Petrol Price crisis......

[XWGT]

Originally Posted by Franco Cozzo

I'm pretty sure we don't get oil from Iran and either do other countries aligned with the US due to sanctions and our 'understanding' with Saudi Arabia.

Makes no difference of who buys from whom because it all eventually pours into a blended international financial market and the price in total moves up or down.

At the moment its up, for all oil in all markets.

Total production is the only thing that will bring it down

[CoupeKing]

Everyone just stop driving for 2 weeks, that should help flatten the curve.

[Franco Cozzo]

Originally Posted by XWGT

Makes no difference of who buys from whom because it all eventually pours into a blended international financial market and the price in total moves up or down.

At the moment its up, for all oil in all markets.

Total production is the only thing that will bring it down

Seems to move up real quick but take a long time to come down, at least at the pumps

[Bossxr8]

Originally Posted by Franco Cozzo

Well, the sanctions against an oil producer who produces 10%+ of the worlds oil probably aren't helping

What a curious situation, do you sanction then shoot yourself in the foot with cost of living increases or do you sit on the sidelines?

Maybe we can buy oil from Iran?..... Oh wait they've been sanctioned too.

What about Venezuela? Oh thats a crap shoot too

Dementia Joe is already looking to venezuela and iran as possible sources of oil. Hypocrites of the highest order. Funding your enemies is crazy stuff, but nothing surprises me any more from these nutters in charge atm.

https://www.cnn.com/2022/03/08/polit...oil/index.html

[hackney]

If you need tyres, do it soon, prices are set to soar.All the majors are soon to rise their prices.Eg:If you spend say $500 for a set of tyres,it will cost $750.Glad I got mine a few weeks back.

[Bossxr8]

Originally Posted by hackney

If you need tyres, do it soon, prices are set to soar.All the majors are soon to rise their prices.Eg:If you spend say $500 for a set of tyres,it will cost $750.Glad I got mine a few weeks back.

The extra cost of the approx 31 litres of oil used in a tyre works out to be about $17. But don't let facts get in the way of a good price rise scam.

Speaking of tyre price scams, do people know they supply tyres to OEM's for near cost at between $60-70 a tyre.

Those same tyres sell for retail prices of $300-400, if not more. I know they have buying power when they buy them by the million, but damn that profit margin at retail prices is insane.

They happily sell them at cost to OEM's because of the % of car buyers who go into tyre retailers and say just put whatever is on there from factory back on. It is enough to justify the lack of profit supplying to OEM's. Even it it's only say 20-30% of buyers who do that, it's still a gold mine.

[hayseed]

https://www.smh.com.au/business/mark...15-p5a4ne.html

[T3rminator]

Buy oil from India and China. Problem solved.

Sanctions rarely have their desired outcomes. I wonder how many other developing countries will wake up and start ignoring some of the sanctions, and at the same time stop hurting their own people.

https://www.livemint.com/industry/en...198060477.html

https://edition.cnn.com/2022/03/14/e...oil/index.html

[Adamz Ghia]

Oil price at $101, I look forward to the servos dropping the prices as quick as they raised them. I’m due to fill up on Thursday, will be good to only pay $1.65 a litre.

[wodahs]

just paid 208.9c a ltr for diesel
was 9c more expensive than local ulp
and that was a cheap place with a cheap price for diesel

[hackney]

Currently sitting @ $95 USD a barrel.

[jpd80]

Originally Posted by hackney

Currently sitting @ $95 USD a barrel.

Brent is currently $98.75 which is the price governing our region,
lower price is welcome but I bet they’re slow dropping petrol and diesel prices.
High prices in our corner of the world is just OPEC and oil companies piling on because they can

[hackney]

Originally Posted by jpd80

Brent is currently $98.75 which is the price governing our region,
lower price is welcome but I bet they’re slow dropping petrol and diesel prices.
High prices in our corner of the world is just OPEC and oil companies piling on because they can

This was quoted on Sky news this morning,& also backed up by Craig James of CommSec.It has dropped something like 12% over two nights.It always (historically) takes a few weeks to flow through to the pumps.

[Franco Cozzo]

Originally Posted by hackney

This was quoted on Sky news this morning,& also backed up by Craig James of CommSec.It has dropped something like 12% over two nights.It always (historically) takes a few weeks to flow through to the pumps.

Unless when the prices rise they seem to go up at the pumps yesterday

Edit: I need to stop making the same jokes, said it a few posts back

[Adamz Ghia]

Originally Posted by hackney

This was quoted on Sky news this morning,& also backed up by Craig James of CommSec.It has dropped something like 12% over two nights.It always (historically) takes a few weeks to flow through to the pumps.

Last two weeks that simply hasn’t been true. It annoys me that they still quote this as the price at the pump has been matching the price of oil as it’s been rising, but since it’s fallen there hasn’t been the corresponding drop.

California are paying around A$2.07 ltr for unleaded and A$2.27 ltr for diesel.


Yes gotta watch out for that pesky Capital A



Ya don't want to cause an argument on the interwebs...

[T3rminator]

What about the motherland?

Boss in the UK tells me they are paying GBP 1.70 for normal unleaded. That's AUD$3!!!

[jpd80]

Originally Posted by T3rminator

What about the motherland?

Boss in the UK tells me they are paying GBP 1.70 for normal unleaded. That's AUD$3!!!

Poms love taxing the crap out of ordinary people

[hackney]

Originally Posted by jpd80

Poms love taxing the crap out of ordinary people

It is a very heavily taxed country.You even have to pay to park @ the beach.It is very expensive.Speed cameras literally everywhere.

[T3rminator]

Originally Posted by hackney

It is a very heavily taxed country.You even have to pay to park @ the beach.It is very expensive.Speed cameras literally everywhere.

Yes to tax if you follow the mums and dads rules. They have (or had) some very generous tax friendly mechanisms there if you knew what you were doing, much better than here. Makes parking fees at beaches insignificant.

Speed cameras, yes and no. By law, they have to tell you where the fixed cameras are, they are marked by squiggly lines on the road, and they can only catch you if you are speeding within that squiggly zone. You'd have to be pretty dumb to get caught, or be a foreigner

[hackney]

Originally Posted by T3rminator

Yes to tax if you follow the mums and dads rules. They have (or had) some very generous tax friendly mechanisms there if you knew what you were doing, much better than here. Makes parking fees at beaches insignificant.

Speed cameras, yes and no. By law, they have to tell you where the fixed cameras are, they are marked by squiggly lines on the road, and they can only catch you if you are speeding within that squiggly zone. You'd have to be pretty dumb to get caught, or be a foreigner

Yes,the good old ‘squiggly’,lines!There are warnings,but,there are so many of them(in very close proximity to each other).Just a real pain.Motorways not so bad,bit I still common.I was caught twice in 2015 in High Wycombe (Buckinghamshire) no idea we’re though.Last time I went back,I let the wife drive the odd 5,000 miles!

[roKWiz]

Originally Posted by T3rminator

Yes to tax if you follow the mums and dads rules. They have (or had) some very generous tax friendly mechanisms there if you knew what you were doing, much better than here. Makes parking fees at beaches insignificant.

Speed cameras, yes and no. By law, they have to tell you where the fixed cameras are, they are marked by squiggly lines on the road, and they can only catch you if you are speeding within that squiggly zone. You'd have to be pretty dumb to get caught, or be a foreigner

There I was sitting in me Jam jar when da filfh came by and laid the finger on me. I was hangin with me Julie. Goodnight jobless.

[EBSXR6]

98 in Melbourne Metro some places now $2.50 a litre.
If your XW or XY with a long range tank needs a good drink tank $400.

[EBSXR6]

Duplicate Post Sorry

[EBSXR6]

Duplicate Post Sorry

[HIPO]

ripped & lied too as usual........

[FTE217]

Just filled up the Sprint in Syd.
98 @ $2.34l
56l $132.
Its just fuel I need it, drive like you stole it

[au2000]

Epping today.. premium at costco $2.02 , 91 $1.90

[T3rminator]

Drove past a Shell on my way to the gym this morning. $1.70 for ULP!!! HUGEEE line.

On the way back from the gym, back to $2.10.

[Itsme]

Originally Posted by T3rminator

Drove past a Shell on my way to the gym this morning. $1.70 for ULP!!! HUGEEE line.

On the way back from the gym, back to $2.10.

Yes petrol is up & down like a yoyo atm, ulp $1.91 yesterday and now $2.21.
At least diesel is steady down my way for $1.95