Fuel Prices Feedback
Submitted: Sunday, Dec 14, 2008 at 12:50
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mundoora
Fuel at pump down 50 to 60 cents but price per oil a barrel down $100.00. Where is the principle of $1 rise or fall of price per barrel of oil equates to a 1cent rise/fall at pump price?? as our Motoring Associations inform us????
Reply By: stefan & 12 times Dakar winner - Sunday, Dec 14, 2008 at 13:21
Sunday, Dec 14, 2008 at 13:21
factor in the aussie dollar v us dollar and you have your answer.
when oil was $147 per barrel, the aussie dollar was around $0.98 US cents.
They also say 1c for at the bowser for every cent up or down for the dollar.
So $100 down on oil= $1.00 drop in fuel + 30 cent drop in dollar= around $0.70 drop per litre for fuel.
In
Sydney we saw $1.75 for ULP at the peak. Now can be had for $0.95.
Around $0.80 drop.....so whats the problem?
Cheers Stefan
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Reply By: DIO - Monday, Dec 15, 2008 at 09:41
Monday, Dec 15, 2008 at 09:41
Why is it so difficult for some people to understand that the price of oil is not necessarily linked to (a) the economy of any country (b) the needs of the consumer (c) the ability of the consumer to pay etc. Most oil producing /exporting countries are in the business of making money. As much as they can as quickly as they can. Not much different to Australia and our desire to make money from coal and minerals etc.
What's the point of continually whinging and whining about the price or price differences. At the moment the vast majority of motorists (unleaded petrol) are feeling pretty happy with the status of oil prices. After all, it's still cheaper per litre than most alcoholic drinks (beer, spirits etc), Dish Washing liquid, Hair Shampoo, Milk, Cooking Oils (vegetable based of course), bottled
water, Coca Cola (and derivatives) etc etc.
GET OVER IT AND GET ON WITH IT, after all, LIFE IS FAR TOO SHORT AS IT IS !!!
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Follow Up By: The Landy - Monday, Dec 15, 2008 at 11:27
Monday, Dec 15, 2008 at 11:27
.....and another thing is that the middle-east import all (most) of their basic food items. So whilst they made good moeny out of oil while it was up at US 140 a bartrel they were paying very high prices for wheat..
Good luck out there....
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Follow Up By: Moose - Monday, Dec 15, 2008 at 14:21
Monday, Dec 15, 2008 at 14:21
Hey DIO - have to agree with the "get over it" comment. Same applies to all those who whinge about diesel being dearer than petrol.
But I must disagree with the "life is far too short" comment. Mate life is the longest thing any of us will experience!
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