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08-03-2020, 18:33   #1
Gael23
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Fuel prices - Coronavirus

Has anyone noticed any drops in fuel at the pumps? Surely it’s going to fall significantly
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08-03-2020, 19:29   #2
biko
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Not sure how you make this connection?
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08-03-2020, 19:32   #3
Darc19
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Big price drop at end of last week on the market. This will feed into the pumps in a couple of weeks.

Expect couple of cent off next week.

But if oil was free, pump prices would still be about €1 per litres. (taxes, refinery and retail costs)
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08-03-2020, 19:32   #4
con747
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Not sure how you make this connection?
Price of Brent crude has fallen nearly 30% since outbreak. Home heating oil has fallen at a slow rate and petrol and diesel should be dropping.
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08-03-2020, 19:33   #5
phill106
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Not sure how you make this connection?
I imagine the suggestion is that there will be less people driving in and out of work, more people self isolating , working from home all pointing to less fuel being used, leading to excess stocks of fuel.
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08-03-2020, 19:33   #6
hoody
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Price of crude oil has been dropping due to lower demand over past few weeks because of coronavirus
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08-03-2020, 19:34   #7
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Ok, I read up on the reasons here https://www.ctvnews.ca/health/corona...emic-1.4843975
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08-03-2020, 19:37   #8
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Also Russia did not sign up to the new measures OPEC wanted to introduce to stabilise the price of oil.
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08-03-2020, 19:55   #9
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Always slower for prices to go down at the pumps than go up.
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08-03-2020, 20:06   #10
Darc19
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Always slower for prices to go down at the pumps than go up.
Incorrect and a survey was done a few years ago by pumps.ie over several price changes and prices changed up and down by an almost identical time frame.

However, we will notice price increases quicker than price decreases due to how the human brain works.
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08-03-2020, 20:13   #11
mikeecho
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Home heating oil Kero has dropped about 15% in a month or so.

Petrol near me has dropped from 1.459 to 1.379.
Diesel down from 1.339 to 128.9.
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08-03-2020, 20:16   #12
pippip
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Drove Cork to Dublin today.

Cork 133.9...... Dublin 147.9
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08-03-2020, 20:20   #13
UsBus
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Home heating oil Kero has dropped about 15% in a month or so.

Petrol near me has dropped from 1.459 to 1.379.
Diesel down from 1.339 to 128.9.
Lot of places still charging 1.35 and more for diesel. Pure rip off
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08-03-2020, 20:25   #14
bazz26
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Originally Posted by Darc19 View Post
Incorrect and a survey was done a few years ago by pumps.ie over several price changes and prices changed up and down by an almost identical time frame.

However, we will notice price increases quicker than price decreases due to how the human brain works.
Some forecourts are indeed very slow to pass on the savings but fast to raise it, that's from passing them every day on the road, not an imagination by the brain.
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08-03-2020, 21:39   #15
Darc19
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Some forecourts are indeed very slow to pass on the savings but fast to raise it, that's from passing them every day on the road, not an imagination by the brain.
There will always be an odd one here and there. The pumps survey used over 100 garages and figures were gathered over several months (I was involved in the data gathering)

Also, fuel prices change twice a week. If a garage doesn't do huge volume, then they may only get a delivery once a week or less, therefore their prices change slower.

Always shop around.

2c probably coming off on Tuesday and probably around 4 c off the next week - maybe a little more
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