Price of petrol megathread

skelliser

70% of a litre of petrol goes is tax.

expect a litre of petrol to cost 2euro plus by years end.

skelliser

skelliser wrote: »

70% of a litre of petrol goes is tax.

expect a litre of petrol to cost 2euro plus by years end.

For petrol to exceed €2 a litre, expect Brent oil to exceed $220 a barrel first.

http://www.bloomberg.com/news/2012-02-29/global-fuel-demand-outside-iran-outstrips-supply-u-s-says-1-.html

Excluding Iran from the global oil market would increase the shortfall between worldwide supply and demand sixfold, based on February production and consumption estimates, the U.S. Energy Department said.

Global fuel use averaged 3 million barrels a day more than output when Iran is excluded from the calculations and 500,000 more when Iran is included, the department’s Energy Information Administration said in a report yesterday.

We're using it up quicker than we're getting it out of the ground!

gbee

jackdock88 wrote: »

The price of petrol in terms of silver has actually fallen in the past ten years

Silver is resuable, and in fact in some processes silver is a by-product and somewhat renewable despite a finite stock level. The Silver and Gold that you might have on your hand could have been part of an ancient Aztec ornament.

The fuel is a use once product and is not a safe investment. If your vault of silver is nuked you can [theoretically] recover the silver, not so your oil reserves.

Dubit10

Makes me laugh when i hear people moaning about the price of petrol/diesel. You folks do realise it is form of energy that we are running out of and the price will never drop but will rise at a constant level until the human race makes a genuine effort to solve the energy crisis.

That said i do feel sorry for people who have bought houses out in the sticks and have to drive hundreds of miles a week just to go to work. I think they will have many many years of heartbreak regarding prices as many are stuck in negative equity land and will never sell their home.

gbee

Dubit10 wrote: »

Makes me laugh when i hear people moaning about the price of petrol/diesel.

It's not funny ha, ha, it's ironic because our dependence on oil was more or less forced on us by government and industry forces, governments seeing revenue coming in many streams, not least the manufacture of a product that would draw billions and sales tax on those products drawing even more billions and then a constant flow of capitol as people actually used those products.

The US petrodollar is the key, untill they can force every one to buy their nuclear energy in dollars, we'll never have viable alternatives.

Alternatives have existed since the early 1970's any R&D in any university campus in any part of the world could tell you how projects were shut down for a various reasons.

Cantona's Collars

gbee wrote: »

It's not funny ha, ha, it's ironic because our dependence on oil was more or less forced on us by government and industry forces, governments seeing revenue coming in many streams, not least the manufacture of a product that would draw billions and sales tax on those products drawing even more billions and then a constant flow of capitol as people actually used those products.

The US petrodollar is the key, untill they can force every one to buy their nuclear energy in dollars, we'll never have viable alternatives.

Alternatives have existed since the early 1970's any R&D in any university campus in any part of the world could tell you how projects were shut down for a various reasons.

Too many vested interests are making too much money from oil to allow a swift change to alternative fuel sources.Brazil seems to be the only one to use alternative fuel on a major scale but the drawback is damage to the environment by the farming methods used in the production of the oil.

The world is full of so called inventions that can replace oil, so far none have been proven to work in the real world.

There is no conspiracy, just lack of realistic alternatives, people cling on to this notian that oil will eventually be replaced by something better, but it won't!

We'll just have to adapt to that fact, in the meantime, there's no harm in trying to find the alternative energy source, just don't hold your breath!

shedweller

zerks wrote: »

gbee wrote: »

Too many vested interests are making too much money from oil to allow a swift change to alternative fuel sources.Brazil seems to be the only one to use alternative fuel on a major scale but the drawback is damage to the environment by the farming methods used in the production of the oil.

I read somewhere that argentina uses something like 3% of their arable land for 90% or so of their fuel requirement. They use sugar cane instead of corn as it yields way more ethanol per acre.

Could something like that work here? Getting sugar cane to grow here may be tricky.

Bullseye1

You have to wonder if that 70% take the government (and similar percentage in other countries) is a major reason why no new source of running a car has not been found.

Cantona's Collars

shedweller wrote: »

zerks wrote: »

I read somewhere that argentina uses something like 3% of their arable land for 90% or so of their fuel requirement. They use sugar cane instead of corn as it yields way more ethanol per acre.

Could something like that work here? Getting sugar cane to grow here may be tricky.

Rape seed oil can be used as fuel but uptake has been slow,afaik one of the main producers in Wexford closed down because of it,I'd say it'll become more popular as the price of traditional fuel keeps rising.

shedweller

shedweller wrote: »

I read somewhere that argentina uses something like 3% of their arable land for 90% or so of their fuel requirement. They use sugar cane instead of corn as it yields way more ethanol per acre.

Could something like that work here? Getting sugar cane to grow here may be tricky.

I think that you're referring to Brazil and those figures only work because there is plenty of space to grow the stuff, one of the reasons that the Amazon forests are disappearing!

Ireland used to have a sugar beet industry until about a few years ago, so it's possible to grow sugar here.

rossie1977

Deleted User wrote: »

For petrol to exceed €2 a litre, expect Brent oil to exceed $220 a barrel first.

hmm i dunno about that, again like i said the other day i was in tenerife last week and there prices are under a euro in many places, i saw unleaded available for 92.5c a litre in san isidro a town just past the airport

this is spain, this is a country in just as bad a situation as us and they too are in the euro and as far as i know not a major producer or supplier of oil

we are getting raped blind by taxes here (not just on petrol btw)

DanWall

40 years ago people did not have cars and life went on, we now build houses out in the sticks away from bus routes and a car is a must.
We have so many fields/grassland in Ireland doing nothing, why is it we are not producing Bio fuel?

An Ri rua

Are people born on 1st April i.e. April Fool's Day more likely to be more foolish than the rest of us?

I think I'm spotting a micro-trend on Boards.

Chuck Stone

Deleted User wrote: »

The world is full of so called inventions that can replace oil, so far none have been proven to work in the real world.

I think it should be noted that the oil industry is over one hundred years old and resources have been used in such a way as they have facilitated the development of oil powered technology.

The public building of roads and the funding of the military/security that keeps the oil flowing is essentially a public subsidy to the oil and associated auto manufacturing industries.

The US interstate and the German Autobahns were built before there were enough cars to truly justify their construction. They were in effect socialist, government driven and owned ventures that the auto industry and thus oil business benefited from.

The Interstate Highway System had been lobbied for by major U.S. automobile manufacturers and championed by President Dwight D. Eisenhower, who was influenced by his experiences as a young Army officer crossing the country in the 1919 Army Convoy on the Lincoln Highway, the first road across America.

http://en.wikipedia.org/wiki/Interstate_Highway_System

Chuck Stone

Chuck Stone wrote: »

I think it should be noted that the oil industry is over one hundred years old and resources have been used in such a way as they have facilitated the development of oil powered technology.

The public building of roads and the funding of the military/security that keeps the oil flowing is essentially a public subsidy to the oil and associated auto manufacturing industries.

The US interstate and the German Autobahns were built before there were enough cars to truly justify their construction. They were in effect socialist, government driven and owned ventures that the auto industry and thus oil business benefited from.

Yes I don't dispute that, but the fact is that oil used to be cheap and plentiful, it isn't anymore.

The rules have changed, people need to adapt to these changes before it's too late!

gbee

Deleted User wrote: »

people need to adapt to these changes before it's too late!

People can't do it. People use the technology they are given, at one time it was solely the horse, and then coal and then steam, all three existed together for a while but diesel was pushed forward as the 'cleaner' alternative to the back breaking labour etc, etc, you've heard it all before already.

gbee

gbee wrote: »

People can't do it. People use the technology they are given, at one time it was solely the horse, and then coal and then steam, all three existed together for a while but diesel was pushed forward as the 'cleaner' alternative to the back breaking labour etc, etc, you've heard it all before already.

Yes, people won't do it, until there is no alternative, but we're about a century away from there being insufficient oil for anyone at all.

In the meantime, the amount that each person will have access to is declining, that is the change that people will need to get to grips with soon.

Increased vehicle efficiency will only go so far, then for many it wil be shared/public transport or no transport at all.

It will be like the 1950s again where many "average industrial wage" workers had (motor)bikes, the managers had cars as they could affort to fill them up!

stevenf17

€1.66 at Topaz in Bray this eveing! up from €1.64 :eek:
Wouldn't be at all suprised if we see €1.70 by the end of the month!

arybvtcw0eolkf

stevenf17 wrote: »

€1.66 at Topaz in Bray this eveing! up from €1.64 :eek:
Wouldn't be at all suprised if we see €1.70 by the end of the month!

Topaz are a right shower of over priced robbing whore masters.

I NEVER use them.

stevenf17

Mohammad Helpless City wrote: »

Topaz are a right shower of over priced robbing whore masters.

I NEVER use them.

Either do I, but when one goes up they will nearly all eventually follow suit!

Plenty of scope for more rises in the near future.
Petrol prices usually lag crude oil prices by about six weeks, and that's without taking into account the dollar?Euro exchange rate.

Cantona's Collars

Deleted User wrote: »

Plenty of scope for more rises in the near future.
Petrol prices usually lag crude oil prices by about six weeks, and that's without taking into account the dollar?Euro exchange rate.

Only when the price falls,the rises are tacked on immediately at the pumps.

zerks

zerks wrote: »

Only when the price falls,the rises are tacked on immediately at the pumps.

Only tax rises, not crude oil prices (some exceptions of course (Greedy bastards!)) the time lag is often invisible as the price is now always rising!

Mickey H

Just seen 165.9 in Galway earlier. 1.59.9 for Diesel. :eek::eek:

gbee

Deleted User wrote: »

or no transport at all.

There is always the horse. They have not gone away and there is no reason to believe they could not come back in numbers to 'power' our world like they did for thousands of years ~ if you can grow it's food, you're laughing.

There is no need whatsoever to worry about energy, we have more energy available that will still be there, even after the planet is gone.

I'm with Clarkson on this, fill up, use it up and have fun, when it's gone we'll use something else.

44leto

gbee wrote: »

There is always the horse. They have not gone away and there is no reason to believe they could not come back in numbers to 'power' our world like they did for thousands of years ~ if you can grow it's food, you're laughing.

There is no need whatsoever to worry about energy, we have more energy available that will still be there, even after the planet is gone.

I'm with Clarkson on this, fill up, use it up and have fun, when it's gone we'll use something else.

The horse is a bad idea, at the turn of the 19th century they were the great unsolvable problem. I will put it this way imagine Dublin full of horses, then imagine the waste problem, then imagine the price of food.

There is nothing at the moment to replace oil, I wouldn't put any faith in an alternative been found soon.

I wonder will we see 2 euro a litre this year.

gbee

44leto wrote: »

then imagine the waste problem, then imagine the price of food.

The waste is fertilizer for the food.

rusty_racer94

Our local Esso was changed to Topaz last year, proper rip off! I wonder if their fuel really gets you 24km further on a full tank.