WTF Fuel Price

by **Frost** » August 14th, 2008, 11:00 pm

I live in the border, it stays about the same, its around 1.47cpl but what about the people who do more than a tank a week.

The thing is the price cycle shouldnt put it up over 10c because its a different day.

by **YBYAVL** » August 17th, 2008, 11:36 am

i sed it b4 an ill say it again.....

RESPECT GAS!!!

its great, i dont have to hunt around for the cheap gas now
its 59.9cpl almost everywhere now ooOOOoooo
look out for the bargain ppl

by **nstg8a** » August 17th, 2008, 2:17 pm

you guys are lucky lol...
at the most expensive 91 unleaded got to $2.21 a litre over here about 7 or 8 weeks ago... its since dropped back to $1.99.9 a litre...
for shitty 91....

by **Frost** » September 15th, 2008, 9:51 pm

PRICE CRASH

CRUDE OIL UNDER $100 DOLLARS A BARREL. $96 a barrel

stays like this we will be seeing $1.20cpl again

by **AaronEF8** » September 15th, 2008, 9:56 pm

The US dollar has increased compared to the aussie dollar though, which pretty much cancels out the recent oil price drop.

by **five point slow** » September 15th, 2008, 10:06 pm

Hey it went up a cent today. I almost jumped straight onto Summit.

by **OnLiA6** » September 15th, 2008, 10:11 pm

down ere were paying 1.51 per ltr not bad, still hasnt hit over the 1.60 mark yet

by **Frost** » September 15th, 2008, 10:19 pm

Current trading rate is 82c USD to 1 AUD. it was 96c USD to 1 AUD. And oil price was $140 a barrel. for every dollar oil should drop 1 cent. theres only 14c diff in the dollar compared for $45 a barrel so mathmatically the weakening AUD cannot effect fuel price that much only by 1 to 2 cents. Not it staying 10 cents overpriced.

Oil companys are slow to decrease price but quick to increase it.

It should be averaging nationally 140.9 CPL

by **holmsy** » September 15th, 2008, 10:31 pm

meh live with it. what ya gana do.
i use a tank of gas a week $40ish per tank. to go to and from work.
and a tank of petrol each weekend to cruise in the xr8 $80-100 ish

have a cry

by **AaronEF8** » September 15th, 2008, 10:41 pm

Current trading rate is 82c USD to 1 AUD. it was 96c USD to 1 AUD. And oil price was $140 a barrel. for every dollar oil should drop 1 cent. theres only 14c diff in the dollar compared for $45 a barrel so mathmatically the weakening AUD cannot effect fuel price that much only by 1 to 2 cents. Not it staying 10 cents overpriced.

Oil companys are slow to decrease price but quick to increase it.

It should be averaging nationally 140.9 CPL

Got grammar?

We'll work off your figures and try to make it somewhat understandable.

US$140 for a barrel when the AUD was 98c = AUD$142.86 for a barrel
US$96 for a barrel when the AUD is 82c = AUD$117.07 for a barrel.

That's an AUD$26(US$21)/barrel saving, not $45 as you said. Remember we have to buy the oil using the US dollar.

by **Frost** » September 15th, 2008, 10:56 pm

Ok average price in June when oil was around $140 a barrel was around 157.8cpl - 26c if 1c decrease for 1 dollar decrease. Should = 131.8cpl.

I said a difference in $45 a barrel compared to dollars strength shouldn't effect it that much.

So then say AUD was still 98c at $96 a barrel = $97.95c AUD a barrel. rounded to $98 AUD. $45 difference. so 157.8cpl - 45c = 112.8cpl = 19c difference. That is not a huge overall difference.

The point I was trying to get across petrol shouldnt of decreased 7c avg in melb for over a $26 decrease overall in oil price.

Edit - The US are 40mins into a days trading and there price has dropped to $94 a barrel and the AUD has increased to 83c

by **AaronEF8** » September 15th, 2008, 11:16 pm

The point I was trying to get across petrol shouldnt of decreased 7c avg in melb for over a $26 decrease overall in oil price.

Why didn't you just say that then? I agree. You don't need to falsify calculations to make it sound better though.

The whole 'if oil drops by $1, petrol drops by 1cpl' is just a VERY VERY basic rule of thumb for people to have a 1 second think when they see the oil price on the news. It isn't how petrol prices are worked out in Australia, and to be honest I thought you were smart enough to know that. My apologies.

So then say AUD was still 98c at $96 a barrel = $97.95c AUD a barrel. rounded to $98 AUD. $45 difference. so 157.8cpl - 45c = 112.8cpl = 19c difference. That is not a huge overall difference.

Where does the 19c difference come from, and what does it have to do with anything?

by **five point slow** » September 15th, 2008, 11:17 pm

Frost wrote:and the AUD has increased to 83c

http://www.summitracing.com

Yay for the Atlantic hurricane season!

by **Frost** » September 15th, 2008, 11:50 pm

Hows oil price worked out in Australia?

After taking in all the factors - EG we based of Singapore, AUD strength, oil barrel price.

I was always under the assumption for $1 for 1c.

But please explain? As if there's a different way it would be good to know

by **AaronEF8** » September 16th, 2008, 12:13 am

Ok, well I'll explain it in basic terms, as it is hard to get exact details about these things unless you work in a petroleum company. Or you've supplied and installed every PC to OPEC, Mobil-Exxon and Shell.

What happens is the petrol company in Australia buys the oil then refines it. After the oil is refined into petrol, diesel and all the other products of crude oil, it's put into trucks and unloaded at the service station. Once it's at the service station, you pull up to the pump, put fuel into your car and pay some money.

Now when oil prices go up, the cost to ship the oil to the refinery goes up. The energy used to refine the oil costs more. The refined products cost more to ship to the servo etc. Then on top of that, you have the Govt. adding CPI index every 6 months.

Now, say you're doing a newsbreak, is it easier to say all of that, or is it easier to say 'roughly, when the oil prices drop one dollar per barrel, petrol prices drop by one cent per litre' ?

If the 1c per dollar thing were true, why were we still paying 85cpl in 2002 when oil prices were around $23/barrel?

by **AaronEF8** » December 9th, 2008, 12:21 pm

I wish the AUD was still at 83c

Just looking at the last few posts on here, it's interesting to see how much all of the figures have changed in less than 3 months.

AUD - 84c vs ~64c
Oil prices - $94 vs $50
Petrol Prices - $1.50 vs $1.00

http://www.summitracing.com

Yay for the Atlantic hurricane season!

It was a bit of a fizzer this year

I still need to get injectors and a MAF too.

by **Steady** » December 9th, 2008, 12:35 pm

hahaha, so stoked I went on a summit spree when the dollar was good.
Bought shit I didn't need, but hey, at least I got it cheap!!

by **Dansedgli** » December 9th, 2008, 12:44 pm

Hooray for lower fuel prices. LPG is back under 50c where it belongs now too. Those 4c off discount vouchers are sweet when you can fit 200 litres

by **Gozza** » December 9th, 2008, 12:44 pm

these so called experts say regular could be under 90cents soon. I got Ultimate yesterday for 1.12

by **67rce** » December 9th, 2008, 12:50 pm

I put V-Power in yesterday for 107.9cpl...

by **Italian_Stallion** » December 9th, 2008, 12:51 pm

WOOOOOOOOOO........I cant believe how cheap petrol is now!!!!! Makes me want to buy an 8

by **misk** » December 9th, 2008, 1:15 pm

gas at 47c a litre

w00 for $26 per 350km!
better than my old camry used to get lol

by **edfairmont4.0** » December 9th, 2008, 1:23 pm

Do they still have V power "racing" here?

by **TriymeD** » December 9th, 2008, 1:27 pm

Yeah its good, I buy the higher octane fuel for my car now cause the way I see it, its way cheaper than before with standard fuel so its justifable for my gas engine! Cleans it, more power......go fuel prices

by **Bipolar** » December 9th, 2008, 1:49 pm

edfairmont4.0 wrote:Do they still have V power "racing" here?

Yeah, but I wouldn't bother using it unless you have a racecar setup specifically just for it - viewtopic.php?f=18&t=589&p=9853&hilit=octane#p10331

by **edfairmont4.0** » December 9th, 2008, 2:50 pm

it can be useful when you run high comp. and lots of ignition advance

by **Commando** » December 9th, 2008, 3:08 pm

I paid 43.9c/L for gas yesterday

by **[Sterling]** » December 9th, 2008, 3:24 pm

paid $1.17 for BP ultimate this morning was happy about that.

by **krisisdog** » December 9th, 2008, 3:48 pm

I paid $1.05 ish IIRC for Caltex 98 the other day around Tweed heads, and would have paid 95c for std ulp.
LPG where I live is still >75c which is a massive WTF when normal fuel is about 1.05-1.10 L.

by **Frost** » December 9th, 2008, 6:00 pm

I paid 96.5cpl for regular today, with discount in port melb

by **TriymeD** » December 9th, 2008, 7:30 pm

Supagas on Mountain highway tonight is on 38.4 cents...waaahoooooo...except I filled up dis morn at 43.9 elsewhere doh!

by **Dumpsta** » December 9th, 2008, 7:33 pm

I paid 1.07cpl on sunday night, so much for reaching 2.00 before xmas. Cheapest I can remember seeing, especially since I got my license. My missus' old man filled up for 0.98 in Sarina on the weekend.

by **EFFalcon** » December 9th, 2008, 7:36 pm

enjoy it while it lasts...

wonder how bad we'll cop it when it ramps up again

by **holmsy** » December 9th, 2008, 7:45 pm

if fuel prices keep going down for a while.
i think it would be a good time to get gas installed
less people getting it.
less wait and if ya lucky might get a good deal.

just what i think MIGHT happen. beacause no doubt the price will go sky high again

by **Commando** » December 9th, 2008, 8:05 pm

38.4 cents

ffffffffffffuuuuuuuuuuuuu!!!

I honestly never thought I'd see gas prices drop below 59.9 (exc vouchers) ever again. 38.4 is insane.

by **Eb Barbie** » December 10th, 2008, 7:22 am

^^ Yeah no shite! Lowest I have seen was when I filled up last week and gas was 48.7.
Filling up for under $30 so beats $80+ in petrol. Although with petrol prices going down, and the lack of driving I do, I dont think I will notice a huge amount of difference between gas/petrol.

by **Gozza** » December 10th, 2008, 8:55 am

Ultimate was $1.06 around my area last night -

by **YBYAVL** » December 10th, 2008, 9:34 am

they're still rippin us off for gas!!

if fuels at around 1.07-1.10
gas should atleast be .15-.21c ....tight fisted cock chokers!...
but the goverments motto's always been "Let'em winge,they'll still pay it"

by **67rce** » December 10th, 2008, 10:13 am

Gozza wrote:Ultimate was $1.06 around my area last night -

What servo Goz, i have to throw some more fuel in the AU

by **Gozza** » December 10th, 2008, 10:17 am

Rollin sent me a message saying it was Cannon Hill...unfortunately i filled up the day before for $1.12

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