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The Nasty Christmas Surprise In Store For Drivers (Read 401 times)
imcrookonit
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The Nasty Christmas Surprise In Store For Drivers
Dec 16th, 2010 at 4:05pm
 
A NASTY Christmas surprise is in store for drivers, with a 4c-a-litre spike in petrol prices due by the end of the year.   Sad

The petrol pain comes as a new report by the Australian Competition and Consumer Commission revealed it is becoming even harder to predict the cheapest day to buy fuel.

The weekly retail price cycles, slammed by consumer watchdogs as artificially inflated, often moved through the week in 2010.

CommSec economist Savanth Sebastian said oil prices were at a 25-month high and likely to rise even further.   Sad

Bowser guide: Search petrol prices near you

The strengthening US economy is also expected to raise the domestic petrol price in the new year.



Mr Sebastian said wholesale prices had risen another three cents in the past week but the price spike had yet to flow through to the bowser.

"The average national metropolitan price at the moment is 128.6 cents a litre and you'd expect to see that push past $1.30 in the next two weeks," he said.

"You may see petrol finish up the year about 3-4 cents up a litre."   Sad

The ACCC's report, issued yesterday, found petrol prices hit a low of 116 cents per litre in October 2009 and a high of 130 cents per litre in May 2010.

Friday is generally the most expensive day to buy petrol in Melbourne, while Wednesday or Thursday are usually the cheapest days.



Comments on this story

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     Greg Posted at 12:26 PM Today

         Must be a slow news day as 4c is pretty minimal in the scheme of things. The real story is in the exchange rates and the reduced price of oil not being rflected in the bowser price but I guess that would take some real investigative skills to analyse the rip off



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imcrookonit
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Re: The Nasty Christmas Surprise In Store For Drivers
Reply #1 - Dec 16th, 2010 at 4:08pm
 
Yes I know petrol is expensive, and you are right.  Something must be done about it.   Sad
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adelcrow
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Re: The Nasty Christmas Surprise In Store For Drivers
Reply #2 - Dec 16th, 2010 at 4:15pm
 
Use more public transport, walk or ride a bicycle then people will have plenty of money to pay for petrol when they need to.
It is quite simple..petrol is very cheap when we consider that is a finite, dirty, polluting source of energy and if people refuse to change the way they consume this energy source, they will get an even bigger shock when we reach peak oil or when climate change has caused he

To sum up, petrol is cheap and people are wastefull and lazy  Smiley
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Go the Bunnies
 
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gizmo_2655
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Re: The Nasty Christmas Surprise In Store For Drivers
Reply #3 - Dec 16th, 2010 at 6:04pm
 
What 'surprise'???? it happens every holiday season...
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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"
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nefertiti
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Re: The Nasty Christmas Surprise In Store For Drivers
Reply #4 - Dec 16th, 2010 at 6:06pm
 
If you drive a car, it needs petrol. So? What is the alternative?  Roll Eyes Walk?
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