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Fuel up again!

By wildturkeycanoe - 15 September 2011 28

From $1.349 at 6p.m. to $1.49.9 at 8:30pm, same day at the New 7-11 at Holt WTF???

How’s your area coping?

Thursday 14, September.

Mark that as another slash on the throats of motorists.

What’s Your opinion?


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28 Responses to
Fuel up again!
1
Holden Caulfield 10:15 am
15 Sep 11
#

This is news? Haven’t we been seeing variations like this for several years now?

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2
shirty_bear 10:42 am
15 Sep 11
#

The bit that bugs me is this (with numbers off the top of my head, but am confident they’re indicative):
in the last 6-12 months, broadcast barrel oil cost has dropped from ~US$110 to ~US$85, while the AU$ has climbed from ~US$0.90 to ~US$1.05 … so the barrel cost here in Aus should have dropped by 30-40%, right?
(Suspect the idea of “barrel cost” is an over-simplification, but surely all oil prices are related? If not, then why on Earth would we hear prices for a product that’s irrelevant to us?)

Notwithstanding, when the barrel price goes up, the oil companies waste no time using that as an excuse to jack up the petrol price. By this logic, petrol should have got significantly cheaper, right? But it’s scarcely moved in that time frame..

Where’s the disconnect? Oil company rip-off is an attractive, simple conclusion. I really hope there’s more to it.

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3
thatsnotme 10:49 am
15 Sep 11
#

It was $1.49 in Sydney yesterday morning – so if anything, we got a few hours grace in Canberra.

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4
fgzk 10:58 am
15 Sep 11
#

We produce a light crude oil that “suits” only some products. The Middle East crude is thick like molasses and makes excellent petrol. Oils aint oils.

shirty_bear said :

The bit that bugs me is this (with numbers off the top of my head, but am confident they’re indicative):
in the last 6-12 months, broadcast barrel oil cost has dropped from ~US$110 to ~US$85, while the AU$ has climbed from ~US$0.90 to ~US$1.05 … so the barrel cost here in Aus should have dropped by 30-40%, right?
(Suspect the idea of “barrel cost” is an over-simplification, but surely all oil prices are related? If not, then why on Earth would we hear prices for a product that’s irrelevant to us?)

Notwithstanding, when the barrel price goes up, the oil companies waste no time using that as an excuse to jack up the petrol price. By this logic, petrol should have got significantly cheaper, right? But it’s scarcely moved in that time frame..

Where’s the disconnect? Oil company rip-off is an attractive, simple conclusion. I really hope there’s more to it.

Report this comment

5
OpenYourMind 11:14 am
15 Sep 11
#

Generally speaking, the terminal gate price of fuel follows the crude oil price. People who bitch and moan about it only do so when there’s a shift in price upward. If you do a search for ‘terminal gate price’, that’s the price the terminals are selling it at. Sometimes we even pay less than that price.

There’s one thing worse than this bitch and moan, and that’s the people that think that the petrol station should sell out of whatever is in their underground tanks and then change the price. It’s some sort of weird arsed thinking that each litre that comes in is somehow magically tracked and should only be sold for whatever price it was bought at. It just doesn’t work that way.

Even at $2 per litre, petrol is one of the best value things you will ever buy. It’s a limited resource, it has to be searched for, drilled for, processed and transported to you and sometimes wars are fought over it – just so you can drive your big arsed car to the shops.

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6
KaptnKaos 11:28 am
15 Sep 11
#

In the $1.30’s in tuggers this morning. That’s nothing though, if you believe CSIRO and it’s predictions we’ll be paying $8 litre by 2015.

Agree with shirty_bear @ #2, if the barrel costs of crude are down everywhere, why are our prices still up, answer = greedy oil companies and gutless governments.

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7
john87_no1 11:42 am
15 Sep 11
#

shirty_bear said :

The bit that bugs me is this (with numbers off the top of my head, but am confident they’re indicative):
in the last 6-12 months, broadcast barrel oil cost has dropped from ~US$110 to ~US$85, while the AU$ has climbed from ~US$0.90 to ~US$1.05 … so the barrel cost here in Aus should have dropped by 30-40%, right?
(Suspect the idea of “barrel cost” is an over-simplification, but surely all oil prices are related? If not, then why on Earth would we hear prices for a product that’s irrelevant to us?)

Notwithstanding, when the barrel price goes up, the oil companies waste no time using that as an excuse to jack up the petrol price. By this logic, petrol should have got significantly cheaper, right? But it’s scarcely moved in that time frame..

Where’s the disconnect? Oil company rip-off is an attractive, simple conclusion. I really hope there’s more to it.

++++1111111 please someone explain that??!?

I have always wondered why diesel is less refined but more expensive than petrol – anyone?

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8
Erg0 12:06 pm
15 Sep 11
#

I’m going to take a stab and guess that it has somethign to with Keynesian economics.

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9
Eppo 1:11 pm
15 Sep 11
#

OpenYourMind said :

People who bitch and moan about it only do so when there’s a shift in price upward.

I get so peeved when shops have sales and sell things more cheaply!! Grrr…make me pay more.

I stopped caring about the cost of fuel about 2 years ago when I got into (motorised) 2 wheel transport. You might all get to feel smug in your heating during winter, but I get to feel smug at the servo :)

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10
arescarti42 1:55 pm
15 Sep 11
#

OpenYourMind said :

Even at $2 per litre, petrol is one of the best value things you will ever buy. It’s a limited resource, it has to be searched for, drilled for, processed and transported to you and sometimes wars are fought over it – just so you can drive your big arsed car to the shops.

+1

Think about it, what else can you buy for less than $2 a litre? You’d struggle to buy a litre of coke for less than you’d pay for a litre of petrol. And really, what would you rather be without?

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11
what_the 2:08 pm
15 Sep 11
#

john87_no1 said :

shirty_bear said :

The bit that bugs me is this (with numbers off the top of my head, but am confident they’re indicative):
in the last 6-12 months, broadcast barrel oil cost has dropped from ~US$110 to ~US$85, while the AU$ has climbed from ~US$0.90 to ~US$1.05 … so the barrel cost here in Aus should have dropped by 30-40%, right?
(Suspect the idea of “barrel cost” is an over-simplification, but surely all oil prices are related? If not, then why on Earth would we hear prices for a product that’s irrelevant to us?)

Notwithstanding, when the barrel price goes up, the oil companies waste no time using that as an excuse to jack up the petrol price. By this logic, petrol should have got significantly cheaper, right? But it’s scarcely moved in that time frame..

Where’s the disconnect? Oil company rip-off is an attractive, simple conclusion. I really hope there’s more to it.

++++1111111 please someone explain that??!?

I have always wondered why diesel is less refined but more expensive than petrol – anyone?

Yep, diesel is a by-product of producing petrol, however it’s now taxed at a much higher rate than petrol. Remember the days when diesel used to be half the price of petrol??

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12
Henry82 2:37 pm
15 Sep 11
#

what_the said :

Remember the days when diesel used to be half the price of petrol??

It was? 😮

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13
john87_no1 3:35 pm
15 Sep 11
#

arescarti42 said :

OpenYourMind said :

Even at $2 per litre, petrol is one of the best value things you will ever buy. It’s a limited resource, it has to be searched for, drilled for, processed and transported to you and sometimes wars are fought over it – just so you can drive your big arsed car to the shops.

+1

Think about it, what else can you buy for less than $2 a litre? You’d struggle to buy a litre of coke for less than you’d pay for a litre of petrol. And really, what would you rather be without?

But my car doesn’t use 60L of Coca Cola a week to run – it uses Texas Tea, black gold, coal oil, crude, fossil oil, petrol, petroleum , rock oil – you may have heard of it.

I believe that Australians are paying more than we should for most items including clothes, food, tech, ect ect. The A dollar goes up and no imports get cheaper?? How is that possible? How do we pay more for nearly all electronic goods than every other developed country? Something is wrong in the retail industry and has been for quite some time now.

Im looking at you Mr Harvey!

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14
Jivrashia 3:35 pm
15 Sep 11
#

Erg0 said :

I’m going to take a stab and guess that it has somethign to with Keynesian economics.

Does it explain the presence of COLLUSION?

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15
Rollersk8r 4:38 pm
15 Sep 11
#

arescarti42 said :

OpenYourMind said :

Even at $2 per litre, petrol is one of the best value things you will ever buy. It’s a limited resource, it has to be searched for, drilled for, processed and transported to you and sometimes wars are fought over it – just so you can drive your big arsed car to the shops.

+1

Think about it, what else can you buy for less than $2 a litre? You’d struggle to buy a litre of coke for less than you’d pay for a litre of petrol. And really, what would you rather be without?

+2

Compared to what we’ve become conditioned to paying for bottled water and coffee etc, petrol’s still extremely cheap.

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