Sorry!
I know there have been many threads regarding petrol prices already,
but I wonder does anyone know the formula for how much irish petrol companies market their prices?
I'm sure it isnt an exact calculation based on daily oil price movements
and the petrol companies look to set ranges over periods of time that
will mean they at least dont make a loss.
Oil is now nearing US$50 (with US/Euro 1.30 rate) and if you look at www.irishfuelprices.com
prices remain above euro 1 per litre in most places.
Is there a (effective!) watchdog consumer body in Ireland that can investigate this??
The only recent comment in news I can find is some AA guy trying to sound like a bit like your usual property agent spin doctor but not actually giving any constructive WHY reasons.
[broken link removed]
The primary strategy of petrol stations is the competitive pricing strategy
-> everyone keeps with a close range, if someone drops price then others HAVE to follow.
The fact that oil continues to decline and nobody has made significant cuts means maybe wholesale prices into Ireland have yet to change?
Petrol stations may charge a discount but hope you will purchase other
retail goods when paying, eg crisps, milk, etc etc
especially of the station is very busy (well located) eg Tesco, centra, etc
Petrol stations may charge premium if they are percieved as being more convenient, well located. (and prob higher costs)
- though this may mean they get more business anyway.
Petrol stations may charge premium if they are isolated and get little custom, ie connemara, kerry, etc
At the end of the day, the savings you can get by "shopping around", say between e1.05 and e1.00 is negligible for most people in today's Ireland.
but oil has moved from near US $80 to near US $50
a 35%+ drop (with probably favourable euro/US$ exchange rate now!)
and average petrol prices in Dublin have moved from 1.20 to 1
approx 17% drop.
Why hasn't the cost of everyone's petrol declined likewise?
This is even more important when petrol and fuel have such a large knock on cost affect and inflation influence.
any ideas?
any comments from people who use home heating oil and gas?
JR.
I know there have been many threads regarding petrol prices already,
but I wonder does anyone know the formula for how much irish petrol companies market their prices?
I'm sure it isnt an exact calculation based on daily oil price movements
and the petrol companies look to set ranges over periods of time that
will mean they at least dont make a loss.
Oil is now nearing US$50 (with US/Euro 1.30 rate) and if you look at www.irishfuelprices.com
prices remain above euro 1 per litre in most places.
Is there a (effective!) watchdog consumer body in Ireland that can investigate this??
The only recent comment in news I can find is some AA guy trying to sound like a bit like your usual property agent spin doctor but not actually giving any constructive WHY reasons.
[broken link removed]
The primary strategy of petrol stations is the competitive pricing strategy
-> everyone keeps with a close range, if someone drops price then others HAVE to follow.
The fact that oil continues to decline and nobody has made significant cuts means maybe wholesale prices into Ireland have yet to change?
Petrol stations may charge a discount but hope you will purchase other
retail goods when paying, eg crisps, milk, etc etc
especially of the station is very busy (well located) eg Tesco, centra, etc
Petrol stations may charge premium if they are percieved as being more convenient, well located. (and prob higher costs)
- though this may mean they get more business anyway.
Petrol stations may charge premium if they are isolated and get little custom, ie connemara, kerry, etc
At the end of the day, the savings you can get by "shopping around", say between e1.05 and e1.00 is negligible for most people in today's Ireland.
but oil has moved from near US $80 to near US $50
a 35%+ drop (with probably favourable euro/US$ exchange rate now!)
and average petrol prices in Dublin have moved from 1.20 to 1
approx 17% drop.
Why hasn't the cost of everyone's petrol declined likewise?
This is even more important when petrol and fuel have such a large knock on cost affect and inflation influence.
any ideas?
any comments from people who use home heating oil and gas?
JR.