Australian Politics Forum - Petrol could hit $3 per litre

Sophia Gold Member Offline Posts: 9502	Re: Petrol could hit $3 per litre Reply #225 - Mar 11^th, 2026 at 11:07pm Oh it really has begun. Just saw this on reddit that Costco has a lot of empty shelves! The toilet paper chaos all over again! https://www.reddit.com/r/Adelaide/s/5fU3AgdETx
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Frank

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Re: Petrol could hit $3 per litre
Reply #226 - Mar 12^th, 2026 at 9:23am

Sophia wrote on Mar 11^th, 2026 at 11:07pm:

Oh it really has begun. Just saw this on reddit that Costco has a lot of empty shelves! The toilet paper chaos all over again!

https://www.reddit.com/r/Adelaide/s/5fU3AgdETx

There is an entire psychiatric industry devoted to understanding panic buying. There are two schools of thought. One is that egoists and narcissists are predominant in our populations and they refuse to yield control over their environments.

The other, less judgmental approach, is that perceived crises fuel mass anxiety, and queuing at a servo for an hour before hitting the bowser creates a sense of calm, even if there’s some biffo coming for any queue jumpers.

In other words, we live in grim times and one is compelled to do something. Panic buying is something. So, let’s do that.

Another theory to explain panic buying, one of my own, is that quite a lot of us might be a bit stupid.

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freediver Gold Member Offline www.ozpolitic.com Posts: 52822 At my desk.	Re: Petrol could hit $3 per litre Reply #227 - Mar 12^th, 2026 at 9:52am Quote: There is an entire psychiatric industry devoted to understanding panic buying.
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Jasin Gold Member Online Posts: 55937 Gender:	Re: Petrol could hit $3 per litre Reply #228 - Mar 12^th, 2026 at 10:07am Well Queenslanders and southern Welsh biff over a football Why not have fun in the supermarket over a roll of trout paper?
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greggerypeccary

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Re: Petrol could hit $3 per litre
Reply #229 - Mar 12^th, 2026 at 10:12am

greggerypeccary wrote on Mar 11^th, 2026 at 3:27pm:

Bobby. wrote on Mar 11^th, 2026 at 3:18pm:

Just listened to Federal parliament -

both sides are blaming each other for the fuel crisis -
they really are puerile -
we deserve better.

Blame the rapist in the White (Supremacist) House.

He is 100% to blame.

Topped up my tank today - $2.30/litre Sad

Prices in Perth range from $2.26 to $2.40 today.

No evidence of any panic buying yet.

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Daves2017 Gold Member Offline Australian Politics Posts: 3123 Gender:	Re: Petrol could hit $3 per litre Reply #230 - Mar 13^th, 2026 at 8:28pm Yesterday Albo said that there was no fuel crisis. Today Albo said that there is? A lot can happen in 24 hours?
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Daves2017 Gold Member Offline Australian Politics Posts: 3123 Gender:	Re: Petrol could hit $3 per litre Reply #231 - Mar 13^th, 2026 at 8:30pm https://www.news.com.au/finance/economy/australian-economy/government-scrambles-... “ Government scrambles to ease Australian petrol shortages, but is not considering cut to fuel excise or GST, even as prices soar”
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Bobby. Gold Member Online Australian Politics Posts: 117935 Melbourne Gender:	Re: Petrol could hit $3 per litre Reply #232 - Mar 13^th, 2026 at 9:32pm Topped up tonight - paid $2.40 per litre for 98 Octane. The petrol station was busy - had to queue.
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Carl D

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Re: Petrol could hit $3 per litre
Reply #233 - Mar 13^th, 2026 at 11:05pm

Someone made an interesting point today about all these idiots who are hoarding fuel at home.

Might be a good idea if they had a look at their home insurance policy (if they have one) because if the fuel catches fire and burns their house down then they may find out that their insurance won't cover it.

Yep, if I ran an insurance company I definitely wouldn't cover something like that.

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Bobby.

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Re: Petrol could hit $3 per litre
Reply #234 - Mar 13^th, 2026 at 11:20pm

Carl D wrote on Mar 13^th, 2026 at 11:05pm:

Someone made an interesting point today about all these idiots who are hoarding fuel at home.

Might be a good idea if they had a look at their home insurance policy (if they have one) because if the fuel catches fire and burns their house down then they may find out that their insurance won't cover it.

Yep, if I ran an insurance company I definitely wouldn't cover something like that.

yep - and petrol containers give off fumes.

It only takes a spark and it all goes up.

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Jasin Gold Member Online Posts: 55937 Gender:	Re: Petrol could hit $3 per litre Reply #235 - Yesterday at 12:35am $3 within 4 weeks
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MattE

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Re: Petrol could hit $3 per litre
Reply #236 - Yesterday at 8:22pm

Chris Bowen a few days ago was saying there was no problem.

Now he is admitting to a problem and blaming it on farmers and the general public.

The actual blame is on him.

It seems like he has been more preoccupied with his role of being President of Negotiations for the 2026 COP31 in Turkey (who knows if it'll go ahead).

Honestly, the blame is on decades of Australian governments who have taken their eyes off of strategic sovereignty. They have been blinded since the fall of the Berlin Wall, thinking the global economy is all Australia needs.

Australia now only has two oil refineries, down from the eight we used to have. The reason? We could always get our fuel from Singapore.

But we just might not be able to do that in the coming months. Most of the oil which Singapore imports and refines comes from the middle east. Australia is reliant on Singapore finding different sources, instead of being reliant on ourselves.

It isn't like we lack the land to have our own strategic oil storage facility like in the United States. We could have such a facility with months and months of supply, slowly released and restocked being refined by all the refineries we closed down.

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UnSubRocky

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Re: Petrol could hit $3 per litre
Reply #237 - Today at 4:53am

Bobby. wrote on Mar 13^th, 2026 at 9:32pm:

Topped up tonight - paid $2.40 per litre for 98 Octane.

The petrol station was busy - had to queue.

That is actually the problem. People panic buying petrol and forcing up prices. The amount of cars on the roads at the moment is ridiculous. If you need to go to the corner stores, walk.

Even though my car is used for work purposes, I make sure that I minimise the usage outside of work. If I have to drive to the supermarket for groceries, so be it. That is not unreasonable. But the amount of times I have walked down to the highway and watched "car enthusiasts" driving around and around for no reason other than to show off their cars is unbelievable. Have we Aussies really attained a narcissistic culture where we need to show off our cars?

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At this stage...

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Bobby.

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Re: Petrol could hit $3 per litre
Reply #238 - Today at 5:44am

UnSubRocky wrote Today at 4:53am:

Bobby. wrote on Mar 13^th, 2026 at 9:32pm:

Topped up tonight - paid $2.40 per litre for 98 Octane.

The petrol station was busy - had to queue.

That is actually the problem. People panic buying petrol and forcing up prices. The amount of cars on the roads at the moment is ridiculous. If you need to go to the corner stores, walk.

Even though my car is used for work purposes, I make sure that I minimise the usage outside of work. If I have to drive to the supermarket for groceries, so be it. That is not unreasonable. But the amount of times I have walked down to the highway and watched "car enthusiasts" driving around and around for no reason other than to show off their cars is unbelievable.
Have we Aussies really attained a narcissistic culture where we need to show off our cars?

Yes - plenty of V8 boys on the road yesterday.
Beautiful cars with mag wheels - mirror like paint -
huge fat tyres on the rear wheels.
They race up and down the highway making lots of noise.
You can smell the petrol in the exhaust fumes - they must be using
large carbies for more power than fuel injection?
They must be getting only 8 miles to the gallon or less?
I don't know how they would meet emission standards? -
how do they get an engineering certificate or any insurance?

In any case - they don't seem too worried about petrol prices.

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Bobby.

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Re: Petrol could hit $3 per litre
Reply #239 - Today at 6:16am

It passed $3 at one petrol station today - highlighted.

https://petrolspy.com.au/map/latlng/-37.948718019376344/145.1697003501829

Map of today's petrol prices near Melbourne VIC:

United South Melbourne – E10 227.9, Unleaded 91 250.9, Premium U95 264.9, U98 273.9, Diesel Fuel 269.9, LPG 89.9

BP Clarendon – U91 239.9, U95 256.9, U98 264.9, P Diesel 279.9

7-Eleven Royal Melbourne – Unleaded 229.9, P Diesel 269.9, U98 253.9, U95 244.9

Reddy Express Carlton (VIC) – Unleaded 229.9, U95 258.9, U98 268.9, Diesel 269.9, LPG 78.9

BP Carlton – Unleaded 229.9, U95 241.9, U98 251.9, P Diesel 259.9, LPG 79.9

Ampol Foodary South Melbourne – Unleaded 229.9, U95 245.9, U98 254.9, P Diesel 270.9

7-Eleven Fitzroy – Unleaded 229.9, P Diesel 259.9, U98 253.9, U95 244.9

Shell South Melbourne – Unleaded 289.9, U95 244.9, U98 314.9, Diesel 269.9, LPG 99.9

Current average Unleaded fuel price in Melbourne is 229.5 cents

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