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Crude Oil drops below $127
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23-07-2008 12:46pm#1
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Yea, I've been keeping an eye on the barrel price dropping. Last week was the largest weekly fall ever, down 16 dollars. Down 4 more since the weekend.
Local Tesco down to 137.9, Esso to 138.9 for diesel, from 139.9 and 140.9 respectively.
Try to update this site if ya's can: http://www.pumps.ie/0 -
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.1c a litre - wow - big move!!
I know, its typical, they are quick to increase, but when it comes to decreasing, theres a lag :rolleyes:
...
Hopefully, the weather will stay good in Amercia and the Middle East will quiet fighting with each other, which should reduce the price further still or at least stabilise it.
Hurricane season is just beginning
Middle east not as volatile
Fingers crossed that Russia drills some new oil wells and the Saudi's produce more barrels per day (am not in favour of this last point though).
How about crackin' those Shell2Sea heads and start drilling ourselves
Read an article in National Geographic, the supply has pretty much stabilized since 2005(consumption = new discoveries), so it would be great if someone found a bonanza - which is unlikely tbh 0 -
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As far as I can remember, when the price hit an all time high ($147 a barel) the prices went up to what they are today. €1.46.9 p/l diesel €1.3 something for petrol.
They didn't come down in Cork as far as I can see. Maybe soon......yeah right!
It still varied a lot throughout the country. The most I've paid for diesel this year is 139.9. (Kildare)
The diesel price ballooned in May. In April the price was 119.9, on the 4th May it was 122.9. By the 20th May it was 136.9. [ from my receipts ] 0 -
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If you watched the diesel price in the last few weeks you would have seen the price track the stock market price exactly on each day less 4c.
To explain, barrel at 147 dollars then diesel was 1.43 Euro. Obviously my local garage owner knows a few arabs and is buying directly plus shipping it to his tanks overnight.
Now that the barrel hit 127 dollars I expected a drop at the pump but that has not happened. As the hurricane off the US coast approches and investors push the price back up, I expect to see the price at the pump climb again and reach parity with the price of the barrel.
Although this comment will draw out all the people claiming "cost of buisness here is high", I say this without remorse.....Ireland is a ripoff.0 -
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Shhhhhh!!.......
Don't tell anyone...... I'm gonna go down on you....
...And you're gonna love it...........
........But it's only going to be long enough to let you start enjoying it........
....Then I'm gonna come back up again and screw you big time.....
Lots of love,
Petrol prices xx
While I see where you are going with this I wonder what the mods think. 0 -
Shhhhhh!!.......
Don't tell anyone...... I'm gonna go down on you....
...And you're gonna love it...........
........But it's only going to be long enough to let you start enjoying it........
....Then I'm gonna come back up again and screw you big time.....
Lots of love,
Petrol prices xx
That's hilarious!!
(and true) 0 -
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Yeah, our prices of ~$3.80/usgal are nothing to be concerned with, charles. Even if I was paying $7.72 (I came to the exact same number You have passed my maths exam) a gallon, I wouldn't be terribly upset.
I'd probably want something that gets more than 26mpusg, but I wouldn't be terribly upset.0 -
Yeah, our prices of ~$3.80/usgal are nothing to be concerned with, charles. Even if I was paying $7.72 (I came to the exact same number You have passed my maths exam) a gallon, I wouldn't be terribly upset.
I'd probably want something that gets more than 26mpusg, but I wouldn't be terribly upset.
Perhaps for you, but for me paying an extra $.50 or $1 a gallon has a real effect on my wallet. I realize that people who have the money think nothing of paying a few dollars more and continue to drive their gas guzzling cars, which is part of the reason our highways are filled with large cars that get less than 18 miles per gallon.
From your post you indicated that it would take an additional 100% increase in gas prices to get you to even consider changing your driving habits and I see this is part of the problem.
In regards to the price difference, they pay a lot more in taxes than we do, and there are other factors that should be considered, so I don't think a straight comparison is really fair. In many ways though the types of cars used, driving habits, and public transportation system of those overseas helps to illustrate the way that a higher gas price has affected the way people drive.
As long as people have the attitude that "I can afford it so who cares" or "doesn't effect me, let me go fill up my hummer", we in the US will have a long time until we catch up with our friends across the pond.0 -
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