Petrol Price crisis......

[whynot]

I found a list of historic petrol prices in Australia going back to 1925.

https://www.bitre.gov.au/sites/default/files/is_082.pdf (second last page)

Keep in mind it is in nominal dollars, it does not account for inflation. There is a CPI deflator in there if you wish to convert it to current dollars. (Edit: The CPI deflator is in 2011 dollars. You need two jumps to get to 2020. For example, 1974>2011. 2011 > 2020). For example, the price of fuel of 12.1c in 1974 is approximately 84c/l in 2020. But also keep in mind that excludes changes in fuel excise etc.


Year c/l
1926 5.00
1927 4.65
1928 4.30
1929 4.20
1930 4.05
1931 4.00
1932 4.00
1933 4.00
1934 3.95
1935 3.85
1936 3.80
1937 3.85
1938 3.90
1939 3.95
1940 4.75
1941 5.50
1942 5.85
1943 6.20
1944 6.20
1945 6.06
1946 5.77
1947 5.27
1948 5.59
1949 5.96
1950 6.43
1951 6.82
1952 7.40
1953 7.78
1954 7.31
1955 7.20
1956 7.68
1957 8.26
1958 8.05
1959 7.87
1960 7.79
1961 7.72
1962 7.48
1963 7.53
1964 7.43
1965 7.41
1966 7.99
1967 8.17
1968 8.52
1969 8.56
1970 8.73
1971 9.53
1972 10.1
1973 10.1
1974 12.1
1975 14.0
1976 16.1
1977 16.9
1978 18.3
1979 22.5
1980 30.6
1981 33.7
1982 35.9
1983 41.9
1984 46.0
1985 49.7
1986 52.5
1987 53.9
1988 54.7
1989 52.6
1990 60.3
1991 69.4
1992 66.7
1993 68.1
1994 67.0
1995 67.6
1996 70.6
1997 72.0
1998 70.6
1999 67.0
2000 78.2
2001 91.7
2002 83.8
2003 89.0
2004 91.2
2005 101.
2006 121.
2007 122.
2008 135.
2009 127.
2010 124.
2011 132.
2012 143.
2013 142.
2014 150.
2015 133.
2016 122.

[John 13]

Originally Posted by Bossxr8

It's still about 10c overpriced according to the experts. Oil companies still ripping us off, but what's new.

Whether or not you are interested in geopolitics there is an increasing amount of commentary relating to world oil prices and production. For a start I suggest Gareth Hutchens article " The world's energy order is changing - and China is set to reap the strategic benefits" and on youtube "Saudi Aramco; The company and the State".

[buggerlugs]

https://www.abc.net.au/news/2020-04-...-ever/12167518

[baboon]

Originally Posted by buggerlugs

https://www.abc.net.au/news/2020-04-...-ever/12167518

Dont believe it, dont understand it but how is it minus $US13 a barrell?

It says they have to pay people to take it away from them.... never seen before!

[Citroënbender]

If they’ll store it until I can collect it - deal!

[Bossxr8]

Originally Posted by baboon

Dont believe it, dont understand it but how is it minus $US13 a barrell?

It says they have to pay people to take it away from them.... never seen before!

It's really about $25 a barrel, but because the companies they supply to have full storages they they have to pay people to take it away.

[FoxtrotGolfXray 5.0]

Originally Posted by baboon

Dont believe it, dont understand it but how is it minus $US13 a barrell?

It says they have to pay people to take it away from them.... never seen before!

Same as whats happening on the wholesale electricity spot market right now; current price is -$40/MWh. We'd rather pay people to consume the electricity we produce than have to come off. It costs a lot more to have to shut down one of our units and restart than pay people to use our electricity.

[stig_3754]

Our local Caltex in Chirnside Park is 87.9cpl for 91!

[baboon]

Originally Posted by FoxtrotGolfXray 5.0

Same as whats happening on the wholesale electricity spot market right now; current price is -$40/MWh. We'd rather pay people to consume the electricity we produce than have to come off. It costs a lot more to have to shut down one of our units and restart than pay people to use our electricity.

Does this extend out to residential? I'd love to be payed to use your electricity!

[FoxtrotGolfXray 5.0]

Originally Posted by baboon

Does this extend out to residential? I'd love to be payed to use your electricity!

Unfortunately, no. As always, the retailers are the ones who absorb the costs (either savings or otherwise). Of course, those retailers who are not vertically integrated and have generation assets themselves, hedge their bets such that it is very unlikely they miss out. It is generally the consumer who bears that cost.

Anyway, sorry to stray off topic. Cheapest I have seen in town for 91 is 115.9. You guys in the big smoke have it good!

[Cav]

We is missing out

[John 13]

Originally Posted by stig_3754

Our local Caltex in Chirnside Park is 87.9cpl for 91!

Perth, 79.9 Woolworths with the discount and I don't need it.

[baboon]

Originally Posted by John 13

Perth, 79.9 Woolworths with the discount and I don't need it.

Perth petrol prices are so much more cheaper then Melbourne...

[Romulus]

Originally Posted by John 13

Perth, 79.9 Woolworths with the discount and I don't need it.

Expect to see the price of 91 ron around 70cpl in the next couple of weeks.

[Pis-ton broke]

does anybody know if ibc,s (1000l commercial plastic container) can store diesel?

[hayseed]

Originally Posted by Pis-ton broke

does anybody know if ibc,s (1000l commercial plastic container) can store diesel?

A few Weeks ago i saw 3 strapped on a Car trailer being filled up at My Local (Metro) Depot..

[hayseed]

Originally Posted by FoxtrotGolfXray 5.0

Same as whats happening on the wholesale electricity spot market right now; current price is -$40/MWh. We'd rather pay people to consume the electricity we produce than have to come off. It costs a lot more to have to shut down one of our units and restart than pay people to use our electricity.

The Spot oil Price also hit Negative territory last night..

https://www.bbc.com/news/business-52350082

[DJR-351]

Originally Posted by hayseed

The Spot oil Price also hit Negative territory last night..

https://www.bbc.com/news/business-52350082

[fordomatic]

$132.9 at BP in Fyshwick today, robbery. Thank god for Costco

[MITCHAY]

119.9 for 98 at BP in Civic today. I noticed 91 was 99.9 after Barr saying he would cap margins

[zipping]

Originally Posted by MITCHAY

119.9 for 98 at BP in Civic today. I noticed 91 was 99.9 after Barr saying he would cap margins

Vic is considerably lower atm 89.9 and 95.9 and 110 (i think) BP Heldeberg rd

[MITCHAY]

Originally Posted by zipping

Vic is considerably lower atm 89.9 and 95.9 and 110 (i think) BP Heldeberg rd

For context our CM said he wants petrol to be <$1 a litre or they would put caps on so they did the bare minimum to comply .

[burnz]

E10 95 $0.81
pulp 98 $1.04
gosford

[peaterj]

Vortex 98 @ $1.019/L Adelaide northern burbs.

[baboon]

Originally Posted by peaterj

Vortex 98 @ $1.019/L Adelaide northern burbs.

image

Looking like a time to buy a big thirsty V8 for a runabout now?...

[Syndrome]

Filled the car this evening with BP 91 RON at 102.9 c/l. Nice. Soon it will be back below the $1 per liter mark.

[Whitey-AMG]

They’ll be giving it away in Victoria soon.....

[hackney]

Originally Posted by Whitey-AMG

They’ll be giving it away in Victoria soon.....

$1.40 a litre for 98 here!

[Syndrome]

21 year low!

https://www.9news.com.au/national/co...e-725134715f5d

[BFIIGhiaZF6]

91 flutuates in price by about 50 cents a Litre, 98 about 20 cents

Guess what I use? Worth it I suppose though