Massive spike in Melb petrol prices in the last 24 hours...

[Franco Cozzo]

Meh, unless fuel costs $50/L its still cheaper than Jack Daniels and it doesn't come with the **** day after.

Was $1.43 for 98 here in Macedon Ranges, suckers

[LeadFoot81]

Originally Posted by Loud_Noises

Is it just me or have ULP prices shot up 20-22 cpl over the course of the past 24 hours? Petrol (91 RON) was sitting at $1.24-1.26 and all of a sudden shot up to $1.46-1.48.

What gives?

The 'weekly cycle' which has been around for donkeys years was replaced by a 'fortnightly cycle' which has been replaced by a 'wtf cycle'

However petrol was pretty cheap ( in the realm of 126c) for a chunk of time during this most recent cycle.

I do lots of kms per week, so I fill up half a tank at a time to try and get the best value for my dollar. The whole time it was 126c I topped up every second day. There are heaps of servos on the way to work, so its not a problem.

When I'm on weekend drives I don't really care about the price of petrol, but driving to and from work I want the best value.

[Phil B]

Originally Posted by FPV597

man is that for giggle gas .

Nope, poor quality 95 if your lucky.
Fairly often they put diesel in that tank by mistake, I haven't been caught out though.
If they have any fuel that week, they only get resupplied once a week.
If you can get to the servo before it shuts at 6pm, not open Sundays.
It's the only servo for 800km so there's no choice.
City people whinging have no idea...

[Dr Smith]

Originally Posted by 2011G6E

It's because the price of oil is down, and our dollar is still pretty strong...and when it rises again, that will be because our dollar is weaker and the price of oil has risen...or something....

Basically, it's because some whacker many years ago decided it would be a great idea to link our petrol prices to the refinery prices in Singapore instead of somewhere else...or just making it up as we go along like most countries do...

Started during Fraser government...international price parity
Now that you have Coles and Woolies controlling the retail market what hope have we. The rest of us in manufacturing buy ingredients, make something, cost it, add a profit margin and try and sell it, competing with tens to hundreds like us. The sale price of petrol has no bearing on the costs of producing the product and it only takes a few keyboard presses based on some international "incident" such as the security guard at some overseas refinery/oilfield being away with an ingrown toe nail and the international market goes into a fit of price increases.

[FTE-063]

Fairly often they put diesel in that tank by mistake,
what they are rednecks but anyway at least it's good for the rings [oil passing through via diesel]

[Phil B]

Originally Posted by FPV597

Fairly often they put diesel in that tank by mistake,
what they are rednecks

Yup... Lots of them up here. Electricians are dodgy too, put live 240v onto the steel power pole, my mate from work had a 240v electric fence for a few days (his gate even welded itself shut), when the electricians came and fixed it, they said it was normal and happened all the time!

[mik]

We should probably be thankful really, even when our fuel is expensive at times there are other countries that pay a lot more.

[Morexbs]

ULP was still $1.24 at the 7/11 at the end of the freeway in Frankston at 8.30 last night.All others I saw were $1.44

[Vincenzo]

Darwin - had our first price drop in nearly six months.

ULP 91 down from $1.64 to $1.62
ULP 95 down from $1.71 to $1.69
ULP 98 down from $1.86 to $1.84

Diesel drops from $1.64 to $1.62

LPG drops from $1.10 to $1.08

Cheers Vincenzo

[Roqua_99]

Originally Posted by mik

A couple of reasonably cheap priced weeks was nice, .........new it wouldn't last though.

Down here all I've seen is $1.43.9

I personally think that FAR from low. Especially being a devilry driver.

[thefargo]

just got back from Bali, it was up to 45c/L Aust when I left

[Roqua_99]

Wow. Why? Wouldn't you think a poorer country would be higher?

[ryeman]

[QUOTE=thefargo;4722923]just got back from Bali, it was up to 45c/L Aust when I left[/QUOTE

But how much was diesel?

[Mr Hardware]

Originally Posted by thefargo

just got back from Bali, it was up to 45c/L Aust when I left

So if a barrel of oil is US$80, and there are 159L of oil in a barrel, processing provides a yield of about a litre of petrol per litre of oil, so the oil cost component of each litre of petrol is going to be about 50c a litre.
So they are selling petrol at a loss?

[jimmyxr6t04]

we get robbed in canberra... it's always 1.48-1.52 for e10 regardless... I haven't seen it below 1.40 for ages! Bloody rip offs. for 98 is around 1.65...

[ryeman]

I think there's a digit missing there.

[Trump]

Originally Posted by Mr Hardware

So if a barrel of oil is US$80, and there are 159L of oil in a barrel, processing provides a yield of about a litre of petrol per litre of oil, so the oil cost component of each litre of petrol is going to be about 50c a litre.
So they are selling petrol at a loss?

Eighty dollars is the current spot price on the various bourses. The production price is far lower than that. Big Oil isn't in the game of losing money

[martyal44]

Price in Vanu Atu is $2.50/litre for diesel and ULP but they don't have that far to drive and don't wear seatbelts..
but I don't like how the price jumps so much in 1 hour without warning like I'll get some after work not before and its up again
and there's a tax on tax as in GST on sales tax.. address that independent senator Nick Xenophon

[Deco28]

Why do you guys even complain about petrol with prices that low. arghhh. Just paid 2.10/L...

[baboon]

Payed 112.9c/L for 91 after discount...

[ryeman]

Originally Posted by baboon

Payed 112.9c/L for 91 after discount...

Shell refinery dumping its stock to sell the site?

[baboon]

Originally Posted by ryeman

Shell refinery dumping its stock to sell the site?

Something like that must be going on here in G-town...

[Jason[98.EL]]

prices are weird here in geelong ATM the apco on Thompson road put their price up to 1,42 yesterday arvo then this morning it had returned back down to 1.24 ish and all the ones that had lifted prices ( that i see ) have all returned to 1.24 ish

[Dauphin]

Petrol spikes hugely and RBA drops internet rate to historic low. Things seem to never stop changing!

As a side note, it was interesting to read a war journo's mention that back during the war in Vietnam you could buy a tank of petrol in Bali for the same price as a nice beer at one of their local pubs.

[ryeman]

Originally Posted by Jason[98.EL]

prices are weird here in geelong ATM the apco on Thompson road put their price up to 1,42 yesterday arvo then this morning it had returned back down to 1.24 ish and all the ones that had lifted prices ( that i see ) have all returned to 1.24 ish

....and there goes another indepedant

[Jason[98.EL]]

Originally Posted by ryeman

....and there goes another indepedant

nah Mr Anderson is not doing it hard by a long shot the petrol side of his company is only a small part of it all

[joolz]

Id be filling up this week as im sure in Melbourne soon will be close to $1.60 pl according this>> http://www.aip.com.au/pricing/marketwatch.htm

[dallasv8]

$1.47 is the cheapest ive gotten in far north qld in the last few months