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Petrol Price drop soon ?

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  • 06-12-2007 2:52pm
    #1
    Duiske
    Registered Users Posts: 3,087 ✭✭✭


    I notice the price of oil has dropped by roughly 13.5% over the past week.
    As prices at the forecourt seem to shoot up at the mere sniff of an oil price increase, can we assume that we are now in line for a price drop ?


Comments

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    #2
    optiplexgx270
    Registered Users Posts: 2,497 ✭✭✭optiplexgx270


    They like to wait a few weeks claiming they are selling the "expensive" stuff they just bought a few weeks back.

    Certainly not like that when the price rises the change is immediate.


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    #3
    bazz26
    Registered Users Posts: 51,239 ✭✭✭✭bazz26


    Generally the fuel that forecourts purchase can come from stock sitting in a storage distribution depot that was produced weeks before hand. So the fuel may not have been produced/refined at the exact time of the current market price of oil.


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    #4
    optiplexgx270
    Registered Users Posts: 2,497 ✭✭✭optiplexgx270


    True as i said above but when the price goes up the effect is immediate, not so when the price goes down.


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    #5
    testicle
    Closed Accounts Posts: 5,430 ✭✭✭testicle


    Statoil's Benchmark card price dropped to 113 today


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    #6
    Tipsy Mac
    Closed Accounts Posts: 2,559 ✭✭✭Tipsy Mac


    The dollar has rose too against the euro recently so that needs to be taken into account too.


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    #7
    JHMEG
    Closed Accounts Posts: 7,686 ✭✭✭JHMEG


    testicle wrote: »
    Statoil's Benchmark card price dropped to 113 today
    113.92 (which is really 114) down from 116.6.


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    #8
    tuxy
    Closed Accounts Posts: 14,983 ✭✭✭✭tuxy


    testicle wrote: »
    Statoil's Benchmark card price dropped to 113 today

    That's excelent, I wish there was a statoil in my town. :(


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    #9
    testicle
    Closed Accounts Posts: 5,430 ✭✭✭testicle


    tuxy wrote: »
    That's excelent, I wish there was a statoil in my town. :(

    I understand they work in Shell now also.


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    #10
    tuxy
    Closed Accounts Posts: 14,983 ✭✭✭✭tuxy


    I don't think so.
    http://www.motorcard.ie/list.htm
    Or maybe they are slow to update the site.


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    #11
    ninty9er
    Registered Users Posts: 9,366 ✭✭✭ninty9er


    JHMEG wrote: »
    113.92 (which is really 114) down from 116.6.

    116.6 was crap...the Shell where I top up has been at 116.9 headline price for about 3 weeks...Apple Green also but at 112.9 for the first €30 with a car wash.


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