre to €2.099 per litre as of this evening. HVO has also risen to €2.099 per litre



  • Registered Users, Registered Users 2 Posts: 9,862 ✭✭✭Tenzor07


    Not a hope!! Prices rise like rockets and fall like feathers… will take a lot longer to see any reductions in pump prices.



  • Registered Users, Registered Users 2 Posts: 15,031 ✭✭✭✭Red Silurian


    The last 3 days a filling station I pass on the way to work had diesel at 1.99. So it hasn't gone down but it hasn't increased in that time either

    With the way the oil industry is this can be considered a win for the consumer



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  • Registered Users, Registered Users 2 Posts: 4,625 ✭✭✭harr


    Huge release of oil reserves announced today from 32 countries. Should help stabilise the market for a while and ease the shortage.



  • Registered Users, Registered Users 2 Posts: 436 ✭✭GPoint


    Seen a few comments in this thread suggesting that people would go and sell their ice cars and buy evs. If planned before then fair enough but going to buy an expensive ev to save on diesel is crazy. Lose on selling current car, then lose on finance, then lose on expected savings because electricity rates will catch up no doubt.
    Most concern should be food, services and everything else that will go up again and your buying power will be reduced.



  • Registered Users, Registered Users 2 Posts: 9,862 ✭✭✭Tenzor07


    Enough to supply global demand for four days, sorted.



  • Registered Users, Registered Users 2 Posts: 9,862 ✭✭✭Tenzor07


    Pick up a used Tesla for under 20 grand, stick €10 electricity into it and you can drive from Dublin to Barack Obama Plaza and back..



  • Registered Users, Registered Users 2, Paid Member Posts: 15,602 ✭✭✭✭josip


    Call me crazy so 🙂. 3 years ago my driving circumstances changed from 20,000km pa to 35,000 km pa. It was also around the time of €2 a litre diesel. Couldn't handle handing over hundreds at the pumps and nothing to show for it weeks later. So I went and bought an 'expensive EV' with the reasoning that on just the fuel savings it would make sense long term. So far so good, €6k in fuel costs saved. At some stage you'd have to sell your current car anyway, so you're just bringing forward some costs, not incurring new ones.



  • Registered Users, Registered Users 2, Paid Member Posts: 10,642 ✭✭✭✭893bet


    it’s hard to picture oil use per day……the reliance is staggering.

    globally the world uses 6300 swimming pools of oil per day….


    IMG_2046.png


  • Registered Users, Registered Users 2 Posts: 436 ✭✭GPoint


    With progress comes higher energy consumption



  • Registered Users, Registered Users 2 Posts: 1,424 ✭✭✭MightyMunster


    Evs are cheaper than diesel, so you could sell your diesel and buy an EV, have some money left over for a holiday and then save thousands in fuel and maintenance costs, win, win ,win



  • Registered Users, Registered Users 2, Paid Member Posts: 7,493 ✭✭✭zg3409


    EVs can work out about 20% of the cost of petrol, so for those with large commutes you are looking at equivalent of 0.40 euro per liter to fill your EV.

    Depreciation is typically biggest cost of vehicle ownership, Try to sell old car high and buy low used EV with a good reputation for reliability. You need cheap overnight home charging and fairly long commute to make the numbers work, I saved around 4,000 euro per year on a long commute, and even if electricity prices double it still works out cheaper. Home solar can offset electricity bill too.



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  • Registered Users, Registered Users 2 Posts: 62 ✭✭sruthair


    they may be cheaper but depreciate faster as technology changes, if you keep the car for longer then it matters less.

    if changing brands, some dealers only offer trade prices when trading in, so more expensive to change brands. ( unless you sell privately) if I traded in my 2025 diesel I would loose very little on it if anything, based on current selling prices, and recent price increases.



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