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?