Thread: Fuel $1 per litre?

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.

Originally Posted by Ronski

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. $145.00 per liter. $155.00 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.

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)

“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
(And the politician’s should take a pay cut)🤭

Originally Posted by V8Ian

UK is enjoying the lowest priced fuel, motor spirit and diesel, this century. Prices are half of what they were a week ago.

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 Unicorns

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

Originally Posted by 3toes

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 Unicorns

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.

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

Originally Posted by V8Ian

It's not my intention to spread misinformation, sorry if I have. I echoed what I read on a UK based, transport page.

No worries

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?