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Prices of fuel going up by 30%


Garfield 2

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I was just listening to the radio and it has been mentioned that in the next two weeks prices of fuel are going up by 30%.

In Ireland it means €2 per litre of fuel (almost $3 per litre!)

This is going to happen due to the recent riots in Libya...

Not only Europe will be affected! The whole price of crude oil is gonna go up in the next two weeks!

I'd suggest store as much fuel as you can while it's still cheap.

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Funny considering that Libya only supplies 2% of the oil produced.

 

Its all bullsh*t and speculations by folks who think anything bad happening in the world is a good reason to jack up the price in the name of profit instead of actual oil shortage worries.




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Funny considering that Libya only supplies 2% of the oil produced.

 

Its all bullsh*t and speculations by folks who think anything bad happening in the world is a good reason to jack up the price in the name of profit instead of actual oil shortage worries.

2%?

 

The whole southern Europe gets oil from Libya man! That's much more than 2%!

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No...I was wrong. Just saw it on the news earlier and I was running with it. The actual number is closer to 5%

 

user posted image

 

 

BTW: Southern Europe is not a major consumer of oil. Just look up the facts on oil production and consumption geographically.

Edited by κενιη



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I was just discussing this with my roommate the other day. Those who have influence on the price of oil take any chance they get to raise it. Wait until Obama farts on TV, it'll be nuts. We'll be paying 3 times as much for gas.

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I liked how the news folks did interviews with folks who were "in the know" about why prices are going up. They basically said "If Libya's government is close to and/or being overthrown, what is stopping countries like Iran, Saudi Arabia, and Algeria from doing the same?" as if that was a logical explanation to it all.




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When oil goes up in price, fuel immediately goes up. Want to know the worst bit? The fuel at the pumps the day oil prices go up is made from the cheaper priced oil but they put the price up straight away anyway. Nice way of earning £££ by the fuel companies.

Edited by Dup
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The price of oil will go up 30%, not the price of petrol. It will rise but it won't be the by the same percentage.

Oh, you're quite right. A 30% increase in crude prices that was passed onto the consumer (most of the fluctuations aren't) would result in a far higher than 30% increase in the cost of fuel, as some of the duty is raised based on the price of processed fuel- so the higher the price, the higher the duty. Hence why there's quite a large push towards implamenting a flexible fuel duty system which maintains a stable price per litre by fluctuating the total duty.

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Tommy-Vercetti19

Pretty gay, sure going home from work i seen on the garage in Ballyfermot that Petrol was 1.60 a litre, and Diesel was around the same.

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yo wassup jim?

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It is $3.36 a gallon here in the midwest USA.

It is around 3.27 here north of Pittsburgh.




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swolo yaggins

Yeah, I've noticed a 20-30 cent increase in gas over the past couple weeks. Not very happy about that.

 

But, whenever I get down thinking about it, I laugh to myself at all the Englishmen and their silly gas prices. HAHA

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Yeah, I've noticed a 20-30 cent increase in gas over the past couple weeks. Not very happy about that.

 

But, whenever I get down thinking about it, I laugh to myself at all the Englishmen and their silly gas prices. HAHA

Laugh all you want, I see yours reaching similar levels in the none-too-distant future.

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Forstly, ignore news about New York oil prices - here in Europe the heavier Brent oil is used and this is trading at a $8 permium to New York crude. For journalists reading this, please quote Brent oil prices to ensure accurate reporting.

 

Just to give a proper comparison - at its very highest in 2008, Brent crude reached $145, but the dollar/euro rate was $1.60 - in euro terms the price was €90.60 / barrel.

 

Today, Brent is trading at $99 and the dollar rate is $1.31 which equates to €75.50 / barrel - so not a huge difference in the raw material cost.

 

The pump difference is made up from successive duty & carbon tax rises.

 

In a worst case scenario and oil jumped by a further 20% to $120 and the dollar satys as is, the forecourt price would only rise by 8% as Duty, refining costs & distribution costs will remain relatively static.  So while you'll hear some people talk about a €2 forecourt price, Oil would have to jump to $200 before this would happen.

 

In the medium term, the world can't sustain these higher prices. There is no shortage of oil despite what some green agenda people may suggest. Brazil is now awash with oil after some mega recent finds as is Iran, Iraq & most of middle East. Food shortages and higher food prices which will be exceberated by the higher oil prices (oil makes the world go round) will dampen down world ecomonic growth and may in particular affect China. - And if the Chinese economic bubble bursts as many are predicting, oil prices will crash. - If China has a soft landing (where did I hear that phrase before??) oil prices will drop back too.

 

In a few weeks, once all the weather and poipline related issues are out of the way, we should soo normality come back to the market and prices drop back to the low $80.

 

 

 

If you are buying home heat - I'd just buy half a tank for now and hope that by the time you need more, prices will have subsided.

 

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I hit the f*cking barrier on my petrol station.

 

€1.51 / litre of petrol

€1.46 / litre of diesel

 

For US folks - it's around 7.5 dollars per gallon...

 

€5.66 per US gallon, so it's 5.66 Euros = 7.868532

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I might just buy a motorbike.

Recommend. My 'not so friendly on gas' bike still manages to get over 50mpg

 

I'm going to gloat a bit - because I can.

I love people panicking over gas/fuel/petrol prices. My car is about 12 years old and has under 35k miles on it. I might fill my tank 2 or 3 times a year tounge.gif I never notice gas prices biggrin.gif

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I might just buy a motorbike.

Recommend. My 'not so friendly on gas' bike still manages to get over 50mpg

 

I'm going to gloat a bit - because I can.

I love people panicking over gas/fuel/petrol prices. My car is about 12 years old and has under 35k miles on it. I might fill my tank 2 or 3 times a year tounge.gif I never notice gas prices biggrin.gif

I refill my car twice a week and trust me. There is a notable difference on my wallet : sneaky2.gif

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I might just buy a motorbike.

Recommend. My 'not so friendly on gas' bike still manages to get over 50mpg

 

I'm going to gloat a bit - because I can.

I love people panicking over gas/fuel/petrol prices. My car is about 12 years old and has under 35k miles on it. I might fill my tank 2 or 3 times a year tounge.gif I never notice gas prices biggrin.gif

I refill my car twice a week and trust me. There is a notable difference on my wallet : sneaky2.gif

Fill your car twice a week??? Damn, even with reasonable fuel prices that would hurt.

 

Everyone needs to move to a metropolitan area with public transit.

user posted image

 

I have been riding this exact trolley since about 1978. I was 'green' long before it was popular tounge.gif

 

*I nearly crapped my pants when I searched 'septa trolley' and this was one of the few shots that came up. That is my exact trolley and that shot is from 5 blocks away from my house.

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I might just buy a motorbike.

Recommend. My 'not so friendly on gas' bike still manages to get over 50mpg

 

I'm going to gloat a bit - because I can.

I love people panicking over gas/fuel/petrol prices. My car is about 12 years old and has under 35k miles on it. I might fill my tank 2 or 3 times a year tounge.gif I never notice gas prices biggrin.gif

I refill my car twice a week and trust me. There is a notable difference on my wallet : sneaky2.gif

Fill your car twice a week??? Damn, even with reasonable fuel prices that would hurt.

 

Everyone needs to move to a metropolitan area with public transit.

user posted image

 

I have been riding this exact trolley since about 1978. I was 'green' long before it was popular tounge.gif

 

*I nearly crapped my pants when I searched 'septa trolley' and this was one of the few shots that came up. That is my exact trolley and that shot is from 5 blocks away from my house.

I make around 200km (120 miles) each day, 5 days in a week so that makes it 600 miles per week.

Train is actually more expensive than going by car.

I'm flexible with my car.

The bus that suits me leaves at 7:15 am from where I live. I leave my house at 7:55 am.

 

Why is petrol only (according to my calculations, currency exchanges, gallons to litres etc.) 67 cents per litre while here I have to pay 1.53 per litre now?

I've seriously considered moving to the States when I finish college and who knows, maybe that's what I'm going to do...

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Everyone needs to move to a metropolitan area with public transit.

f*ck public transit and f*ck metropolitan areas.

 

If you want to sit next to some Mexican that smells like a urinal cake then be my guess. I on the other hand, would rather drive my car. I'd say the same thing if gas was 10 dollars a gallon.

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leik oh em jeez!
When oil goes up in price, fuel immediately goes up. Want to know the worst bit? The fuel at the pumps the day oil prices go up is made from the cheaper priced oil but they put the price up straight away anyway. Nice way of earning £££ by the fuel companies.

The fuel was already purchased, so the only way the oil company makes more money off the old fuel is if they own the gas station.

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Everyone needs to move to a metropolitan area with public transit.

f*ck public transit and f*ck metropolitan areas.

 

If you want to sit next to some Mexican that smells like a urinal cake then be my guess. I on the other hand, would rather drive my car. I'd say the same thing if gas was 10 dollars a gallon.

I said I ride the 34 - even the Mexicans are shower fresh tounge.gif . Now if I rode the 13 I could understand what you are saying biggrin.gif

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  • 2 months later...
1st gtaROCKER

Over in England, the government takes over 70% off the cost of fuel which is currently about £1.30-£1.40 per litre(less than $10 per gallon if my maths is right.) If the government cut down on tax, our fuel cost could be back down to £1, or less.

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3 times a week.

 

Almost 6,000 lb truck.

 

Diesel.

 

 

 

 

 

 

 

 

 

Why me?

 

 

lol

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1st gtaROCKER
3 times a week.

 

Almost 6,000 lb truck.

 

Diesel.

 

 

 

 

 

 

 

 

 

Why me?

 

 

lol

Wow, you are fu**ed!

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