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The Pub For General Automotive Related Talk |
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#1 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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Why is'nt petrol back down to a dollar per litre?
I thought there was was an over supply of oil around the world lately? ![]() |
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#2 | ||
Oo\===/oO
Join Date: Jan 2007
Location: Tamworth
Posts: 11,348
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Our price goes of the Singapore unleaded price...so..
We might be paying 50 c/l for oil, but we pay 60 c/l for the unleaded. We then have 40 c/l excise on that. Then the wholesale adds its mark up, then the individual stations add there mark up... So it easily goes over a dollar a liter..
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#3 | ||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,577
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As I'm aware of at the moment the oil cartels have pushed the price up by deliberately limiting production which is why we are paying high prices now but there are talks of pressure being exerted on them to ramp up production soon to lower prices.
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#4 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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Good.....About bloody time.
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#5 | ||
Irregular member
Join Date: Dec 2004
Location: Melbourne
Posts: 3,941
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I wonder if all the military actions of late cause increases in demand/supply changes from producers.
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2000 AU II FAIRLANE 75th ANNIVERSARY - big and shiny My hovercraft is full of eels! Movie Car Chase of the Week: Gene Hackman driving a 1971 Pontiac LeMans to chase an elevated train in The French Connection (1971). |
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#6 | ||
Moderator
![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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Definite increase this week.... Paid $1.62 for 98 today.... last week $1.39
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#7 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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I just filled up with 91 at a United and it cost me $80.
98 was $1.60. Where back in the days of 'Peak Oil'. |
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#8 | ||
FF.Com.Au Hardcore
Join Date: Jan 2006
Posts: 1,119
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I don't know how it can be justified that in Melbourne today 91ulp $1.39.9 but cheaper in Ararat $1.25.9... Melbourne motorists being ripped off again!!
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#9 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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#10 | ||
Donating Member
![]() Join Date: Dec 2004
Location: Sydney
Posts: 1,940
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I hate the constant up and down. If only they chose the average price and stuck with that for 6 months at a time.
Today I filled up Caltex 98 for $1.399/L, plus 4c off got it for $1.359 (saved two bucks fifty!)
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#11 | ||
Donating Member
![]() Join Date: Dec 2004
Location: Sydney
Posts: 1,940
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Double Post
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My Resume: Current: Alfa Romeo Giulia Quadrifoglio in Vulcano Black MY18 Black WRX STi Spec-R Previous: '16 White FGX XR8 '09 Black FG FPV GT 5th Anniversary '04 Blueprint BA XR8 '97 Mocha Foam EL Fairmont |
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#12 | |||
FF.Com.Au Hardcore
Join Date: Feb 2008
Posts: 2,312
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Quote:
that price is set. it's not a market force driven floating price.
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My ride: 2007 Falcon Ute BF XR8 Orange, MTO. |
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#13 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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Yesterday the local Caltex was $1.15 ULP.
Today $1.39. Not even going to look at the price 98 tmrw if fill up. What the bloody hell would cause this its just a normal weekend? I knew I should have filled up yesterday. |
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#14 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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Saw on the news this morning that ULP in QLD has jumped 30cents from $1.41 overnight!
But then they said Syd/Melbs should drop about 6cents instead of rising for the long weekend. |
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#15 | |||
Sling Shot
Join Date: Jun 2009
Location: Canberra
Posts: 444
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Hehe the difference between 1.39/L and 1.60/L on a 62L tank is only $12.4. I honestly don't understand why some people complain about the price difference. At least we aren't paying over $2/L like in Europe.
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#16 | ||
Regular Member
Join Date: Sep 2015
Posts: 192
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These prices are from various charts. The international price of crude crashed mid 2014, like a 50% crash but that was not reflected in our bowser price. The value of the Aussie dollar has some bearing on these fluctations.
Average Aust Metro Bowser- highest price: April 2014: $1.58 : April 2015: $1.35 : April 2016: $1.20 : April 2017: $1.29 Crude oil barrel price: beginning 2014.......$98 US " " 2015.......$49 US " " 2016.......$33 US " " 2017.......$54 US A lot of funny business going on because the government is making so much money from the excise. I don't get it either. Cheers Larry |
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#17 | |||
All Bran = Regular Member
Join Date: Feb 2006
Location: BrizVegas
Posts: 1,970
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Quote:
When fuel is cheaper at Penong (edge of the Nullarbor) than it is in Brisbane you know that something is rotten in the state of Denmark.
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#18 | ||
FF.Com.Au Hardcore
Join Date: Jul 2012
Posts: 3,878
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Yeah and when you are using 4000 litres per year then you are up for another $800.Then freight costs go up,so then your $12 tank becomes $1200-1500 per year.
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#19 | ||
Lyminge, Shepway, Kent
![]() ![]() Join Date: Oct 2008
Location: Geelong - Go Cats
Posts: 3,197
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I saw the annual results for Caltex a year ago. They had a good year and attributed it to the sesrch for the Malasian Airlines plane in the Indian Ocean.
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#20 | ||
Yep ... BOOSTED
Join Date: Apr 2011
Location: Mid North Coast NSW
Posts: 187
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Saving money was a bonus with our Hyundai.
The difference in cost kept the old Falcon on the road for the year for nothing.
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Daily Driver - 2000 - AU2
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#21 | |||
FF.Com.Au Hardcore
Join Date: Jun 2005
Posts: 5,193
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Quote:
It amazes me how few aduld do not understand this.. |
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#22 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: In Front of a Monitor
Posts: 1,646
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Once someone works out how the Petrol Price works can someone also explain why a litre of Coca Cola costs more than a litre of Petrol considering the time to manufacture , effort and transport distances between the two.
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#23 | ||
FF.Com.Au Hardcore
Join Date: Jul 2012
Posts: 3,878
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Then tell us all why a litre of beer costs about 10 times as much as 1 litre of petrol
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#24 | |||
Regular Member
Join Date: Sep 2015
Posts: 192
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Quote:
I've dug a bit deeper [Google is your best friend] and found a BBC news investigation from 2011...in England, "The cost of petrol and oil..how it breaks down" According to them, as mentioned previously, that the UK governments GST, VAT, Excise, profits tax, etc are the biggest costs, 60%, cost of the oil, includes exploring, drilling, sea platforms, etc. is about 30% and cost of refining is about 3%, retailer margin about 5% to 7%. This is from England, so a little bit different here. For all I know, it could all a BIG lie. They wouldn't do that would they? This week in Brisbane area, it was revealed that Brisbane servos' profits are 50% higher than any other servos in Australia. Also, at the high end of the fuel cycle, 11c PER LITRE was the margin in some cases. Anyway cheers. |
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#25 | ||
FF.Com.Au Hardcore
Join Date: Jun 2005
Posts: 5,193
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Is there any relationship between the two? Are you saying perol is too cheap?
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#26 | ||
Guest
Posts: n/a
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I'm considering buying one of these:
http://www.ebay.com.au/itm/GENUINE-B...-/281656240651 So I can go around hunting for the cheapest price and buy it in bulk. Its a bit expensive though at $1,155 It has a 120 litre capacity. If I combined that with LPG I could easily get 200 litres underneath the back of my wagon. |
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#27 | ||||
Sling Shot
Join Date: Jun 2009
Location: Canberra
Posts: 444
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Quote:
I'll keep filling up and not care about how many cents more the petrol is compared to last week, and keep enjoying my xr6t hehe
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#28 | ||
FF.Com.Au Hardcore
Join Date: Jul 2012
Posts: 3,878
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Maybe if you don't see a problem with ever rising costs then you have a problem
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#29 | ||
Once PHASED.
Join Date: Aug 2005
Location: Townsville
Posts: 972
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I think the main reason for the up and down bulk oil price is World wide demand. At the moment the USA is supplying a lot of it's own oil. So, the Arab oil suppliers put up the barrel price to compensate for the fall in demand.. JMO..
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2006 BF XR8 Bionic. |
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#30 | |||
Sling Shot
Join Date: Jun 2009
Location: Canberra
Posts: 444
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Time to get a bus pass then.
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