Anyone seeing the benefits of the oil price falls at the pumps?

Kermit.de.frog · 28-11-2014 12:37AM #1

Anyone

Because a lot of countries in Europe are yet us not so much.

http://www.telegraph.co.uk/finance/oilprices/11256183/World-on-brink-of-oil-price-war-as-Opec-set-to-keep-pumping.html

I'd say this will become a source of anger for people here if the prices don't start coming down quicker. I know most of the price is tax in Ireland but still we are out of sync with the continent. And maybe tax is not the only reason the price is being kept high. Maybe some cosy cartels are operating too.

yer man! · 28-11-2014 12:39AM

133.9 in Waterford this week, it's great! For diesel

wardy2 · 28-11-2014 01:15AM

Saw unleaded at 141.9 around dublin

jacksie66 · 28-11-2014 01:17AM

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28-11-2014 01:21AM

was 1.50 a while back, 1.44 at the weekend, 1.40 now

Summer wind · 28-11-2014 01:24AM

It usually costs me €95 to fill my tank of diesel. Now for the last two weeks it's cost €87. That's at €1.35 a litre.

hfallada · 28-11-2014 01:28AM

Dont forgot a marjority of Diesel and Petrol is just tax. You arent going to see much of a change in the pumps.

But the real benefit is low oil prices are going to cripple the Russian economy( I wonder is it the main reason why the US, an oil producing country isnt bothered with low prices, considering they are now an export of some oils). With low oil prices, it will be harder for the Russian Government to cover up their ****ty economy

Agricola · 28-11-2014 01:28AM

1.40 for unleaded near me. Pretty astonished its gone back almost 15c a litre from its peak. Thought that was contrary to how oil pricing works, i.e. keep going up.

Cookie_Monster · 28-11-2014 02:39AM

$2.23 to $2.07 in the last few weeks (NZD)

jacksie66 · 28-11-2014 02:41AM

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Cookie_Monster · 28-11-2014 02:42AM

jacksie66 wrote: »

$1.97 here in Christchurch..

:mad:

KERSPLAT! · 28-11-2014 02:52AM

I don't look very often but I'm pretty sure it was hitting 1.50/l at the local a few weeks ago, it's now around 1.35/l, pretty good.

afatbollix · 28-11-2014 02:56AM

£1.20 over in London

Very happy at the moment

jacksie66 · 28-11-2014 02:58AM

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Beano · 28-11-2014 10:06AM

KERSPLAT! wrote: »

I don't look very often but I'm pretty sure it was hitting 1.50/l at the local a few weeks ago, it's now around 1.35/l, pretty good.

1.35 for diesel or petrol?

Beano · 28-11-2014 10:07AM

afatbollix wrote: »

£1.20 over in London Very happy at the moment

which seems good until you realise it is actually as expensive as prices were here BEFORE they dropped. You guys pay a ridiculous amount for petrol.

donegaLroad · 28-11-2014 10:10AM

home heating oil 69c (euro price) per litre over the border at the minute.

28-11-2014 10:11AM

Oh yeah, now might be good to get more heating oil

corsav6 · 28-11-2014 10:15AM

€1.40 for diesel in Castlebar, that's at topaz so may be cheaper elsewhere.

bear1 · 28-11-2014 01:44PM

If I'm correct then the prices we are paying in November for fuel is based on the prices oil cost in October.
I read that oil has gone to near $70 a barrel today which means in December you will see a further decrease.
If in December oil goes below $70 (I doubt it for now) then in January we will see a further reduction.
I have seen a definite decrease in fuel both in Ireland and in Europe - I paid roughly 1.15 today in Warsaw but many places are still trying to charge a fortune for it.

force eleven · 28-11-2014 02:26PM

Oil Prices have dropped by 30%. Pump prices by 10% in the same time.

Someone is making a mint.

BoJack Horseman · 28-11-2014 02:32PM

force eleven wrote: »

Oil Prices have dropped by 30%. Pump prices by 10% in the same time.

Someone is making a mint.

The dept of revenue.
& currency speculators.... (The euro being weaker these days vs the dollar compared to a year ago.)

28-11-2014 02:35PM

C$119.9 in Vancouver here at the moment.

bear1 · 28-11-2014 03:57PM

Sacramento wrote: »

C$119.9 in Vancouver here at the moment.

That's quite expensive if I'm honest

Are you driving a rocket?

Triboro · 28-11-2014 04:02PM

Sacramento wrote: »

C$119.9 in Vancouver here at the moment.

A litre or american gallon?

J Cheever Loophole · 28-11-2014 04:54PM

Kermit.de.frog wrote: »

I'd say this will become a source of anger for people here if the prices don't start coming down quicker.

Oft referred to as the rocket and feather effect - it was the subject of much debate in the UK media at the start of this month.

http://www.telegraph.co.uk/news/uknews/road-and-rail-transport/11212890/Fuel-prices-the-rocket-and-feather-effect-explained.html

The cheapest unleaded up here is £1.20 a litre - diesel £1.24 a litre.

I was quoted £234 for 500 litres of home heating oil yesterday - a fall of £11 over the last ten days.