Fuel prices increasing!

greenspurs · 31-05-2018 8:21am #1

The prices are creeping up !!
€1.38 per litre of diesel in the local garage !! It was 1.31 a couple of weeks ago.

lovelyhurler · 31-05-2018 9:57am

I've noticed that too.
Seems to be creeping up by a cent nearly every 2 days or so, despite that fact that the worldwode price of crude is falling..........

California Dreamer · 31-05-2018 10:07am

greenspurs wrote: »

The prices are creeping up !!
€1.38 per litre of diesel in the local garage !! It was 1.31 a couple of weeks ago.

M7 this morning €1.40.9 for diesel!!!

Oil prices go up, pump prices go up straight away. Oil prices go down, take 3 months to drop 2c!!!!

:(

DaveyDave · 31-05-2018 10:57am

I was very surprised on my last fill. 1.379 3 weeks ago for petrol, 1.449 last week. 7 cent increase is the biggest I've seen so far, in quite a short amount of time too.

It was 1.349 and 1.359 around October but has been sitting close to 1.399 for the past few months.

NIMAN · 31-05-2018 10:59am

Currency fluctuations?

Cee-Jay-Cee · 31-05-2018 12:28pm

€1.47.9 in Letterkenny for unleaded.

duffman13 · 31-05-2018 12:30pm

Cee-Jay-Cee wrote: »

€1.47.9 in Letterkenny for unleaded.

Nothing less than 150.9 on the N7 this morning, with one place 152.9. 8 cent a litre between highest and lowest petrol price on my drive this morning. Ranging from 144.7 in Appelgreen Kilkenny to 152.9 in Maxol on the N7. Crazy prices

LirW · 31-05-2018 12:34pm

Recently changed my tiny petrol car to a Diesel for my current driving needs, I'm now paying the exact same amount for Diesel than I did a few weeks ago for petrol. Hurts a bit in the wallet.

greenspurs · 31-05-2018 12:42pm

http://www.pumps.ie/

California Dreamer · 31-05-2018 2:21pm

Where does GO get its fuel from?

chalkitdown1 · 31-05-2018 4:45pm

€1.46 at my usual place this week when about a month ago it was €1.35. Absolutely insane price increase. I've seen a place in Cork City that was €1.50 in recent days, too.

bodonnell · 31-05-2018 10:49pm

€1.42 for petrol today at topaz & maxol, singland, Dublin rd, Limerick

Atlantic Dawn · 31-05-2018 10:50pm

Looks like above €1.50 soon, the Euro has tanked against the Dollar the last few months.

On the plus side I do recall about 12 years ago the Temple Of Doom Merchants saying fuel was only going up because it was running out when it was over €1.80 a litre. This was pre shale exploration and the discovery of massive reserves off countries in South America.

Del2005 · 31-05-2018 10:51pm

NIMAN wrote: »

Currency fluctuations?

Yes the Euro is taking a battering due to the risk of Italy crashing it.

fatbhoy · 31-05-2018 10:52pm

As far as I know, factors are:

OPEC producers have colluded to restrict production
Problems with Iran
Problems with Venezuela

DaveyDave · 01-06-2018 12:48am

Del2005 wrote: »

Yes the Euro is taking a battering due to the risk of Italy crashing it.

I don't have much experience or knowledge of import goods so I'm just using my knowledge in work with chemical imports but customs entries with Revenue use fixed rates for the month. Last month was $1.2286 and this month is $1.2388. Would this not apply for oil?

Although I presume not, as fuel prices change like the weather.

mikeecho · 01-06-2018 3:06am

bodonnell wrote: »

€1.42 for petrol today at topaz & maxol, singland, Dublin rd, Limerick

€1.49,9 in cork for (regular)petrol during the week at a topaz., and the diesel is €1.38,9

Padraig Mor · 01-06-2018 12:45pm

fatbhoy wrote: »

As far as I know, factors are:
OPEC producers have colluded to restrict production

Problems with Iran

Problems with Venezuela

The usual list of BS excuses so? As I recall, the stats from across Europe the last time there was a general price rise showed that the prices in Ireland rose more than anywhere else in the EU, and stayed up for longer.

jamesbondings · 01-06-2018 12:47pm

1.33 for diesel at my preferred garage on monday, 1.43 at my local. Shop around!

Reati · 01-06-2018 12:52pm

Padraig Mor wrote: »

The usual list of BS excuses so? As I recall, the stats from across Europe the last time there was a general price rise showed that the prices in Ireland rose more than anywhere else in the EU, and stayed up for longer.

Of course. Who goes into the garage or to the HQ and says "Here look, a barrel of oil is this, your costs are this and the price should be that"

No, this is Ireland where the "we're local" business tries to squeeze every last cent from people.

ec18 · 01-06-2018 12:54pm

you'd nearly prefer an EV at this rate rather than supporting the petrol industry cartel

jamesbondings · 01-06-2018 12:56pm

ec18 wrote: »

you'd nearly prefer an EV at this rate rather than supporting the petrol industry cartel

never! not one of those are even slightly attractive looking things (bar a tesla which i will never be able to afford either way). Also range & charge time etc......love my diesel!

Seweryn · 01-06-2018 1:09pm

Atlantic Dawn wrote: »

On the plus side I do recall about 12 years ago the Temple Of Doom Merchants saying fuel was only going up because it was running out when it was over €1.80 a litre. This was pre shale exploration and the discovery of massive reserves off countries in South America.

Discovery of massive reserves? What are these, any details? We have not discovered anything massive for decades. Oil discoveries are at an all-time low and falling. At the same time the cost of extracting whatever is left is rising.

mikeecho · 01-06-2018 5:22pm

Seweryn wrote: »

Discovery of massive reserves? What are these, any details? We have not discovered anything massive for decades. Oil discoveries are at an all-time low and falling. At the same time the cost of extracting whatever is left is rising.

Massive oil reserves found in the water off Guyana.

Agent_47 · 01-06-2018 5:49pm

you think that's bad, Algarve today: Diesel is €1.49, petrol is €1.845.

Lowest is €1.55 for petrol but that is with Jumbo retail probably with coupons

TeaBagMania · 01-06-2018 5:55pm

its going up everywhere, even here in the US

Seweryn · 01-06-2018 5:57pm

mikeecho wrote: »

Massive oil reserves found in the water off Guyana.

Oh, yeah... That is really massive. The well may start producing by the end of the decade and holds an impressive volume of... about one week of global oil consumption

.

boege · 01-06-2018 6:00pm

https://www.reuters.com/article/us-global-oil-brent-trading/us-and-brent-crude-part-ways-leaving-market-flummoxed-over-oil-prices-idUSKCN1IW36O

honda boi · 01-06-2018 6:09pm

Topaz in mullingar was 1.345 for diesel. 1.445 for petrol.
1.305 with fuel card,so not that bad.
Kells topaz was 1.539 for petrol and 1.439 for diesel.
Mental price difference !

cml387 · 01-06-2018 7:08pm

Last February Brent crude was around $60. It peaked earlier this month at nearly $80.
I know we'd all like to think there's a great conspiracy to screw the motorist, but the fact is oil prices are ticking upwards.

Reati · 01-06-2018 7:29pm

cml387 wrote: »

Last February Brent crude was around $60. It peaked earlier this month at nearly $80.
I know we'd all like to think there's a great conspiracy to screw the motorist, but the fact is oil prices are ticking upwards.

Please. Don't come here with facts. You're on the big pharma.. Wait sorry, big oil payroll.

uck51js9zml2yt · 01-06-2018 9:11pm

I thought the signs were wrong when I went to get fuel and checked just to be sure.

Bike will be getting more use.

Fuel prices increasing!

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