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July Forecast
forecast
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2011-06-21 09:43:28

A gradual softening of prices is currently underway and its combined with a relatively rangebound euro/dollar exchange rate.

Brent is currently at $111, down from $119 last week, hence we should see small reductions at the pumps over the next couple of weeks.

Mid-term, it looks like a meaningful gradual downward path has commenced which gives hope for lower fuel costs over the coming months. 

 



mcaul
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2011-06-24 16:38:28

Further gradual drops in prices, so we'll start to see forecourt prices drop next week and again the following week. With a bit of luck, its the start of a downward trend that will see more reasonable fuel prices. - Though with tax taking 85c out of each litre, don't hold out for too much of a bargain 


kyra12
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2011-06-24 19:13:44

Applegreen clonmel cheapest in tipperary


barryof
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2011-06-28 10:15:32

Considerable drops starting to filter through now in Dublin, heading towards 145.9 for Petrol and 139.9 on Diesel. Still some stations persist with 150+ not sure how they're still doing business!


tarabuses
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2011-07-06 18:29:39

They're still doing business because some people do not look at the prices.


Driver1
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2011-07-08 10:08:24

Fuel prices look like they're going back up again.


Johnner76
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2011-07-08 12:45:14

Why would you say that Driver1?


jim1
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2011-07-08 13:27:20

Is 140.9 C  per litre for unleaded petrol the cheapest in the republic at present? Available at Garveys SuperValu Castleisland, Co. Kerry.


vickers209
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2011-07-08 16:33:03

Seen 3 garages today and price has increased since yesterday by 1c


mcaul
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2011-07-11 09:19:29

I give up on this - there's no logical reason for oil prices to be back at $118. US, UK and many european economies are struggling. China and India are cooling theirs and yet the oil price still rises. 

And to top it, the dollar has got stronger over the past few days too, so expect the currency affect to hit prices this week (currency movements feed through within 3-5 days) and a further rise next week due to the rising oil price. Its looking likely that €1.55 is the price we'll see at the end of next week. 


sobanek
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2011-07-11 15:07:32

It's quite simple - Greedy oil companies. There was supposed to be an investigation on the fuel prices but nothing has been done...


hulkie
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2011-07-12 08:04:20

Yeah greedy oil companies, but lets forget greedy governments. No doubt even with fuel prices ridiculously high they'll still see fit to add a few cent on in the next budget to cover "carbon pollution"


mcaul
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2011-07-12 08:42:20

The dollar has strengthened to $1.38 and oil prices are stubbornly high, so expect €1.47 for diesel and €1.56 for unleaded fairly quickly.

IMO, with 86c of the average 1.50 going to government, 10c to local retailer & distributor, av. 7 c to refinery and 47c going to the oil company that drills it out of the ground, you can see where an immediate drop can come from.

A reversal of the carbon tax and the 2008 duty would see 15c off the pump price overnight and would be of huge benefit to the economy. And still the govenment would be getting more than their fair share from motorists.   

 


mcaul
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2011-07-12 08:44:12

@sobanek There won't be any european investigation as its plain for all to see its government taxes that have prices so high. Here in Ireland we're in the LOWER half of prices!!!! 


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