Michael Moynihan (Cork North West, Fianna Fail) | Oireachtas source

There have been many discussions in the House about the cost of fuel and the way it is impacting on society and on the challenges many families are facing. I would point to two statistics. In 2008, the price of oil was €187 a barrel and the price at the pumps was €1.30 a litre for petrol. Today, it is €107 a barrel and the price at the pumps is €2.11 a litre. Why is there such a difference, given it was exceptionally high back then and it was at what we would call a reasonable price today? Is there something the Government can do to examine this - for example, to take a number of years and see why the price of crude did not result in the enormous increase at the pumps that we are witnessing today?

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