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The Pub For General Automotive Related Talk |
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27-09-2005, 08:33 AM | #1 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Location: QLD
Posts: 1,255
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Petrol prices
John H claims we will never pay less then $1 a litre in the future and has told us to get use to it :
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27-09-2005, 08:43 AM | #2 | |||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,427
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27-09-2005, 08:48 AM | #3 | |||
Redhead extraordinaire...
Join Date: Jan 2005
Location: Blue Mountains, NSW
Posts: 2,049
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I heard on the news this morning that the ACCC will publish petrol prices and how much goes where, updated every day. Then we will be able to see where our money goes.
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27-09-2005, 08:54 AM | #4 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Sydney
Posts: 1,974
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I don't mind these higher prices - there is alot less traffic on the roads and I am getting to work much faster.
If someone had said to me before all this happened would you pay $5 a week to halve traffic congestion I would have said yes - basically that is what has happened.
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1966 Ford Mustang coupe. 347 stroker, PA reverse manual C4, TCE high stall converter, B&M Pro Ratchet, Edelbrock alum heads, Edelbrock intake manifold, MSD ignition, Holley Street HP 750 CFM carb, gilmer drive, wrapped Hooker Super Comp Headers, dual 3" straight through exhaust, Bilstein shocks, custom springs, full poly suspension, American Racing rims, Open Tracker roller spring saddles and shelby drop. Still to go - Holley Sniper EFI with integrated fuel cell. |
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27-09-2005, 09:16 AM | #5 | |||||
Official AFF conservative
Join Date: Dec 2004
Location: Adelaide, SA
Posts: 3,549
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Perhaps we should never have paid less than $1 per litre??? We sure as hell wouldnt have run out of oil so damn quickly, would we?
For those who have been monitoring the situation, you would be aware that the refining premium has come off significantly over the last two weeks... but is still almost double the average (average something like $4/barrel, currently $9/barrel down from $19/barrel the other week). However, oil still remains at a very high price and this will keep petrol prices high. Although I am not aware of JH's magical powers to control the price of an international commodity, my fellow countrymen seem to be of a different opinion. Commodity markets aside, I must once again admire the media's amazing ability to translate one form of english to another. The quote from JH: Quote:
Quote:
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A cup half empty... but full of euphoria. |
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27-09-2005, 09:22 AM | #6 | |||
I Hope Holden Dies
Join Date: Jun 2005
Location: Eastern 'Burbs, Melbourne
Posts: 184
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there was also talk of making pete costello force the ACCC to investigate price collusion as well. i just find it funny how petrol can one minute be 1.19 and then suddenly hike up to 1.35 within the space of a couple of minutes. but then again im on gas so it doesnt really worry me that much, but im still afraid that the next car i buy will be petrol : HRT R.I.P
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27-09-2005, 09:38 AM | #7 | ||
7,753
Join Date: Dec 2004
Location: Tasmania..... Moderator: Tas FPV club
Posts: 5,128
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There is a reality to this situation that is undeniable. I am not convinced some of what is being said is correct. Basically the oil companies haven't invested much in the way of improvement or finding new supply. That changes next year where they start actively looking for more reserves and build new refineries.
That part that is of concern to me is this get used to it part. That’s ok. But petrol is a TAX on TAX on TAX on TAX. If people stop using their car they stop spending money in small business like road side shops. If that happens they have to lay people off and perhaps even shut down. They then need to be supported by the rest of Australia and on it goes. Drive away theft is on the march and pretty soon you will need stainless tanks to prevent your tank from being milked. The rate that this has happened is the issue. Johnny said he can’t cut GST because he needs to get that money because people don’t have it to spend in the markets. He says he misses out in one hand so he has to get it with another. When you compare people buying food and petrol the man has a problem. One of those circumstances has a far greater impact. If people cut spending on consumables in order just to get to work the implications on the economy are far greater then “just get used to it”
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27-09-2005, 02:04 PM | #8 | ||
MY21.5 Mustang GT
Join Date: Dec 2004
Location: Shoalhaven, NSW
Posts: 2,450
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The ACCC has released the document explaining fuel pricing, I too heard it mentioned on the radio this morning.
It can be download from HERE from the ACCC website. Its a 500k PDF document. Havent had a look at it myself yet.
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27-09-2005, 02:21 PM | #9 | |||
Regular Member
Join Date: Aug 2005
Posts: 388
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27-09-2005, 02:23 PM | #10 | ||
owning V8=having no $$$
Join Date: Mar 2005
Location: Brisbane...
Posts: 1,717
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Yeah.... petrol is expensive and it seems that it will keep costing more and more, the question is...how much do we have left?? 10 years? 20 years? It's going to run out one day.....very worrying
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Weekends - 1965 XP 302 sedan... : Weekdays - 1980 323 Mazdabator complete with cheese cutters & FF sticker :dr_Evil: The Reality: 13.1 @ 106mph.... The Goal: somehow get into the 12s!!! :sm_headba www.qldsuperkart.org |
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27-09-2005, 02:29 PM | #11 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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I would be very surprised if he ever lost an election. They are far too well informed with the mood of the people and if knew he was going to go splat I suspect he would retire for "health" or "family" reasons (like so may others). But petrol over $1.00/litre is not end of the world. It is just a cost of living. There was a time, once, when a new Falcon was less than $1000 and most could not afford to buy one. |
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27-09-2005, 02:31 PM | #12 | |||
Official AFF conservative
Join Date: Dec 2004
Location: Adelaide, SA
Posts: 3,549
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Desperate is as desperate does. Im betting there are plenty of countries (USA, China, India) willing and able to go to war for the last of it. Will be interesting to say the least.
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A cup half empty... but full of euphoria. |
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27-09-2005, 02:39 PM | #13 | ||
owning V8=having no $$$
Join Date: Mar 2005
Location: Brisbane...
Posts: 1,717
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It's scary stuff...I read in some news articles that the U.S have capped off thier own oil wells to keep for themselves!! Thier theory is to use all the worlds oil resources..and when this runs out...to hell with everyone else we've got our own oil now!!! what the!!
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Weekends - 1965 XP 302 sedan... : Weekdays - 1980 323 Mazdabator complete with cheese cutters & FF sticker :dr_Evil: The Reality: 13.1 @ 106mph.... The Goal: somehow get into the 12s!!! :sm_headba www.qldsuperkart.org |
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27-09-2005, 02:42 PM | #14 | |||
not here much anymore
Join Date: Dec 2004
Location: Sthn NSW
Posts: 22,918
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Quote:
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27-09-2005, 02:46 PM | #15 | |||
FF.Com.Au Hardcore
Join Date: Jun 2005
Posts: 3,633
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I'd be happy for fuel to stay about 1$/litre, but not at the current $1.40+/L .. about $1.20/L "seems" manageable (I'm currently using about 130L/week!!). We can't give petrol away or we'll just waste it like we've been doing (like water!). We can't let the Yanks (and us) build bigger and bigger SUVs (which make my Dodge Phoenix look like a Mazda 323) to drive a single person to work everyday. Hmmm ... all very interesting. |
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27-09-2005, 04:54 PM | #16 | |||
its not a!
Join Date: Jan 2005
Location: Rockingham, WA
Posts: 714
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Quote:
The government would still find a way to get that money back off you.
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27-09-2005, 05:08 PM | #17 | |||
Official AFF conservative
Join Date: Dec 2004
Location: Adelaide, SA
Posts: 3,549
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Quote:
That's a long term solution, isnt it :
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A cup half empty... but full of euphoria. |
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27-09-2005, 05:30 PM | #18 | ||
beep beep
Join Date: Dec 2004
Location: Melbourne
Posts: 1,971
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Personally i'm happy for the government not to reduce taxation on petrol.
HOWEVER those people that are in jobs that require you to have a car for work should be given an allowance by the employer to pay for the petrol (or get given a fuel card which incorporates private usage at a rate of perhaps $80 inc gst a month). Those that require a car to get to work (no public transport) should be given monthly/fortnightly whatever concessionals (or a concessional card) from Centerlink which the federal and state government pay for until regular and reliable public transport is generated so that you can get to work in a timely fashion. Having to transfer over three types of vehicle/routes should be deemed 'acceptable', eg bus to train station, train station and then tram to nearby. As the state and federal governments would both be losing revenue - they would then also get centerlink collecting information on where people live and where they work therefore giving them some planning as to what areas need more public transport. It's a bit harsh - but if there is say only 20 years of petrol left - then may as well start planning now...
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Nothing to see here, move along, move along... |
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27-09-2005, 05:33 PM | #19 | ||
Clevo Mafia Inc.
Join Date: Dec 2004
Location: Melbourne
Posts: 10,496
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4.9 EF Futura is John Howard under alias, who else thinks petrol doubling in price in 2 years is good ? does that mean $2.80 a litre in 2007 will be ok as well ?
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27-09-2005, 05:48 PM | #20 | |||
Official AFF conservative
Join Date: Dec 2004
Location: Adelaide, SA
Posts: 3,549
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Quote:
So, what about $10/L in 2020? $20/L in 2021? As the oil supply dries up this is what you can expect. There's not a thing you, me, or JH can do about it. Yeah, that 38c/L excise will make a huge difference at $5/L wont it? What ever will you complain about then? Insist the PM of the day ban 4 cylinders to make fuel cheaper for V8 falcons? The more it costs, the less we buy, the longer it lasts. Would you rather pay 50c/L for 2 years, use 3 times as much and deplete oil 3 times as quick? Or would you prefer to pay $1.50/L and have it last 3 times as long? Remembering there is more to oil than our cars - plastics, fertilizers, medication etc etc
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A cup half empty... but full of euphoria. |
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27-09-2005, 05:54 PM | #21 | ||
Clevo Mafia Inc.
Join Date: Dec 2004
Location: Melbourne
Posts: 10,496
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I believe the price hike is due more to OPEC and oil companys being greedy rather than supply running out, call me synical, but that's what i think, and the governments crocodile tears don't go over well with me, John Howard "feels our pain"...yeah right, he knows the pain as well as a man knows what it's like to give birth.
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27-09-2005, 06:00 PM | #22 | ||
Regular Member
Join Date: Aug 2005
Posts: 143
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one should only blame the government for things that they actually have control over. People who blame the government for **everything** are dillusional.
The federal government cant impact the price of crude - that is determined by the world market price, which is heavily influenced by the collusion of OPEC. THe only control the government has over the price of petrol is in the taxation of it, which currently amounts to about 50cpl. Yes, expensive, but it has been like this for a very long time! The bottom line is that if the government were to reduce the excise, then they would have to find money from somewhere else to maintian a static amount of revenue. You can have petrol for 80cpl, but then your income tax will be higher. Basically, get used to it and blame economics, not the government. As stated, there is about 20-25 years worth of oil reserves at current best estimate. The less oil there is on the planet, the more its going to cost. Basic economics there. So now is the time to start acting on alternative fuels. The big factor is China and India - as their massive populations grow in wealth through industrialisation, so will the amount of disposable income which can and will be spent on cars! The situation is only going to get worse over time, so get used to it - its a fact of life! I'm sure if there are people here old enough to remeber, todays situation would probably be very similar to what the world went through in the late 70's early 80's! |
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27-09-2005, 06:18 PM | #23 | ||||
Clevo Mafia Inc.
Join Date: Dec 2004
Location: Melbourne
Posts: 10,496
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27-09-2005, 06:44 PM | #24 | |||
Social Disaster
Join Date: Apr 2005
Location: Brisbane Southside
Posts: 728
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Petrol prices have risen about 130% quickly over recent time, but has everyone's salary risen? No. This means that I'm spending more and more on petrol, but I'm not getting any extra income - so I'm out of pocket. I think the price of petrol has risen too fast for inflation to catch up. I don't think your arguement really applies to this situation.
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1995 EF Falcon GLi, Auto, 4.0L I6 Mods: 3.73 LSD | Darkest legal tint | tinted back lights | Sprayed Dash | Custom Trims Sound System: Fusion front splits, rear 3-ways, and 2 x 12" subs with ctrl, 3 x Fusion amps | Clarion HU | 1F Cap | 60GB Zen Xtra | 800W RMS output! |
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27-09-2005, 06:45 PM | #25 | ||
I wish I was a Pursuit...
Join Date: Jan 2005
Location: Albany WA
Posts: 402
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i'm so getting a bike and a house in town..................
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27-09-2005, 07:13 PM | #26 | |||
7,753
Join Date: Dec 2004
Location: Tasmania..... Moderator: Tas FPV club
Posts: 5,128
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Quote:
When I quote on a job I have to include the increase in transport but families don't have the extra money coming in. If they want the work done they have to find the money else where or go without. If they go without I need to find more work.
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27-09-2005, 07:31 PM | #27 | |||
7,753
Join Date: Dec 2004
Location: Tasmania..... Moderator: Tas FPV club
Posts: 5,128
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Quote:
The more it costs the less we have out of our budgets to spend on other things. The cost of everything increases and as it does so to will unemployment. For sure the nice weekend trips will be the first to go, then the take away food, clothes movies, DVD rentals and so on. The quality of living will drop off because people need transport. If you are in remote places or places where public transport doesn't have a strong infrastructure you have very little choice. It’s essential. What this will do is hasten the development of alternate fuels. If OPEC prices themselves out of the market the auto industry will move on to plan b if only for the sake of the global economy. As it is this has probably served as a wake up call to fast track alternate energy. By the time it is close to running out they may not be able to give it away as no one will be relying on it. This is an unsustainable situation.
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BREAKING NEWS: The Pity Train has just derailed at the intersection of "Suck It Up & Move On" after it crashed into "We All Have Problems" before coming to a complete stop at "Get the Hell Over It." Reporting LIVE from Quitchur Bitchin' |
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27-09-2005, 07:35 PM | #28 | ||
beep beep
Join Date: Dec 2004
Location: Melbourne
Posts: 1,971
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Just to be self centered - did anyone read my response - i thought it was a little contraversal and would have gathered a little attention... or is it actually possible and people are scared that it could work?
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Nothing to see here, move along, move along... |
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27-09-2005, 07:39 PM | #29 | |||
Social Disaster
Join Date: Apr 2005
Location: Brisbane Southside
Posts: 728
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Quote:
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1995 EF Falcon GLi, Auto, 4.0L I6 Mods: 3.73 LSD | Darkest legal tint | tinted back lights | Sprayed Dash | Custom Trims Sound System: Fusion front splits, rear 3-ways, and 2 x 12" subs with ctrl, 3 x Fusion amps | Clarion HU | 1F Cap | 60GB Zen Xtra | 800W RMS output! |
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27-09-2005, 07:41 PM | #30 | |||
Formerly Black EX-R6
Join Date: Jan 2005
Location: Earth
Posts: 1,265
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Quote:
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