WTF $70 US per barrel

[Twinpiston]

Well thats just great!!!!!

[Blue Ice]

Should all switch to Natural Gas cars.

http://www.advance-auto.com/english/...0021101rf.html

[BTTB]

Originally Posted by Blue Ice

Should all switch to Natural Gas cars.

http://www.advance-auto.com/english/...0021101rf.html

I heard about that 5 years ago... I think its a great idea coz you get the gas for the same price per liter as what you use to cook your food for.

But can you imagine what the backyarder yobbos will do with that !!!

: !!!KABOOM!!! :

[Blue Ice]

Originally Posted by EFGTHO

I heard about that 5 years ago... I think its a great idea coz you get the gas for the same price per liter as what you use to cook your food for.

But can you imagine what the backyarder yobbos will do with that !!!

!!!KABOOM!!!

Run the barbie off it.. Lolz

[BTTB]

and the lawn mower

and the kids mini bike

LOL

[Blue Ice]

Do home 9kg bottle refills on the sly.

[XCGS351]

No doubt the heat between the US and Iran is playing some part. Iran has threatened to disrupt the world oil supplies if the US bombs them. Lets see how all this plays out.

[Van D]

Time to swap my XF 4.1 for a datto? ... Maybe.. lol.

[Smoked]

Originally Posted by Blue Ice

Should all switch to Natural Gas cars.

http://www.advance-auto.com/english/...0021101rf.html

thats awesome. i want that type of refiller for my car.

[Chippar]

If you want to check out all the current fuel prices in the USA, just click on the following link.



http://www.gaspricewatch.com/new/

[XR Martin]

Cost me $28 to fill my Futura the other day

[OzJavelin]

Originally Posted by FordFan86

Mmm gotta love working in a servo.
It's even more annoying when they say "I know it's not your fault but it's a ripoff"
how about stfu either way I dont care I'm here to work wether you're ИИИИИing at me or the price you're still ИИИИing ИИИИИing.

I don't think you'll love it if/when fuel keeps rising .. more driveoffs, robberies, etc ..
Some morons out there supposedly can't afford $10 for a few litres of petrol (let alone bother registering their cars), so a $10 fuel price increase will mean they will just resort to stealing it.

[telstar1]

on the news this morning they r blaming the economical growth in china and iran might have necular weapons for the latest price rise of oil being over 70 dollars a barrel

[OzJavelin]

Originally Posted by telstar1

on the news this morning they r blaming the economical growth in china and iran might have necular weapons for the latest price rise of oil being over 70 dollars a barrel

And whos fault is economic growth in China? .. the West. We are falling over ourselves to hand them all our secondary and tertiary industries ..

[merlin]

On the world news yesterday there was a story about how petrol in the US had just hit the equivalent of $1 a litre (Australian). They were interviewing some housewife filling up her Hummer at the gas station and she was like "this can't continue people won't be able to drive to work anymore" ect ect. Looks like America's obsession with SUV's might come to an end soon hmm....

[FordFan86]

Originally Posted by OzJavelin

I don't think you'll love it if/when fuel keeps rising .. more driveoffs, robberies, etc ..
Some morons out there supposedly can't afford $10 for a few litres of petrol (let alone bother registering their cars), so a $10 fuel price increase will mean they will just resort to stealing it.

Sorry, sarcasm is hard to convey across a forum...
As for drive offs etc, nothing we can do about it. We had about $200 worth in < one week after nothing for a few months. Yet a major servo that did 50,000 litres in ONE day in the same week (roughly what my boss does in 3-4) had not one drive off... Just the way it goes I guess.

[OzJavelin]

Originally Posted by FordFan86

Sorry, sarcasm is hard to convey across a forum....

Cool .. my bad .. obviously I didn't read it properly.
Rod.

[Disco1986]

just take 4 spark plugs out of your I6, and it will be cheap as!

[[Tonko]]

Originally Posted by joshf2

dont blame the price per barrel

blame the govt excise

also the GST on top of the excise, makes up about 40c/ litre i heard somwhere... out:

[Sourbastard]

Originally Posted by OzJavelin

And whos fault is economic growth in China? .. the West. We are falling over ourselves to hand them all our secondary and tertiary industries ..

all that rubber dog sh|t aint gonna make itself!

hands up, who among us is a consumer whore?

....
....


I guess noone heard me over the racket from their ipods.

[djjase]

Taxes saving petrol prices
Gillian Bullock
August 2004

Who would have thought that Australians would be grateful for taxes! But the duty we pay on petrol, which amounts to at least 60 percent of the cost at the bowser, is providing us with a buffer against any huge price rises, writes Gillian Bullock.

Earlier this month, National Iranian Oil company chief adviser Ali Samsan Bakhtiari told the Western Australian state cabinet that petrol prices could hit $3 a litre in Australia within three years.

But AMP chief economist Dr Shane Oliver disputes this figure, saying that while petrol prices may remain high, the oil price would have to jump fivefold from its current record levels of about $US45 a barrel to $US236 a barrel to achieve a bowser price of $3 a litre.

"Because the bulk of the money you pay at the bowser goes to the government in taxes, this provides Australians with a buffer," says Oliver. "I don't think this has been taken into account with the $3 prediction."

Indeed, Oliver estimates that for every $US1 rise in the price of oil per barrel, this only translates to 1c a litre for motorists.

So even if the oil price were to double to $US90, petrol at the bowser would still be no more than $1.50 a litre.

But Oliver believes that unless there were something like a major terrorist attack in Saudi Arabia, the oil price would be unlikely to double.

This is because the world economy would act as a natural counter to any huge rise in the oil price. According to Oliver, every $US10 rise a barrel in the oil price knocks 0.3 percent off global economic growth.

"If economic growth were to fall significantly, then demand for oil would also fall, so the process would ensure a huge price rise does not happen."

Nevertheless, he concedes petrol prices will remain high, a view shared by Westpac chief economist Bill Evans. "The prospect of petrol prices coming down sharply is probably quite small," says Evans.

But while the higher prices impact on disposable income, Evans believes that the Australian economy is currently receiving sufficient stimuli in the form of tax cuts and family payments to offset the $1-plus bowser price.

Since the end of last year, the world oil price has jumped by more than one third on the back of unrest in the Middle East, the disruption to Iraq's southern oilfields, more demand for oil from China, the refilling of reserves in the US and the fact that Russia's largest oil company Yukos is on the verge of collapse.

Clearly it has an impact on our pockets here in Australia, but maybe not as severely as in the picture painted by Bakhtiari.

[4.9 EF Futura]

Well for those who continue to point the finger at our government and how "outrageous" the fuel taxation in Australia is... download a copy of this:

http://www.gtz.de/de/dokumente/en_In...rices_2005.pdf

I'm not going to bother explaining it. If you're remotely interested in international petrol prices and the relative contribution of government taxs then have a read.

Blame the government, blame china, blame whoever the hell you want. You want fuel - so does everyone else in the world. You want cheaper fuel - so does everyone else in the world. Lots of people + finite resource = high prices.

Build a bridge and get over it. There's more important things in this life than the price of bloody petrol.

[Tiapan]

who cares its just another thing that people wanna whinge about,
my eco crusier is a 5 litre and my uneco brusier is a 393, if fuel goes up another 20 cents a litre its still fuel and i want it and i dont have the power to fix it so i will shut the fkuc up and buy it, its only like another 13 bucks per tank, i didnt see any posts when the price of toohpaste went up.

if all of you stopped crying and bought hybrids then the demand would go down, then the prices, then my 393 could take me to work everyday!!!!! yay and i win...accept i will have no more red light competition..bugger..oh hell im building an interceptor and im just gonna steal all of your fuel.
sorry i have been drinking...bundy

[Rob]

Originally Posted by Tiapan

sorry i have been drinking...bundy

mmm bundy.

Maybe we could convert to run on bundy OP... its strong enough to run a car.....

Might create trouble at the bowser though.


One sip for me, one sip for falcon! :

[DOC]

Originally Posted by djjase

So even if the oil price were to double to $US90, petrol at the bowser would still be no more than $1.50 a litre.
.

Quoted on the radio that it may reach $1.50 - $2 a litre soon.

[Bossxr8]

Originally Posted by 4.9 EF Futura

Well for those who continue to point the finger at our government and how "outrageous" the fuel taxation in Australia is... download a copy of this:

http://www.gtz.de/de/dokumente/en_In...rices_2005.pdf

I'm not going to bother explaining it. If you're remotely interested in international petrol prices and the relative contribution of government taxs then have a read.

Blame the government, blame china, blame whoever the hell you want. You want fuel - so does everyone else in the world. You want cheaper fuel - so does everyone else in the world. Lots of people + finite resource = high prices.

Build a bridge and get over it. There's more important things in this life than the price of bloody petrol.

But it means bad things for Ford, in Australia and the US, and thats something that may effect us all. Looks like more down days coming up for me.

[jmc-007]

Originally Posted by DOC

Quoted on the radio that it may reach $1.50 - $2 a litre soon.

thats what is annoying me. they are gearing things up now so we will see 1.75 - 2.50 a litre.

if you pre scare people it wont be so bad.

[Martyvan]

Originally Posted by jmc-007

thats what is annoying me. they are gearing things up now so we will see 1.75 - 2.50 a litre.

if you pre scare people it wont be so bad.

I was just updating my electronic log book for one of my cars, and on June 5 2003, I paid 65.9 cents per litre...($0.659) just thought i would share our almost 100% inflation over a period of less than 3 years.

Cheers
Marty

[nobbystang]

As bad as it is I'm glad I don't live accross the Nullabor, i'm sure they'd be up to $2 by now

[AWD Chaser]

F****** petrol just F****** jumped more then 10c a litre from this morn:



Yes, that does say $1.39, just wait till tomorrow or ANZAC day....