Quote:
Originally Posted by T3rminator
If oil prices keep going up, it'll be interesting to see what they do to pressure petrol companies from jacking up their prices at the bowser.
Fuel excise cut might result in prices dropping next week, but who is to say it won't go back up again the week after, which will not be a good look for all involved.
It is evident by the amount of cars out on the roads, especially in regional areas on weekends, that $2.20 ULP is acceptable to motorists, and the petrol companies KNOW this.
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The terminal gate price is $1.887, in Geelong we’re paying $1.999, in Werribee they’re paying $1.899, so the relationship between the TGP and bowser is about where it should be. There is no way known once that price starts to drop they will be able to keep prices high. It’s acceptable now as prices haven’t started to rise yet, wait till groceries and daily essentials start costing more.
The excise cut is a feel good stunt that will shaft us once prices start to fall and they whack that tax back on. Prices will drop to $1.50 and bam overnight it’ll be back up to $1.75, watch everyone kick and scream then.