Fuel Prices

[Skyrin3]

Man they are FARKED.. $100 us a barrel of oil... Here comes $1.50 per litre

[ToMMaH]

I paid less for V Power Racing last week than BP was selling Ultimate for at one joint.

[viator]

thats $1.50 per litre for regular unleaded expect anywhere from 10-25 cents more for premium guys and thats conservative. dont you just love it when a bug farts in one country and the smell finds its way over here?.......silly yankies.

[dangerous_daveo]

I got over it ages ago. 10c increase is $5 a tank. Doesnt worry me too much.

That said I do find it 'odd' how there is no collusion, and the price of potentially week old petrol in underground tanks gets more expencive on a Wednesday rain hail shine. And I also find it odd how as soon as the election was over the prices jumped, even tho the oil price was lower than it had been durring the campaine.

[Skyrin3]

Yes ive noticed it as well after the election.. Whats more u dont see much about the "Rising Fuel Prices" on tv anymore just warnings letting you know they are going up..

[mic_check_1_2]

i swear in the past couple of days fuel prices have dropped a bit???? not much but a bit

[shanef]

listenin to the radio on the way to work this mornin and they were saying how the price of US oil per barrel doesnt affect us as much as the price of oil in asia...yet i dont think the fuel companies will care as theyll just jack the price up.

good thing i dont have to buy premium these days

[Nismo_Boy]

Fuel prices are apart of life, we all need fuel, and it’s going to go up. Run a cheaper car? Get a better job? lol.

[Skyrin3]

lol shane soon u wont be saying that.... soon

[hojak]

Run a cheaper car?

Sure do love my corolla!

[Nismo_Boy]

Sure do love my corolla!

Little cars rock as run arounds

[Keegs]

You should all be buying shares in oil companies/exploration companies/fuel companies and thus compensating for your loss and effectively hedging your bets; saving when fuel goes up..and down.

[Nexus9]

I agree with Keegs, make it work for you if you can

However, Australia until recently produced 80% of it's own oil and the fact that our petrol prices are high has more to do with the Bilateral trade agreements that were signed with the US than it does with the price of a barrel of oil produced by the OPEC countries.

This is one area where the government of the day (regardless of whether it is Liberal or Labor) have sold us down the shitter, they get a percentage of tax from petrol and for arguments sake 40% of a $1.50 is more money to them than 40% of $1.20 ... so watch how fast they move on this i.e. not at all

Edited January 3, 2008 by Nexus9

[Keegs]

What Chris is saying is correct. Compounding the problem will be the movement of the dollar. If our economy suffers in the next year to two (which it's likely to as a result of the change in government (a whole other issue)), you can guarantee that fuel prices are going nowhere but up. At least in QLD we receive an excise concession which does make the fuel slightly cheaper than that of other states.

[r33cruiser]

This is one area where the government of the day (regardless of whether it is Liberal or Labor) have sold us down the shitter, they get a percentage of tax from petrol and for arguments sake 40% of a $1.50 is more money to them than 40% of $1.20 ... so watch how fast they move on this i.e. not at all

dude!

what would we do without the fuel tax?

how would we be able to build and maintain better roads etc.

the millions and billions of $$$ that are made from that tax ultimately go back into helping US.

sure if they lower the excise margin we will have 5c cheaper fuel.....for maybe 2mths. but at what cost. we will lose millions in public funding.

we should be putting the focus into a new form of flammable liquid energy that can easily be assimilated into any car in the country. instead of converting everyone to electric or LNG propulsion

Edited January 4, 2008 by r33cruiser

[Keegs]

Fuel excise is a Cth tax however....and roads etc are a State issue. The problem is that it (fuel excise) makes up a decent proportion of Cth revenue and hence they don't wish to let go of it anytime soon; and somewhat rightfully so, the government needs revenue. H/ever fiscal federalism results in the fact that the Cth making money doesn't mean that the state is making any money or more relevantly that the Cth is correctly granting money to them. Ergo money raised doesn't necessarily help the issues such as roads etc that some may be led to believe. Just because they are taxing fuel doesn't mean that it's helping roads, and even if it is, it may not be helping QLD roads.

The Cth makes the money off Fuel excise and they can then grant money to the states as they please, for whatever they please, thats how the Cth legislates on state issues, by tying essential money that the state needs and enforcing things that they have no power over. (of course this is off issue and a rather wide generalisation, but still. I think I made my point).

I'm not saying the fuel excise is all bad, however it's not as good as what some may think.

[02_FNE]

i understand all that... and agree that theres fark all we can do..

but they say even with the cost being us $100 per barrell that we still shouldnt be paying as much as we do.. it continues to rise on the back of everything that happens in other countries (mostly the states) not just oil prices

what p*sses me off is the fact that they jump on tv and say oh lookout the price of a barrel in the us has gone up so we will be seeing a price rise here yet on that same day that its announced the price goes up.. as if it went up up overseas weeks prior.. they shouldnt be aloud to do that... its a joke..

just my 2c

[dangerous_daveo]

Little cars rock as run arounds

Ahh, but is it really worth it?

After you buy the car. Pay tax on that, pay rego, insurance, maintenance, then put fuel in to it. I think you are better off just having 1 car. For what you are going to save.

Unless you have some crazy arse bb supercharged 2 speed old school thing. Then MAYBE its worth having a run about. That or a classic which you dont want to put kms on because its worth more with its orginal tyres...

[jase-r34]

Even if they try and tell us they use the revenue they make from fuel tax on maintaining our roads, I want to know which ones they are maintaining...Most of the roads i use each days are littered with pot holes, broken surfaces, bumpy as all hell and have what could almost be described as rutts in them (more from heavy use by trucks). I wouldnt mind paying the amount we do if I was actually seeing some of my hard earned going into the roads I drive on...

My 2c...

[r33cruiser]

all i can say is i hope it is a spike like in the 1970's.

not the same conditions, but looks like global warming will open up some tapable oil resources in the northern pole area. maybe lowering the price of oil by like 1/3 of a cent lol.