Garfield 2 Posted February 23, 2011 Share Posted February 23, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/ Share on other sites More sharing options...
Fresh_K Posted February 24, 2011 Share Posted February 24, 2011 Im Sincerely f*cked then. Prices are high already and they want to raise it. f*ck it Im moving to USA. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060351607 Share on other sites More sharing options...
Garfield 2 Posted February 24, 2011 Author Share Posted February 24, 2011 That was on 98fm btw. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060351630 Share on other sites More sharing options...
Kevin... Posted February 24, 2011 Share Posted February 24, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060351668 Share on other sites More sharing options...
Garfield 2 Posted February 24, 2011 Author Share Posted February 24, 2011 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%! Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060351688 Share on other sites More sharing options...
Kevin... Posted February 24, 2011 Share Posted February 24, 2011 (edited) No...I was wrong. Just saw it on the news earlier and I was running with it. The actual number is closer to 5% BTW: Southern Europe is not a major consumer of oil. Just look up the facts on oil production and consumption geographically. Edited February 24, 2011 by κενιη Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060351726 Share on other sites More sharing options...
Pico Posted February 24, 2011 Share Posted February 24, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060351826 Share on other sites More sharing options...
Kevin... Posted February 24, 2011 Share Posted February 24, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060351947 Share on other sites More sharing options...
chris Posted February 24, 2011 Share Posted February 24, 2011 I might just buy a motorbike. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060352008 Share on other sites More sharing options...
Black-hawk Posted February 24, 2011 Share Posted February 24, 2011 Aw f*ck I hate mass transit. Goddamit. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060352017 Share on other sites More sharing options...
JayC Posted February 24, 2011 Share Posted February 24, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060352103 Share on other sites More sharing options...
Dup Posted February 24, 2011 Share Posted February 24, 2011 (edited) 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 February 24, 2011 by Dup Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060352130 Share on other sites More sharing options...
sivispacem Posted February 24, 2011 Share Posted February 24, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060352153 Share on other sites More sharing options...
Tommy-Vercetti19 Posted February 24, 2011 Share Posted February 24, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060352910 Share on other sites More sharing options...
AmyJones Posted February 25, 2011 Share Posted February 25, 2011 It is $3.36 a gallon here in the midwest USA. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060353495 Share on other sites More sharing options...
Kevin... Posted February 25, 2011 Share Posted February 25, 2011 It is $3.36 a gallon here in the midwest USA. It is around 3.27 here north of Pittsburgh. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060353501 Share on other sites More sharing options...
swolo yaggins Posted March 1, 2011 Share Posted March 1, 2011 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 Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060360384 Share on other sites More sharing options...
sivispacem Posted March 1, 2011 Share Posted March 1, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060360645 Share on other sites More sharing options...
Garfield 2 Posted March 2, 2011 Author Share Posted March 2, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060361804 Share on other sites More sharing options...
Garfield 2 Posted March 8, 2011 Author Share Posted March 8, 2011 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 Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060372918 Share on other sites More sharing options...
trip Posted March 9, 2011 Share Posted March 9, 2011 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 I never notice gas prices Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060372936 Share on other sites More sharing options...
Garfield 2 Posted March 9, 2011 Author Share Posted March 9, 2011 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 I never notice gas prices I refill my car twice a week and trust me. There is a notable difference on my wallet : Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060372942 Share on other sites More sharing options...
trip Posted March 9, 2011 Share Posted March 9, 2011 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 I never notice gas prices I refill my car twice a week and trust me. There is a notable difference on my wallet : 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. I have been riding this exact trolley since about 1978. I was 'green' long before it was popular *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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060373040 Share on other sites More sharing options...
Garfield 2 Posted March 11, 2011 Author Share Posted March 11, 2011 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 I never notice gas prices I refill my car twice a week and trust me. There is a notable difference on my wallet : 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. I have been riding this exact trolley since about 1978. I was 'green' long before it was popular *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... Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060375949 Share on other sites More sharing options...
Lurch Posted March 12, 2011 Share Posted March 12, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060376957 Share on other sites More sharing options...
leik oh em jeez! Posted March 12, 2011 Share Posted March 12, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060376963 Share on other sites More sharing options...
trip Posted March 13, 2011 Share Posted March 13, 2011 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 . Now if I rode the 13 I could understand what you are saying Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060379971 Share on other sites More sharing options...
1st gtaROCKER Posted May 20, 2011 Share Posted May 20, 2011 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. Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060489826 Share on other sites More sharing options...
*MURDOC* Posted May 20, 2011 Share Posted May 20, 2011 3 times a week. Almost 6,000 lb truck. Diesel. Why me? lol Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060489827 Share on other sites More sharing options...
1st gtaROCKER Posted May 20, 2011 Share Posted May 20, 2011 3 times a week. Almost 6,000 lb truck. Diesel. Why me? lol Wow, you are fu**ed! Link to comment https://gtaforums.com/topic/470423-prices-of-fuel-going-up-by-30/#findComment-1060489843 Share on other sites More sharing options...
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