Fuel Prices

Submitted: Sunday, Oct 19, 2008 at 08:24

ThreadID: 62674 Views:2441 Replies:5 FollowUps:3

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The fuel prices paid at the pump by Australian motorists seem to have taken a second place in the news recently because of the Economic Meltdown.

The price of a barrel of crude as given on the TV appears to have fallen from a high of $140 a month ago to the current $80. If this continues would it be reasonable to expect that bowser prices should halve or at least significantly drop from a recent high of $1.60 for ULP?

This would help all Australians, including travellers and those away from the Cities in these tight times and we should do our best to remain vigilant and ensure that price reductions are passed on to the consumers and not disappear.

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Reply By: Member - Brian H (QLD) - Sunday, Oct 19, 2008 at 08:55

Sunday, Oct 19, 2008 at 08:55

Well on the news last night there was a organisation sticking it to the fuel companies saying they are ripping the people off by at least 20 cents a litre and something needs to be done about it.

Me I think its more like 40 cents a litre.

Brian

AnswerID: 330658

Reply By: Member - Vince B (NSW) - Sunday, Oct 19, 2008 at 09:04

Sunday, Oct 19, 2008 at 09:04

It would appear the only companies not experiencing economic meltdown are the oil companies.
Last night on the news it stated that Aust motorists were being overcharged 20c a litre on fuel.
Lets hope that the Aust dollar doesn't fall any lower.
Cheers.
Vince

AnswerID: 330660

Reply By: Gramps (NSW) - Sunday, Oct 19, 2008 at 09:07

Sunday, Oct 19, 2008 at 09:07

Don't forget the fall in value of the Aussie dollar in your calculations. We were up around $0.98 US at one stage now we're a lot lower $0.68US or so.

AnswerID: 330664

Reply By: Boobook2 - Sunday, Oct 19, 2008 at 09:18

Sunday, Oct 19, 2008 at 09:18

Somwhere, I think it was this forum about a week ago but can't find it now someone had checked out Clatex's web site.

in 2005 Oil was $70 - 75 a liter. The AUD was about 72 cents. Petrol for most of the year was $1.05 to $1.20.

Now we are at about $75 a barrel and 70 cents and Petrol is $1.55

Based on the 2005 figures it should be about $1.25 - $1.30/L

AnswerID: 330666

Follow Up By: Boobook2 - Sunday, Oct 19, 2008 at 09:19

Sunday, Oct 19, 2008 at 09:19

oops shoulda said
in 2005 Oil was $70 - 75 a barrel

FollowupID: 598275

Follow Up By: howesy - Sunday, Oct 19, 2008 at 21:18

Sunday, Oct 19, 2008 at 21:18

here it is.

http://www.exploroz.com/Forum/Topic/62608/Statistics_gotta_love_em.aspx?ky=&p=%2fForum%2fDefault.aspx%3fpn%3d2

The point was made that wage rises since 2005 werent factored in but still that leaves a huge gap. I know my wages haven't made that much headway.

FollowupID: 598430

Follow Up By: Boobook2 - Monday, Oct 20, 2008 at 06:00

Monday, Oct 20, 2008 at 06:00

Thanks Howesy.

FollowupID: 598456

Reply By: craig2 - Sunday, Oct 19, 2008 at 11:51

Sunday, Oct 19, 2008 at 11:51

Diesel Price at pump Tapis Price $10 AUD/US
Jan-07 $1.247 $0.5351 $0.782835
Feb-07 $1.228 $0.5782 $0.783160
Mar-07 $1.246 $0.6472 $0.793168
Apr-07 $1.277 $0.6880 $0.827235
May-07 $1.295 $0.6924 $0.825140
Jun-07 $1.308 $0.6848 $0.842348
Jul-07 $1.308 $0.7839 $0.867046
Aug-07 $1.315 $0.7284 $0.829078
Sep-07 $1.351 $0.7908 $0.846084
Oct-07 $1.364 $0.8698 $0.899565
Nov-07 $1.423 $0.9509 $0.896960
Dec-07 $1.498 $0.9584 $0.871810
Jan-08 $1.508 $0.9134 $0.881856
Feb-08 $1.467 $0.9856 $0.912951
Mar-08 $1.543 $1.0237 $0.922114
Apr-08 $1.643 $1.1347 $0.930909
May-08 $1.744 $1.3361 $0.949750
Jun-08 $1.853 $1.3815 $0.951120
Jul-08 $1.879 $1.3442 $0.961904
Aug-08 $1.748 $1.1921 $0.881739
Sep-08 $1.694 $1.0100 $0.818619
Oct-08 $1.510 $0.8620 $0.709783

AnswerID: 330708