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Pumps.ie

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    #302
    Hogzy
    Registered Users Posts: 7,544 ✭✭✭Hogzy


    vectra wrote: »
    Quick one,
    Is there any news of prices going back up?

    The reason I ask is a local station here would always be the last to drop the prices but would always be the first to rise them.
    I noticed yesterday he had upped the price by 1c per liter on both petrol and diesel.

    I know it is only 1c, but why would someone even do that when it is on a downward trend?
    Unless he knows something we don't.

    Oil prices are still dropping so it wouldnt be that. Maybe he has a business reason to do it?


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    #303
    mikeecho
    Registered Users Posts: 5,075 ✭✭✭mikeecho


    Probably upped the price to compensate for lack of sales.

    Not many people out and about.

    The petrol station needs to pay it's bills.


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    #304
    deezell
    Registered Users Posts: 6,525 ✭✭✭deezell


    mikeecho wrote: »
    Probably upped the price to compensate for lack of sales.

    Not many people out and about.

    The petrol station needs to pay it's bills.

    All fuel stations pay their bills by getting you to pull in for cheap fuel, (margin, ~ 20 cent/lìtre), in the hope you will buy a coffee, (margin, €6.60/litre, based on paying €2.70 for 12oz/33cl, less coffee beans and cup, ~ 50c). Throw in a pastry, packet of sweets, bottle of water and there's as much profit on treats as on a half tank of juice.


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    #305
    1huge1
    Registered Users Posts: 6,171 ✭✭✭1huge1


    Interesting article on RTE

    https://www.rte.ie/brainstorm/2020/0331/1127484-petrol-prices-fall-oil-price-war/

    It states that if the price of petrol was tax alone, it would be c. €1.10 per litre, I knew it was high but I didn't think it was that much.


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    #306
    Hogzy
    Registered Users Posts: 7,544 ✭✭✭Hogzy


    deezell wrote: »
    All fuel stations pay their bills by getting you to pull in for cheap fuel, (margin, ~ 20 cent/lìtre), in the hope you will buy a coffee, (margin, €6.60/litre, based on paying €2.70 for 12oz/33cl, less coffee beans and cup, ~ 50c). Throw in a pastry, packet of sweets, bottle of water and there's as much profit on treats as on a half tank of juice.

    If only this were true! The Margin is NOWHERE near that!!!!!!!! The margin is about 3-6c per litre and quite a few petrol stations make absolutely no money off fuel whatsoever. As you pointed out the sale of fuel is only to get you into the shop to buy bits and pieces.


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    #307
    deezell
    Registered Users Posts: 6,525 ✭✭✭deezell


    1huge1 wrote: »
    Interesting article on RTE

    https://www.rte.ie/brainstorm/2020/0331/1127484-petrol-prices-fall-oil-price-war/

    It states that if the price of petrol was tax alone, it would be c. €1.10 per litre, I knew it was high but I didn't think it was that much.
    You're making the same mistake as was made back in post #262. Read that sentence again;
    "if oil was completely free, we would still pay about €1.10 per litre of petrol because of taxes, retail margins and delivery costs."
    €1.10 is not tax alone, taxes closer to 84 cent for petrol. If the crude oil were free, there would still be refining, shipping, distribution, garage overheads and margin.


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    #308
    vectra
    Registered Users Posts: 15,511 ✭✭✭✭vectra


    Must be very cheap in the North if some of our taxes per litre can be removed.


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    #309
    Technique
    Registered Users Posts: 1,370 ✭✭✭Technique


    vectra wrote: »
    Must be very cheap in the North if some of our taxes per litre can be removed.

    Petrol and diesel is more expensive in the north.


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    #310
    deezell
    Registered Users Posts: 6,525 ✭✭✭deezell


    Technique wrote: »
    Petrol and diesel is more expensive in the north.

    Duty on a litre of petrol/diesel in the uk is 57.95 pence, which is 66.40 cent. Add VAT at 20%, 78.48 cent. The remainder of the price includes vat also, so a litre of petrol in the UK at current price of 120.3/litre, €1.35/litre in euros, and Vat is 1/6 of this, 22.5 cent, duty is 66.4 cent so total UK tax is 88.9 cent/litre.


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    #311
    mikeecho
    Registered Users Posts: 5,075 ✭✭✭mikeecho


    deezell wrote: »
    Duty on a litre of petrol/diesel in the uk is 57.95 pence, which is 66.40 cent. Add VAT at 20%, 78.48 cent. The remainder of the price includes vat also, so a litre of petrol in the UK at current price of 120.3/litre, €1.35/litre in euros, and Vat is 1/6 of this, 22.5 cent, duty is 66.4 cent so total UK tax is 88.9 cent/litre.

    I'm lost.. all I know is that for diesel, the pump price was 1.129¢,/L and I get 4¢ off , so I paid 1.089/l


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    #312
    deezell
    Registered Users Posts: 6,525 ✭✭✭deezell


    mikeecho wrote: »
    I'm lost.. all I know is that for diesel, the pump price was 1.129¢,/L and I get 4¢ off , so I paid 1.089/l

    What you psy is all that matters. If you think too much about tax, you wouldn't get out of bed in the morning.


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    #313
    vectra
    Registered Users Posts: 15,511 ✭✭✭✭vectra


    Prices in Fermoy today

    Texaco Cork Road 119.9/129/9

    Circle K ( In town ) 117.9/127.9

    Amber station 116.9/127.9

    Smart Pump Mallow Road 111.9/119.9


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    #314
    Del2005
    Registered Users Posts: 18,903 ✭✭✭✭Del2005


    deezell wrote: »
    You're making the same mistake as was made back in post #262. Read that sentence again;
    "if oil was completely free, we would still pay about €1.10 per litre of petrol because of taxes, retail margins and delivery costs."
    €1.10 is not tax alone, taxes closer to 84 cent for petrol. If the crude oil were free, there would still be refining, shipping, distribution, garage overheads and margin.

    Seeing as refiners are now paying people to take their products and so are some crude producers what impact will that have on the price at the pumps?

    https://www.google.com/amp/s/www.argusmedia.com/en/news/2087902-us-gasoline-cracks-fall-to-negative-territory-update%3famp=1

    https://www.google.com/amp/s/www.livemint.com/market/commodities/oil-producers-paying-consumers-to-take-crude-yes-in-a-corner-of-us-market/amp-11585466041037.html


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    #315
    robert muldoon
    Registered Users Posts: 728 ✭✭✭robert muldoon


    Fuel prices will spike again if OPEC + can agreement with USA to lessen production of crude more than 10 million bpd- should know what’s happening by lunchtime Thursday


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    #316
    robert muldoon
    Registered Users Posts: 728 ✭✭✭robert muldoon


    Some of this price increase has already has been factored in when Trump opened his big gob last Thursday that an agreement had already been reached and that he had brokered it- fake news Mr Trump , Russia denied it Friday


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    #317
    deezell
    Registered Users Posts: 6,525 ✭✭✭deezell


    Del2005 wrote: »
    Seeing as refiners are now paying people to take their products and so are some crude producers what impact will that have on the price at the pumps?

    https://www.google.com/amp/s/www.argusmedia.com/en/news/2087902-us-gasoline-cracks-fall-to-negative-territory-update%3famp=1

    https://www.google.com/amp/s/www.livemint.com/market/commodities/oil-producers-paying-consumers-to-take-crude-yes-in-a-corner-of-us-market/amp-11585466041037.html
    Not paying anyone here, just in 'a corner of the US'

    Diesel 108.9 in Emo Enfield


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    #318
    vectra
    Registered Users Posts: 15,511 ✭✭✭✭vectra


    Any further updates on Pumps getting back up and running?


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    #319
    WestWicklow1
    Registered Users Posts: 1,194 ✭✭✭WestWicklow1


    SweetCaliber wrote: »
    I work in retail so thought in the evenings I'd have time to mess around with it and get the final few bits done, but the last couple of days I've been working 4 hours over my finish time, coming home showering having dinner and then falling alseep to Netflix. I've had no time due to whats happening.

    As soon as things quieten down and I have some free time I'll do what I can.

    I bet you're hard at it now that things have quietened down for you and you're going to surprise us all any day now with a brand new app and website.

    Am I close?


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    #320
    deezell
    Registered Users Posts: 6,525 ✭✭✭deezell


    Deezell 99c in Dundalk. If only you could go for a spin.

    https://www.talkofthetown.ie/dundalk-filling-station-may-be-the-cheapest-in-ireland-again-after-dropping-diesel-price-to-99-cents/amp/


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    #321
    Odyssey 2005
    Registered Users Posts: 21,065 ✭✭✭✭Odyssey 2005


    deezell wrote: »
    Deezell 99c in Dundalk. If only you could go for a spin.

    https://www.talkofthetown.ie/dundalk-filling-station-may-be-the-cheapest-in-ireland-again-after-dropping-diesel-price-to-99-cents/amp/

    Slab Murphy. Com
    ?


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    #322
    deezell
    Registered Users Posts: 6,525 ✭✭✭deezell


    Odyssey 2005 wrote: »
    Slab Murphy. Com
    ?

    In fairness, I'd say his juice is genuine. If he sells you some goodies and a paper, everyone's happy. There was a time when all the retailers in El Paso had to compete against Slaboil, it couldn't have been easy.


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    #323
    obi604
    Registered Users Posts: 5,501 ✭✭✭obi604


    Will Diesel prices drop more or are they stalled for a while?


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    #324
    Hogzy
    Registered Users Posts: 7,544 ✭✭✭Hogzy


    obi604 wrote: »
    Will Diesel prices drop more or are they stalled for a while?

    They'll drop to 80c next month. I swear! :pac:


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    #325
    davidk1394
    Registered Users Posts: 4,044 ✭✭✭davidk1394


    114.8 a litre in Circle K today in Carrick on Suir.


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    #326
    horse7
    Registered Users Posts: 3,701 ✭✭✭horse7


    1$ a barrel now.


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    #327
    Darc19
    Registered Users Posts: 3,817 ✭✭✭Darc19


    horse7 wrote: »
    1$ a barrel now.

    Brent oil is $26

    Today's US oil market was a technicality as may delivery contracts ended. It will open on Wednesday at about $20. Currently trading $21.16


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    #328
    horse7
    Registered Users Posts: 3,701 ✭✭✭horse7


    https://news.sky.com/story/amp/us-oil-price-plunges-below-zero-for-first-time-in-history-11976165


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    #329
    mikeecho
    Registered Users Posts: 5,075 ✭✭✭mikeecho


    With WTI oil trading at negative values, it does not mean free fuel.
    There will still be taxs, duty, refining, transport, retailer costs.

    And the reason it's trading at a negative value is because they are running out of storage space in the US, and the cost of additional storage is more than the value of oil., Thus making it worthless.

    Brent oil, however is still in the mid 20's.
    There are no storage issues for oil on this side of the Atlantic.


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    #330
    CosmicFool
    Registered Users Posts: 492 ✭✭CosmicFool


    When all the restrictions are lifted it will go back up faster than ever


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    #331
    Muahahaha
    Registered Users Posts: 19,615 ✭✭✭✭Muahahaha


    mikeecho wrote: »
    With WTI oil trading at negative values, it does not mean free fuel.
    There will still be taxs, duty, refining, transport, retailer costs.

    And the reason it's trading at a negative value is because they are running out of storage space in the US, and the cost of additional storage is more than the value of oil., Thus making it worthless.

    Brent oil, however is still in the mid 20's.
    There are no storage issues for oil on this side of the Atlantic.

    Well if they want to refine it I'll gladly store it in my petrol tank for free :pac:


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