Australian Politics Forum - Petrol could hit $3 per litre

Sophia Gold Member Offline Posts: 9501	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: 52819 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 Offline Posts: 55927 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 Offline Australian Politics Posts: 117926 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 Offline Posts: 55927 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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