Pumps.ie
    Login with Facebook Login With Pumps.ie
April Forecast
forecast
User Icon
Price updates: 0
Station Photos: 0
Forum Posts: 0
2011-03-31 08:58:55

Very little change in the market. Oil prices steady but high and until there's a resolution of Libiya and market is sure other gulf states won't kick off, prices will remain close to these levels with average for petrol at 1.53 and diesel dropping a little due to seasonal factors to 1.43

My guess is there's also a little cross subsidisation on prices as refinery+duty prices suggest that there should be approx 11c incl vat difference between petrol & diesel however at the pumps its less than 4c in most cases, but petrol is 3 / 4 c below best estimates and diesel is 3 / 4 c above. With a near 50/50 split in the use of each fuel, it evens out the price.

 

 



mcaul
User Icon
Price updates: 1123
Station Photos: 0
Forum Posts: 319
2011-04-08 16:36:21

Brent has moved past $125, but the Euro racing past $1.44 has dampened the effects. Still, expect Petrol to move to €1.53 this weekend and possibly another couple of cent in 2 weeks if oil prices stay the same. Diesel will head to about €1.47.

On an exchange rate basis, if you compare the 2008 brent oil peak of €144, with exchange rate of $1.60, the brent price is now just $6 off this peak based on current $1.44 exchage rate.

Scary thoughts! 


Please log in if you would like to post a comment about this article. Or click here to register for your free pumps.ie account
Member Login
Username :
Password :
Remember me!
Like us!

Average Prices
Petrol: 155.9c
Diesel: 149.9c
View more statistics

Top Updaters
This week's top price updaters are:
  1. Mal (256)
  2. maxpower7 (202)
  3. richiek (150)
  4. fueleffect (132)
  5. jamesf (112)
  6. eljay (67)
  7. Aygo (50)
  8. creaghp (47)
  9. gezza3000 (46)
  10. emac (45)
More leaderboards

Google Ads