Petrol Prices 2009/2025- post updates here

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HwoodMike2umate
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Oh dear, Sainsburys ( H’wood) up 11p since I was last there to 157.9. Tesco ( K’nagoney) still at what now seems a rather cheap 151.9 but queue is out to the main K’nagoney Road.
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Re: Petrol Prices 2009/2025- post updates here

Post by BR »

solidarity wrote: Thu Mar 10, 2022 11:42 am I guess oil normally sells by an auction of some sort, hence the volatility in price. Why can oil producers not simply say, 'We're going to cap oil prices at (say) $110 per barrel for the next 6 months, as our contribution to putting pressure on Russia.'? Presumably they're not losing money although not making as much as they would otherwise. I assume it's more complicated than this!
Oil is traded on commodities markets (I suppose that's an auction of sorts). Brent price today will prob be for June delivery. WTI maybe May. Refined product is also traded as futures.

Producers control price by varying production levels. I'm not sure that Saudi/the latin americans are keen to put pressure on Russia. No doubt diplomats are currently trying to convince them that there'll be something in it for them, if they do us a favour and ramp up production.
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Tescos at The Outlet complex was showing up outside as 153.9 tonight but sadly when you got into the forecourt a sign said No Petrol Available.
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

No petrol at Tescos at the Outlet although it said 153.9 , Evergreen south or Dundalk was 184.9 Euro but Best Buy was at the garage just north of the point on the East Wall rd near Lidl/Aldi was Euro 179.9 which ain’t bad.
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Re: Petrol Prices 2009/2025- post updates here

Post by solidarity »

BR wrote: Fri Mar 11, 2022 4:14 pm
solidarity wrote: Thu Mar 10, 2022 11:42 am I guess oil normally sells by an auction of some sort, hence the volatility in price. Why can oil producers not simply say, 'We're going to cap oil prices at (say) $110 per barrel for the next 6 months, as our contribution to putting pressure on Russia.'? Presumably they're not losing money although not making as much as they would otherwise. I assume it's more complicated than this!
Oil is traded on commodities markets (I suppose that's an auction of sorts). Brent price today will prob be for June delivery. WTI maybe May. Refined product is also traded as futures.

Producers control price by varying production levels. I'm not sure that Saudi/the latin americans are keen to put pressure on Russia. No doubt diplomats are currently trying to convince them that there'll be something in it for them, if they do us a favour and ramp up production.
Thanks, BR. As much as anything, this current grim situatuon shows the interplay between politics, commerce, personal ambition etc etc. Nothing is simple, is it, except perhaps the unerring instinct of human beings to look for a financial profit from any situation.
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Most garages in Dublin around the 1.75 Euro today.
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Which is approx £1.47.
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Re: Petrol Prices 2009/2025- post updates here

Post by mid ulster maestro »

Back to the boot full of cans and a quick nip across the border to fill up?
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Re: Petrol Prices 2009/2025- post updates here

Post by for dog and ulcer »

£1.54.9 at Tesco Castlewellan Road Banbridge for unleaded but no diesel available. Interestingly £1.59.9 for unleaded at Tesco Boulevard Banbridge.
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Re: Petrol Prices 2009/2025- post updates here

Post by solidarity »

BBC news saying that prices about to stabalise, maybe go down.
https://www.bbc.co.uk/news/business-60733390
Let's hope so.
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Sainsburys (B’mena) 160.9 today and Tescos (B’mena) 159.9. Tescos (K’nagoney) usually open 24 hour was shut at 7pm tonight, sign says 151.9 but bet it won’t be that when it reopens.
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Tescos ( K’nagoney) up 2p today to 153.9 but still shut! Cheapest I saw today was Applegreen on the M2 ( think they call it Templepatrick Services) at 156.8. Sainsburys ( H’wood) no queue but 159.9.
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Re: Petrol Prices 2009/2025- post updates here

Post by Bobbievee »

FFS!!!!!!!!
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Applegreen on the M2 up 3p overnight and is now 159.8. Passed Tescos (K'nagoney) this morning but forgot to look if the garage was open again. Next refill will probably be the Applegreen at Letterkenny about 8pm tonight, price will follow.
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Re: Petrol Prices 2009/2025- post updates here

Post by HwoodMike2umate »

Oil down today below $100 a barrel, currently at $98.67.
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