Record-breaking petrol prices

bindi · 17-08-2005, 09:24 AM

Ok this morning I went to fill up at Lawson (Blue Mtns NSW) to find it was 126.9cpl. I am shocked and stunned.

This meant my precious Optimax was 135.9cpl. I almost keeled over.

WTF is going on? I watched the news recently, they didn't mention THIS much of a hike.

*Bindi goes off sulking, hoping soon to get another LPG car...*

mcflux · 17-08-2005, 09:29 AM

sucks eh!

It's the only part I don't like about owning a V8.

BJ · 17-08-2005, 09:32 AM

I paid $1.35 a liter PULP at the Heathcote BP on the way home on Satyrday. I guess thats the price we pay for Chinas need for fuel isnt it.

nat_daly · 17-08-2005, 09:35 AM

yeah 126.9 here in epping aswell..
how is anyone meant to pay this amount of price..its just rediculous

mcflux · 17-08-2005, 09:39 AM

Quote:

Originally Posted by nat_daly

yeah 126.9 here in epping aswell..
how is anyone meant to pay this amount of price..its just rediculous

It's better than when prices doubled in the early 80s at least

:

Dave_au · 17-08-2005, 09:37 AM

The bottomless cash pits driving the new age industrialisation of India and China will meet their supply demands by driving world crude oil prices to a new high.

Analysts suspect 92 ron to be around about the 1.32 mark before the end of the year.

nat_daly · 17-08-2005, 09:44 AM

Quote:

Originally Posted by Dave_au

The bottomless cash pits driving the new age industrialisation of India and China will meet their supply demands by driving world crude oil prices to a new high.

Analysts suspect 92 ron to be around about the 1.32 mark before the end of the year.

time to stop driving then

TheSneakiness · 17-08-2005, 09:48 AM

Saw petrol yesterday dearer than diesel for the first time in ages.

$1.17/lt. Diesel was $1.16

Pilch · 17-08-2005, 09:54 AM

I have one word for you all...... LPG

bindi · 17-08-2005, 09:59 AM

Quote:

Originally Posted by Pilch

I have one word for you all...... LPG

Yes, my hubby's car is on LPG but my rolla isn't. And we are saving for another LPG ford as I type!

Dammit, not happy Jan!

Steffo · 17-08-2005, 10:35 AM

Quote:

Originally Posted by bindi

Yes, my hubby's car is on LPG but my rolla isn't. And we are saving for another LPG ford as I type!

Dammit, not happy Jan!

Just put the Corolla on gas, and enjoy spending less then $1000 a year on fuel

bindi · 17-08-2005, 10:49 AM

Quote:

Originally Posted by Steffo

Just put the Corolla on gas, and enjoy spending less then $1000 a year on fuel

Yeah I'd like to see my little 4cyl on LPG make it to 50kph... upside? No speeding tickets I guess.

Steffo · 17-08-2005, 11:19 AM

Quote:

Originally Posted by bindi

Yeah I'd like to see my little 4cyl on LPG make it to 50kph... upside? No speeding tickets I guess.

Easily. If you setup properly, on a carb car like yours especially, there is little to no power loss. 2 to 3% max.

nat_daly · 17-08-2005, 10:04 AM

Quote:

Originally Posted by Pilch

I have one word for you all...... LPG

.............how much?

out:

Pilch · 17-08-2005, 03:46 PM

Quote:

Originally Posted by nat_daly

.............how much?

out:

It's been stable at $0.459 for about 3-5 months now. And I'm out in the stix so prices should be cheaper in metropolitan areas.

Mind you it hurts to fill the dirt bike, now costing me $22 per jerry

:

TheSneakiness · 17-08-2005, 10:06 AM

Quote:

Originally Posted by Pilch

I have one word for you all...... LPG

Already got that one mate.

xr8ute · 17-08-2005, 10:57 AM

Same thing my way too. Was about $1.14 in the morning, and on the way home $1.26....bastards :(

red_october · 17-08-2005, 11:31 AM

Might be time to use public transport if and when possible...

:

JG3282 · 17-08-2005, 11:50 AM

ah yes the joys of paying $0.35 per litre and the best part is that I get 72 litres of 103 octane fuel for only $25 and it gets me near enough to 500 km every time

I can't believe all the jokers that carry on about losing power on gas... Set Your Car Up Properly and you will make More Power!

Cost me roughly $350 to convert my car to straight gas and at a saving of $65 per week [80 litre petrol tank] since mid-april I think there's no cause for complaints, plus I am getting 100+ more km's every tank.

Steffo · 17-08-2005, 11:57 AM

Quote:

Originally Posted by ONGAS

I can't believe all the jokers that carry on about losing power on gas... Set Your Car Up Properly and you will make More Power!

I agree, it can, in eventuality, make more power then pump petrol. However, with a car like a Corolla for example, which is tuned for 91 RON, you'd need to bump up compression etc etc to gain from gas, there would by a tiny loss (3% absolute max), but so little it wouldn't be noticeable.

Plus the fuel bill savings will be awesome.

JG3282 · 17-08-2005, 11:55 AM

I do feel sorry for my Dad though, paying $1.20 plus a litre for diesel at 600 litres per refill

JG3282 · 17-08-2005, 12:04 PM

i drove a Focus Zetec for a week and got 7.4 L/100 and then jumped in a 3 valve V8 Fairlane and could not get below 14.7 L/100

it really made me cry when I put $50 in the Fairlane only to get about 40 litres for my money

Steffo · 17-08-2005, 12:06 PM

Quote:

Originally Posted by ONGAS

i drove a Focus Zetec for a week and got 7.4 L/100 and then jumped in a 3 valve V8 Fairlane and could not get below 14.7 L/100

it really made me cry when I put $50 in the Fairlane only to get about 40 litres for my money

Yeah.. the other day when we went to Wollongong.. I watched my dad put $30 into his van, for 26 litres...

When he puts $30 into the cab, he gets 75 litres... unbelieveable difference.

MITCHAY · 17-08-2005, 01:05 PM

I filled up with petrol at $1.13/lt yesterday when i was on my way home from school. On the way to work i went straight past the same servo and it had gone up to $1.26 in 3 hours hehehe.

4.9 EF Futura · 17-08-2005, 01:23 PM

Crude oil remains > $66 USD per barrel. Was @ 67.10 on friday!!!!!!!! Incredible.

Looks like AUD holding up OK, at time of this post was trading at US76c...

Despite the temptation to nominate china and india as the problem, their growth in demand has backed right off this year. The ridiculous demand always has been and always will be the US. And besides, china and india have just as much right to participate in the oil markets as we do.

Nuclear standoff re: iran certainly not helping to ease nerves and a few problems with US refineries at the moment i think.

It's not that bad. 30L @ $1.15 = $34.5. 30L @ $1.30 = $39. Not even 5 bucks....

Dave_au · 17-08-2005, 01:59 PM

Quote:

Originally Posted by 4.9 EF Futura

Despite the temptation to nominate china and india as the problem, their growth in demand has backed right off this year. The ridiculous demand always has been and always will be the US.

Actually as of 3 August 2005, oil consumption in China is 6% up on last year's levels to 2.6 million barrels per day, however the growth is not as rapid as it was in the first half of the year.

I grant that the US has the highest demand, however US demand appears to have been some what stable over the last few years, unlike the rapid growth of demand from China and India.

4.9 EF Futura · 17-08-2005, 03:07 PM

Quote:

Originally Posted by Dave_au

Actually as of 3 August 2005, oil consumption in China is 6% up on last year's levels to 2.6 million barrels per day, however the growth is not as rapid as it was in the first half of the year.

I grant that the US has the highest demand, however US demand appears to have been some what stable over the last few years, unlike the rapid growth of demand from China and India.

Yes, well put.

However, we should consider that growth in China's oil demand was around 15% during 2004 - the recent figures put them in line with global demand growth. I believe current oil consumption in China is 3million bpd compared with US consumption at 11 million bpd... estimates say chinese demand will topple the US in around 2030 but frankly i doubt the planet has got another 25 years of oil left in her.

Rapid growth always expected in a developing nation... but surely it's their right to do so?? Developed countires like ourselves have had it pretty good so far but now there's another billion mouths to feed from the 81 million barrels a day of global production... surely we cant blame them for taking "our" oil??

Sourbastard · 17-08-2005, 03:18 PM

Quote:

Originally Posted by 4.9 EF Futura

surely we cant blame them for taking "our" oil??

Yes. Im an only child, and I dont share well.

Dave_au · 17-08-2005, 04:00 PM

Quote:

Originally Posted by 4.9 EF Futura

Rapid growth always expected in a developing nation... but surely it's their right to do so?? surely we cant blame them for taking "our" oil??

I never doubted that, it was just one of my explainations as to the rise in fuel price, it's all a free market - and if "your" willing to pay more for a scarce resource than "I" am, then your welcome to it. No xenophobia in the Dave_au corner.

RED_EL_XR8 · 17-08-2005, 05:03 PM

$1.37.9 x 57L. Just adding it to the bill.

Public transport, yeah not again in this lifetime. The mass unwashed are free to travel Red free!!

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