Diesel Prices today wtf??? 30c dearer than regular ULP

[Spoddy]

Cant say i agree with some of the wankers comments in the article.
6 months ago there was only 5c/litre difference between ULP and Diesel so how can Mr Motormouth say they have both increased by 61%. Sure maybe over the last 4 years it averages that they have, now but the main increase on Diesel has been in the last 6 months.

F@#$wits.

I agree. The focus on ULP and the fact that diesel is not yet big enough on the "family budget" watched by the politicians has given the oil companies another lever (and the fact that the govt has expanded the diesel fuel credits scheme for trucking fleets who get discounts from the oil companies as well).

[mr_walker]

Spotted last night: 179.9

Damn ... when's this going to slow down?

[neil]

On the Sunday program today Ross greenwood said " Oil will hit $200 a barrel
by Christmas and this will equate to $2.30 for petrol."
He also said "due to the last few weeks of the oil increasing the reserve bank
will have no option other than to increase official interest rates at there next meeting, This is due
to oil causing inflation to rise. He said when oil reaches $200 Australia will be in a recession."
His comments where based on an American annalist predictions who predicted
oil would reach $100 a barrel a few months back.

[mr_walker]

On the Sunday program today Ross greenwood said

Sounds suspiciously similar to this report from a month ago:

http://www.news.com.au/business/story/0,23636,23621278-462,00.html

[JustCruisn]

Ah, so they are going give us another tax payer funded watchdog eh? Awesome. Seems to me that their sole reason for existence is nothing more than a government PR stunt....

Exactly. How about we cut the crap and spend the money on just reducing he fuel tax a bit. That would actually see prices fall a bit. I would make a bigger difference then all the ACCC hot air.

[Spoddy]

Exactly. How about we cut the crap and spend the money on just reducing he fuel tax a bit. That would actually see prices fall a bit. I would make a bigger difference then all the ACCC hot air.

If the govt cuts the tax it just gives the oil companies more profit as they then just creep up the prices again....

[dammfool]

saw 182.9 tonight in sydney

[95vr6]

173.9 at Fairfield BP

[Golf Houso]

179.9 at Fairfield Shell

That BP is always heaps cheaper, I usually get 98 from there, despite me being 30m's down the road from the shell

[OilBurna]

don't forget that india and china and a few other asian nations actually subsidise prices, this is causing the demand, plus speculators. Today they are saying they expect the bubble to burst soon and the oil should be priced around $80/90 per barrel. Plus no truth to the rumour that there are lots of supertankers in the Persian gulf chock full of oil..

[mollins]

http://www.abc.net.au/news/stories/2008/05/26/2255955.htm

[gareth_oau]

The West Australian newspaper claimed earlier this week ...

Orsegtsport, you dont actually believe what you read in The West? - The only part I take seriously is Calvin and Hobbes

[orsegtsport]

Orsegtsport, you dont actually believe what you read in The West? - The only part I take seriously is Calvin and Hobbes

Nah, reading it normally just makes me angry with it's glaringly obvious right-wing bias in most of the opinion pieces. I only buy it on Monday and Thursday for the Super Rugby section.... Although they are giving away a shiny new GTI this week. Hmmm....... I might have to buy every issue this week and enter the draw

[STV4SYT]

http://www.news.com.au/story/0,23599,23763042-2,00.html

Excellent the Truckies are now involved.

TRUCK drivers have joined the protest against Prime Minister Kevin Rudd's petrol policy as he also deals with dissent from within the Labor Party.

Dozens of truckies have sounded their horns outside Mr Rudd's office in protest over rising petrol prices.

Transport owner-operators have driven through Brisbane's city centre today to raise awareness of the impacts of the rising cost of petrol.

When they reached Waterfront Place - which houses the office of Mr Rudd and other cabinet ministers - they honked their horns.

Meanwhile, Resources Minister Martin Ferguson has said he strongly supports the Rudd Government's planned national FuelWatch scheme despite opposing it in Cabinet as an anti-competitive waste of money.

[thefullback]

please note i am not defending oil companies but here are some interesting facts
Shell Clyde refinery has been in a maintenance shutdown since early Jan (i am working on the shutdown). In this time they have not produced a drop, I am told they usually supply 40% of NSW requirements. All their fuel is currently imported finished product from Asia. They are spending 300 million + on plant up grades etc. Also found out LSD plant will be built in November for operation by Jan 09.
Currently best diesel they can produce is 50 ppm.
None of this seems to get reported and may account for current high price of diesel.
In my view the cost to produce a barrel of oil has changed little, so maybe we should be after the speculators and/or the system that allows these price rises to occur.