Russians and Saudis still having a barny, Hold out for a few days Petrol is cheap as while my drink is still over the top here
. A 50 year old mid life crisis had me chuckling
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Russians and Saudis still having a barny, Hold out for a few days Petrol is cheap as while my drink is still over the top here
. A 50 year old mid life crisis had me chuckling
well, I remember the 70's when the global price of oil was $37.00 US dollars a barrel. (1973).. Petrol here was 11 cents per liter. Ah, yes, fill your car for $5.00.
The great liar of the century, (well one of them ), our PM, Johnny Howard, was treasurer then, and in a famous speech to the nation...he said....the world is running out of oil, by the mid to late eighties there will be none left. we have no choice but to put an excise tax on fuel to pay for development of alternate energies. The price went up to 60 cents per liter overnight. he also said: we will also keep the price of fuel inline with the global price of oil??? WTF.
So, 40 years has gone by, still enough oil for a thousand years, but, today it's even LESS.. $31.00 US dollars a barrel and dropping. $27.00 is an average.
Fuel here in W.A. $1.45. per liter. $1.55. in country towns. I was not good at maths, but seriously.
So, nothing was spent on developing ****, Please explain.
I hope good old Johnny is living the dream with all that wealth he got from selling out every Australian.
just an observation.[tonguewink]
I wasn’t around that far back but fully agree with ya, I’ve scoured at the rise in fuel prices over the years (as well as the price of beer)Quote:
Originally Posted by Ronski
“The great liar of the century, (well one of them ), our PM, Johnny Howard,”
All the pollies that make it that far fit into the same boots
But it’s the numnuts who believe them (and vote for them) that get them up there, just to sit back and have a chuckle
“today it's even LESS.. $31.00 US dollars a barrel and dropping. $27.00 is an average.”
They (the people in charge of this cuntry) have bulked it up with “excises” to make sure there pockets are lined well into the future
Whilst us (scum of the earth) are fighting over bog ****en roll, of all things
It’s a load of ****!!!!
“So, nothing was spent on developing ****, Please explain.”
Bull****, they developed a way to make sure there pockets were lined, even when they got out, build wealth off the back off of the average Aussie to help there family (not the people who believed there word)
Oh yeah, Ronski, good observation,
Johnny is living his dream, while you and me are “working for our dream” (I hope we all make it)
If the fuel does go below $1 per litre, it should stay there [emoji481]
(And the politician’s should take a pay cut)🤭
Did not see any of this cheap fuel in my travels to Cardiff this week. Will keep searching on the return trip tomorrow however think will have more chance if finding a herd of UnicornsQuote:
Originally Posted by V8Ian
As a rule fuel prices here move slowly as 95% of price is tax of one sort or another. So the base price has to move a lot to make the retail price move
It's not my intention to spread misinformation, sorry if I have. I echoed what I read on a UK based, transport page.Quote:
Originally Posted by 3toes
Ever wondered why! when OPEC reduce output to drive the price up, Petrol here costs more within an hour. When the price goes down, somehow, it 'takes' up to 2 weeks to "flow on to the consumer". Fuel always costs more from Thursday night through to weekend, then down on Monday. Enjoy your weekend.
Government fuel watchdog,?? where?.. and I thought inflatable dartboards were useless.
Toilet rolls? no problem now, advertised on Ebay today in Australia......$1,600.00, or get them 'cheap' for $1,000.00
words fail me on that.
The ‘wholesale’ price of fuel is smoothed by using an averaging model which works over (from memory) a 2 week period. This is designed to stop wild fluctuations in price. There is of course nothing in the model to stop retailers grabbing the up swing and riding the down movement based on press headlines
The Thursday / Friday price spike is an Australian thing as you tend to be paid weekly and once paid celebrate by filling the tank. There is then a demand surge so prices follow. Seems UBER were not the first to figure this one out. Do not see it in the U.K. where pay is on a monthly cycle
You used to be able to ring AMPOL and they would tell you the daily rack price fuel was being sold at from the refinery. Of course a difficult science to see retailer profit as they tend to have a delivery once a week not daily
No worriesQuote:
Originally Posted by V8Ian
Prices here have reduced steadily over the last few years from their peak so some truth in the story.
Am now paying about £1.35 a litre for diesel. Was about £1.75 a litre at peak. I did see £1.50 earlier this week although that was motor way pricing which is always well above what you pay elsewhere
I wonder how future governments will address the falling fuel excise as electric vehicles become more popular in our cities.
the government takes a disgusting amount of excise to keep money in their coffers.
will the govt take an extra cut on the price of electricity at your recharging station?
Interesting question. Any attempt to raise the same amount of revenue related to road use, which is what excise is roughly proportional to, is almost certain to require powers held by the states not the commonwealth. This potentially could provide a good income stream for lawyers for years to come.Quote:
Originally Posted by ramblingboy42
States and territories are likely to try to introduce a road use related tax, using the decline in excise as an excuse, and ignoring that excise is a commonwealth revenue. And the Commonwealth could use it as an excuse to, for example, charge a "GST equivalent" tax on the output of your solar panels, whether used for road transport of not, in the same vein that they attempt to collect excise on any biodiesel you make..
Personally, I have difficulty seeing why there should be specific road use taxes above the general taxes of GST, company tax, income tax, payroll tax, rates, etc etc paid by other industries and businesses. in any case, as these increase costs of everything. Fuel excise is an accident of history, introduced when motoring was a new phenomenon, and a luxury enjoyed only by the wealthy.