Ryan1981
Ryan Talbot
not trying to hijack this thread, but why the heck is diesel so expensive by comparison anyway?,its the least refined fuel out of the lot,id consider it a by product of the distillation process.
Current fuel prices.
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Ryan1981 said:
Diesel is basically tied to demand for it from the Singapore refineries, in China, their biggestmarket. ULP floats up and down based on the global crude price and is also effectively driven by the Singapore price.
Rob
Put diesel in the 4by today in Kempsey @ $1.32/L 
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Goldpick said:Geez, a jump by 20c in the petrol prices today was a bit of a shock! From what I have seen, it is in relation to the Supermarket giants trying to end the lengthy "discount cycle" we are currently experiencing ( or maybe this is the price that it should really be at in the first place). Last time they tried this a few weeks back, a majority of the non-supermarket outlets left their prices at the lower amount, eventually forcing the supermarket outlets to follow suit.
Probably better off shopping around to those willing to remain with the lower pricing, just to stick it up the supermarkets.
Fuel prices should logically follow the price of oil per barrel.
Oil has been in a downward spiral for months with this recently continuing in the last few days. ($49.20 per barrel USD, West Texas crude as of 5min ago)
I think the regulators are a crock..... more tax payer funded nonsense!
But we are used to that hey!
Oil has been in a downward spiral for months with this recently continuing in the last few days. ($49.20 per barrel USD, West Texas crude as of 5min ago)
I think the regulators are a crock..... more tax payer funded nonsense!
But we are used to that hey!
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Metamorphic said:Fuel prices should logically follow the price of oil per barrel.
Oil has been in a downward spiral for months with this recently continuing in the last few days. ($49.20 per barrel USD, West Texas crude as of 5min ago)
I think the regulators are a crock..... more tax payer funded nonsense!
But we are used to that hey!
It's not that bad here mate.
Today in UK
And
Um Joe, the Poms follow the price of West Texas Crude in fuel deliberations also, the world does.
Currency denunciations are irrelevent, they are there, we are here.
1 BPS has the same buy power to them there, as 1 AUD does to us here..... buying power only increases or decreases if your travelling abroad on an exchange rate between the two!
No what i mean bud
Currency denunciations are irrelevent, they are there, we are here.
1 BPS has the same buy power to them there, as 1 AUD does to us here..... buying power only increases or decreases if your travelling abroad on an exchange rate between the two!
No what i mean bud
Goldpick
Chris Johnson
joe said:Goldpick said:Geez, a jump by 20c in the petrol prices today was a bit of a shock! From what I have seen, it is in relation to the Supermarket giants trying to end the lengthy "discount cycle" we are currently experiencing ( or maybe this is the price that it should really be at in the first place). Last time they tried this a few weeks back, a majority of the non-supermarket outlets left their prices at the lower amount, eventually forcing the supermarket outlets to follow suit.
Probably better off shopping around to those willing to remain with the lower pricing, just to stick it up the supermarkets.
https://www.prospectingaustralia.com/forum/img/member-images/175/1423132842_image.jpg
Yes, it hasn't changed everywhere as yet, guess they are testing the waters so to speak. Will be interesting to see what price movements occur overnight. Still, it is rather annoying to have such a variance in prices across town.
Those prices I quoted were from Darlington servos at around 4.30pm today.
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It's hard to understand the logic when converted into exchange rate. They must be stock piling at the cheapest rate and offloading or compensating for the high price?Metamorphic said:Um Joe, the Poms follow the price of West Texas Crude in fuel deliberations also, the world does.
Currency denunciations are irrelevent, they are there, we are here.
1 BPS has the same buy power to them there, as 1 AUD does to us here..... buying power only increases or decreases if your travelling abroad on an exchange rate between the two!
No what i mean bud
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Goldpick said:joe said:Goldpick said:Geez, a jump by 20c in the petrol prices today was a bit of a shock! From what I have seen, it is in relation to the Supermarket giants trying to end the lengthy "discount cycle" we are currently experiencing ( or maybe this is the price that it should really be at in the first place). Last time they tried this a few weeks back, a majority of the non-supermarket outlets left their prices at the lower amount, eventually forcing the supermarket outlets to follow suit.
Probably better off shopping around to those willing to remain with the lower pricing, just to stick it up the supermarkets.
https://www.prospectingaustralia.com/forum/img/member-images/175/1423132842_image.jpg
Yes, it hasn't changed everywhere as yet, guess they are testing the waters so to speak. Will be interesting to see what price movements occur overnight. Still, it is rather annoying to have such a variance in prices across town.
Those prices I quoted were from Darlington servos at around 4.30pm today.
Definitely on the rise.
Wholesale price
joe said:
True mate, exactly what they do....same for iron ore etc etc.
Gee sometimes i wish it was the 80's again. Remember when fuel was 52c per litre and it was leaded back then.
V8 Monaro, Portsea backbeach, Aussie Crawl on the tape deck...........Ah time for bed!
Regards
silver
silver
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I think they've used the current drop in price to bring about a drop in the octane levels without anybody being aware of it(my personal thoughts),.. I for one have had a distinct reduction in mileage out of a tank full,..even though it's cheaper I find I have to fill up more often,....they have done this sort of stuff before, where they have made a reduction in the power per unit of petrol that is available,.. can't quote times or amounts, just lived through it at the time. We will probably find that the price will go up again but the reduction in mileage per tank will be permanent(if that's what has happened). That's my take on it all,... be interested to know everyones thoughts on their fuel economy of late, just so I can get a bit of perspective,.. and maybe a reality check.
I may need an education on a few points, that's ok by me though.
Cheers and Beers.
Silver.
I may need an education on a few points, that's ok by me though.
Cheers and Beers.
Silver.
The cheap oil prices were all to do with hammering the Russians and making them suffer while under economic sanctions and also to put the American frackers under pressure, most oil producers cap the amout they produce but the Saudi's and Yanks kept pumping to drive the price down to cripple Russias revenue from oil exports, the Saudis were pumping oil at a loss during all of this.
Were all just little pawns in a much bigger economic power game.
Were all just little pawns in a much bigger economic power game.
Brent crude $57 bbl overnight , last months figures showed American Oil Rigs in hiatus at a ten year low , as shale oil producers @ $54 bbl are now starting to close up , analysts are now predicting stabilising at a level of about $60 bbl by mid year . Australian wholesale petroleum prices ( apart from the discount cycle ) are actually set by refinery prices out of Singapore . Petrol prices will not drop in total accordance with oil price as the price of production does not change.
Edited bulletin I received
Much time is being spent discussing the attempt by OPEC producers, especially Saudi Arabia, to drive higher-cost US shale drillers out of the oil game. The theory is that because OPEC cartel members can drill at dirt-cheap prices, they can inflict despair on the lightly defended shale patch. In the end, US drillers will have wave the white flag and shut down.
The trouble with that theory is that OPEC actually has higher costs, by a wide margin.
The difference boils down to definitions. When you are talking about how much it costs, say, the Oklahoma-based company Continental Resources to drill in North Dakota, its roughly $40-$50 a barrel, judging by average outlays. That takes into account all the costs strictly associated with drilling, and suggests how much Continental probably has to earn in order to break even.
Things become more complicated when you turn to Saudi Aramco and its production at, say, the supergiant Ghawar oilfield. Western experts say that Saudi production costs average $10-$20 a barrel, give or take a few dollars either way. Of course, there are no hard public numbers when it comes to most Saudi oil data, only estimates from industry experts.
But Saudi Aramco is only superficially comparable to Continental Resources. It is an arm of the Saudi government; the oil that it drills funds roughly 80% of the palace budget, which by extension covers Saudi education subsidies, low-priced energy, housing allowances and other benefits, not to mention lavish support for the lives and schemes of every royal family member. Here is how this works across the oil patch.
So why do analysts persist in describing the opposite juxtaposition? Because Saudi has socked away roughly $750 billion from the days when prices were high, including the average $106 a barrel that it earned for the three years prior to the current price plunge. The richest cartel membersSaudi Arabia, Qatar, Kuwait and the UAEcan test shales mettle not because their oil is cheap, but because they are willing to draw down on their tens and hundreds of billions of dollars in the bank.
Cheers
Edited bulletin I received
Much time is being spent discussing the attempt by OPEC producers, especially Saudi Arabia, to drive higher-cost US shale drillers out of the oil game. The theory is that because OPEC cartel members can drill at dirt-cheap prices, they can inflict despair on the lightly defended shale patch. In the end, US drillers will have wave the white flag and shut down.
The trouble with that theory is that OPEC actually has higher costs, by a wide margin.
The difference boils down to definitions. When you are talking about how much it costs, say, the Oklahoma-based company Continental Resources to drill in North Dakota, its roughly $40-$50 a barrel, judging by average outlays. That takes into account all the costs strictly associated with drilling, and suggests how much Continental probably has to earn in order to break even.
Things become more complicated when you turn to Saudi Aramco and its production at, say, the supergiant Ghawar oilfield. Western experts say that Saudi production costs average $10-$20 a barrel, give or take a few dollars either way. Of course, there are no hard public numbers when it comes to most Saudi oil data, only estimates from industry experts.
But Saudi Aramco is only superficially comparable to Continental Resources. It is an arm of the Saudi government; the oil that it drills funds roughly 80% of the palace budget, which by extension covers Saudi education subsidies, low-priced energy, housing allowances and other benefits, not to mention lavish support for the lives and schemes of every royal family member. Here is how this works across the oil patch.
So why do analysts persist in describing the opposite juxtaposition? Because Saudi has socked away roughly $750 billion from the days when prices were high, including the average $106 a barrel that it earned for the three years prior to the current price plunge. The richest cartel membersSaudi Arabia, Qatar, Kuwait and the UAEcan test shales mettle not because their oil is cheap, but because they are willing to draw down on their tens and hundreds of billions of dollars in the bank.
Cheers
silver
silver
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We stay with a fuel retailer for a year or two, or until the fuel seems to be not the best of quality,..then we trial others until we find a retailer that seems to fit the bill for us and that way we share our money around over time to the different owner operators,.. at no time however though do we support or endorse the super market fuel retailers in any way shape or form. Just a personal stance we take to help protect the little guys and their family businesses to ensure they stay viable,... other wise all we will have are the big retailers and the supermarkets setting the prices up just high enough to keep us all poor,... no reality except theirs for us to live in.
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silver said:
Hi Silver. I have got a 2009 Mitsubishi Pajero 4X4 Diesel 3.2lt and I have notice that I'm not getting the Lt per 100 that I was a few months ago. Few months ago traveling from Maryborough to Melb and back I was getting around 8.2 to 9 Lt per 100, now 9 to 10.5 Lt per 100. I was thinking that it could have been that I may have dirty injectors and Air filter. But now you have got me thinking. I'll run an injector cleaner through with the fuel next time I fill up and also clean the air cleaner and see if that improves the mileage
wombat
