Please Explain
Submitted: Monday, May 05, 2003 at 21:27
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Member - Paul
About 2 Months ago we were complianing about ULP being $1.10.....Deisel being about $1.05.
Why is is today I am now seeing ULP $0.79 cents but the Deisel is still up around $0.99.
Dollar is the best its been in years against the US$, and oil is around $26.00 a barrel
Can someone explain why when both ULP and Deisel are produced from Oil why the huge price swings.
My understanding is deisel is easier to produce?
Is it a simple case of supply and demand? Paul
Patrol GUII 3Lt 2000 DX
Reply By: Voxson (Adelaide) - Monday, May 05, 2003 at 21:31
Monday, May 05, 2003 at 21:31
And whilst someone is explaining that, maybe they can explain why LPG goes up and down with the price of oil ????????????????........._____________________________________________
Countin the days till July 5th. *
Cape York Trip*
_____________________________________________
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Follow Up By: Kev - (Cairns,QLD) - Monday, May 05, 2003 at 21:48
Monday, May 05, 2003 at 21:48
Where does LPG come from ? The same place oil comes from i think.
Liquid "Petroleum" Gas !!!!
Thats my guess anyway.
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Follow Up By: Truckster (Vic) - Monday, May 05, 2003 at 23:12
Monday, May 05, 2003 at 23:12
At Kurnell refinery they use to burn off the gas! Thats until they figured out they would make BILLIONS out of it.....
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Follow Up By: Kev - (Cairns,QLD) - Monday, May 05, 2003 at 23:26
Monday, May 05, 2003 at 23:26
Just like the natural gas they burn off 24 hours a day when i used to work on the oil rigs, what a waste !
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Reply By: Truckster (Vic) - Monday, May 05, 2003 at 21:35
Monday, May 05, 2003 at 21:35
Someone has to subsidise the ULP discounting!
Amazing how Disesl takes LOTS less to produce than Petrol, its called PROFITEERING...
Ask the toothless tiger with that old useless fart incharge called the ACCC ...
Good to see the TWU (totally Worthless union) live up to its name, and has done nothing to help its members, which I would hazzard a guess would be 99.9999999999% Diesels?
Same with LPG, CAUSE THEY CAN.. Who will stop them?
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Reply By: Member -BJ (Sydney) - Monday, May 05, 2003 at 22:00
Monday, May 05, 2003 at 22:00
Most diesel is imported so price is set to o/seas demand for heating oil , Also trucks used to have a road tax to pay on milage travelled but Gov decided to put extra tax on fuel & cancel road tax as it was to hard to police. So we pay more Wish i was still here / Gulf in July
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Follow Up By: Old Jack - Tuesday, May 06, 2003 at 12:52
Tuesday, May 06, 2003 at 12:52
you hit the nail right on the head BJ, the oil from Oz oil wells his very light crude, in fact we export lots of the light end of the crude, you acutally have to work pritty hard to make diesel from our lighter crude oil they talk about "cracking" the hard end to distillate the heavy oils.
the heavy crude oil market is pretty edgy as in many countries they burn mostly heavy oil to run power stations not coal.
without the road tax it would still be reasonably cheap though. the rorting that when on with road tax could be fixed with a little technolagy, fit every heavy truck, bus & trailer with sealed measuring equipment & make it 10 years jail for tampering with it. electronic display can show distance travelled & tax due constantly, every time the thing gets inspected you cough up the road tax.
pity it will never happen, the blanket approach is cheaper to administer & raises farto much money for the govermnet
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Follow Up By: GOB vic - Tuesday, May 06, 2003 at 17:58
Tuesday, May 06, 2003 at 17:58
2 points 1) government wants price of all fuel high the higher the price the more tax in gst(the get stuffed tax).thats without the other taxes
2 )jack if they used your system all the truckies would be in klink89 nissan looking foward to august and more travelling
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