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$1.80 Petrol??

By colsim 9 September 2005 4

This may be fanciful but I have it on reasonable authority that servos have been advised there will be a big price jump in the next week.

Ok – so here’s the deal – I work with a guy who used to work in a servo and who has a friend still there. He claims that his friend got official notification that prices will jag up sharply, possibly as high as $1.80, in the next week or so.

I have to add that this guy has been known to wildly exaggerate in his stories however I know for a fact that he does have a friend working at a servo. Given the current out of control situation, it doesn’t seem entirely unbelievable. (I’m guessing $1.60 is probably more likely if it happens, but still, ffs…)

Hope this is helps.

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4 Responses to
$1.80 Petrol??
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cfi 1:20 pm 12 Sep 05

Im hoping the recent price rise was a short term thing due to hurricane katrina

OpenYourMind 8:01 am 12 Sep 05

A story on petrol – I can’t resist.

$1.80 petrol is extremely unlikely in the short term. Australian petrol prices are linked reasonably closely with world oil prices and the value of the Aussie dollar – albeit usually with some delay. As of today, oil futures are trading at around the $64 mark. Oil will need to rise at least $30 per bbl to equate to $1.80.

LurkerGal if oil gets above $90bbl, filling up your tank will be the least of your worries. I won’t bore you anymore with the details. Just google ‘peak oil’ and you’ll get the gist.

LurkerGal 11:41 am 11 Sep 05

I live 5 minutes from work, so I only use one tank every 3 weeks. (including a trip to tuggers and a trip to western creek every fortnight). I really feel for people who have to travel further. The price of petrol would impact on them so much. Especially if you have to pay for parking on top of that. Maybe you all need to downsize your cars…..

Vic Bitterman 11:21 am 10 Sep 05

If it goes up to $1.80 or higher, there’s nothing you or I can can do to influence the price, so don’t lose any sleep or get upset about it.

About all you can do to lessen the impact of fuel prices is to reduce your usage or reliance on fuel directly. So catch public transport more if possible, car pool, walk and ride a bike more or buy a more fuel efficient car. Maybe work from home is possible, or change jobs where you don’t have to drive so far.

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