Petrol only €9.99 a litre

01-05-2011 09:05PM #1

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=auto&tl=en&u=http%3A%2F%2Fwww.diariomotor.com%2F2011%2F04%2F29%2Fterapia-de-choque-en-una-gasolinera-alemana-el-litro-de-gasolina-a-999-e%2F

A petrol station in Germany had put up it's prices to €9.99 a litre over the Easter holiday. People still went in to buy. :eek:

Would you (could you) pay that much to keep on motoring!

I know I couldn't!

MagicMarker · 01-05-2011 09:06PM

I can't afford 1.50, literally. I'm probably going to start cycling to work in the next week or two because I just don't have the money.

Krusader · 01-05-2011 09:08PM

We are past peak oil, expect it to get dearer and dearer gradually over the years

Bigcheeze · 01-05-2011 09:09PM

Trying to read that crap translation is causing the hurt in my brain for sure.

mgmt · 01-05-2011 09:10PM

They raised the prices to the same crazy level at the petrol station on the quays (Dublin) a couple of years ago.

Uriel. · 01-05-2011 09:10PM

I have stopped driving to work now also because of the petrol costs. Take the bus now instead, thankfully I have that option. It costs me 18.50 a week on the bus, probably costs about 45-50euro if I was taking the car, so nice little saving. Also signed up to the DublinBikes scheme, which for €10 per annum is a pretty good option to use getting around Dublin City

01-05-2011 09:16PM

Crosáidí wrote: »

We are past peak oil, expect it to get dearer and dearer gradually over the years

Yep! no doubt about that. Plus the fact that everytime someone is priced out of filling up the car, Chindia buys that "spare" oil.

Terry · 01-05-2011 09:18PM

Here Trilly Trilly Trilly.

Bertie flogged a crap load of dinosaur excrement to Shell, but apparently there's still a Trillion dollars worth of gas and oil off the West coast.

Inda will probably do the same, even though we can manage it ourselves (for the most part).

Were we to produce it ourselves, we would be self sufficient for years.
We could export the excess and make ourselves rich (er).

That's not going to happen though.
All we're going to get is more English hippies camping out on the West coast, getting stoned and arrested.

starbelgrade · 01-05-2011 09:21PM

I spend around €100 a week on petrol. If it went up to a tenner a litre, it'd cost me €650 a week to keep on the road - that's €34,000 per year.

At those prices, it would barely be worth my while working.

thetonynator · 01-05-2011 09:31PM

mgmt wrote: »

They raised the prices to the same crazy level at the petrol station on the quays (Dublin) a couple of years ago.

I remember that . . .the ''crazy prices'' were €1.40/L. Not so crazy now . . .

mgmt · 01-05-2011 09:33PM

thetonynator wrote: »

I remember that . . .the ''crazy prices'' were €1.40/L. Not so crazy now . . .

Found an article about it, 1.79euro. http://www.rte.ie/news/2007/1218/presswatch-business.html

We'll soon see that level soon.

cruiser178 · 01-05-2011 09:35PM

Whats with all the petrol cars?

i just dont understand it,at todays prices es whats wrong with diesel.I haven't owned a petrol car in 4 yrs and dont intend buying one again.

Carlow52 · 01-05-2011 09:36PM

MagicMarker wrote: »

I can't afford 1.50, literally. I'm probably going to start cycling to work in the next week or two because I just don't have the money.

If u take off the saddle and leave on the seat post, on the whole it gives a much more comfortable ride.

01-05-2011 09:38PM

Terry wrote: »

Here Trilly Trilly Trilly.

Bertie flogged a crap load of dinosaur excrement to Shell, but apparently there's still a Trillion dollars worth of gas and oil off the West coast.

Inda will probably do the same, even though we can manage it ourselves (for the most part).

Were we to produce it ourselves, we would be self sufficient for years.
We could export the excess and make ourselves rich (er).

That's not going to happen though.
All we're going to get is more English hippies camping out on the West coast, getting stoned and arrested.

The problem is, how much would it cost to develop??
By that I mean it can't be viable now, otherwise the oil companies would be fighting to get in there.
I wonder just how high do crude oil prices need to go before someone can drill there profitably. If it's going to cost $200 a barrel to get it out, then it will stay there until oil prices go (& stay) above $250. The way things are going, that day is not too far away.

thetonynator · 01-05-2011 09:38PM

mgmt wrote: »

Found an article about it, 1.79euro. http://www.rte.ie/news/2007/1218/presswatch-business.html

We'll soon see that level soon.

Well i think it was 1.40 at the start . .but yeah, you're right, I'd say if the unrest continues we'll be at €2 by the end of the year.

phasers · 01-05-2011 09:39PM

cruiser178 wrote: »

Whats with all the petrol cars? i just dont understand it,at todays prices es whats wrong with diesel.I haven't owned a petrol car in 4 yrs and dont intend buying one again.

I dont know a lot about cars but aren't diesel cars more expensive? Maybe people can't afford them?

thetonynator · 01-05-2011 09:40PM

Deleted User wrote: »

The problem is, how much would it cost to develop??
By that I mean it can't be viable now, otherwise the oil companies would be fighting to get in there.
I wonder just how high do crude oil prices need to go before someone can drill there profitably. If it's going to cost $200 a barrel to get it out, then it will stay there until oil prices go (& stay) above $250. The way things are going, that day is not too far away.

Our proven reserves are tiny, there is still a chance of plenty reserves that we don't know about, but I wouldn't hold out fr it. This comes up every week on the irish economy forum, but we just can't depend on it.

thetonynator · 01-05-2011 09:42PM

phasers wrote: »

I dont know a lot about cars but aren't diesel cars more expensive? Maybe people can't afford them?

They are if you buy new, but you'll have the difference made up in fuel costs and cheaper tax in no time. 2nd hand diesels aren't really that differently priced, but older ones have higher tax as the old road tax system was on engine size not emmissions, and diesel engines are bigger.

pow wow · 01-05-2011 09:51PM

thetonynator wrote: »

They are if you buy new, but you'll have the difference made up in fuel costs and cheaper tax in no time. 2nd hand diesels aren't really that differently priced, but older ones have higher tax as the old road tax system was on engine size not emmissions, and diesel engines are bigger.

Those who can't afford 08+ diesels enjoy astronomical motor tax, myself included. The 5 cent saving per litre doesn't really take the edge off

cruiser178 · 01-05-2011 10:00PM

phasers wrote: »

I dont know a lot about cars but aren't diesel cars more expensive? Maybe people can't afford them?

ya new they are about 3/4 thousand dearer but when they get few yrs older that price comes right down.

Ive got a 13 yro avensis(diesel)with 250000 on the clock the engine is bullet proof and it runs on a spit compared to petrol,payed 1500e for it last year(did a bit of work on it myself)IF i change it next year id expect to lose very little.

kkdela6 · 01-05-2011 10:08PM

they've invented airplanes iphones hovercrafts and ****e surely ta jaysus they could invent a car that runs on water or something

mgmt · 01-05-2011 10:15PM

thetonynator wrote: »

Well i think it was 1.40 at the start . .but yeah, you're right, I'd say if the unrest continues we'll be at €2 by the end of the year.

I read somewhere, that Saudi Arabia needs oil to be at about 80dollars a barrel to pay for the 15% public sector pay rise they gave recently to stave off unrest.

Also, wikileaks revealed recently that the Americans think Saudi is overestimating their reserves by 40%.

mgmt · 01-05-2011 10:19PM

kkdela6 wrote: »

they've invented airplanes iphones hovercrafts and ****e surely ta jaysus they could invent a car that runs on water or something

Ford designed a nuclear car in the 1950s. http://en.wikipedia.org/wiki/Ford_Nucleon

thetonynator · 01-05-2011 10:20PM

pow wow wrote: »

Those who can't afford 08+ diesels enjoy astronomical motor tax, myself included. The 5 cent saving per litre doesn't really take the edge off

I did mention that in my post.

the savings i meant weren't the 5c per litre, its how much further you get for that litre . . .

cherryghost · 01-05-2011 10:21PM

I'd say it'll hit the 1.80 mark by the end of Summer if the trend continues

hatz7 · 01-05-2011 10:23PM

Crosáidí wrote: »

We are past peak oil, expect it to get dearer and dearer gradually over the years

Are we really past peak oil?

pow wow · 01-05-2011 10:24PM

thetonynator wrote: »

I did mention that in my post.

the savings i meant weren't the 5c per litre, its how much further you get for that litre . . .

. . .I wasn't contradicting your post, just adding my own opinion. Let's not fall out about it

mike65 · 01-05-2011 10:25PM

70% of new car sales are diesel, have you not been paying attention?

ejmaztec · 01-05-2011 10:25PM

Terry wrote: »

All we're going to get is more English hippies camping out on the West coast, getting stoned.....

I think rocks are probably a better and more permanent solution.

thetonynator · 01-05-2011 10:25PM

hatz7 wrote: »

Are we really past peak oil?

No one really knows, but the current spike in oil prices is mainly due to unrest, not increased demand. Also, there is a lot more tax on fuel than there was, oil prices have been higher before but the tax means what we pay at the pumps is higher.

mgmt · 01-05-2011 10:26PM

hatz7 wrote: »

Are we really past peak oil?

Peak Oil occurred in 2006, according to the IEA (International Energy Agency).

Here is source:
http://www.abc.net.au/news/stories/2011/04/28/3202209.htm

Petrol only €9.99 a litre

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