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.