View Full Version : Oil Price
spitfirebbmf
5th Jun 2008, 13:27
Just an observation.
Oil price goes up pump prices goes up. OK.
When oil was at its high $135 dieso at my local station went up over 5 days to 129.9 per ltr.:eek:
Over the last few days oil now at $122.2 pump price 129.9. WHY ?.:confused:
Why does it not come down at the same rate it goes up, you bet if it starts to rise again pump prices will go up. GREED maybe !.:=
Well it should come down and my hour lesson should again get cheaper. I can only hope.
spitfirebbmf
6th Jun 2008, 16:18
YEP. Oil went up today and my local garage now gone up to 130.9 / ltr.
Even though it is still less per barrel than when the price was 129.9 / ltr.
So as far as I can tell this is how it works.
1/ Oil goes up pump price goes up
2/ Oil goes down lets keep making profit on the higher pump price.
3/ Oil starts going back up lets rise those price more.
The retailers should pass on the reduction in price as they pass on the increases, works both ways.
Any thoughts ?
BarbiesBoyfriend
6th Jun 2008, 23:48
TO MAKE MORE MONEY of course.
With a bit more insight you may have asked 'why is it so expensive anyway?'
Ans. Peeps is trading in it.
no other reason.
Old Fella
7th Jun 2008, 04:44
I don't know what you guys are going crook about. Diesel has been $1.829/litre here on the Mid North Coast for weeks now and has not been below $1.50/litre this year. I know I am an old bloke, but I can well remember when diesel (distillate) was about half the cost of petrol.
OOPS, Sorry, I guess you are refering to GBP and not AUD.
ix_touring
8th Jun 2008, 08:43
I make my own diesel... I get used cooking oil delivered for 35p/liter, chemicals for about 8p/liter.
My over all cost per liter is about 45p per liter!
As the retail cost goes up, i expect my used oil will too but it seems to be in proportion.
It stings a little in the winter as I need ot mix 20% "normal" diesel in to prevent waxing and it feels expensive doing this!
iX
Danny_R
9th Jun 2008, 19:23
I don't know what you guys are going crook about. Diesel has been $1.829/litre here on the Mid North Coast for weeks now and has not been below $1.50/litre this year. I know I am an old bloke, but I can well remember when diesel (distillate) was about half the cost of petrol.
OOPS, Sorry, I guess you are refering to GBP and not AUD.
Yep they mean £1.30 per litre... so about 2.70 AUD per litre!
Just another example off ripp of Britain.