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small rises on the way
forecast
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2011-09-14 08:20:14

Many will ahve seen the dollar/euro go from $1.45 to $1.37 in the past couple of weeks. This will feed into pump prices this week as fuel is paid for upon delivery at port, so currency swings only take 3-5 days to feed into pumps.

On the oil market, Brent has dropped a little to $110 so the overall change will be a small increase of about 2c at the pumps and then steady towards the end of the month.  



tarabuses
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2011-09-14 17:36:03

Do we only have 3 - 5 days supply in stock?


mcaul
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2011-09-15 08:32:08

@tarabuses - there's a reserve 60-90 days oil in whitegate and other places. But refined oil like many other things is only paid for when its delivered to the customer but the price is agreed before it leaves the refinery. As its paid for in dollars, the currency changes can affect pump prices very quickly. 


1world
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2011-09-15 10:27:19

BUY NOW!! price increase is coming just in time for the busy season,,,know your game, be wise!!


tarabuses
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2011-09-15 13:50:17

My question relatesd to refined oil in the ports.  I thought there would be more than 3-5 days stock there.


kelly
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2011-09-15 22:42:46

Is the whitechurch road station in Rathfarnham open or closed?


shane26
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2011-09-16 10:23:24

god we are going to get crippled at the pumps very soon the way things are going. brent hitting $114 at the moment mixed with the currency rates, i reckon we will see the 158.9 very soon again.

the gov. needs to step up and help people out. 

small bussniess are going to be really effected by all this.


mcaul
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2011-09-16 12:39:47

@Kelly - wasn't one of the raided stations based in Rathfarnham and there were Gardai at that station that day too!

@shane $114 + $1.38 dollar will see price about €1.55 unleaded €1.46 diesel. - Would be nice if there was even temp reduction in duty.

 


hulkie
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2011-09-16 14:17:01

Duty reduction??? You must be joking they gearing up to slap another load of carbon duty. Im all for global warming my house is 3 miles from the sea, by the time i retire i should have beach front lol


shane26
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2011-09-17 12:42:19

lol hulkie, gobal warming i think might be a bit of a joke though, coolest summer in decades and there still trying to sell this idea to us. ah well no point in moaning about it as its here now.

as for my comment on the €158.9 i meant it will be hear soon, winter looks to be kicking in early this year according to world wide met chiefs so it will push prices up again very soon.

it suxs


mcaul
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2011-09-19 08:05:03

In reality the only solution is when buying a car is to look for the highest MPG possible. - Currently BMW 3 series @ 68mpg, closely followed by 520D - and its higher on long journeys. 

 

as for Tarbusses - the reserves are there, but cannot be used except in an emergency. 


tarabuses
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2011-09-24 15:27:37

I'm surprised that there has been no comment on the petrol price reductions over the last few days.


sobanek
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2011-09-25 12:33:37

It depends on the area I think since my local station prices went up.


vickers209
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2011-09-25 15:43:07

No Change Around Wicklow Area Either

 


tarabuses
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2011-09-25 17:30:20

Interesting, and I know there is no consistency about price movements, but why should it depend on the area?


mcaul
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2011-09-27 08:15:46

Prices are within a fairly tight range. Dollar strengthens and prices drop in tandem. Dollar weakens, price goes up in tandem.

Until something major breaks, the pump prices will stay within 2c / 3c of where they are. WE may find diesel prices rising a little due to seasonal demands.


vickers209
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2011-09-30 22:33:14

Oil seems to be falling again $102 there this evening but will prob be short lived like other decreases over past few months


mcaul
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2011-10-03 08:27:41

Hi Vickers - Oil is falling, but the dollar is strengthening too. The dollar is now at $1.33 / €1. A few weeks ago that was $1.45 / €1.

Still, we'll see small drops in pump prices with average unleaded dropping to 1.49 and diesel to 1.41 


goingpostal
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2011-10-04 16:43:37

I love my bike. My Honda Civic is gathering dust!!


Jd.4000
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2011-10-07 01:54:32

Theres a TOPAZ in Drogheda selling petrol at 145.9. FILL U FILL UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


mcaul
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2011-10-12 18:25:40

Here's an interesting short article that packs itself with good info.

Brent vs. WTI Crude: Brent is a lighter, sweeter crude taken from overseas and refined relatively cheaply. West Texas Intermediate (WTI) is low-quality crude, created and refined at a higher cost in the U.S. Brent and WTI are supposed to trade in lockstep, a relationship which has been flagging lately. Ross says to pay more attention to Brent, as opposed to the WTI quote dominating the headlines. WTI is "noisy" for a ton of fairly wonky, but real reasons. Brent is the real proxy for growth and the level to watch is $100. Below there and the crude downtrend is in full effect.

 


tarabuses
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2011-10-14 13:27:49

The whole pricing situation is now very confusing with some stations increasing and others decreasing on the same day!


Danno
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2011-10-15 20:44:33

I am trying to hold out on purchasing a fill of oil in the hope of lower prices. At over €800 per 1,000 litres it's just not worth it. Soon though the game will be up as the weather looks like turning colder next week. Will the lower oil prices of last weekend ($100~ per barrel) feed into the system or was the drop too short lived?


coc
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2011-10-17 20:52:38

I'm like you Danno, watching the price of oil all summer.  Will soon have to bite the bullet as the heating is now back on as of tonight, and I'm running on fumes.  Oil has fallen a good bit in the last month, but sadly for us, so has the euro.  End result?  Kerosene prices haven't really changed in months, depsite the collapse in oil prices.  I think I'll buy half a tank and hope the dollar collapses before that runs out.


mcaul
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2011-10-17 22:16:18

I watched carefully myself but kero & diesel refinery costs rise in the winter anyway so this ate away any small drop in oil prices. €410 for 500 litres is what I got - most suppliers are only putting a €10 premium on a 500 litre delivery.

It was at €880 earlier in the summer - small mercies and all that.

The near $100 price was all too short lived and price is back at $113, so expect a small rise next week.

 


Danno
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2011-10-18 10:21:57

Thanks lads, I take it from the air of your replies that there will be no saving from the recent market moves to the end consumer.


shane26
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2011-10-18 13:45:12

i still dont understand this arguement of if oil prices are low for  a day or 2 it wont filter through to every1, if the oil is taken by the refinerys at that price then pump prices have to come down, as we all know and evey1 says it as soon as oil spikes in the open market we get hit even when the refinerys havent taken a shippment, greedy pumps i reckon.

anyway a more pressing issue for every1 now is that econmics experts are now saying within a couple of months and maybe even before xmas the euro and the dollar could hit paraty $1 = €1 now thats a major concern, we will be murdered at the pumps could be in the region of €1.70 for a litre of petrol.

iran had a great idea of forming a new style opec which would have traded in euros but the us jumped in so it wont happen.

so anyway i will stop scaring eveyone now,

p.s 

government are planning a 5c a litre increase on diesel, got this from a good source but hope he is wrong.

later


mcaul
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2011-10-20 22:11:06

shane26 - NEVER believe economists. $/€ parity won't happen unless there is some major force of change in world markets. It would shoot up inflation, shoot up interest rates and economies would be in ruin.

They said it would go to $1.10 last year and instead it went to $1.50.

Also if you click on prices explained at the top of the page, you'll find that only 55c of the €1.50 you are paying is the actual raw oil price - everything else is either other costs (refining, transporting, cost of fuel staions, staffing etc). If oil was $1 a barrel, we'd still pay 95c / litre at the pump. 


kelly
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2011-10-21 15:30:01

Anyone know anything about sagart fuels?


Danno
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2011-10-26 11:13:41

Shane, are you serious about 5c/l increase for Decembers budget? That will kill the country. Anyone in a min-wage job who has to drive to work would be better off on the dole.


robert muldoon
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2011-10-29 12:28:40

143.99 in Newbridge today

I have noticed a couple of things lately

First of all the margin betwwen texan and Brent have narrowed considerably about 16 dollars as against 26 dollors, Is libya supply having an effect,they say about 350000 a day being pumped out and hopefully reach 600000 by year end also eoro/dollar more favourable


vickers209
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2011-10-29 16:53:53

Petrol seems to be falling and diesel going up petrol down at 146 and seen diesel 147 around wicklow area


shane26
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2011-11-14 18:43:00

ok as i was saying before its a deffo on the carbon increase, but there is talk about a seperate higher rate for hgvs, this was heared in leo vadradkar office the other day again by the same source that told me about the carvon increase.

hope its all waffle but sound a cert.

 


curraghfen
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2011-12-15 20:48:38

Brent today at 3.41 stood at $103. 62, as the dollar increases oil will decrease as US demand will slow


curraghfen
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2011-12-15 21:01:37

interesting to compare Topaz prices Carlow €1.44.9, Newbridge €.47.9 Bunclody €1.53.9 per litre

begs the question is the supplier robbing the petrol station or the petrol station robbing the motorist, no logic to this, other than greed somewhere. The rip off is not dead yet, imagine a 40.5 cent difference charged by the same company less han 20 miles apart.


curraghfen
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2011-12-15 21:03:18

previous post Should read €.47 newbridge

The 40.5 cent applies to a gallon


curraghfen
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2011-12-15 21:04:14

Something taking the one out of Newbridge should read €.47


curraghfen
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2011-12-15 21:04:46

 I give up


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