your views on oil versus fuel price

[muzza]

hey guys over the last 3 months ive been payin xtra close attention to oil and fuel prices in 3 months oil has dropped steadily from around $145.oo us a barrell to today october 28th $65.00 us a barrell now in that same period normal unleaded up here in qld has stayed at $147.9 a litre only 2 days ago dropping by 4 cents a litre now ive taken into account our dollar value etc and going by the price of oil and what we used to pay a few years ago i think we should b payin at least under $1.00 a litre but closer to 90 cents it makes me angry when i have to put $80 or $90 dollars a week of hard earned money into my car mainly so i can get to work etc knowing that oil refinerys etc r making massive profits at our expense anyway just wondering what u guys think about this injustice cheers muz

[johnvtls1]

yes but the aussie dollar has dropped heaps. thats the main reason where not getting a good deal. but petrol has dropped a fair bit. yeterday i saw it at 139.9 thats the lowest ive seen in ages. i dont think petrol will ever be under $1 again.

[jokerflingo]

If i remember correctly i swear that a few years ago our dollar was about as crappy as it is now if not better then the current $0.60 and our oil was steady at the $50-$60 dollar mark per barrel. Now what is the difference considering our dollar now is $0.60 and oil is about $60 dollars a barrel? Hmmm?
Somehow the yanks are still paying around $1.00 a liter as are many others countries. Its only us and Britain that are being fleeced.

Trust me its starting to **** me off
Matt

[johnvtls1]

i think we get our oil from singapore or somewhere like that anways. not that same places as the US.

[HK-VS]

The whole oil thing is a joke,Yes the aussie dollar has gon down...But oil has dropped more....And all caltex can say is,We have lost a billion dollars.

[immortality]

this thread should be in the pub

i think we get our oil from singapore or somewhere like that anways. not that same places as the US.

yes prices vary around the world but the singapore price isn't much different to the US price.

at the end of the day we are all being ripped off big time. the way the oil companies are doing it is by increasing the price if the refined product as the oil companies also control the oil refineries.

the only way people are going to have any power is if the entire country boycotts one particular brand and forces em to bring the price down. as this will never happen you may as well all stand around with your johnstons in your hands

[TVR-190]

urgh, not another thread on this...

[VT-565]

One thing that sh*ts me even more is, diesel is easier to make than petrol, but here in the Isa, it's consistently 15-20 cents dearer a litre!
Looks like I bought a turbo V8 diesel just in time ha ha ha

[CSP]

yes but the aussie dollar has dropped heaps. thats the main reason where not getting a good deal. but petrol has dropped a fair bit. yeterday i saw it at 139.9 thats the lowest ive seen in ages. i dont think petrol will ever be under $1 again.

Not that I care what I pay for petrol, but mate last time the Aussie Dollar was where it is, and the price of Oil was where it is, we were paying LESS THAT $1 A LITRE...

Even taking inflation into account, the oil companies are simply price gouging at present.

[johnvtls1]

but the thing is they have us used to paying 1.50-1.60 a liter now. If you were in the same position u wouldnt drop the price either. i guess thats why there not dropping it. I even herd on the news or somthing that the demand for oil has also droped so that should rop it even more. but i doubt they will

[immortality]

US$62 overnight. OPEC have reduced output by 1.5million barrels a day to try and lift the price of oil!!! someobody is making money somewhere

time to boycott i say

[TVR-190]

US$62 overnight. OPEC have reduced output by 1.5million barrels a day to try and lift the price of oil!!! someobody is making money somewhere

time to boycott i say

yes lets show them and all not buy petrol, oh wait we need it.

[ProphetVX]

Not that I care what I pay for petrol, but mate last time the Aussie Dollar was where it is, and the price of Oil was where it is, we were paying LESS THAT $1 A LITRE...

Even taking inflation into account, the oil companies are simply price gouging at present.

Last time the dollar is where it is was 20 odd years ago. Inflation has more than doubled prices in that time.

Leading analysts are suggesting at present there is a 4-5c disparity between currency and fuel prices in australia. So effectively fuel companies are skimming 4-5c, there is however, nowhere near as big a gap as most would think. But given how volatile both markets are from day to day, the fluctuation in this figure can vary greatly, as such, setting a pricepoint on the weekly cycle is no easy task.

Fuel companies are cheats no doubt about it, and they'll do everything in their power to keep prices up. But unfortunately the drop in the dollar has crucified any chance we've had for cheaper fuel.

As for anyone asking about why America has cheaper fuel, they have a large amount of locally supplied fuel lines, whereas ours is predominantly from asia, so we pay more in shipping, taxes and whatever further costs are incurred. It's been this case forever, but as the war continues, the US oil reserves start to dwindle and the disparity between our 2 lines of fuel is nowhere near as large.

[DannyboyDS]

we all could all boycott one day a week, week one it's a sunday, week two its a monday, and so on untill they get the picture.

in all honesty they wouldn't notice a difference in petrol sales, as people would probably fill up a day or so early in order to not get caught out, however all those smokes and bottles of coke wont be getting sold either, a few people are paid all day to stand around and play pocket billiards, it adds up pretty soon.

I wonder if everyone on the forums would get in on this?

[CSP]

Last time the dollar is where it is was 20 odd years ago.

No... You don't even have to go back 10 years!!!

Leading analysts are suggesting at present there is a 4-5c disparity between currency and fuel prices in australia.

Doesn't mean they're right! Regular unleaded petrol should be somwhere between $1.10 and $1.20 per litre right now, taking into account the dollar, oil prices and inflation.

But unfortunately the drop in the dollar has crucified any chance we've had for cheaper fuel.

That's EXACTLY what they want you to believe!

As for anyone asking about why America has cheaper fuel

Where did anyone ask that?

ours is predominantly from asia, so we pay more in shipping, taxes and whatever further costs are incurred. It's been this case forever, but as the war continues, the US oil reserves start to dwindle and the disparity between our 2 lines of fuel is nowhere near as large.

In fact Australia, up until the early part of this decade, was self sufficient when it came to oil supply. However now that we export out own oil, we need to import oil to make up the required volume. Problem is we import at a MUCH HIGHER PRICE than we export at. But most of Australia's oil is supplied domestically.

Australia has the ability to be self sufficient as far as oil supply goes for many decades to come. The only reason we aren't is because it's not as profitable.

Still, I want $2 a litre fuel. Less cars on the road is a GOOD thing. More room for me! lol

[minux]

As for anyone asking about why America has cheaper fuel, they have a large amount of locally supplied fuel lines, whereas ours is predominantly from asia, so we pay more in shipping, taxes and whatever further costs are incurred. It's been this case forever, but as the war continues, the US oil reserves start to dwindle and the disparity between our 2 lines of fuel is nowhere near as large.

huh? 20% is dominant? Since when?

[Scooter79]

....
Still, I want $2 a litre fuel. Less cars on the road is a GOOD thing. More room for me! lol

If petrol hit $2/L you'd see more and more poorly maintained cars on the road and less people with insurance. I'm sure we're all looking foward to the day where that old beat up '84 Corolla runs up the back of us because they couldn't afford to have the brakes repaired. Then, only to find out they don't have any form of insurance either.