Oil price is at 2.5 year low but Petrol stays the highest in price

Dont forget the Greens goddamn carbon tax of 7-8 cents a litre is still on our fuels costs at the pump. Another crap idea that should be binned but wont.
Goverment love higher prices on the pumps. Probably have the forecourts warned not to drop prices too much.
Tis a joke alright.

CiniO wrote: »

Well if I remember right, 2 years ago petrol was nearly 1.70.
Now is just over 1.50 - so there is a difference.

Remember that excise on fuels was increased few times since then afair.

Where were you paying €1.70 a litre 2 years ago.??
There must have been a very large window in the shop, ie they saw you coming.!!
Anyway, that aside, the reason that prices are remaining high is because we live in a banana republic.:mad:
Anybody that has been reading newspapers especially over the last 2 weeks will agree with this.

Barrel price isn't the same as wholesale price either. I'd be willing to guess a chunk of this is the oil companies banking cash now while they can, given the fact that supplies are going to start running out soon.

Lot of reasons being given for the price not falling much, but I would agree with the OP that the price ALWAYS rises as soon as the barrel prices goes up the slightest bit, irrespective of exchange rates etc.

CiniO wrote: »

I can tell you exactly, as I keep note of every fillup in excel sheet.
In my local Topaz petrol station in Mayo on 5/09/2012 I paid 1.699 per litre of petrol. Same price on 16/09/2012.

Bit earlier on 9/05/2012 cost was 1.689 per litre. In the mean time was lower. In July about 1.55 while in August about 1.65, to peak again in September as above. Down to 1.55 by November.



Well maybe there was... Maybe I just got screwed up - not anyone else.

That's fair enough, you have the figures to prove it.
Just that I cant remember paying anything near that, probably due to the fact I live in Limerick where there are a few big petrol depots thus creating a 'price war' therefore reducing prices.
The 'big window' was just a joke, no offence meant.

Did Conor Faughan say on SIX-ONE news yesterday that the Gubbermint now have almost €1 from every litre sold.??
And we supposedly live in a low tax economy.!!

pippip wrote: »

I think i remember hearing before that the change in price of oil takes a few months (6ish) to filter down to the pumps.

But only takes days to go the other way when there's the least hint of trouble in any oil supplying country...

As long as the greens/government keep forgetting LPG which only has a 10c/litre duty which makes it only 80.9c/litre locally, I'm very happy......

The Gov get the usual amount of grief from the moaners who moan about everything, but if they have the fuel prices so high in Ireland, why are the petrol stations on the border with NI packed full of NI drivers coming to fill up?

Chimaera wrote: »

The government are not really to blame for this either: prices are as high if not higher in other European countries nowadays. I was in England last week where I paid 1.40 gbp per litre for fuel which works out about €1.79. We're not doing that badly here overall.

Here's the list of current prices in other countries (mostly Europe) sorted by petrol price.
http://www.fuel-prices-europe.info/index.php?sort=3

13 countries in Europe with more expensive petrol than in Ireland (out of which 10 in the EU).

29 countries in Europe with cheaper petrol than in Ireland (out of which 17 in the EU).

I think though few small countries were ommited on the list.

Anyway - we score fairly high.

What I'm surprised though is that Poland seems to be EU country with cheapest Petrol, Diesel and LPG in the EU. Must be temporary tendency as this was never really the case.

While Ireland may not have the most expensive fuel in Europe, I would like to see a comparison done with overall cost of motoring compared to average incomes across Europe.
Eg. VW Golf new price, yearly motor taxes and fuel costs for 10k / yr over 5 years.

While the UK have a higher rate per litre on fuel, I'd wager that they pay less for the car in the first place and pay less motor tax.

Chimaera wrote: »

The government are not really to blame for this either: prices are as high if not higher in other European countries nowadays. I was in England last week where I paid 1.40 gbp per litre for fuel which works out about €1.79. We're not doing that badly here overall.

how is their VAT, VRT, road/motortax, tolls, etc., etc?

Short answer is petrol stations are simply gouging us and price per litre never drops in accordance to $ value of crude oil. on the other hand always jumps quickly when price of crude oil increases.

These are businesses at the end of the day and the nr1 objective of any business is?... Yes, to maximize profits!