Fuel Query

Submitted: Saturday, Dec 13, 2003 at 11:52
ThreadID: 9129 Views:1914 Replies:6 FollowUps:0
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What determines the rise and fall of fuel prices? We all know that prices will rise or fall drastically within an hour and then next day be something else. No deliveries whatsoever in that time. As Julies used to say "Why is that so"?
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Reply By: Member - Ross - Saturday, Dec 13, 2003 at 12:11

Saturday, Dec 13, 2003 at 12:11
Simple

Greed on the part of the oil companies.

I've no doubt it couldn't be put into place but I once read an email where it was suggested everyone buy their fuel from the one company for a week.

The other companies would bleep themselves and drop their prices to gain a sale.

Next week revert to a different company and so on.

Interesting theory ........Fidei defensor

Rosco
AnswerID: 40117

Reply By: Member - Eskimo - Saturday, Dec 13, 2003 at 12:24

Saturday, Dec 13, 2003 at 12:24
its got to be the ammount of profit they want.
crude doesnt fluctuate at those levelsWow! am I cute
If yer ain't fishing, Yer ain't livin
Richard
AnswerID: 40120

Reply By: howesy - Saturday, Dec 13, 2003 at 17:33

Saturday, Dec 13, 2003 at 17:33
They try to blame it on many things such as the world parity pricing policy of little johnny Howard and crew but in reality take note, the best time to buy is just before pension day. Like clockwork the day that the govt puts in everyones cash in the bank the fuel prices are up for two to three days. but of course we all know that that is a coincidence because if it wasn't then that would spell collusion by the oil companies and the toothless tiger that we know as the ACCC has already said that there is no evidence to support that. Yeh right dream on suckers the oil companies and the federal govt. just seem to enjoy regular sex with us. we get screwed every day. we pay far more than we have to for fuel in this country and that is fact. another fact is that we are one of if not the highest taxed western nation in the world. I wouldn't feed a politician we should release all of our inmates from gaol and asking them to run the country we might even raise the bar.
AnswerID: 40135

Reply By: Truckster (Vic) - Saturday, Dec 13, 2003 at 19:08

Saturday, Dec 13, 2003 at 19:08
Most have it right.

1) GREED.

2) HoLIDAY PERIODS.
AnswerID: 40139

Reply By: Savvas - Sunday, Dec 14, 2003 at 07:44

Sunday, Dec 14, 2003 at 07:44
Nobby ... I did a little graphing of prices at 3 local stations for about two months and the results with one of them blew me away.

Without fail at one of the stations (BP @ San Souci), Tuesday afternoon would be their lowest price period, in the order of about 80.9-82.9c/l for unleaded. This also happened to be the cheapest of 3 I was observing.

However Wednesday morning the price of unleaded jumped to 95.9c/l or more, becoming the most expensive of the 3 stations. Then gradually decreased each day until the following Tuesday. This cycle ran every week.

I knew Tuesday is the cheapest day for fuel in Sydney, but the staggering jump on Wednesdays is what had me gobsmacked.
AnswerID: 40164

Reply By: Member -BJ (Sydney) - Sunday, Dec 14, 2003 at 19:06

Sunday, Dec 14, 2003 at 19:06
Unless the servo is independently owned the oil company's dictate the price. I have seen them change 3 times in one day. They just send a new retail price through the cash register terminal or over the phone .Regards Bob
Where to next
AnswerID: 40184

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