Jump to content
SAU Community

Recommended Posts

Hi everyone,

Just wondering if anyone noticed.. but the price of crude oil has pretty much fallen drastically compared to a few months ago when it was at $147 per barrel.. and we were paying between $1.55 to $1.65 p/litre of unleaded petrol..

But the price of crude oil is now at $104 per barrel.. but I notice the pumps are only at like $1.40 to $1.49(sometimes) p/litre for unleaded petrol.. I was kinda expecting it to fall into the $1.30's mark..

Any comments?

Cheers,

Bernard

Link to comment
https://www.sau.com.au/forums/topic/234811-crude-oil-prices/
Share on other sites

I would have to agree with you....

I have been watching the price of oil since it hit its record high $147 P/B, and its only gone down since then. Funny enough, our petrol prices are still up there, like you pointed out.

I think the price of fuel has to fall more, it just cant stay this high for no apparent reason?

My best bet would be that oil companies are out there to empty our pockets while they can, and get away with it.

Oh by the way, oil is at $109 a barrel and I post this.....

There are 117.347765 Litres per barrel - so technically oil companies are buying it under $1 a litre, obviously there are government charges to be added ontop of that, but still we pay $1.40 ?

Its not right :banana:

It would probably take a couple of months for it to go down that much.

I'm pretty sure there is a direct correlation between the cost of a barrel vs. daily petrol price to a SMALL percentage.

Here's a fancy graph showing the lag between barrel price vs petrol price.

http://www.whatprice.co.uk/petrol-prices/petrol-oil.html

After all we are in WA, the very end of the earth.

Most major refineries are based on the west coast, ie. Kwinana. Distance shouldn't have anything to do with it anyway :P

Well if you consider that approximately 60% of oil would come from the M.E (Saudi, Iraq, Iran, Oman, U.A.E, Dubai ect) and Africa (Egypt, Libya, Nigeria, Morrocco ect), it would be easier, in a logistical sense, to ship it to Australia's west coast than it would be to ship it to our east coast.

Edited by Marco-R34GTT
Watch the singapore fuel market...

Within a few weeks perth will follow it.

Besides.. this is a skyline forum! who cares about price of fuel! just put it in!

Shhhhh :P I don't have a skyline now DO I? :P

nah, just curious as why the fuel prices are still quite high :P

The price at the pumps has nothgin to do with the aussie dollar being cheap or expensive. There is currently a crude oil surplus in the world which means that a Litre should not exceed $1.20 max. The reason behind high prices is government taxes. Aussie and US governments charge like $0.90 tax per Litre and regardless of the barrel price of crude oil, the price at the pump will not go down unless greedy governments stop charging rediculous taxes.

There you have it.... :3some:

The price at the pumps has nothgin to do with the aussie dollar being cheap or expensive. There is currently a crude oil surplus in the world which means that a Litre should not exceed $1.20 max. The reason behind high prices is government taxes. Aussie and US governments charge like $0.90 tax per Litre and regardless of the barrel price of crude oil, the price at the pump will not go down unless greedy governments stop charging rediculous taxes.

There you have it....

Well firstly, just saying that "Exchange rates having nothing to do with oil prices" is rubbish, we are a net importer of oil, most international oil purchases/exchanges are done in US dollars, hence therefore, if the AUD is stronger against the USD, then we achieve a higher buying power per dollar. It makes imports generally more affordable, fuel is no exception from this rule.

Secondly, we really don't get charged that much, ever been to Europe??? They were paying $2.00 a litre when we were paying $0.70... If anything, having too low taxes in the USA and Australia have made us extremely dependend on oil and hasn't forced us to become more energy efficient... We never had to be, now we do, and we aren't ready..

Well firstly, just saying that "Exchange rates having nothing to do with oil prices" is rubbish, we are a net importer of oil, most international oil purchases/exchanges are done in US dollars, hence therefore, if the AUD is stronger against the USD, then we achieve a higher buying power per dollar. It makes imports generally more affordable, fuel is no exception from this rule.

Secondly, we really don't get charged that much, ever been to Europe??? They were paying $2.00 a litre when we were paying $0.70... If anything, having too low taxes in the USA and Australia have made us extremely dependend on oil and hasn't forced us to become more energy efficient... We never had to be, now we do, and we aren't ready..

Agreed. Exchange rates does affect the prices. There are many other factors that are involved as well. Like the company's hedge and stuff.

Well if you consider that approximately 60% of oil would come from the M.E (Saudi, Iraq, Iran, Oman, U.A.E, Dubai ect) and Africa (Egypt, Libya, Nigeria, Morrocco ect), it would be easier, in a logistical sense, to ship it to Australia's west coast than it would be to ship it to our east coast.

Nope - Australia produces about 60-70% of its own oil (which is actually a better grade of crude than most places) and the rest is imported via the singapore exchange (hence the effect of the exchange rate on petrol in australia) . The actual amount of M.E. oil in Oz is somewhere between nil and bugger all.

Oh, and WA only has 1 oil refinery - set to crack the crappest grade of crude there is, funnily enough.

That is impossible, the lion's share of our reserves are in the Bass Straight, and we've capped those as a national/strategic reserve...

Aside from NWS and Gibson Desert... Where else are we getting oil from???

I would have to agree with you....

I have been watching the price of oil since it hit its record high $147 P/B, and its only gone down since then. Funny enough, our petrol prices are still up there, like you pointed out.

I think the price of fuel has to fall more, it just cant stay this high for no apparent reason?

My best bet would be that oil companies are out there to empty our pockets while they can, and get away with it.

Oh by the way, oil is at $109 a barrel and I post this.....

There are 117.347765 Litres per barrel - so technically oil companies are buying it under $1 a litre, obviously there are government charges to be added ontop of that, but still we pay $1.40 ?

Its not right :(

there is not 117 litres of petrol in a batrrel of oil; once refining takes place that 117 litres is split into different products; ie petrol, oils, greases etc.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


  • Similar Content

  • Latest Posts

    • ok so if i wanted to go 18's i would go for 8's  in front 30+ or 32+ off set at front and the back 9 would be ok? what offset should i aim for.. then can i do some  hunting for wheel rim choices..    If i get this - will this fit all around: Size: 18 x 8.5 +37 - n what tyres size tyre should i get for front n back?  
    • Absolute f*cking nightmare. I had to take breaks constantly, and I was always pissed off when I got home. The line split in Italy on day 2 (we drove from the Netherlands), lol. Driving any narrow European town was... well, sh*t.   Appreciate it man. Here, I'll just drop a favourite from the load I took on Saturday.   I'll update here when things happen with the car, the thing is, with stock power and almost everything chassis-wise taken care of, there really are no problems. 268,000kms now and counting.  
    • Ah! I actually managed to snag a lightly used set.... that aren't so suitable for me right now. They don't work on a GTT without some cutting or creative heat moulding. I thought about reselling them myself cause I didn't want to murder them, but it looks like I'm probably going to attempt to murder them/melt them because I may as well. @GTSBoy @PranK can somebody close this thread?
    • Hey mate,  I have a set, one is slightly damaged but wont be noticable once installed.  Shoot me a message if your still after them 
    • I couldn't wait But, the black constant tension hose clamps were too thick and there wasn't enough clearance at the T/B and I couldn't get it to seat properly, so I had use a silver one there I also added some 3" silicone over the alloy bit that goes through to hole on the radiator support as it looked like it was sitting on the edge of the hole in the radiator support, I never noticed a rattle or anything, but there was a witness mark It is basicly done, and I can live with the silver hose clamp at the T/B, I will get a black clamp for the head vent though where it is attached to the bulkhead fitting  It never stops...LOL, only issue now with the shock tower brace is it slightly touches the under bonnet liner now, if I leave it it will either wear some paint off the brace where it touches, or damage the liner, so I removed the liner to see what I have to work with, with the liner removed I have about 20mm of clearance, but sadly the middle part of the underside of the bonnet is only dusted with paint and looks crap, so I cannot have that, but.... as I have a roll of Carbuilders premium under bonnet insulation in the garage laying around that is only 5.5mm thick (we were going to use it on the boys Patrol, but he crashed the front of it a few months and it was written off, hence why he now drives my old Honda Accord Euro), I'll use the OEM liner as a template and get the Carbuilders stuff fitted up to cover that dusted paint up
×
×
  • Create New...