I am effectively a self funded retiree trying to run a drought stricken farm on my pension - and even though some of my fuel is tax deductible, you have to make a profit first! And that is a good way off with wool prices the lowest they have ever been in real terms, and the drought continuing.
But to put the fuel prices in perspective, they have increased a lot less than some other costs :- for example, with the council merger forced on this area my rates have gone up 60%, rental on leased (non-existent) roads, up 1400%, insurance up, red tape costs up, medical costs up, and so on.
Running a vehicle, even now the fuel cost is typically well under half the total running cost. NRMA figures a week or two ago give the cost about $200/week for a Commodore or Falcon, with about 20% of that fuel. This prompted me to look at my own costs (I have complete records). For the 110, over fourteen years it has averaged $159/week, or 36c/km, with fuel being 19% of this or 7c/km. If youjust look at last financial year it is $174/week or 41c/km, of which fuel is 10.5c/km or about 26%. Recent fuel price increases will have raised this to maybe 30-35% of total costs. But the point is that the fixed costs (Capital cost, depreciation, insurance, rego) are almost always well over half total costs. The thing that bites about fuel price is we get reminded how much it is costing every few days.
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
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