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Brent Crude drops below $67pb

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  • 16-10-2008 4:58pm
    #1
    Marcus.Aurelius
    Registered Users Posts: 2,314 ✭✭✭


    At this rate the petrol/diesel prices should fall well below 90c/l within the next three months or so.

    I wonder if the suppliers will pass on the saving? :rolleyes:


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    #2
    towel401
    Closed Accounts Posts: 2,917 ✭✭✭towel401


    Joker wrote: »
    At this rate the petrol/diesel prices should fall well below 80c/l within the next three months or so.

    I wonder if the suppliers will pass on the saving? :rolleyes:

    no. with the greens in power they will make sure the price of petrol only goes up.

    its a mortal sin to drive a car these days... at least from their pov it is


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    #3
    Marcus.Aurelius
    Registered Users Posts: 2,314 ✭✭✭Marcus.Aurelius


    towel401 wrote: »
    no. with the greens in power they will make sure the price of petrol only goes up.

    its a mortal sin to drive a car these days... at least from their pov it is

    I made a mistake in the earlier post, just corrected it. At 67 pb it should cost 90c/l petrol and 85c/l diesel.


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    #4
    robbie99
    Registered Users Posts: 1,261 ✭✭✭robbie99


    Oil $147 to $67 in three months. At this rate we'll have free oil within another three months :D


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    #5
    Cionád
    Registered Users Posts: 2,000 ✭✭✭Cionád


    Just drove by Tesco, charging 124.9 for diesel and 126.9 for petrol. I've never seen the forecourt so empty!

    Brent now at $65.73 per barrel :)


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    #6
    towel401
    Closed Accounts Posts: 2,917 ✭✭✭towel401


    123.something over here in culchie land.
    ****ing greens will use this as an excuse to increase tax even more


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    #7
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    God knows it gives the government more scope than they could have forseen, but they also know that if the price stays too high they will loose trade to NI and there will be an increase in smuggling but this time in the "wrong" direction.

    Mike


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    #8
    robbie99
    Registered Users Posts: 1,261 ✭✭✭robbie99


    v2-cnnmoney-chart1.mkw.jpg


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    #9
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    David Horgan of Petrel Resources said earlier this year that the price was a speculative bubble and that it would be 80 dollars by years end. I have to say I didn't belive him at the time. But he is in the buisness :)

    Mike


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    #10
    robbie99
    Registered Users Posts: 1,261 ✭✭✭robbie99


    I remember the consensus being that oil would hit $200 by end of year and I also remember some Russian minister stating around the time of a G8 summit that oil would keep climbing to $500 :eek:.


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    #11
    Tabnabs
    Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,721 Mod ✭✭✭✭Tabnabs


    Petrol still being advertised at pre budget 119.9 at Texaco on Newtownpark Ave in south Dublin, 126.9 down in Dun Laoghaire. :rolleyes:


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    #12
    Marcus.Aurelius
    Registered Users Posts: 2,314 ✭✭✭Marcus.Aurelius


    I filled up last night at the Texaco on the N4 lucan bypass for 116.9 diesel, I think the petrol was at 118.9. I haven't been past it today so I don't know if that's still the case.


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    #13
    Darwin
    Registered Users Posts: 2,671 ✭✭✭Darwin


    robbie99 wrote: »
    Oil $147 to $67 in three months. At this rate we'll have free oil within another three months :D

    More likely it will be back up to $147 again after Opec decide to slash production at their November meeting.


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    #14
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    They will want to "stabilise" prices thats true, and winter heating demand in North America should put a floor under the price anyway.

    Mike


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