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2011-12-03 17:20:23

Prices still relatively stable. Difference between Brent & WTI (US) oil is down to $10 (was at $25), so forecasting prices is a little easier. US prices seem to have difficulty at the $100 level which bodes well for continued stability in prices.

The weakening of the euro though is feeding into pumps with small rises of 1c - 2c noticeable. Expect average price for both diesel & unleaded to be about 1.48 - 1.50.

It will be interesting to see whether the budget adds anything to fuel - personally I don't think it will as it will increase use of washed fuel and the 2% vat increase will add 3c per litre anyway.



RenP
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2011-12-06 20:43:58

As per rte.ie the additional carbon tax is  1.4cpl for petrol and 1.6cpl for diesel.

This starts from midnight. I hope the VAT increase is from January.

But, its almost sure that a few pumps will incerese the price of automotive fuesl by 4 to 8 cents tomorrwow and It may gradually normalize in  couple of weeks.

What are your thoughts?


RenP
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2011-12-06 20:47:52

sorry fir the typos.. Here is the correct one...

____________

As per rte.ie the additional carbon tax is 1.4cpl for petrol and 1.6cpl for diesel.

This starts from midnight. I hope the VAT increase is from January.

But, its almost sure that a few pumps will increase the price of automotive fuels by 4 to 8 cents tomorrow and It may gradually normalize in couple of weeks.

What are your thoughts?

 


sobanek
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2011-12-06 22:01:14

And the EU discount on the carbon tax for diesel is gone in 2012 as well. It's going to be more expensive...

My predictions are:
Unleaded 149.9
Diesel 154.9


whiston31
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2011-12-07 02:14:54

THIS IS WAY YOU ARE PAYING TO MUCH IN FUEL CHECK THIS OUT

 

MY OIL & GAS - Ireland and Norway
www.youtube.com
http://myoilandgas.org/ Why would Ireland give away its natural resources? Perhaps the good people of Norway have something helpful to say...

mcaul
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2011-12-17 17:51:43

Watch for some price increases next week due to the 4c drop in Euro. My guess is about 2 c jump.


tarabuses
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2012-01-01 18:20:51

I see that many filling stations have left their prices unchanged today.


mcaul
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2012-01-02 09:27:36

I'd say it more a case of the person who changes the price was not around as vat is on the retail sale. It should have applied on the stroke of midnight as every sale after that has to have 23% vat applied no matter when the fuel was delivered to the station.  


vickers209
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2012-01-02 11:57:28

Applegreen have posters up saying no vat increase here for limited time only!! noticed a difference of 9 Cent Per litre of petrol today beteen garages Applegreen in rathnew 147.8 and the 2 garages in kilmac 156.9


tarabuses
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2012-01-02 18:46:14

Yes, some Applegreen have not increased prices but there are others too. 


nedtango
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2012-01-03 11:09:53

Applegreen station near me increased both pertol and diesel on Saturday by one cent to 147.8 and then didn't add on the VAT increase. This may indicate they are not being as honest as it seems with the no VAT increase....


sobanek
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2012-01-07 19:39:14

Can anyone enlighten me about the prices going up? Brent's been stable for the last couple of weeks and as far as I know the VAT went up by 2%, not 10. And if I'm also correct, it happened over a fucking week ago!


tarabuses
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2012-01-08 19:00:52

The Euro has been falling against the US$.


sobanek
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2012-01-08 23:18:44

http://www.youtube.com/watch?v=ZOmp3HpAGgM


shane26
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2012-01-11 14:27:02

euro still dropping, prices still going up, we need the gov. to take action and lower there tax take on the fuel.

most big shops at the moment saying there not going to pass on the vat increase but they will have to increase there prices anyway from deleivery prices going up.

brent only falling ever so slighty. i'd hate to see what we would be payng if it hit the 150 mark per barrel again and with the isreal iran thing going on at the moment who knows.

aaarrrgggghhhh so sick of paying to much at the pumps. topaz in my own  town has gone up 5 times in 7 days.

also why if cork is so close to the refineries are they paying more for their feul when they havent got to pay as much for the deleiveries.????

strange.

me just venting


tarabuses
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2012-01-12 08:13:16

Yes, this week has seen some serious increases.


kelly
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2012-01-12 16:48:47

Prices rising daily when will it stop?

 


shane26
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2012-01-12 19:47:24

again today another increase wtf? 

is there any groups out there that can lobby the gov. into a possible decrease in there crazy feul tax.

as in the youtube link above we should be hitting the oil and gas companies.

i can see over the next few weeks more truck drivers on the dole,

more mechanics on the dole, people are been forced not to get cars serviced.

its all just crazy :(



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2012-01-13 02:03:22

Very surprised to see petrol at 157.9 in Topaz today... I filled my car up only a month or so ago at 145.9 and still have about 80% of the tank left... gonna have to make it last at the rate the bloody price is increasing!


bigc
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2012-01-13 08:31:54

The only real way to reduce the cost of diesel and unleaded at the moment is to get the government to reduce the duty levels it takes. On the total cost of fuel (I'm including VAT as well) the government take approx 70%. The Oil companies take approx 20% and the rest is divided between transport costs, distributors and the garages.


tarabuses
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2012-01-13 10:51:44

Much as I would agree with the sentiments expressed I cannot see any reduction in duty levels with the Troica back in town. 


shane26
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2012-01-13 17:14:49

oil is now at a 3 week low, great news, well not really because now the euro has dropped again trading at $1.266.

will we ever get a break.

i emailed minister rabbitt today voicing cocerns about job losses due to high fuel prices along with 1k signatures also pasted link to this site asking him to visit and listen to people concerns.

also sent the same to enda kenny.


shane26
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2012-01-13 22:18:38

got my reply...what a joke


Dear Mr. Delaney

The Taoiseach, Mr. Enda Kenny T.D., has asked me to refer to your recent
email.

The Taoiseach has carefully noted the issues you have raised and he
appreciates you taking the time and trouble to share your views with him.

The Taoiseach has asked me to pass on his best wishes to you.




Yours sincerely,

David King
Assistant Private Secretary
to the Taoiseach

Telephone:  01-6194020
E-mail:        privateoffice@taoiseach.gov.ie


coc
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2012-01-16 11:42:27

In fairness, what were you expecting?  This?

Dear Mr. Delaney

The Taoiseach, Mr. Enda Kenny T.D., has asked me to refer to your recent
email.

The Taoiseach has carefully noted the issues you have raised and he
appreciates you taking the time and trouble to share your views with him. He is amazed to learn from perusing pumps.ie that the price of fuel is such a cause for concern but wonders does your driver not pay for the petrol or diesel anyway?  So why are you moaning about it? 

The Taoiseach has asked me to pass on his best wishes to you.



Yours sincerely,

David King
Assistant Private Secretary
to the Taoiseach

 

PS: Up Mayo!

 

Telephone:  01-6194020
E-mail:        privateoffice@taoiseach.gov.ie


mcaul
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2012-01-16 21:11:23

Apologies - haven't been as regular on the forum as I'd like to be and hop to do a indepth forecast in next day or so.

Tax, tax tax & currenciy movements are really the only reason for the recent price changes as the oil price itself has been quite stable and with the odd eshort exception, hasn't really moved out of a 5% deviant from $110 for several months now - that is as stable as it has been for many years.

Only problem is Enda & co's carbon tax which added almost 2c to diesel & just over 1.5c to petrol, then the 2% vat increase which added near 3c to the price and then the drop in the dollar from a stableish $1.40 to 1.26 has added about 7c to the price - add it all up and you have 11c - 12c move in pump prices even though the raw material cost has stayed almost the same throughout the past 6 months and looks to continue to stay within its current range in the near term. 

What can be done about it? - Nothing really. Except cut unneccessary journeys, drive easier and if possible look to changing cars and have mpg / litres per 100km as your top priority. 60+mpg is available in quite a few models across the price spectrum and may make financial sense for heavy users to change their wheels.


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