Results 6,181-6,200 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: Is that figure correct, roughly speaking?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: How many vehicles are in the country's fleet? Are there approximately 2 million?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: New cars are approximately 5% of the fleet. Is that fair to say?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: On that basis, if only 5% of the fleet is new and only one eighth of that is electric, we will not get anywhere close to widespread EV provision anytime soon. I see Mr. Blevings reacting. I do not know if he is agreeing with me or shaking his head.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: I have not even touched on range anxiety. Mr. McIlduff mentioned the price of oil in his statement but I do not think he referenced the difference between the dollar and euro cost, which is a major and relevant matter. Our guests are the experts in motoring; I am not. I declare an interest in that I buy my insurance through the AA, and I thank the company for that. I need to hear more...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: I thank our guests for being here. I take the point made by the petrol retailers. We were all annoyed at the rate of increases and we saw the cost go up before it came back down. The retailers have articulated their point well. The more solutions and suggestions they have for us the better.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: I thank the Cathaoirleach, and much as I might want to see him in court, I will try to avoid being too much over the time limit.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: Good.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: We will be watching the Cathaoirleach's five minutes too. I thank all our guests for being here. They are all under enormous pressure and we can see that in their opening statements. No business can sustain these levels of price increases. One of the questions I have, which applies to all the sectors, concerns fuel as a percentage of the cost base. What is it and what are the margins...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: I thank Mr. Kavanagh for that but on the fuel, if his total cost base is normally say 60 or whatever, how much of that 60 is fuel? Is it 10%? Is it 40%?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: That is as a proportion of the cost of running of a freight or a coach operation-----
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: -----so it is a very significant component of the costs. Mr. Kavanagh is talking about a 50% increase in those costs, in that it has gone from €150 to €225.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: Thus the cost that was 25% of the cost base is now-----
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: The overall cost has gone up but it is a very significant part.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: Most operators would not be making margins that can sustain that. That is what I was trying to get at.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: And obviously Mr. Kavanagh is, if not the biggest operator, then one of the biggest operators.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: Yes, but many operators smaller than Mr. Kavanagh would not have the economies of scale he might have either. Of the CTTC's membership, I think there is an average of six vehicles per operator but there are presumably loads of operators with one and two coaches that are more stretched.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: They are also facing the same challenges.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: Has there been dialogue with the Department of Transport or any other Department, such as the Department of Education, about this idea of separating the fuel cost and saying that if fuel costs increase by 20%, more will be given and vice versa?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)
Gerry Horkan: Yes, the operators are locked in. I thank the Chairman and do not want him to end up in jail or in court. Many of our guests’ contributions have been very detailed and I acknowledge the effort that was put in. If there is additional time at the end, I would like to come back in, although I doubt there will be.