I AM SITTING here writing this at Applegreen services on the Naas Road heading out of Dublin before I set off to Cork.

Diesel is €2.05. It has been a while since I’ve seen prices that high. To be exact, it is just under four years since I’ve seen prices that high, and it did get a bit worse than that back then.

We have seen worse prices – back in June 2022 the average price in Ireland was €2.13, but that was for petrol, not diesel. At this rate we will soon be seeing the highest average price for diesel fuel in Ireland ever.

Minister for Finance Simon Harris has said the government will keep everything under review in terms of intervening in the economy as a result of high energy prices caused by the Iran War.

Speaking in Brussels he said, “Something that could seem right this month could indeed turn out to be wrong next month.”

You see the thing is, there might have been a feeling, as was hoped with the war in Ukraine, that this might be all over very quickly. One would imagine Donald Trump would have thought so (and his flip-flopping on how ‘complete’ the war is currently was a sign of that).

But as of now, nobody really knows how long this conflict could last, and what the markets don’t like is uncertainty.  Speaking on RTÉ,........

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