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We Must Cut The Price Of Petrol. (Read 8115 times)
imcrookonit
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We Must Cut The Price Of Petrol.
Aug 30th, 2010 at 2:57pm
 

Motorists to enjoy cheaper petrol


The national average price of petrol fell to a six- month low of 124 cents per litre in the past week and is expected to drop further, an economist says.

The Australian Institute of Petroleum said in its weekly petrol price report the national average declined 0.8 cent per litre to 124 cents.

The metropolitan average fell 0.8 cent to 112.5 cents per litre and the regional average declined 0.7 cent to 126.9 cents per litre.

Commonwealth Securities economist Savanth Sebastian said pump prices were only heading in one direction at present - "down".

"Motorists are likely to enjoy the cheaper fuel for a while yet," Mr Sebastian said, especially if the dollar manages to hold its recent lofty level, above 90 US cents.

"The strength of the Australian dollar over the past few months has been instrumental in keeping domestic pump prices lower."

In Australian dollar terms, the benchmark Singapore unleaded price is holding at an eight-month low, he said.
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imcrookonit
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Re: We Must Cut The Price Of Petrol.
Reply #1 - Aug 30th, 2010 at 2:59pm
 
Yes I know petrol is to expensive, and you are right.  Something should be done about it.   I'm crook on it.
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Re: We Must Cut The Price Of Petrol.
Reply #2 - Aug 30th, 2010 at 3:15pm
 
I've got a better idea - stop driving Giant 7-seat 4WD's to take the video back to the shop, the kid to school, or yourself to work.  Have a look in  Europe where people have learnt to get around the steep petrol prices by driving tiny 'smart' cars or riding bikes and scooters.
Maybe if petrol was twice the price it is now, people might start to reassess what they actually NEED, and the planet would be better for it too.  Everybody wins!
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gizmo_2655
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Re: We Must Cut The Price Of Petrol.
Reply #3 - Aug 30th, 2010 at 3:41pm
 
Quote:
Yes I know petrol is to expensive, and you are right.  Something should be done about it.   I'm crook on it.



And the only thing that CAN be done about it, is something YOU'D object to....

The only possible ways to cut the price of petrol in this country would be either for the Government to 'nationalise' ALL petrol production by taking over ALL the oil wells and oil companies, or by bringing back the old "Prices Surveillance Act 1983"...
Both of which people would scream 'Socialism' about....
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vegitamite
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Re: We Must Cut The Price Of Petrol.
Reply #4 - Aug 30th, 2010 at 3:49pm
 


Ah- the Price Surveillance Act 1983... Interesting.
This may be something I need to look into that I have been querying and wondering about !!!
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Life_goes_on
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Re: We Must Cut The Price Of Petrol.
Reply #5 - Aug 30th, 2010 at 3:51pm
 
Quote:
Both of which people would scream 'Socialism' about....


It might be socialism, but what exactly is the downside?

(apart from the actual act of nationalising the industry in the first place)
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« Last Edit: Aug 30th, 2010 at 4:00pm by Life_goes_on »  

"You're just one lucky motherf-cker" - Someone, 5th February 2013

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gizmo_2655
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Re: We Must Cut The Price Of Petrol.
Reply #6 - Aug 30th, 2010 at 4:00pm
 
Life_goes_on wrote on Aug 30th, 2010 at 3:51pm:
Quote:
Both of which people would scream 'Socialism' about....


It might be socialism, but what exactly is the downside?



There really isn't one....
I don't have a problem with the Government TELLING the petrol companies what price they should or can charge per litre for petrol...

But there's a lot of people here who will complain about the Government 'interferring' in private enterprise....
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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat
 
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gizmo_2655
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Re: We Must Cut The Price Of Petrol.
Reply #7 - Aug 30th, 2010 at 4:03pm
 
Quote:
Ah- the Price Surveillance Act 1983... Interesting.
This may be something I need to look into that I have been querying and wondering about !!!



Back in the 'old days'...when I was a teen....there used to be Government employees who were the ONLY people who could change the price per litre(or gallon) on the pumps at the servos.....and THAT only happened once or maybe twice per month.....rather than 2, 3 or 4 times a week....

Back in those days, the petrol companies, like Mobil, Shell etc....had to apply to the Federal Government for permission to change the petrol price...

In fact, when the original 'Gulf War' started, in 1990 or 1991....the petrol company reps arrived in Canberra at 7am (on the day Saddam invaded Kuwait) requesting permission to increase the price by 5c per litre.....
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« Last Edit: Aug 30th, 2010 at 4:09pm by gizmo_2655 »  

"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
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Re: We Must Cut The Price Of Petrol.
Reply #8 - Aug 30th, 2010 at 4:03pm
 
gizmo_2655 wrote on Aug 30th, 2010 at 4:00pm:
Life_goes_on wrote on Aug 30th, 2010 at 3:51pm:
Quote:
Both of which people would scream 'Socialism' about....


It might be socialism, but what exactly is the downside?



There really isn't one....
I don't have a problem with the Government TELLING the petrol companies what price they should or can charge per litre for petrol...

But there's a lot of people here who will complain about the Government 'interferring' in private enterprise....



But you've got to wonder what leverage a government would have.  Big Oil exec could just say 'fine, no petrol for you' and then the country grinds to a halt....
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Life_goes_on
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Re: We Must Cut The Price Of Petrol.
Reply #9 - Aug 30th, 2010 at 4:04pm
 
Quote:
But there's a lot of people here who will complain about the Government 'interferring' in private enterprise....


So I've noticed.
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vegitamite
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Re: We Must Cut The Price Of Petrol.
Reply #10 - Aug 30th, 2010 at 4:12pm
 
Back in the 'old days'...when I was a teen....there used to be Government employees who were the ONLY people who could change the price per litre(or gallon) on the pumps at the servos.....and THAT only happened once or maybe twice per month.....rather than 2, 3 or 4 times a week....

======================

  did just stop at petrol ?

In the 'old days' when my parents owned a grocery store. I remember a man coming around I think it was every 6 months. To check the books and the profit /pricing margin.

For some reason I remember groceries ( and other consumer goods) had a 33 and a third percent profit margin and you couldnt go above a RRP Recommended retail price .
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Life_goes_on
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Re: We Must Cut The Price Of Petrol.
Reply #11 - Aug 30th, 2010 at 4:14pm
 
Quote:
Back in the 'old days'...when I was a teen....there used to be Government employees who were the ONLY people who could change the price per litre(or gallon) on the pumps at the servos.....and THAT only happened once or maybe twice per month.....rather than 2, 3 or 4 times a week....


I don't know when that was, but my parents owned service stations in NSW during the late 60's and 70's and they changed their own pump prices at the direction of company (in their case, Ampol). At random someone would come from the wholesaler to check the prices or someone from the govt would come to check the pump accuracy.
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"You're just one lucky motherf-cker" - Someone, 5th February 2013

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gizmo_2655
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Re: We Must Cut The Price Of Petrol.
Reply #12 - Aug 30th, 2010 at 4:16pm
 
... wrote on Aug 30th, 2010 at 4:03pm:
gizmo_2655 wrote on Aug 30th, 2010 at 4:00pm:
Life_goes_on wrote on Aug 30th, 2010 at 3:51pm:
Quote:
Both of which people would scream 'Socialism' about....


It might be socialism, but what exactly is the downside?



There really isn't one....
I don't have a problem with the Government TELLING the petrol companies what price they should or can charge per litre for petrol...

But there's a lot of people here who will complain about the Government 'interferring' in private enterprise....



But you've got to wonder what leverage a government would have.  Big Oil exec could just say 'fine, no petrol for you' and then the country grinds to a halt....


However wesley...the problem with THAT is....90% of the petrol WE use/buy actualy comes from HERE....Bass Strait and the North West Shelf.....

It's pumped out of Australian wells, sold to Indonesian refineries(for about 0.05c per litre)..procesed in Indonesia, then bought back from the refineries(by the SAME company) at world 'parity' prices...

In a nutshell....Shell Australia sells the oil to Shell Indonesia for less than $5 per barrel, then buys it back from Shell Indonesia at $60-$75 per barrel, for sale in Australia....

The left hand 'gives' it to the right hand...then the left hand buys it back from the right hand, at an obscene markup...
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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat
 
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vegitamite
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Re: We Must Cut The Price Of Petrol.
Reply #13 - Aug 30th, 2010 at 4:24pm
 
I'll post an old dated email I recieved on petrol pricing . Just for interest "\

A call to all politicians: If you are not a traitor to Australia,
then bring in a bill to abolish WORLD PARITY PRICING of oil.

Today [May 28] in parliament Malcolm Turnbull tried to wax lyrical
about the beauties  of competition. He praised the lowering of tariffs
on imported goods,[many of which come from slave-labour countries] and
he said that any business had the right to change prices at any time.

Logically, he should have gone on to condemn the policy which is
bringing hardship to our poor families - the wretched policy
of WORLD PARITY PRICING of oil.

Why should Australians be charged for their own oil at the same price
as in Singapore, or the controlled markets of the Middle East?

So, Malcolm Turnbull, if you are genuine and logical, then bring in
a bill to allow free competition in oil-pricing, and get us out of the
straight-jacket of World Parity Pricing before that treacherous policy
destroys more and more businesses and families.

How can oil company profits rise when they are paying more for oil?

Does a baker derive greater profits when he has to pay more for his flour?
How come the oil companies' profits just keep going up and up, despite the
cost of their raw material -- oil -- going through the roof?

My conclusion is that they are not any different from their favourite
bedmates -- the kosher banksters -- who profiteer from everybody else's
misery.

Have a  look at http://en.wikipedia.org/wiki/Gasoline_usage_and_pricing

Venezuela sells to the motorist at 5c US per litre.

So, this info is also available to Oz radio talk show hosts, but I can't
imagine anyone of them starting the program with guest Mr Rudd or Mr
Turnbull, "The price of unleaded in Venezuela is 5cUS per litre and though
they have 100% self sufficency, we have 80% self sufficiency in liquid
hydrocarbons and natural gas, why then do we pay $1.50 per litre? Would
10c be a fairer price ?".

To verify that Australia is 80% self-sufficient go to
http://www.csiro.au/science/ps115.html

Also, some material published by government sources says we are 85%
self-sufficient in fuels.

What's especially amazing is that natural gas, as well as coal, can be
converted into liquid hydrocarbon fuel for vehicles.

The media clowns prattle on about whether GST should be removed from the
price per litre as it is a tax on a tax and would shave 3c off, and now,
it seems Mr Rudd is not in good odour for renegging on this tiny amount
which they had earlier mooted favourably.

No broadcaster has ever said anything worthwhile, so far as I know. Were
s/he to, it would be the last cushy job s/he would ever hold, seems to me.

How about "Caracas' price at the pumps!" as a slogan for a independent
candidate at a by-election?  But he might then meet with an accident.

It is has been reported that the cost for producing/winning/pumping a
barrel of Bass Strait crude oil is in the vicinity of $5 or $6.
And we (Oz) produce 80% of domestic needs.
Therefore, may I ask, WHO receives the difference between the $6 and the
$130+ (current price for a BBL of crude)

Does anyone know?
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Re: We Must Cut The Price Of Petrol.
Reply #14 - Aug 30th, 2010 at 4:25pm
 
gizmo_2655 wrote on Aug 30th, 2010 at 4:16pm:
... wrote on Aug 30th, 2010 at 4:03pm:
gizmo_2655 wrote on Aug 30th, 2010 at 4:00pm:
Life_goes_on wrote on Aug 30th, 2010 at 3:51pm:
Quote:
Both of which people would scream 'Socialism' about....


It might be socialism, but what exactly is the downside?



There really isn't one....
I don't have a problem with the Government TELLING the petrol companies what price they should or can charge per litre for petrol...

But there's a lot of people here who will complain about the Government 'interferring' in private enterprise....



But you've got to wonder what leverage a government would have.  Big Oil exec could just say 'fine, no petrol for you' and then the country grinds to a halt....


However wesley...the problem with THAT is....90% of the petrol WE use/buy actualy comes from HERE....Bass Strait and the North West Shelf.....

It's pumped out of Australian wells, sold to Indonesian refineries(for about 0.05c per litre)..procesed in Indonesia, then bought back from the refineries(by the SAME company) at world 'parity' prices...

In a nutshell....Shell Australia sells the oil to Shell Indonesia for less than $5 per barrel, then buys it back from Shell Indonesia at $60-$75 per barrel, for sale in Australia....

The left hand 'gives' it to the right hand...then the left hand buys it back from the right hand, at an obscene markup...




Does australia have the ability to  turn crude oil into the petrol you find at the pumps?  I don't know, but if australias track record on 'value adding' is anything to go by, we still NEED them to turn our oil into pterol, thus they can dictate the terms.
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