Petrol Prices hit record High

[Cassandra Syndrome]

Petrol prices are hitting their record in Ireland that was set in July 2008 when oil was $140 a barrel. Prices are going to hit 1.35c per litre in the next couple of weeks, beating the 1.33c record. Already around 1.30 c in real terms this at an all time high.

The weakening Euro and rising oil prices and carbon tax will push the price per litre over 1.50c very shortly.

This will be more headwinds for the economy and shrinking disposible income. But hey the worst is over.

http://www.pumps.ie/

[Baron von Biffo]

Petrol prices are hitting their record in Ireland that was set in July 2008 when oil was $140 a barrel. Prices are going to hit 1.35c per litre in the next couple of weeks, beating the 1.33c record. Already around 1.30 c in real terms this at an all time high.

The weakening Euro and rising oil prices and carbon tax will push the price per litre over 1.50c very shortly.

This will be more headwinds for the economy and shrinking disposible income. But hey the worst is over.

http://www.pumps.ie/

No, you must be wrong. Haven't you listened to IBEC? prices are going down for everything. The cost of living is now just 20% of what it was in 1920.

[C. Flower]

Yes, there have been warnings that this was coming. There have been other signs of prices going up. Is this stagflation setting in ?

[Cassandra Syndrome]

Yes, there have been warnings that this was coming. There have been other signs of prices going up. Is this stagflation setting in ?

Yep C flower. All commodities including food are increasing. We have passed peak oil and oil is heading for 90 Dollars a barrel. The Euro weakening isn't helping. It also doesn't help Ireland that between firms, companies and self employed individuals, over 40,000 businesses have gone in the in the past 2 years. Lack of competition and supply will also lead to higher prices.

Anyhow, happy Patricks day. Drink and be merry and live life in its present from now on!

[Sidewinder]

A bout of stagflation in an already wildly over-priced economy? :eek:

If you are under 40, it's man the lifeboats time. There's going to be nothing in Ireland worth hanging around for. This country has been killed dead by the FF parasite, the damage is done, there is no saving this terminally ill patient.

[C. Flower]

Up to the 1960s there was a downward population trajectory that would have left the country completely empty by now if it had continued. Then we became the fastest growing in Europe. Its a roller coaster ride.

This country has a lot going for it, in land, wind and wave energy potential, and climate. We only need to get ourselves and the world economic system sorted out and we'll be flying it.

[Sidewinder]

But the generation currently in their late 40s to mid 60s have already sold off the future earnings of all the young people in order to cover their massive gambling losses in Honest Bert's Property Casino.

Young people can either look forward to decades of slavery with low wages and high taxes until the gambling debt has all been paid off; or they can say "sod this", leave, and let the old geezers pay their own gambling debts with money they don't have.

So who, exactly, is going to do the actual work to create goods and services that the rest of the world will want to buy and thus generate wealth? Who is realistically going to stick around to work long hours for little money to bail out a bunch of old geezers? Who in their right mind is going to put up with this situation?

No, if these intertwined scams to clear the gambling debts of the old are permitted to stand, then Ireland will effectively cease to exist - if it hasn't already.

Default is actually the least worst option and has been since at least late 2008, but as usual I suppose it'll take another 2-3 years for everyone else to catch up to where old Sidey was 2 or 3 years ago. Sheesh, it's beyond ridiculous at this point.

[Cassandra Syndrome]

Good video clip about the price of oil and petrol prices.

YouTube- Oil and gasoline price decouple - Gasoline price inflation

[Cassandra Syndrome]

From today's Indo


CONSUMER chiefs have warned businesses not to use rising fuel costs as an excuse to hike prices as the cost of petrol is predicted to reach an all-time high of €1.35 a litre within weeks.

Dermott Jewell, chief executive of the Consumers' Association, said there was a reluctance among petrol station owners to move against their neighbours and that in some parts of the country there appeared to be no price competition at all.

Petrol prices have now passed the €1.30 mark in many filling stations nationwide and are predicted to rise to an average of €1.35 within the next two weeks -- higher than their peak during the 2008 oil-price spike.



http://www.independent.ie/business/personal-finance/surviving-the-recession/price-of-petrol-is-set-to-reach-an-alltime-high-2129359.html

[Vernon]

When Lenihan told us we turned a corner, he must have meant we ve turned into the wind?? Like coming out from behind a wall? You turn a corner alright but straight into the peeing rain and wind!