Price of LPG going up?

flappist · 21-12-2008, 05:30 PM

I heard a rumour today that the price of LPG will be going up to about the same as ULP after Xmas. The source was very credible but wishes to remain anonymous.
If this is actually the case then I suspect there will be a lot of unhappy people who have converted their cars.

Has anyone else actually heard anything (as opposed to their personal opinion) that can confirm or deny this?

vztrt · 21-12-2008, 05:34 PM

OK lets say this is true.
What reason would be given seeing as the entire world is slowing down and demand for this resource won't be as high?

flappist · 21-12-2008, 05:43 PM

Quote:

Originally Posted by vztrt

OK lets say this is true.
What reason would be given seeing as the entire world is slowing down and demand for this resource won't be as high?

To me it does not make sense as there has been a push to convince people to convert to this fuel but maybe it will just be an excise increase. There will have been a major shortfall in government income since the price dropped.

The LPG push was by the previous government so it is not exactly a back flip if it is infact implemented.

But as I stated in the first post, the source seems to be fairly knowlegable.

XR Martin · 21-12-2008, 05:39 PM

Well it certainly isnt going down. Here petrol has dropped atleast 50c/L in the last 4 months, LPG hasnt dropped at all. (still 55-60c a litre)

4Vman · 21-12-2008, 05:53 PM

It wasnt the same person who said petrol would be $2.00/L by xmas was it??!!
I saw LPG for $0.41/L today.

Whitey-AMG · 22-12-2008, 10:09 AM

Quote:

Originally Posted by 4Vman

It wasnt the same person who said petrol would be $2.00/L by xmas was it??!!
I saw LPG for $0.41/L today.

39 cp/ L at the United in Scoresby Victoria...........
@41 cp/ L at almost every SHELL in the Eastern burbs

Only 3 days left to get it to $1.00 +................

Try this site as well :

http://www.racv.com.au/wps/wcm/conne...ces?CACHE=NONE

flappist · 24-12-2008, 03:14 PM

Quote:

Originally Posted by ESP

39 cp/ L at the United in Scoresby Victoria...........
@41 cp/ L at almost every SHELL in the Eastern burbs

Only 3 days left to get it to $1.00 +................

Try this site as well :

http://www.racv.com.au/wps/wcm/conne...ces?CACHE=NONE

71.9 for LPG, 89.9 for E10 petrol (1.05 for 98) today in Hervey Bay. $1.25 odd for diesel.

burnz · 24-12-2008, 09:23 PM

Quote:

Originally Posted by flappist

71.9 for LPG, 89.9 for E10 petrol (1.05 for 98) today in Hervey Bay. $1.25 odd for diesel.

70.9 lpg.....85.9 E10.....100.9 synergy 98
liverpool mobile.

prydey · 25-12-2008, 01:30 AM

filled up for 38.9 in adelaide today.... sort of. 46.9 pump price. 4c off plus spend more than $5 in store and get another 4c off so 8c off. the fact that i put 105L in makes it worth it. basically got a free wheels mag.

Whitey-AMG · 28-12-2008, 01:13 PM

Quote:

Originally Posted by flappist

71.9 for LPG, 89.9 for E10 petrol (1.05 for 98) today in Hervey Bay. $1.25 odd for diesel.

Northeners are obviously footing the LPG bill for everyone else.

With Discount voucher LPG @ 37cpl in Easter burbs at most SHELL servos today.

ULP ...$1.05 with voucher or @ 1.09 at 3 shell servos today without voucher. United was 100.9 c in Scoresby and Mulgrave !!!

flappist · 28-12-2008, 01:39 PM

Quote:

Originally Posted by ESP

Northeners are obviously footing the LPG bill for everyone else.

With Discount voucher LPG @ 37cpl in Easter burbs at most SHELL servos today.

ULP ...$1.05 with voucher or @ 1.09 at 3 shell servos today without voucher. United was 100.9 c in Scoresby and Mulgrave !!!

I wonder if all the LPG is made in Victoria. It seems very cheap there and SA with it being expensive is all the other states. I suspect LPG transport would be a much bigger pain than petrol/diesel which may account for the difference. Here, E10 is still in the low 80s with ULP in the high 80s/low 90s and 98ron just about to crack the "less than a dollar" barrier (I hope)

Diesel, of course, is still $1.20++ which always brings a little smile to my dial when I see the brizzo harry butlers going white with shock and fanning their new akubras after pumping $LOTS into their super shiny mike and mal leyland endorsed sticker covered blocks of flats on wheels.

Spanrz · 21-12-2008, 05:58 PM

Is it the Fed Gov / State Gov's LPG tax coming into fashion....???

I know a few years ago, there was a Gov ruiling, that a tax (duty) was implied on LPG, but the tax was seen as to make LPG come into square with Petrol, as Petrol had a duty tax and LPG didn't.

Yellow_Festiva · 21-12-2008, 05:59 PM

Hmmm a 100% increase......

Christmas is just around the corner so we shall know soon enough.

**PepeLePew** · 21-12-2008, 06:16 PM

Doesnt look there is any change in the position of the Saudi price the stuff is tied to....and even with any excise there isnt going to be a 100% increase in the price.

Its interesting the power of the internet. Even if this post as no basis there are those who will read it and it'll seed doubt....

Of course they're still screwing our transport industry with diesel so nothing is completely out of the question. Might as well add the taxi industry...

ivorya · 21-12-2008, 08:06 PM

I thought the fed gov have said that they need to tax LPG but only to a max of 12c. I guess we'll wait and see

Perana · 21-12-2008, 08:10 PM

Yeah and ULP was going to be $2/L by christmas....

LPG is getting excise added at the rate of 2.5cpl until it hits 12.5cpl though.

If anything i'd say that a discontinuation of the $2000 grant would be more likely. Though this is still unlikely since they have just last month doubled the grant for New Vehicles...

baboon · 21-12-2008, 08:58 PM

We are still in a long term bull market in resources. Oil production has been reduced by 2.5million barrels.

When US$ goes up oil comes down, but when US$ goes down oil goes up.

The US are in debt and are printing millions of dollars on their printing presses to devalue the dollar. The US dollar is going to collapse if they continue to print money. This will also add pressure to oil prices and they will continue their way up again.

If the government subsidies something like gas conversions, they are making an investment for the future. The money will have to come back to them somehow and will probably be from a rise in excise.

These are my opinions only, but I truely beleive that we'll see higher prices in oil next year or two...

**GasoLane** · 21-12-2008, 09:28 PM

Quote:

Originally Posted by baboon

The US are in debt and are printing millions of dollars on their printing presses to devalue the dollar. The US dollar is going to collapse if they continue to print money.

Say what?

Is Pauline Hanson running things in the US treasury these days?

minheim · 21-12-2008, 10:13 PM

Traditionally LPG prices rise in Australia in summer as it is the Northern Hemisphere winter and hence the Saudi price (used by us for benching export parity) rises due to increased demand.
That said I can't see it being the same price as petrol given it is not as efficient. It it were the same people with dual fuel would use petrol and then supply would exceed demand here and prices would drop. We might see it become less advanatgeous to use gas if petrol stayed low given the greater volume required for equal kms. Whether international recession affects petrol and gas equally I don't know but I suspect it will still be cheaper in Australia to run on gas.

vztrt · 22-12-2008, 05:48 PM

Quote:

Originally Posted by minheim

That said I can't see it being the same price as petrol given it is not as efficient. It it were the same people with dual fuel would use petrol and then supply would exceed demand here and prices would drop.

You would be worried if you have straight gas.....or sell cars that are straight gas.

Also if this did happen there would be alot of installers that would be in big trouble.

baboon · 21-12-2008, 10:22 PM

Quote:

Originally Posted by GasOLane

Say what?

Is Pauline Hanson running things in the US treasury these days?

She might as well be. The US have borrowed and consumed way way too much. The stimulus packages they are producing is either borrowed money from other countries or from the Fed reserves printing press.

Once other countries realise the US cannot pay the money back they'll stop lending to the US. The US will have to keep printing money to bail out the car manufacturers again when they find out the $13 billion wasnt enough. Other companies will ask for a bailout too and they'll keep printing money. This will cause hyperinflation. Not good for oil price as it is priced in US$.

I wish them goodluck.

sgt_doofey · 21-12-2008, 10:57 PM

Excise doesn't come in to affect until 2011. Then it's 2.5c/L, adding 2.5c/L every year until it's 12.5c/L. It's not that.

We've seen LPG prices drop here in Adelaide. I saw it as low as 44c/L today. Hasn't been that low for a while.

flappist · 21-12-2008, 11:18 PM

Quote:

Originally Posted by sgt_doofey

Excise doesn't come in to affect until 2011. Then it's 2.5c/L, adding 2.5c/L every year until it's 12.5c/L. It's not that.

We've seen LPG prices drop here in Adelaide. I saw it as low as 44c/L today. Hasn't been that low for a while.

That was the goverment promise..

Hopefully it will not be like:

No child living in poverty by 1990.
It is L A W law.
There will NOT be a GST.

etc etc etc......

atec77 · 22-12-2008, 01:57 AM

Quote:

Originally Posted by GasOLane

Say what?

Is Pauline Hanson running things in the US treasury these days?

Shame she wasn't
no income tax and a 1% transaction tax with no gst... mmm easy to follow and VERY effective

alter_EGOXR · 21-12-2008, 11:13 PM

dont understand why LPG would increase when petrol is decreasing, afterall i always thought as long as they make petrol theres always gonna be LPG....and isnt the government still giving rebates for LPG conversion?? Whats the rebate on it?? still 2gs?

gtfpv · 21-12-2008, 11:49 PM

hmmm . i guess it could be a way to print money here in australia , where tax payers who travel a lot for work can put more money in revenue so they can give it to all those unempoyed people with children you see in the shopping malls pigging out in the hot food stalls laughing and celebrating life everyday.

Perana · 21-12-2008, 11:51 PM

I suggest keeping politics out of this thread if you would like it to stay open...

cupic · 22-12-2008, 12:13 AM

GAS same as Petrol mmmm I will stick with petrol then

cheers

kocho · 22-12-2008, 09:44 AM

Quote:

Originally Posted by cupic

GAS same as Petrol mmmm I will stick with petrol then

cheers

Yeah, its good having the option.

I've had my car converted for about a year. For the last few weeks, I've been getting at its cheapest price within that year (38.9 cents). Before that, it was consistently 60 cents a litre give or take 4 cents either way. I keep a log on all the fuel I buy, what the price of petrol is at the same time and how much I save.

OLDFORDNUT · 22-12-2008, 08:16 AM

the price of LPG has been around .80cents a litre for 2 years here in the bay,sonow petrol is down in the mid nineties lpg costs much more in real terms as in all older conversions you lose between 30% - 40% efficency per tank full ,it makes petrol cheaper by a big margin,newer systems are much better especialy if direct injection setups ,but majority of LPG cars are over 5 years old,
So it depends a lot on where you live as to any advantage on gas