Oil price drop sees no fall at bowser
October 15, 2008 by Matt Brogan
Now forgive me for having a bit of a rant here, but I feel it has to be said. Have you even wondered why oil companies are so quick to raise the bowser price when there’s even a slight change in the price of crude? I know I have. I’ve also wondered why when the reverse happens, our pump price remains inflated, seemingly never to fall again.
With oil prices now below $US80 per barrel ($US78.63 at close in New York last night), pump prices should be in the vicinity of 105 cents per litre here in Australia – and that’s still being generous. So how is it the pump price this morning at my local servo was 145cpl?
It’s certainly a far cry from the record high of above $US147 per barrel reached in July, yet pump prices have fallen – at most – fifteen cents. Am I the only one noticing a disparity here? Please feel free to leave a comment.
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I am so damn sick of being ripped off at the pump,,oil prices a couple of years ago were around $45 au a barrel ,and the aus dollar was aropund 65 cents,fuel was selling for 70- 80c au a litre,why the hell are we paying $1.20 – $1.30 a litre and more for fuel now,these evil greedy mongrels are trying to duplicate lats years record profits at the expense of the economy,which I am sure more people would have been able to pay their mortgages if they were being held for ransom at the pum,,or maybe we would go out more often,,and have money to spend,,what they are4 doing and getting away with is nothing short of highway robbery,and nothing short of ridiculous,someone should do something,,maybe we blockade all fuel stations so no one but essential services can acces petrol until they bring down the prices..crazy yes,,but if they want to sell fuels they will have to comply,,,what do u think