Petrol Price crisis......

[Franco Cozzo]

I love how we actually have the manufacturing and agricultural capability for energy independence from the Middle East, as well as businesses with the capability to do it and a cleaner method of fuel to boot but we still go begging and hang wringing to OPEC hoping they'll increase production to cut everyone some slack.

[roKWiz]

Originally Posted by Franco Cozzo

I love how we actually have the manufacturing and agricultural capability for energy independence from the Middle East, as well as businesses with the capability to do it and a cleaner method of fuel to boot but we still go begging and hang wringing to OPEC hoping they'll increase production to cut everyone some slack.

Australia really has lost its way. We were once so self sufficient and actually could build things.

Amazing a tiny country such as Great Britain still manufactures so many things, respects its Heritage and farming culture and still has the highest monetary value in its pound. I bet they are glad they never went to Euros.

[LG17]

$2.41 in town today for diesel and $2.17 for 91 and the businesses in town wonder why locals aren't going to town and spending money...

[Romulus]

Originally Posted by Franco Cozzo

I love how we actually have the manufacturing and agricultural capability for energy independence from the Middle East, as well as businesses with the capability to do it and a cleaner method of fuel to boot but we still go begging and hang wringing to OPEC hoping they'll increase production to cut everyone some slack.

Can you imagine the Saudi's paying $3-4/L for petrol in Riyadh? European benchmark prices for a product made in arguably the biggest oil producer in the world? Well that's what's happening in Australia with gas. We're one of the largest producers in the world, we should have the lowest gas prices/electricity prices. We can thank the left and greens of successive governments for the path we're on.

I trust people haven't forgotten the increase in excise coming back in September. I'm expecting fuel prices to sit around $2.75/$3/L for 98 come end of this year.

[MITCHAY]

I filled up yesterday. I think it was the first time ever I had to use a PIN >$100) with 4c/lt discount to pay. Not even a full tank, 3/4 at best for 98.

Assuming that the full 22c excise discount is actually passed on, it's going to be a lot worse as mentioned above in September.

Not everyone knows about it but it was always a sunset so a bit of a nice little wedge setup right there

As for gas, that predictably went up but my electricity went down so that's good. The gas issue is a farce, we don't reserve enough for our own use but it's taking the **** with what we get back in export revenue.

They'd just flog more offshore if they opened it up more, I'm not convinced it would help us domestically either in supply or revenue regardless of government. We are so dumb when it comes to our natural resources.

[FTE217]

Filled up the Sprint with 95 yesterday


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[martyk54]

Originally Posted by LG17

$2.41 in town today for diesel and $2.17 for 91 and the businesses in town wonder why locals aren't going to town and spending money...

37% of diesel cost is tax (government). They printed money for 2 years, they can lower the price whenever they like.

And yes, I'll continue working from home and saving myself $120 a week in fuel cost.

[Yellow_Festiva]

Taken at the Shell Petrol station near Kallang MRT, Singapore on 15th June.

V-Power (100RON??) is $4.09 cpl
98 is $3.87
95 is $3.38
Diesel $3.13

(In Singapore dollars)

Converted to AUD as of today:

V-Power is $4.27 cpl
98 is $4.04
95 is $3.53
Diesel $3.27

On top of the fact that a basic car lick a Civic costs something like $135k to buy over there!

[EBSXR6]

Originally Posted by FTE217

image
Filled up the Sprint with 95 yesterday
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I am a bit wary about using 95. Seems to be a slow mover, people either go for 91 or 98. A couple of times when I had a petrol car filled up on 95 and the car ran badly.

[FTE217]

Interesting - I’ve been using religiously 95 & 98 with the Sprint since new and my regular daily BM 330i the same - both run fine I don’t feel any diff in performance.


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[Franco Cozzo]

People whinging about the price of lettuce too these days, even if they were free I still wouldn't eat em, if the price of potatoes goes up too much we'll lose all our Irish people.

I'll trade my lettuce for your 98 octane unleaded

Hopefully a kick in the *** for everyone to grow their own fruit and veggies like wogs do, taste way better too.

[EBSXR6]

Originally Posted by Franco Cozzo

People whinging about the price of lettuce too these days, even if they were free I still wouldn't eat em, if the price of potatoes goes up too much we'll lose all our Irish people.

I am very worried about Potatoes going up too much, not because of my Irish heritage but because my favourite Italian Food will cost more.

I would take a great serve of hand made Gnocchi with quattro formaggi sauce over a Pizza any day.

[five 7]

Originally Posted by EBSXR6

I am a bit wary about using 95. Seems to be a slow mover, people either go for 91 or 98. A couple of times when I had a petrol car filled up on 95 and the car ran badly.

Was talking to one of the staff at the gaso not far from me a while back, they said all there 95 was 98. Might just be a Kiwi thing with supply issues.

[GASWAGON]

U.S fuel crisis news.

Biden is trying to call for a 'Gas tax holiday' like our excise cut we now have here.

Its only 18cents per gallon....LOL!

The yanks have had it too good for too long with so many V8 oil burners!

[Bossxr8]

Originally Posted by GASWAGON

U.S fuel crisis news.

Biden is trying to call for a 'Gas tax holiday' like our excise cut we now have here.

Its only 18cents per gallon....LOL!

The yanks have had it too good for too long with so many V8 oil burners!

President potato can barely go 2 minutes without making a fool of himself. He's shafted big oil so bad with his exploration bans, that as soon as he introduced a gas tax holiday, the oil companies would raise the price up to wipe out the discount, just to spite him.

Will go down in history as one of the worst presidents ever.

[smoo]

Originally Posted by Bossxr8

President potato can barely go 2 minutes without making a fool of himself. He's shafted big oil so bad with his exploration bans, that as soon as he introduced a gas tax holiday, the oil companies would raise the price up to wipe out the discount, just to spite him.

Will go down in history as one of the worst presidents ever.

[hackney]

98 @ $2.78.9! Canberra suburb.91 @ $2.26.9 That 98 price does not sound right, everything around is in the $245.9 range.

[Sprintey]

Great discussion above about the WVO SVO and the self sufficiency themes. Well done Rokwiz. I agree that the country could be self sufficient in energy and transportation, and share the despair that it is run (gas!) the way it is currently run. It's really up to us if we want it. And agree with the officialdom bit.

At the start of Corona we planted fruit trees and have run a productive garden for some years before this, also this winter we've tried hydro lettuces which amazingly are growing quite well in the Vic winter (darker green leaves too) although a bit slower than summer.

2 jerries left from earlier price, that 2.78 in Canberra is nuts!

[Sprintey]

Originally Posted by roKWiz

Australia really has lost its way. We were once so self sufficient and actually could build things.

Amazing a tiny country such as Great Britain still manufactures so many things, respects its Heritage and farming culture and still has the highest monetary value in its pound. I bet they are glad they never went to Euros.

Yeah I keep an eye toward the olde countries, and I'm impressed with what I'm seeing. Seems they took a look into being a services economy around 2010, then produced a white paper where government would encourage manufacturing - which is true to their history, hub of the Industrial Revolution and all. So JLR is building huge battery factories, shipbuilding is strong and constant (no feast/famine in orders) with export success, they've decided to nationally own certain steel manufacturers with specialised IP (rather than flog these off, have the IP stripped, then the company discarded like what was done to Rover). New Nissan (or Mitsu?) plant with 2Bn of funds to upgrade, last I read. Their hand held kit has proven very effective in Ukraine, but that might just be warfare changing. Oh yeah, minerals resource rent tax from their conservative government, too. Wow.

And yes, keeping the pound was a godsend. If the rate of interest/currency supply was set somewhere else (ie somewhere with Octoberfest), they couldn't adjust independently when their economy needed it. They can also relatively devalue it to make their manufacturers more competitive (at the cost of more inflation on imports and 'beating' the locals to not consume so many, but rather work and export more)

There's still heaps of ingenuity here in Australia. It still inhabits the sheds and garages of the nation.

[MITCHAY]

Originally Posted by hackney

98 @ $2.78.9! Canberra suburb.91 @ $2.26.9 That 98 price does not sound right, everything around is in the $245.9 range.

WTF? Where is that, I'm looking at PetrolSpy now and the highest is $2.49.9 for 98.

[hackney]

Originally Posted by MITCHAY

WTF? Where is that, I'm looking at PetrolSpy now and the highest is $2.49.9 for 98.

BP @ Phillip.I think it is an error.

[fordomatic]

Originally Posted by MITCHAY

WTF? Where is that, I'm looking at PetrolSpy now and the highest is $2.49.9 for 98.

259.9 for 98 in Kaleen, 209.9 at Costco

[hackney]

Originally Posted by fordomatic

259.9 for 98 in Kaleen, 209.9 at Costco

Even that’s fairly high.

[GasoLane]

Originally Posted by hackney

Even that’s fairly high.

Canberra tax

[hackney]

Originally Posted by GasoLane

Canberra tax

I think what’s happened is that someone has uploaded a incorrect price.It is now sitting @ $2.48.9

[Tassie f100]

$2.44.9 here yesterday for diesel

[fordomatic]

Originally Posted by hackney

I think what’s happened is that someone has uploaded a incorrect price.It is now sitting @ $2.48.9

Even then, that’s a 40 cent disparity to Costco. I put 60 litres in the Terri today, that’s a saving of $24. I love Costco.

Edit: just rang Kaleen, 159.9 is the price, that’s a $30 saving, winning

[mad2]

Originally Posted by Bossxr8

President potato can barely go 2 minutes without making a fool of himself. He's shafted big oil so bad with his exploration bans, that as soon as he introduced a gas tax holiday, the oil companies would raise the price up to wipe out the discount, just to spite him.

Will go down in history as one of the worst presidents ever.

no he won't ........ THAT would be the forkhead before him.

[T3rminator]

Looks like Germany might thwart EU's plans to ban ICE by 2035.

That mean we'll keep seeing better German v8 tech over the next couple of decades?

[jpd80]

Originally Posted by Bossxr8

President potato can barely go 2 minutes without making a fool of himself. He's shafted big oil so bad with his exploration bans, that as soon as he introduced a gas tax holiday, the oil companies would raise the price up to wipe out the discount, just to spite him.

Will go down in history as one of the worst presidents ever.

The truth behind that right wing nonsense was that the leases taken back by the government were ones that oil companies had shown no interest in developing. Those oil companies still have thousands of leases that have not been developed and won’t be because the oil companies are getting fat off charging higher prices on restricted supplies.

The real issue for the US is a lack of refining capacity since covid, there’s been a backlog of maintenance shutdowns, the refineries that are online are working flat out.

The other point is for all the talk of shortages because of embargos on Russian oil, there are not shortages in fuel supply, just higher prices which benefits all those already rich oil companies….

The American right’s indignation regarding lack of government action on inflation is counterbalanced by silence or lack of criticism of all those corporates making out like bandits on higher prices…..where is the condemnation of their own financial contributors….

It comes down to this, in a free market, how much can a government really do to control prices set by independent businesses, how far could a government go without crossing a line…