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Thread: Petrol Prices

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    Politics.ie Member Akrasia's Avatar
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    Default Petrol Prices

    In july 2008, crude oil prices were $147 a barrel and pump prices in ireland were about 1.30.

    Now in June 2009 crude is trading at $66 but the pump prices are 1.18 in Ennis as of this morning. And yet we are being told that we don't need any wage increases because we're in a period of 'deflation'.

    I know there was an 8c increase in the 'emergency' budget of 2008, but even taking that into account, the Irish motorist is being screwed unmercifully.

    Is anyone else sick and tired of the price creep as the local cartels collude to push the prices up by a few cent per week, following each others within 1 percent of each other to deny any consumer choice?
    Actual morality is doing what is right regardless of what you're told. Religious morality is doing what you're told, regardless of if it's right.

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    The vast, vast majority of the price of petrol/diesel here is tax.

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    Noticed that,Dollar is now €1.39ish where it was €1.65ish last year.

    According to Bloomberg there is no supply issue, and if you were to take 13c plus .5% vat off you'd be at €1.03.

    But I agree, just to really annoy you a Gallon in US $2.49 or €1.80ish

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    Firstly the €1.18 in Ennis is a rip off. Looking like at least 2c over the average and you can get as low as €1.129.

    So let's take €1.16 for our comparison
    Apart form OIl price falling there's been 3 other changes:
    1. The stronger dollar accounts for 18%
    2. the government put 8c on the litre in last October's budget
    and 3. increased VAT by 0.5%

    That puts today's price at € 0.87 on a like for like with July last year if the above 3things hadn't happened.

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    Quote Originally Posted by Akrasia View Post
    Is anyone else sick and tired of the price creep as the local cartels collude to push the prices up by a few cent per week, following each others within 1 percent of each other to deny any consumer choice?
    There was a shower them in Galway a while back that achieved the dubious distinction of being on the receiving end of the EU's first ever cartel conviction.

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    Quote Originally Posted by st3ph3n View Post
    The vast, vast majority of the price of petrol/diesel here is tax.
    Good post this,we are being ripped off,tax and such like doesnt go up on a daily basis,seems to go up by same amount at the same time locally.Put Joe Duffy back on the case

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    Politics.ie Member sauntersplash's Avatar
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    Quote Originally Posted by Akrasia View Post
    In july 2008, crude oil prices were $147 a barrel and pump prices in ireland were about 1.30.

    Now in June 2009 crude is trading at $66 but the pump prices are 1.18 in Ennis as of this morning. And yet we are being told that we don't need any wage increases because we're in a period of 'deflation'.

    I know there was an 8c increase in the 'emergency' budget of 2008, but even taking that into account, the Irish motorist is being screwed unmercifully.

    Is anyone else sick and tired of the price creep as the local cartels collude to push the prices up by a few cent per week, following each others within 1 percent of each other to deny any consumer choice?
    Get on a bike and stop whinging.
    "No." - Rosa Parks

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    Politics.ie Member seabhcan's Avatar
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    Things would be a hell of a lot more transparent if we quoted the crude oil price as euro per litre.

    That works out as 56c/l during last years peak, and 29c/l now.

    Add the refining and delivery costs, and everything else you pay is tax and profit.

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    The most unused things in Ireland: digits 0-8 in a fuel display sign's last position.

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