Fuel prices

[Phantum]

It just keeps going up and up just hit $1.75 a litre in Alice. Bio fuel is getting better every day. Has anyone else noticed that the news is no longer showing the price of crud oil. Well not here anyway.

Regards

[Fusion]

It will get to the point where no one will travel soon . Just going to the next town will be a big thing in a couple of years . But if everyone stops driving as much the price will drop after a while with full stock piles . Just a lot of money hungry people in the world right now .

Just had a look at oil prices and it's at $110 a barrel . Thats double what it was 3 years ago .

[Bushie]

May just be trying to soften us up, but there was an oil spokesperson on TV the other day predicting (IIRC) petrol prices would be $5/litre within 5 years.

Don't like the sound of that :mad::mad:


Martyn

[460cixy]

its going to go well up there trying to bring us on par with the euros ect

[V8Ian]

Do you realy think that even collectively our 90L fuel tanks are enough to influence the supply & demand balance? They're not, "no fill Wednesdays" and the like have no effect, you still use the same amount of fuel. Mines and no doubt other industries use in excess of 100,000L a day.

On the price issue, terminal gate price is related to the spot price in Singas, this can change daily. The catch is the contract price (how over 90% of fuel is traded) is under 1/2 of spot price. Half of what we pay at the bowser goes to the Government in various forms, so it is not in their interest to lower the cost, despite inquiries fiddling round the edges.

Next time you fill up don't whinge at the console operator, those poor sod are only there for the lousy $500 a week, even the site owner/manager is not making millions; the Government & overseas owned oil Companies are raking it in by the squillions though.

No I don't think your 90L will have much influence on the price, sorry.:(

[cartm58]

Market prices are more determined by oil traders predicting fuel price hikes in relation to expected oil shortages caused by disasters or war which really do't impact on oil availability on market. Oil has jumped up from mod 30's to 110 purely based on speculation. Problem is once traders realise buyers will continue to payout on these exhorbitant prices the last market jump shock becomes the new floor for fuel prices.

Disagree people stop using their cars or move to smaller cars as 1970's fuel was 13 cents litre now 1.40 litre people still doing the 20,000 km per year average mileage, public transport useage in cities haven't doubled even after city cbd car parking prices gone past $15 a day parking costs on top of your fuel, rego and insurance costs.

the cost of producing oil hasn't gone up and rising market prices means more oil reserves are becoming feasible for extraction which on lower prices didn't justify the expoloration extraction costs.

You notice also alternative fuel technology sources such as shale oil have not emerged as market providers and electric cars aren't being sold on the market and of course once oil prices rises for some reason they think lpg prices can go up to in relation to petrol when again no real reason for price hike justified.

yes fuel prices are a rip off of the market traders not the oil producing nations, they no longer have to raise prices under opec they merely let greedy american future market traders do it for them.

as Marx once said "the capitalist will sell you the rope used to hang himself with."

[inside]

I follow the oil price with interest. It's quite amazing who volatile it is. The last jump was based on decreased reserves in the US, the oil traders took this as increased demand. The truth was that US refineries operated below capacity because they know the US is heading for recession and believe they don't need as much in reserve. The oil market is not following the supply/demand rules that other markets follow.

How about this for news? Dorgan: Study on oil potential in Bakken formation to be released... | KXNet.com North Dakota News (http://www.kxmc.com/News/226287.asp)

[Fusion]

Do you realy think that even collectively our 90L fuel tanks are enough to influence the supply & demand balance? They're not, "no fill Wednesdays" and the like have no effect, you still use the same amount of fuel. Mines and no doubt other industries use in excess of 100,000L a day.

On the price issue, terminal gate price is related to the spot price in Singas, this can change daily. The catch is the contract price (how over 90% of fuel is traded) is under 1/2 of spot price. Half of what we pay at the bowser goes to the Government in various forms, so it is not in their interest to lower the cost, despite inquiries fiddling round the edges.

Next time you fill up don't whinge at the console operator, those poor sod are only there for the lousy $500 a week, even the site owner/manager is not making millions; the Government & overseas owned oil Companies are raking it in by the squillions though.

No I don't think your 90L will have much influence on the price, sorry.:(

Just my 90l tank won't change much but the millions of people that are staying home on a weekend instead of going away for day trips and whatever are using less fuel and the thousands of people staying home instead of going on holidays because fuel prices are crap are using less fuel .
air tickets will go up again soon because of fuel costs so less will fly there for not as many flights using less fuel . Less buses on the road because people can't afford the ticket for a bus trip holiday . I think it will make a difference . Might not be now but it will happen sooner or later .

[Disco300Tdi]

Why is diesel 10 cents dearer than ULP ??

And who controls the price of diesel ??

[V8Ian]

Why is diesel 10 cents dearer than ULP ??

Coz that's what they can bleed out of you:(

[Ben]

The Australian Institute of Petroleum have a whole lotta charts on price movements:
AIP Retail Diesel Prices (http://www.aip.com.au/pricing/retail/diesel/)

[Lotz-A-Landies]

Why is diesel 10 cents dearer than ULP ??

And who controls the price of diesel ??
The reason for the difference in the price of diesel is the additional fuel tax.

Supposedly because trucks use diesels and cause more damage to roads. Those light vehicles that use diesel usually use less than the equivalent petrol vehicle so the tax effect/per person is essentially the same.

In regards to overall cost when G.W. Bush (an Oil Man) became US President the cost of crude oil was $US32/barrel. After he decided to have a war in Iraq, the cost is now over $US100/barrel and G.W. is about be become an Oil Man again. In terms of the oil industry, Dubilya has been a very successful president.

Diana

[Ralph1Malph]

In regards to overall cost when G.W. Bush (an Oil Man) became US President the cost of crude oil was $US32/barrel. After he decided to have a war in Iraq, the cost is now over $US100/barrel and G.W. is about be become an Oil Man again.
Diana

Hi,
Methinks a long bow to draw:eek:, after all, there was water in the Murray before G Dubbya liberated Iraq, now there is none!:p:p

I burn as much oil product as the next guy so don't consider myself a greenie or conservative. But I am now wondering how long the worlds oil supply will last. Eventually it will run out I suppose.
How will we get around then? I dunno, but maybe, just maybe, we should start to plan for it.
Unfortunately, oil is the efficient means at the moment. Pound for pound, inch for inch, a BMW is less expensive to produce than a solar panel, and lasts longer. Pound for pound, inch for inch, a battery is one of the worlds least efficient power sources.
I don't know what is coming next, but I am looking forward to it.:D:D

:D:D:D:D
Cheers
Ralph

[Captain_Rightfoot]

Hmmm... on the way home unleaded was 129 and diesel 157. nearly 30 c difference :eek::eek:

[EchiDna]

price of fuel? try the change in the price of rice... now that's what every tom dick and harry is talkin about over here in Singapore!!

you guys do realise Diesel is about 30% more efficient (bang per litre) than petrol right? so a 30% price variation makes the cost of travel roughly equivalent.... and if you feel like it you can make your own at home which saves you roughly 80%...

[lro11]

Hmmm... on the way home unleaded was 129 and diesel 157. nearly 30 c difference :eek::eek:

I remember when I bought my disco in 2002 @ 60c/ltr I just filled up tonight at $1.57/ltr my how times have changed

[cookiesa]

I feel sorry for our kids growing up, by the time they "drive" the stupid drives through the night for breakfast somewhere else, eg interstate wont happen, trips around the country etc, wont happen.

What the heck are they going to do besides sit and play computer games???

(Ok not very enviro friendly but when a bit younger mates and I drove to Kununurra for breaky... from Darwin. WHY, because we could!)

[CraigE]

There has been a lot spoken about a national fuel watch scheme being implemented to try and reduce the price of fuel. This is B/S and it has not controlled or reduced the price of fuel in WA as they reckon it has or will do nationally. The only thing it has helped is to limit price spikes.
The servos must publicise their prices 24hrs before and can not change them, even to make it cheaper. A servo owner in WA that decided to pass on his savings to his customers when his fuel went down was fined thousands for changing the price. If they are going to implement it it should be that prices can not be raised in that 24 hrs, but they should be allowed to reduce the prices. If it was about saving the motorist money this is the way it would be. It is really about creating another high paid government job for one of the governments cronnies. Yes I am cynical about this.

[Lotz-A-Landies]

Hi,
Methinks a long bow to draw:eek:, after all, there was water in the Murray before G Dubbya liberated Iraq, now there is none!:p:p ...
...
:D:D:D:D
Cheers
Ralph
Ralph

I never suggested that G Dublilya was responsible for the lack of water in the Murray (That was John Howard's fault - Just kidding).

However how come it took over 100 years for the price of oil to reach $32 barrel and in the 7 years of Dubilya's US Presidency the price of crude oil has more than tripled? The oil still comes out of the ground by the same means without any new technologies, there haven't been any oil fields drying up but there has been instability in 2 oil regions. The first because G. W. deciding the invade Iraq because of what we now know were lies and the Bush Administration knew it, but as Donald Rumsfeld was rumoured to say "That's Our Oil". The second was instability in Venezuela because the Venezuelan President wanting socialist control of it's own oil reserves which was against US and therefore Bush's interests.

There is plenty of evidence about Bush's involvement in oil, he was CEO of an oil exploration company that failed and the rest of the Bush clan, including the former President George H.H. Bush, still have major shareholdings in oil companies and are personal friends of the Saudi Royal Family and the Bin Laden Family.

It isn't a long bow at all, it is more like a dart that hits the bullseye.

Diana

[CraigE]

Ralph

I never suggested that G Dublilya was responsible for the lack of water in the Murray (That was John Howard's fault - Just kidding).

However how come it took over 100 years for the price of oil to reach $32 barrel and in the 7 years of Dubilya's US Presidency the price of crude oil has more than tripled? The oil still comes out of the ground by the same means without any new technologies, there haven't been any oil fields drying up but there has been instability in 2 oil regions. The first because G. W. deciding the invade Iraq because of what we now know were lies and the Bush Administration knew it, but as Donald Rumsfeld was rumoured to say "That's Our Oil". The second was instability in Venezuela because the Venezuelan President wanting socialist control of it's own oil reserves which was against US and therefore Bush's interests.

There is plenty of evidence about Bush's involvement in oil, he was CEO of an oil exploration company that failed and the rest of the Bush clan, including the former President George H.H. Bush, still have major shareholdings in oil companies and are personal friends of the Saudi Royal Family and the Bin Laden Family.

It isn't a long bow at all, it is more like a dart that hits the bullseye.

Diana
Yep, I agree 100%.
There is also one other factor and that is the price of obtaining a barrel of oil in the US is about $32 US a barrel. So US oil barons make a lot less than the middle eastern countries where their cost is about $2 US a barrel. It is the US propogating overinflated prices, by ensuring instability in foreign oil markets and supply. OPEC have stated that they would be quite happy with oil at $38 US a barrel.
Supply and demand, B/S.

[kingyrules]

well about 10 years ago i had just bought my first good car xf ford :cool:(no attacks please:)), she ran on LPG the world seemed bright and sunny LPG was 10-12 cpl and it cost about $15 to fill i was in love! THEN THE LONGFORD GAS PLANT went kaput in Vic and i never saw the price below 29cpl again. now they fixed it pretty quick (seemed like for ever at the time) but the price never went down again, the spin was its a gas plant and cars use gas so lets put the price up for the time being to slow consumption,???? wasn't it a natural gas plant anyway and the last time i checked LPG and LNG were two totally different gasses and the method to produce them is totally different. now i sold that car and never looked back, the next car i went looking for had to not have gas! feeling dirty and abused by being ripped of for what used to be a byproduct anyway. now i have a diesel at least i can make my own fuel now and cut the fat cats out. now to just find a reliable source of used cooking oil?????????????:eek:

[cookiesa]

And the good news??? Your still driving a vehicle that effectively uses a byproduct!

[LSBob]

However how come it took over 100 years for the price of oil to reach $32 barrel and in the 7 years of Dubilya's US Presidency the price of crude oil has more than tripled? The oil still comes out of the ground by the same means without any new technologies, there haven't been any oil fields drying up but there has been instability in 2 oil regions. The first because G. W. deciding the invade Iraq because of what we now know were lies and the Bush Administration knew it, but as Donald Rumsfeld was rumoured to say "That's Our Oil". The second was instability in Venezuela because the Venezuelan President wanting socialist control of it's own oil reserves which was against US and therefore Bush's interests.


The law of demand and supply also applies. What about the demand of the developing countries India and China, their middle and upper classes are rapidly growing and now they want cars and the same lifestyle of the more affluent Western world. I was in China 30+ years ago, thousands of bikes on the roads, several lanes for them and only one for the few cars. Over there again last year now in Beijing bicycles have almost disappeared and the roads are chockers with cars and also pollution with the blue sky replaced by a murky grey smog. I saw figures for the amount of new cars sold in a week in Beijing and that makes Australian annual figures look pathetic. Plus all the new factories going up,all have a big demand for fuel and that affects the world prices. The same is happening with the minerals, WA cannot meet the demand from these two countries and their prices are going up rapidly....which is good for the Australian exporters but we pay for it in the end.

The question is what was the amount of crude oil produced 30 years ago as against now then look at the demand for the finished product 30 years ago and now. There is a strong resemblance to the rent now being charged, more money around, demand, people want it so they will bid outside the 'set' price just so they can obtain a(overpriced) unit or house.

[BradM]

It just keeps going up and up just hit $1.75 a litre in Alice.

My God!...:o...Some other town has dearer deisel then Karratha, $173.9 cents/litre. I guess when you truck it down from Darwin.

Yep, and LPG still sits at 99.9 c a litre here. Dual fuel engines are fast becoming the cheaper alternative even with the efficiency of deisel.

BradM

[Ralph1Malph]

Ralph

I never suggested that G Dublilya was responsible for the lack of water in the Murray (That was John Howard's fault - Just kidding).

However how come it took over 100 years for the price of oil to reach $32 barrel and in the 7 years of Dubilya's US Presidency the price of crude oil has more than tripled? The oil still comes out of the ground by the same means without any new technologies, there haven't been any oil fields drying up but there has been instability in 2 oil regions. The first because G. W. deciding the invade Iraq because of what we now know were lies and the Bush Administration knew it, but as Donald Rumsfeld was rumoured to say "That's Our Oil". The second was instability in Venezuela because the Venezuelan President wanting socialist control of it's own oil reserves which was against US and therefore Bush's interests.

There is plenty of evidence about Bush's involvement in oil, he was CEO of an oil exploration company that failed and the rest of the Bush clan, including the former President George H.H. Bush, still have major shareholdings in oil companies and are personal friends of the Saudi Royal Family and the Bin Laden Family.

It isn't a long bow at all, it is more like a dart that hits the bullseye.

Diana


Yep, I agree 100%.
There is also one other factor and that is the price of obtaining a barrel of oil in the US is about $32 US a barrel. So US oil barons make a lot less than the middle eastern countries where their cost is about $2 US a barrel. It is the US propogating overinflated prices, by ensuring instability in foreign oil markets and supply. OPEC have stated that they would be quite happy with oil at $38 US a barrel.
Supply and demand, B/S.

Ok,
Let's agree to disagree shall we?;);)

You may well be proved correct when the price of crude falls after G Dubbya's gone.:D
Until then can we still be friends?:):):):)

Ralph

[CraigE]

Ok,
Let's agree to disagree shall we?;);)

You may well be proved correct when the price of crude falls after G Dubbya's gone.:D
Until then can we still be friends?:):):):)

Ralph
Yep agreeing to disagree is good.
Its all a smoke screen, there is no physical way that oil consumption could increase that much with the associated cost over a 2 year period and remember that is all it took to rise nearly 350% form a price of $38 US that was reasonably steady for many years.
:mad: