Petrol in Ballinspittle is only €1.819/lt today. That’s the cheapest I’ve seen in a long time. After listening to this Planet Money podcast about the cost of gasoline I wonder if we will have expensive petrol and diesel forever? Reason being, it’s unlikely that new oil refineries will ever be built again as demand for oil products plummet in the next decade. A guest on the show predicted that a barrel of oil will be $20-$30 in ten years time. Electric cars are becoming a lot more attractive, but I won’t be looking to buy a new car for quite […]