Falling petrol price, how low will it go ?

[bob10]

Motorists could see petrol prices fall below $1 a litre | The New Daily (http://thenewdaily.com.au/money/2016/01/14/motorists-see-petrol-prices-fall-1-litre/)

[67hardtop]

When i first got my licence, super petrol was 19 cents a litre. I would get change from $2.00 filling my motor bike ( road bike). $20.00 would get me from Merredin to Perth and drive around all day and night in my 64 toyota crown. Those were the days. But on the other hand i was only earning $75.00 in my hand for a 45 hour week, as a trainee station master/ number taker. Night shift paid more $$

Cheers Rod

Sent from my GT-I9507 using AULRO mobile app

[p38arover]

When i first got my licence, super petrol was 19 cents a litre.

When I got my licence it was the equivalent for a gallon. I was shocked when I was transferred to Carnarvon in 1971 and it cost 35c/gallon - the same as a pack of 20 Marlboro!

[scarry]

We are all showing our age,when i got my first car,petrol was 13c/l.

When it crept up to around 22c/l there was a big panic and everyone was changing their cars over to smaller 4 cylinders.Welcome the Gemini,120y and 180B,etc.

Yet today,well over 35% of commodores sold are V8,and you can't buy a LC that isn't a V8,how things have changed.

[bob10]

We are entering uncharted territory.

Oil Prices Drive Stocks Rout: Dow Sheds Nearly 400 Points - NBC News (http://www.nbcnews.com/business/markets/u-s-stock-market-dow-plunges-oil-prices-spiral-lower-n497276?cid=eml_nbn_20160115)

[Narangga]

Always the same in this Territory :(

Category: | NT News (http://www.ntnews.com.au/news/northern-territory/nt-drivers-still-losing-out-at-petrol-pump/news-story/dad3729d2a3b3e8941af0f443b40bd8c)

[bob10]

I've moved all my super out of the market, into cash, which in my fund is capital guaranteed.[ did the same at the beginning of the GFC, didn't make much for some time, but didn't lose any. I have a bad feeling about this.]


Late Rally Helps U.S. Stocks Claw Back From Steep Selloff - NBC News (http://www.nbcnews.com/business/markets/stock-market-dow-dives-european-asian-shares-reel-oil-price-n500296?cid=eml_nbn_20160120)

[p38arover]

E10 was 99.9 cents/litre yesterday.

[67hardtop]

I seen unleaded at 98.9 yesterday at a servo on richmond rd between south and marion rds. Lpg was 73.9 diesel was less than $1.00. its getting cheaper to run on petrol than lpg atm.

Cheers Rod

Sent from my GT-P5110 using AULRO mobile app

[Ausfree]

We are getting ripped off here,BIG TIME....Unleaded is 126.9cpl:mad: I refuse to pay it to the crooks, I drive a couple of kays out and get it at 105.9cpl.:) It's not that I'm stingy. I just don't like being ripped off!!!!!

[Eevo]

I seen unleaded at 98.9 yesterday at a servo on richmond rd between south and marion rds. Lpg was 73.9 diesel was less than $1.00. its getting cheaper to run on petrol than lpg atm.

Cheers Rod

Sent from my GT-P5110 using AULRO mobile app


have they finished the road works there?

[67hardtop]

Not quite yet along south road. Gonna be a good thing i think. Will get traffic flowing better as long as they fix ALL of south road.

Cheers Rod

Sent from my GT-I9507 using AULRO mobile app

[Eevo]

i stopped going down richmond rd, was shocking for about 12 months

[p38arover]

Lpg was 73.9 diesel was less than $1.00. its getting cheaper to run on petrol than lpg atm.

LPG is 64.5 around here. It hasn't changed price for ages


We are getting ripped off here,BIG TIME....Unleaded is 126.9cpl:mad: I refuse to pay it to the crooks, I drive a couple of kays out and get it at 105.9cpl.:) It's not that I'm stingy. I just don't like being ripped off!!!!!

I no longer fuel up at Mittagong. Petrol there is regularly 30c/l more expensive than here.

I filled both the L322 and Turbo Forester with 95RON yesterday here at Emu Plains for 108.9c/l

[PTC]

I just bought a Costco membership and i am about to do a trip to relocate to Sydney. 170l of Diesel cost me $159. So cheep and i can fill up at another Costco as i drive into Sydney. Even though Petrol is dropping and getting close to their prices. Diesel is still $0.30 cheaper. So the saving already has covered my membership and i've only had it for a few days. I cant wait to see what the rest of the year will be like.

[p38arover]

I've never seen a Costco servo.

[whlump]

Parts of Ballarat 101.0 unleaded 96.9 diesel 57.0 lpg

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[PTC]

I've never seen a Costco servo.

There is only 1 or two in each state. And they are not at all the stores. Before this price drop they would normally be a big saving. Not sure if they will keep it up now that the rest of the servos are dropping their prices to where it should be.

[p38arover]

E10 is 95.3c/l around here. In Canberra over the weekend, I saw it was $1.24/l

I filled locally yesterday with 95RON for 106.9 (less 4c discount) - I had sufficient fuel to get back from Canberra without needing to fuel up at the high Canberra (or intermediate location) prices.

Last week, a local Woolies Caltex put the price up to $1.26/l from 99.9/l then a few hours later put it back down. I asked the attendant what happened and he said they put it up for some unknown reason as they hadn't had a fuel drop. However, none of the other local servos followed suit so they had to drop it again (there's another servo on the opposite corner).

[p38arover]

Well, it rose last night by 25c/litre.

The media always shows the rise and fall as a sine wave:

https://www.aulro.com/afvb/images/imported/2016/02/647.jpg

whereas it's really a reverse sawtooth, i.e., sharp rise, slow fall.

http://www.thedawstudio.com/wp-admin/Images/Sound_Waves/Sawtooth_Wave.jpg