Why aren't petrol prices falling???

08-08-2008 11:27PM #1

As oil prices are falling at a fast rate(now below $116/barrel), why do we not see this drop at the pumps??

When it was going the other way the garages were'nt long hiking the prices!

Is anyone else p****d off with this??

Sir Digby Chicken Caesar · 08-08-2008 11:30PM

because all the petrol they have in their tanks now, they bought at the expensive price so if they were to sell it at todays price they would lose a hell of a lot of money.

DarkJager · 08-08-2008 11:31PM

I don'r know bout you but I'm seeing them drop. Here in Limerick, most stations have dropped from around €1.36 to €1.26 over the last 2 weeks. Thats a 10 cent drop.

Jesus Wept · 08-08-2008 11:34PM

DarkJager wrote: »

most stations have dropped from around €1.36 to €1.26 over the last 2 weeks. Thats a 10 cent drop.

Honours Maths?

08-08-2008 11:35PM

DarkJager wrote: »

I don'r know bout you but I'm seeing them drop. Here in Limerick, most stations have dropped from around €1.36 to €1.26 over the last 2 weeks. Thats a 10 cent drop.

In galway myself and its been hovering at 1.29 for a while. Surely if it drops to $100 or so we will have too see a difference. Makes a difference when going on regular long journeys

08-08-2008 11:36PM

The-Rigger wrote: »

Honours Maths?

pyure · 08-08-2008 11:37PM

it takes time for a change in the cost per barrel of oil to filter through to the price you pay at the pump.
i'd imagine that it works the other way around, price of oil is on the increase for a while before you notice it in terms of pence per litre.

Big_Mac · 08-08-2008 11:38PM

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

BrokenArrows · 08-08-2008 11:40PM

its dropping. just not very fast. it will take a while for the cost to filter down to the station.

as said already the stations still have to sell their expensive oil first.

Terry · 08-08-2008 11:47PM

Big_Mac wrote: »

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

08-08-2008 11:58PM

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

big car = small penis and /or unfortunate looks

Terry · 09-08-2008 12:00AM

rarnes1 wrote: »

big car = small penis and /or unfortunate looks

I fall into both catergories, but still fail to see why people need to but a big car.

It's just bafflingly stupid.

Zaph · 09-08-2008 12:03AM

I noticed that it's down to 125.9c in the garage beside me this evening. It's dropped a cent or two every couple of days for the last two weeks.

Sir Digby Chicken Caesar · 09-08-2008 12:03AM

why buy big tv's? you can see fine on a 20 inch. why buy Hd? you can make stuff out clearly enough on a regular. Why buy dvd's? vhs wasn't all that bad. Why get vaccinated, smallpox doesn't sound that bad?

suckslikeafox · 09-08-2008 12:03AM

Terry wrote: »

I fall into both catergories, but still fail to see why people need to but a big car.

It's just bafflingly stupid.

Why do people need designer clothes, €150 shoes, massive houses?

Its just a feature of life today

snickerpuss · 09-08-2008 12:08AM

Yep all the petrol places round my way have gone down to at least 1.26 / L.

I love my little 1L that I put €25 into every fortnight!

Publin · 09-08-2008 02:34AM

Houses and car I can understand, you have the comfort of living in a nice area, big home, plenty of space, same idea with the car. Although I guess a lot of it is to do with image/reputation too e.g. what postcode you live in or make of car/model you ride

Don't really get the whole rip-off designer clothes/shoes thing though, couldn't justify spending €150 on a pair of shoes for example. Each to their own, again it's image.

Sam Vimes · 09-08-2008 10:20AM

|-*SxyDubGrrl93*-| wrote: »

why buy big tv's? you can see fine on a 20 inch. why buy Hd? you can make stuff out clearly enough on a regular. Why buy dvd's? vhs wasn't all that bad. Why get vaccinated, smallpox doesn't sound that bad?

not really the same thing. You can't use a big car properly so it's like getting a 70 inch tv and putting cardboard over the screen so only 20 inches are visible

zero19 · 09-08-2008 10:40AM

Personally i'd rather be in a 2litre than a 1litre when i'm overtaking traffic...Also i'd go mad with the sluggish acceleration of a 1litre

Macha · 09-08-2008 10:45AM

Big_Mac wrote: »

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

Not the best idea. Diesel is only more expensive at the moment because many governments (including ours) have started to promote diesel, as opposed to petrol vehicles. The market wasn't ready for it & there is a shortage of diesel, hence the higher prices.But diesel costs less to make than petrol (needs less processing) so its just a matter of the producers catching up with demand.

Plus there is a strong possibility that what you save would be used up by your bigger engine-as you pointed out yourself..although that would depend on the horsepower.

SimpleSam06 · 09-08-2008 10:47AM

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.

Because a three litre jag makes a certain class of attractive young woman want to bounce your bones? I'm not saying its a great reason, but all other things being equal...

_Kaiser_ · 09-08-2008 10:48AM

I drive what would be considered to be a 'big car' - a 06 2.0L TDI VW Passat - because I like it, it's very comfortable and it gives great mileage and performance, all of which is important as my job requires that I spend a lot of my time on the - mostly N/M - roads. Sure I could do the same job in a 1L Micra but why should I? I earn enough to be able to afford it and my car is effectively my office so I might as well be comfortable while I work. Sounds like typical Irish begrudgery to me from some posters here?

_Kaiser_ · 09-08-2008 10:55AM

I drive what would be considered to be a 'big car' - a 06 2.0L TDI VW Passat - because I like it, it's very comfortable and it gives great mileage and performance, all of which is important as my job requires that I spend a lot of my time on the - mostly N/M - roads. Sure I could do the same job in a 1L Micra but why should I? I earn enough to be able to afford it and my car is effectively my office so I might as well be comfortable while I work. Sounds like typical Irish begrudgery to me from some posters here?

mike65 · 09-08-2008 11:06AM

Big_Mac wrote: »

Changing my car cos of this. Petrol is waaay cheaper than diesel now. Chaning to a 2L Petrol from a 1.9 TDI. Not as efficient, but cheaper to fill my tank. There's about 10 cent difference in the price of each and although the price of petrol is falling, diesel aint. Plus I know way more about a petrol combustion engine than i would a Turbo Diesel

I hope you have factored in the "change of car" costs. Anyway the sums still don't add up - diesel engine 20-25% more efficent overall, diesel fuel 6% more expensive to buy. Swapping to petrol now makes no sense.

Mike

Tigger · 09-08-2008 11:08AM

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

i have a 2.2 diesel but i'm buying a 3 litre petrol (only live once)
its really not penis related its about excelleration for overtaking and pulling through corners still never gonna match a bike tho bikes are propperly fast

dosent really cost that much more to run a big car

09-08-2008 11:15AM

my two litre diesel gets more fuel economy than a tiny sluggish one litre petrol
i cant understand why people drive 1 litres

EDIT: unless its a motorbike

RobbieMc · 09-08-2008 11:16AM

Terry wrote: »

I fall into both catergories, but still fail to see why people need to but a big car.

It's just bafflingly stupid.

Did you ever see a 1litre Micra towing a horse box

I didn't think so....

Long live my 2.5 litre Turbo diesel 7 seater automatic Passion wagon.... :rolleyes:

Tar.Aldarion · 09-08-2008 11:19AM

RobbieMc wrote: »

Did you ever see a 1litre Micra towing a horse box

That sure is a problem for most people!
Thank the heavens for my veyron.

Big_Mac · 09-08-2008 01:42PM

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

Bigger cars are more comfortable, safer and have more power for overtaking, and moving away at junctions quickly (if you need to)

taconnol wrote: »

Not the best idea. Diesel is only more expensive at the moment because many governments (including ours) have started to promote diesel, as opposed to petrol vehicles. The market wasn't ready for it & there is a shortage of diesel, hence the higher prices.But diesel costs less to make than petrol (needs less processing) so its just a matter of the producers catching up with demand.

Plus there is a strong possibility that what you save would be used up by your bigger engine-as you pointed out yourself..although that would depend on the horsepower.

140BHP, and NO I'm not a silly little boy racer. Didn't I read somewhere that diesel is more expensive because it costs more to refine than petrol? hence the difference in price?

animaal · 09-08-2008 02:04PM

Terry wrote: »

I will never understand why someone would need a car with an engine above 1 litre.
It's not like you can safely break the speed limit without getting penalty points.

Also, why buy that big car when it just costs more to run, unless you have a small penis and are trying to compensate (not saying you are).

I have a car big enough to carry me and my family down the country, along with:

travel cot
baby's buggy
bottle steriliser
bottles
toys to keep young 'uns occupied
luggage (clothes etc) for us all, including 2-3 daily changes for small one
etc.

I've never seen a 1L car with enough space to carry all that. And if I did see one, I doubt the engine would last long under the strain.

Different people have different needs.

Duiske · 09-08-2008 02:07PM

rarnes1 wrote: »

As oil prices are falling at a fast rate(now below $116/barrel), why do we not see this drop at the pumps??

Petroleum companies buy their oil about 2 months in advance, at a fixed price. New contracts are signed daily for oil supplies, so this means if there is a significant drop in price, it will not be seen at the pumps for roughly 2 months.
On the reverse though. if oil should increase back to say $160 a barrel in the next week or so, the increase should not be seen for 2 months.
Unfortunatly, this is where blind greed rears its ugly head.

+1 for Terry and the 1l car. I can understand why some people need high powered work vehicles, but some people just don't need 4x4's. Perhaps a quick lesson on the difference between Mount Merrion and Mount Kilimanjaro ?

Why aren't petrol prices falling???

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