Diesel up US$20 per barrel in last three weeks

Submitted: Tuesday, Apr 29, 2008 at 17:51

ThreadID: 57119 Views:2249 Replies:3 FollowUps:2

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The Landy

The price of Singapore Gasoil (diesel as we know it) has increased in price from US$125 per barrel around the first week of April to US$145 today. In Australian dollar terms that translates into an A$0.13 cent per litre increase over the 2/3 week period.

Usually there is about a 2/3 week time lag between price changes in Singapore before they are reflected in the pump price in Australia. Based on this we should expect higher pump prices feeding in now and over the next couple of weeks.

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Reply By: marq - Tuesday, Apr 29, 2008 at 19:55

Tuesday, Apr 29, 2008 at 19:55

Bring on Biodiesel ASAP

AnswerID: 301192

Follow Up By: Member - Serg (VIC) - Wednesday, Apr 30, 2008 at 08:51

Wednesday, Apr 30, 2008 at 08:51

Biodiesel is self-fooling illusion. It is only tad cheaper when made from unwanted cr@p, but it is no way it can solve problem – it is simply not enough of it to replace mineral diesel. 100% ethanol is illusion also. In my opinion future sits in fully synthetic fuel base on cheap nuclear electricity. It is well-known process that Nazi been using during WWII. It is expensive comparing to refining oil. For a while.

Serg

FollowupID: 567343

Reply By: Member - AVA 191 (QLD) - Tuesday, Apr 29, 2008 at 19:55

Tuesday, Apr 29, 2008 at 19:55

I noticed it was $1.61 at BP near the Salisbury pub (Brisbane) tonight. Fortunately, I use premium unleaded, and filled up @ only!!! $1.42 just down the road. (Don't forget we are supposed to be getting some sort of discounted fuel compared to other states.)

AnswerID: 301193