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Fuel Price Forecast
forecast
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2012-06-04 11:01:33

As predicted here 2 weeks ago. The higher oil price trend finally broke and the only way was down. Also, as poredicted, the US dollar would continue to strengthen, knocking off some of the downward price action.

The good news is the downward treb=nd has become stronger and the US dollar / euro is stabiising, so finally we should see some decent price changes at the pumps and we predict average prices will drop to 1.58 in about 10 days with many stations below 1.55 For diesel, expecta  similar trend, but about 8c-10c below petrol prices and it quite possible we will see diesel below 1.40 by month end and petrol below 1.50.

For home heating users, hang on for further price drops - late July/early aug may be best time to fill up before the winter diesel premium from refineries kicks in. I'm hoping for a €600 / 1000 litres price.     



sobanek
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2012-06-04 12:38:56

Way too optimistic, but I'd say around €1.459 for diesel and €1.569 for petrol is what we may expect in the coming weeks.


sobanek
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2012-06-05 07:51:23

Brent at $99.55. Told ya not to get your hopes up...


nedtango
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2012-06-05 14:02:51

Fair play sobanek! You should open a betting shop, since you are so good at predicting things...


sobanek
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2012-06-06 00:34:05

Well, so far I've predicted an oil price drop, and today's weather, so maybe I will! :D


mcaul
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2012-06-06 13:44:25

Depending on how the market reacts to various bits of news, the oil price will either jump $4-$5 or drop $4-$5. - Its a 50/50 call, but at least the trend ois downwards and only a move above $93 (US oil) would see the trend line broken.

It will be raining tomorrow! :)

  


sobanek
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2012-06-06 15:45:11

Oil at $101 today... That's a large jump :/


tarabuses
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2012-06-07 13:24:40

But it is raining today!


sobanek
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2012-06-07 22:33:29

Okay, back to $99.52.

Drop baby, drop! Paid 1.475 today for diesel.


David Marshall
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2012-06-13 12:18:38

mikeecho
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2012-06-15 21:28:09

what makes you think Kero (home heating oil) 60¢/L ?

that would be a hugh drop in a short period of time !

if it does drop to 60¢/l, is it safe to store kero in an IPC ??


mcaul
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2012-06-18 11:27:57

many analysts, including credit suisse, are suggesting that a $50-$55 Price for oil is not inconceivable by end of august. if this came to fruition, we'd see €600 per 1000 litres - at the pumps this would mean €1.32 for unleaded and €1.24 for diesel


vickers209
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2012-06-20 08:33:37

At long last my local garages came under the 1.60 mark for petrol :-)

it seems the price of oil is still falling with it now at $95 per barrell and the euro strentening a little will we see bigger drops in price at pumps over next few weeks????


symurf
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2012-06-20 13:31:49

shane26
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2012-06-20 16:57:23

€1.32 sounds great and all but if oil was at $50 - 55 mark it just sounds way over priced still. are u including a stable euro at around 1.40 and not the current trading price?


connaugg
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2012-06-21 13:23:54

Brent North Sea Crude now down to $91.75 a barrel! The trend is quite definitely downwards.


connaugg
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2012-06-21 13:24:28

http://tinyurl.com/7zbfgwr


afairdeal4all
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2012-06-21 15:22:43

sobanek
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2012-06-21 19:17:04

"Way too optimistic, but I'd say around €1.459 for diesel and €1.569 for petrol is what we may expect in the coming weeks."

 

Well, it's almost the end of the month and looks like I was right yet again :P Filled up my car for €1.459 today. (Petrol was €1.559)


vickers209
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2012-06-21 21:19:59

still 9 days in month


sobanek
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2012-06-21 22:38:54

Yeah, it may go down another 3 cents. It's at $89.50 right now!


mcaul
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2012-06-22 09:46:25

I still say wec'll see plenty of garages at  1.399 and  1.499 for diesel and petrol by 30th and the current action on internatiknal markets suggests a continued falling trend in prices.


sobanek
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2012-06-22 11:19:11

Let's hope so! Wouldn't mind paying €1.399 for diesel, again.


connaugg
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2012-06-22 13:06:29

Motorists can expect to see a drop in petrol and diesel prices of between 8c to 10c per litre over the next three weeks. http://tinyurl.com/dx444t8


mcaul
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2012-06-22 18:33:24

ignore the  AA comments from today - they are based on the  1.699 price of last month. Prices are set to drop by a further 4-5c over the coming 10-12 days though


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