Petrol Price crisis......

[MITCHAY]

Originally Posted by GasoLane

Is that your Costco price?

Originally Posted by JasonACT

Me too

I've been filling up at Hume lately. It can be a cluster**** getting in and out though. That's after 4c/lt discount through Woolies.

They empty their tanks pretty quickly (the tanker is almost always there when I drive/fill in the arvo) so being on a major route so I would expect they should rise soon enough.

The logic is costs are slow to drop is that they have already bought the fuel which makes sense but they will for sure pump it up which won't make sense but profit.

House always wins no matter what. The bigger and quicker they empty their tanks should in theory mean it more accurately reflects the market price but in practice it doesn't work that way

[GasoLane]

Originally Posted by JasonACT

Mine was the Hume (Woolies) Ampol +4c off docket, just up the road.

image

I was guessing that everyone would fuel at Cosco, or is their fuel rubbish?

[MITCHAY]

Originally Posted by GasoLane

I was guessing that everyone would fuel at Cosco, or is their fuel rubbish?

You need to have a membership. Even on the rare occasion I have been at Maruja Park the lines have been ridiculous so can only imagine it now

It would also be out of the way for most of Canberra. Not worth it for me personally. Hume is on the way home.

[fordomatic]

Costco is out of my way by 7km on the way home. Membership is $60 a year, if you filled up at BP instead of Costco today, it would have cost you around $35 extra to fill up.

I do around 30,000km a year and when you start adding up the savings are fairly significant. The longest I’ve waited at Majura is 10 minutes. I’m a massive tight *** so the saving a of around $1200 plus a year for me is a no brainer.

I hated when I had to fill up my old XR6T with BP Ultimate as it was tuned to it. Used to on average be 40-50cents dearer at Fyshwick than Costco.

[Franco Cozzo]

Originally Posted by Bossxr8

They were threatening to look into the servo operators this morning on TV.

They won't do $#%^. They never do.

Completely worthless organisation. No wonder the oil companies do whatever they want, they know they are untouchable by the ACCC.

Is it any surprise they are posting record profits atm?

I'm ready on the one star review and got Tracey Grimshaw on speed dial ready to go,

I been taking photos of my local servo price board every time I go past the bastards twice a day out the window of the car from the passenger seat and got me trusty tin foil hat to protect me from the lizard people.

Then they didn't put the price up, they know I'm watching, my tin foil hat must have a leak or Tracey called them and put in a word

[burnz]

Originally Posted by Franco Cozzo

I'm ready on the one star review and got Tracey Grimshaw on speed dial ready to go,

I been taking photos of my local servo price board every time I go past the bastards twice a day out the window of the car from the passenger seat and got me trusty tin foil hat to protect me from the lizard people.

Then they didn't put the price up, they know I'm watching, my tin foil hat must have a leak or Tracey called them and put in a word

Tracey wont G.A.F. so forget the speed dial, she's retired now..

[GasoLane]

Originally Posted by burnz

Tracey wont G.A.F. so forget the speed dial, she's retired now..

Aww c'mon...keep up


https://www.fordforums.com.au/showpo...postcount=2151

[Franco Cozzo]

Originally Posted by GasoLane

Aww c'mon...keep up


https://www.fordforums.com.au/showpo...postcount=2151

I never realised we had so many A Current Affair fans here on AFF, might explain some of the characters around here

[fiestaz]

Well I thought I would have seen fuel prices bounce 20c/L.

Local servo has dropped by 5c.

[GASWAGON]

As long as crude barrel prices stay around $80 range we should eventually get pump prices back to where they were before Putins stupid war.

[jpd80]

Originally Posted by GASWAGON

As long as crude barrel prices stay around $80 range we should eventually get pump prices back to where they were before Putins stupid war.

WTI may be around $80/barrel but the TAPIS is over $100/barrel and that affects us more.
In spite of that, people here are right, fuel prices are inflated compared to what they should be
and that especially true for diesel, it’s criminal the prices being charged.

[BENT_8]

91 has been $1.49.9 here in Adelaide for atleast a month, during the week it jumped to $1.89.9 so they might not put the 22c excise back on when the next batch comes through but they've certainlt put 40c on in the interim.

[jpd80]

Originally Posted by BENT_8

91 has been $1.49.9 here in Adelaide for atleast a month, during the week it jumped to $1.89.9 so they might not put the 22c excise back on when the next batch comes through but they've certainlt put 40c on in the interim.

Similar has happened in east coast states, retailers were required to charge the extra 22 cpl from the 29th so looks like the oil companies had a price increase with ULP as part of rising Tapis price.

Pretty clear that diesel buyers have been getting over charged with the +$2/litre prices and now the oil companies have absorbed the 22cpl to avoid price shock on already inflated prices.

$1.89 vs $2.10 for diesel, any benefit of diesel ownership seems to be getting squashed by higher prices, hybrid vehicles look like a better proposition for retail buyers…..

[T3rminator]

I don't mind paying the full excise, so long as they fix the freaken roads!

Heading north from Melb to Yea, along the Melba Hwy (100kmh), its a death trap. Managed to dodge every pot hole this morning, but saw a couple of cars pull over with emergency lights after the bad roads. The cost to fix or replace bent rims and shocks will make the excise feel like chicken feed.

It's put me off heading up north that's for sure.

Petrol prices seem to be steady hanging around $1.8x - $1.9x along the way.

[Franco Cozzo]

Originally Posted by jpd80

Similar has happened in east coast states, retailers were required to charge the extra 22 cpl from the 29th so looks like the oil companies had a price increase with ULP as part of rising Tapis price.

Pretty clear that diesel buyers have been getting over charged with the +$2/litre prices and now the oil companies have absorbed the 22cpl to avoid price shock on already inflated prices.

$1.89 vs $2.10 for diesel, any benefit of diesel ownership seems to be getting squashed by higher prices, hybrid vehicles look like a better proposition for retail buyers…..

It was a joke on diesel light vehicles, particularly my Focus, just prior to losing my licence I was doing the numbers and it'd be cheaper on daily running costs to have an EcoLPI Falcon ute than my TDCI Focus as well as getting a regional rego discount on a ute.

You got a bigger car, with a huge *** boot that's faster and more comfortable.

At least for us using ****boxes as dailies anyway.

[xr6turboford]

Originally Posted by Bossxr8

They were threatening to look into the servo operators this morning on TV.

They won't do $#%^. They never do.

Completely worthless organisation. No wonder the oil companies do whatever they want, they know they are untouchable by the ACCC.

Is it any surprise they are posting record profits atm?

To be fare the ACCC can’t do anything as price fixing is against the law. So the the servo’s can charge what they like and the oil company are within their right to change wholesale prices. I know it sucks and people are hurting.
The government needs to change the laws so the ACCC can act.

[jpd80]

Originally Posted by xr6turboford

To be fare the ACCC can’t do anything as price fixing is against the law. So the the servo’s can charge what they like and the oil company are within their right to change wholesale prices. I know it sucks and people are hurting.
The government needs to change the laws so the ACCC can act.

The valuable lesson here is that those people that can switch to electric vehicles should
and if enough city folk start to do that, it puts pressure on oil companies to change but,
if they don’t, then more will join the queue….

[Tassie f100]

Originally Posted by jpd80

The valuable lesson here is that those people that can switch to electric vehicles should
and if enough city folk start to do that, it puts pressure on oil companies to change but,
if they don’t, then more will join the queue….

But because oil companies know that not everyone can have an EV,they will probably take the view that they have to make the same profit,so overcharge the I.C.E people the extra ,so as to retain their bottom line

[BENT_8]

Originally Posted by jpd80

$1.89 vs $2.10 for diesel, any benefit of diesel ownership seems to be getting squashed by higher prices, hybrid vehicles look like a better proposition for retail buyers…..

Agreed, I barely even drive the Ranger anymore, done less than 1000km in the past 3 months and 400 of that was a weekend getaway.
If I hadnt spent money getting it setup for camping I'd probably sell it and even then its getting harder to justify it sitting in the driveway all week for the occasional use it is getting.

[jpd80]

Originally Posted by Tassie f100

But because oil companies know that not everyone can have an EV,they will probably take the view that they have to make the same profit,so overcharge the I.C.E people the extra ,so as to retain their bottom line

And when they do that, more of the fence sitters will switch, the people left will eventually demand better EVs to cover their needs or suffer the consequences of rising fuel costs…

Over $2/litre for diesel is already causing massive prices increases throughout our economy, so at some point change will come in the transport industry and as good and efficient as diesel is, the cost of fuel will make it prohibitive.

[fordomatic]

The handbrake is on the way home from Melbourne, she stopped at Holbrook for a break, went to fuel up and it's 40 cents cheaper down the road at Tarcutta. That's a $24 saving.

[jpd80]

OPEC members agreeing to cut oil production by 2 million barrels a day, set to increase US gasoline prices
by an estimated 20%, that could mean another 40 cpl on our prices…..oh boy.

[Franco Cozzo]

Originally Posted by jpd80

OPEC members agreeing to cut oil production by 2 million barrels a day, set to increase US gasoline prices
by an estimated 20%, that could mean another 40 cpl on our prices…..oh boy.

Vote 1 Franco - 'special military operation' against OPEC

[PooDog]

If only the world could build enough cheap EV,s that they end up ****#ing in their own nest

[Bossxr8]

Originally Posted by jpd80

OPEC members agreeing to cut oil production by 2 million barrels a day, set to increase US gasoline prices
by an estimated 20%, that could mean another 40 cpl on our prices…..oh boy.

Why would they do this? Talk about cutting off your nose to spite your face.

[tweeked]

Originally Posted by Bossxr8

Why would they do this? Talk about cutting off your nose to spite your face.

Makes sense, you are selling a finite resource, reducing production will increase the price on everything you will sell over time.

Businesses work on margin, increasing your sell price by 20% can double your margin.

Reducing production by 20%, demand and supply pressures can increase the sell price by 20% means that you generate the same revenue, but for longer. Your variable costs go down so you make more $'s and a much higher margin on sales.

[FoxtrotGolfXray 5.0]

Originally Posted by Bossxr8

Why would they do this? Talk about cutting off your nose to spite your face.

This article provides a few possibilities as to why

https://www.npr.org/2022/10/05/11267...production-cut

[T3rminator]

The flip side is that it could super accelerate the renewable energy sector. But a 2% cut is not going to bring the world to its knees. Probably just means western economies will find it hard to compete with emerging economies who continue to take discounted oil from Russia.

[Itsme]

Originally Posted by Bossxr8

Why would they do this? Talk about cutting off your nose to spite your face.

Purely for profit, no other reason.

[Bossxr8]

Originally Posted by FoxtrotGolfXray 5.0

This article provides a few possibilities as to why

https://www.npr.org/2022/10/05/11267...production-cut

To spite President Potato for one. I have mentioned this a few times before. They hate him.

Keeping prices high is only going to accelerate the move away from oil though, so they are kind of adding to their own demise. Although the world will never stop needing oil for plastics, paints and all sorts of stuff. Even if transport demand drops, it's still widely needing for other things.