$1.10lt for diesel

Submitted: Thursday, Oct 25, 2007 at 20:07
ThreadID: 50884 Views:2881 Replies:7 FollowUps:16
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Just talked to my mate in Kenya via Skype. He says diesel is US$1 litre there. About AUD$1.10.

I think we are being dudded....lol

Cheers
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Reply By: 96 GXL 80 series - Thursday, Oct 25, 2007 at 20:11

Thursday, Oct 25, 2007 at 20:11
Willem,
didn't they tell you that we are still paying for Apec.
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Follow Up By: Stu050 - Thursday, Oct 25, 2007 at 22:29

Thursday, Oct 25, 2007 at 22:29
I thought we were still paying for CHOGM?
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Follow Up By: Robnicko - Friday, Oct 26, 2007 at 08:51

Friday, Oct 26, 2007 at 08:51
nah.......they just paid of the 56 olympics!!
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Reply By: Nick R (VIC) - Thursday, Oct 25, 2007 at 20:13

Thursday, Oct 25, 2007 at 20:13
yeah? try and drive there to buy some then!!! Don't think the GQ would get past the water crossing!!!
Carpe Cerevisi

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AnswerID: 268323

Reply By: Footloose - Thursday, Oct 25, 2007 at 20:25

Thursday, Oct 25, 2007 at 20:25
Try telling that to the fuel natzies on here who support the fuel pricing policies of the oil companies.
The QLD govt is holding a hearing about them not passing the fuel subsidy of 8c a litre on to the motorist.
And the oil comopanies don't like the idea of the Govt poking it's nose into fuel pricing in Qld....I wonder why ?
Maybe the fact that the Govt might set a recommended price might have something to do with it.
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Follow Up By: Stu050 - Thursday, Oct 25, 2007 at 22:32

Thursday, Oct 25, 2007 at 22:32
There used to be a fixed maximum price, I can't remember when it was discontinued.
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Follow Up By: Bware (Tweed Valley) - Friday, Oct 26, 2007 at 07:12

Friday, Oct 26, 2007 at 07:12
A recommended price sounds good to me; I can't accept this daily variance that we don't get with any other product. 'Market fluctuations'? Gold suffers from this too but if you went past the same jeweller every day I don't think you would see the prices changing constantly. Oh, that's right, Nthn Hemisphere Winter fuel demand, blah, blah, blah.

If the oil companies didn't run such convoluted pricing that was undecipherable to the masses, they might not be so distrusted and despised.
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Follow Up By: Footloose - Friday, Oct 26, 2007 at 07:19

Friday, Oct 26, 2007 at 07:19
And I guess that most of us tend to forget that every time we fill up , the Govt has it's hand in our pocket.
Sadly we don't really have any public transport outside of capitol cities, and it's a big country that really runs on diesel.
I just feel sorry for those in remote areas that have to bear the cost of transport. No idea how they do it.
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Follow Up By: Truckster (Vic) - Friday, Oct 26, 2007 at 10:51

Friday, Oct 26, 2007 at 10:51
> Sadly we don't really have any public transport outside of capitol cities
what makes you think the one in the city is any better?!
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Follow Up By: Footloose - Friday, Oct 26, 2007 at 11:00

Friday, Oct 26, 2007 at 11:00
The fact that hundreds of thousands in cities use it. And that nobody outside the cities has the chance ?
I din't say it was much good, simply that it exists.
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Reply By: Robin Miller - Thursday, Oct 25, 2007 at 20:48

Thursday, Oct 25, 2007 at 20:48
We are getting it cheap still Willem , check the data, its about same cost now as it was last year when oil was in the $60's a barrel compared to $80's now, thanks to our economy which sees our dollar at $0.90 US.

Robin Miller
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Reply By: Member - Bucky (VIC) - Friday, Oct 26, 2007 at 04:56

Friday, Oct 26, 2007 at 04:56
$2.80 a gallon ,,, Average price in Kansas yesterday

http://www.kcgasprices.com/index.aspx?fuel=D

Try this site

And pls divide by 4.545 ( I think ) to get convert to the Lt.

Cheers

Bucky
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Follow Up By: Member - MrBitchi (QLD) - Friday, Oct 26, 2007 at 07:50

Friday, Oct 26, 2007 at 07:50
1 US gal = 3.78Lt

Works out to $0.74 AUS / Lt
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Reply By: mfewster - Friday, Oct 26, 2007 at 07:07

Friday, Oct 26, 2007 at 07:07
What most of us forget is that when Oz discovered our own oil in Bass St. we knew it was relatively limited and would run out forcing us one day to go back to imported oil at international prices. The argument was to avoid a massive shock to the economy as our oil ran down, so we have a progressive tax that keeps local prices somewhere near international prices. Instead of using this little windfall to establish alternative fuel and infrastructure in Oz, the successive Canberra mobs have been buying votes by reducing personal income tax levels (but making a killing off the fuel taxes and GST). Costello's latest tax promises are a perfect example, and Rudds tax alternative is only very marginally better.
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Follow Up By: Axel [ the real one ] - Friday, Oct 26, 2007 at 07:57

Friday, Oct 26, 2007 at 07:57
Progressive tax ?? sorry wrong demonstration ,, the actual tax is per the litre not the $ cost , the only variable that the government gets in the price of fuel is the GST component which varies due to the oil companies YO-YO pricing ,, in no possible way can the oil companies justify the daily price fluctuations at the pump ,, always cheaper on a Tuesday , why ? because the populace as a whole has less money to spend on a Tuesday !! , Pension day /payday for most is on a Thursday or Friday = more money that the oil companies can access so the price goes up !!
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Follow Up By: Member - Oldplodder (QLD) - Friday, Oct 26, 2007 at 08:19

Friday, Oct 26, 2007 at 08:19
Always make me wonder why prices vary when there is a tanker delivery about once or twice a week, but the same fuel in the storage tanks can vary in price so much.
Like the comment about gold in the jeweller's shop above.
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Follow Up By: mfewster - Friday, Oct 26, 2007 at 10:01

Friday, Oct 26, 2007 at 10:01
Axel, we are sort of both right. I should have expanded that a bit more. The progressive tax was the policy and it was fixed in 2001 when we started running lower on our supply. It now stands at 38C a litre, plus GST. I still reckon governments squandered the original point of the tax. For what it is worth however, we are quite lightly taxed on fuel. The tax on petrol in Australia is less than half that charged in Britain, Germany and France, though more than in the United States, Canada and Mexico. I'd be interested in knowing what the average km an Oz motorist does per year and compare that to thye average km of vehicle owners in other countries. I suspect that would make the tax intake from fuel here disproportionately high.
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Follow Up By: Steve - Friday, Oct 26, 2007 at 10:41

Friday, Oct 26, 2007 at 10:41
average mileages in Oz are surprisingly low. Several European countries have a higher consumption.
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Follow Up By: Footloose - Friday, Oct 26, 2007 at 10:58

Friday, Oct 26, 2007 at 10:58
Steve, that's because most of our population lives in cities and has access to public transport...average....those outside do many many more
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Follow Up By: Steve - Wednesday, Nov 07, 2007 at 13:30

Wednesday, Nov 07, 2007 at 13:30
That's probably right. Must admit, it surprised me.
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Follow Up By: Footloose - Wednesday, Nov 07, 2007 at 14:03

Wednesday, Nov 07, 2007 at 14:03
Also, it depends on how they measure "average" (lies and statistics)
Many in Europe don't own a car. So if they divide the km by the whole population, they get a low figure. Do the millions of tourists? Not hard to get biased figures, depending upon what you're trying to prove.
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Follow Up By: Steve - Wednesday, Nov 07, 2007 at 16:07

Wednesday, Nov 07, 2007 at 16:07
well, maybe.

Either way, it could be high or low.

Don't own a car? Maybe in Albania. Maybe some truth in the major cities where the public transport is all some need - but I wouldn't think many. You could say the same of Sydney....then again, looking at the state of public transport.....

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Reply By: The Landy - Wednesday, Nov 07, 2007 at 15:18

Wednesday, Nov 07, 2007 at 15:18
Buy oil company shares as hedge....on average and over the long-run it ain't going to get cheaper given the outlook for oil....which is going to go through USD 100 a barrel, just a matter of time.

Two things have at least contained the price of refined product in recent times....extra refining capacity coming on stream, which has reduced refiners margins, and the higher Australian dollar and to some extent the government inquiry....but these factors will be at the margin has oil goes up.
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