Comments on: Oil price drop sees no fall at bowser

By: steve cardilini

steve cardilini — Tue, 17 Feb 2009 04:46:02 +0000

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

By: erik ceslis

erik ceslis — Thu, 30 Oct 2008 06:15:18 +0000

I agree with most of the comments, petrol at the bowser should be about $1.05 or thereabouts. I was checking some of my component prices earlier today and the exchange rate was in Oct 2000 about 0.65c. We were paying about 80 something cents for a litre then when the barrel price for crude was about US$24.

The new federal government is very conspicuous in its absence from this issue when a BIG election promise was to address the spiraling petrol costs!!
Is there any truth in the rumour that Union Super Funds have been invested with our Oil Companies, wouldn’t it be in their interests and of their members to have the price at the bowser as high as possible?

By: anthony fisher

anthony fisher — Thu, 16 Oct 2008 01:06:30 +0000

We all have the right to our own opinion (stupid) or not.
I think that with most of the finacial/economic problems around the world it is simply based on greed, greed, greed and not service, service, service. Tell me why the banks can claim to be DOWN up to 25% projected profits (oh the poor dears) and yet they still rake in tens of millions of dollars in profits. The government get their fare share of the fuel excise (tax 1) and the gst (tax 2) when will this double dip end. The big oil companies seem to make plenty of dollars in profits too. Most of the LARGE fuel on sellers also seem to make a profit, yet when (Mr little)single service station trader who tries to bring service back and lower bowser prices (making adequate margins) he/she is forced out of business for trying to give others a fair go. Unfortunately we now live in such a world (which we are destroying at an alarming rate) where its all about the mighty dollar and greed, greed, greed.

By: Victor

Victor — Wed, 15 Oct 2008 13:44:22 +0000

eh179driver – you just beat me on the whole euro rant!

Point being fuel really is bloody cheap here in relative terms. Go and live outside Australia even briefly and you’ll notice! We really have nothing to complain about here relative to a lot of other countries…

By: eh179driver

eh179driver — Wed, 15 Oct 2008 13:16:55 +0000

For my 2 cents worth, petrol and diesel here in Europe has not come down either. I filled up earlier in the week in Hamburg and it is still EU1.38/litre. I am not sure what the Aussie $/Eu is right now but it will equate to around AU2.25/lite. Diesel is around UU0.08/litre more than petrol depending on the diesel you buy. Last week in the EK petrol was around PS1.25/litre and diesel was around 0.05/litre more. I don’t know of too many ares in Europe where fuel has dropped at all apart from the normal weekly discount cycles.
It seems to me that we have the same problem.
I can’t wait to get back to Australia and buy cheap petrol again!!!

By: John

John — Wed, 15 Oct 2008 12:39:33 +0000

Not sure why I am replying given some of the really stupid comments of some

Bottom line is drop in $AUD value has haappened in conjunction with drop in oil price and have counter acted each other. While price of oil reached $147 US it only lasted a couple of days and the price that would have impacted was more like ~$140 US. Although we are linked to the Tapas Price (Singapore based).

What is really needed is a transparent calculation which provides an indicative petrol price taking into account $AUD and Tapas price, etc so that oil companies are kept in check. This would be better than Fuelwaste ..err Fuelwatch

By: Andrew M

Andrew M — Wed, 15 Oct 2008 12:13:14 +0000

why do you think pedometers were invented Anthony??

By: anthony fisher

anthony fisher — Wed, 15 Oct 2008 12:05:25 +0000

We are to believe we live in the lucky country and im sure at imes we do, however i dont feel so lucky paying all these fat cats their large and undeserved profit margins , i mean where’s the service in service station. And they cry but its this and that , the bottom line IS the bottom line. Soon their may not be much oil for sale and we’ll need alternatives, so look out if you walk or cycle , as im sure someone will come up with a step or pedal tax.

By: SamR

SamR — Wed, 15 Oct 2008 11:43:07 +0000

I don’t think the oil companies in Australia are screwing us any more then they usually do. (and that is good and normal in a capitalist society)

The reason I think this is that there is SO MUCH MONEY involved. If they were screwing us 10, 20 or more cents a litre (that people here they are) they would be ROLLING in money, tens of Billions extra.

They would not be able to hide it in their accounts it would be pure profits. The ACCC, the Govt and everyone else would be all over them.

By: Falcodore

Falcodore — Wed, 15 Oct 2008 10:10:04 +0000

The ACCC arejust a bunch of overpaid yesmen who do nothing for the consumer and im not just talking about their lack of action concerning fuel prices/companies. Genie, me and the bloke i work with, who is right into the stock market etc, worked it out roughly. Not sayin im right, but when the price of fuel in the next town down the road (roughly 45 mins away)is 7/8c/l cheaper it makes me think they’re gouging or something considering it used to be the other way around only 8 months ago. Work that out for me please cause i cant.