Garret Ahearn (Fine Gael)
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Mr. Godfrey mentioned crude oil. The argument is always made that increases in crude oil reflect the increases in petrol and diesel for obvious reasons. One would think then that the graph per year would always be the same. In 2008, however, the price of crude oil was way higher than it is now but diesel and petrol were cheaper. Why was that the case? The price of crude oil at the moment is around $130. Back in 2008 it was €170 but the price of diesel at the pumps now is much higher than it was in 2008.