Petrol Price crisis...... - Page 14

**GasoLane** · 10-12-2015, 08:46 PM

Quote:

Originally Posted by TUF_302

You poor b@st@rds!!

Not sure why you tried to avoid the censor, bastards is fine to use

Sprintey · 12-12-2015, 08:22 PM

Quote:

Originally Posted by Syndrome

Others say it is due to the global economic malaise which has reduced demand for the stuff.

Who is correct?

Heads up Syndrome, it's not just oil; it's the entire commodity complex. Watch for the Fed raising (or chickening out?) interest rates this coming week. If so it will be the first time in 7 or 8 years. Responding to the GFC, rates were dropped to crazy lows which injected one final boom into the commodity complex and emerging markets. Capital was fundamentally mispriced by the central banks: if left to the markets interest rates would have been way higher. Should the Fed raise, all those who took on way too much debt, or producers who cannot now service payments as of oil/copper/iron ore prices being smashed, are going to be under acute stress. Already, junk bonds are beginning to blow up - commodities first this time - while in 2007 it was tranches of home loans with very dubious lending standards. As then, this is spreading to other sectors of corporate debt.

Geopolitically, the Saudi's pumped in the 1980's with the aim of reducing the revenue of the USSR just as Reagan greatly increased US arms spending (500 ship navy and re-activation of Iowa class battleships, for eg) - and history would say that worked. Same again? Or more like the 1930's with the rise of trade blocs, currency wars, embargoes, and proxy wars like the Spanish Civil War?

GASWAGON · 13-12-2015, 07:57 AM

So if oil is so low why ar'nt we seeing $1.00 per litre like this time last year???

DRU842 · 13-12-2015, 12:29 PM

The AUD is way weaker around 20% or more year on year.

GASWAGON · 14-12-2015, 06:43 PM

Quote:

Originally Posted by DRU842

The AUD is way weaker around 20% or more year on year.

So hovering around $1.10 per litre is probably the best price we will see for a while which is where its presently at.?

Unless oil drops to $20 per barrel which has been predicted by some lately???

BLUEYBA · 15-12-2015, 10:01 AM

Quote:

Originally Posted by CoolBFWagon

So hovering around $1.10 per litre is probably the best price we will see for a while which is where its presently at.?

Unless oil drops to $20 per barrel which has been predicted by some lately???

It wasn't a $1.10 when I was driving to work this morning. Way higher than that

joolz · 15-12-2015, 04:08 PM

Funny how the Tapis crude has dropped along with the diesel wholesale price but unleaded wholesale price is increasing. Unleaded at the pump likely to rise sharply.

Syndrome · 15-12-2015, 11:59 PM

Quote:

Originally Posted by joolz

Funny how the Tapis crude has dropped along with the diesel wholesale price but unleaded wholesale price is increasing. Unleaded at the pump likely to rise sharply.

http://www.theage.com.au/business/co...14-glnll6.html

Qwerty321 · 16-12-2015, 12:36 AM

Quote:

Originally Posted by TUF_302

You poor b@st@rds!!

On the plus side our rego's cost way less than yours and we only have one toll road in the entire country, and it costs $2.60

Guess that's only fair considering the NZTA must pull in a fortune with those petrol taxes. Also explains why we only have like 6 speed cameras

Syndrome · 18-12-2015, 11:26 AM

Oil hits seven year low (the same year this thread was started)

http://www.marketwatch.com/story/us-...st=tbeforebell

GASWAGON · 19-12-2015, 05:47 PM

Quote:

Originally Posted by Syndrome

Oil hits seven year low (the same year this thread was started)

http://www.marketwatch.com/story/us-...st=tbeforebell

Gees this is amazing.

I think we will definately see $1.00 per litre very soon just like last year.

E10 is already down to $1.05 in some United servo's.

YEEEHAAAAA!!!!

Qwerty321 · 19-12-2015, 05:53 PM

Quote:

Originally Posted by CoolBFWagon

Gees this is amazing.

I think we will definately see $1.00 per litre very soon just like last year.

E10 is already down to $1.05 in some United servo's.

YEEEHAAAAA!!!!

Just picked up 98 in Auckland for $1.65, I've never seen petrol this cheap since before I started high school hahaha. Yes, I'm part of the generation that got their first car when gas was peaking at $2.10 a litre... and my first car was still a 3L sedan

joolz · 22-12-2015, 02:30 PM

Just in time for Christmas. $1.34.9 in Melbourne. Up from $1.09.9

MickyB · 22-12-2015, 02:53 PM

Quote:

Originally Posted by joolz

Just in time for Christmas. $1.34.9 in Melbourne. Up from $1.09.9

And the wholesale price up by a whopping 0.4c in the last week. http://www.theage.com.au/business/en...21-glt0vp.html

adumb · 22-12-2015, 03:49 PM

Filled up with my car with 98 this morning for 1.19, filled the Mrs car with 98 this afternoon for 1.53

Trump · 22-12-2015, 07:27 PM

^ Opportunistic jockeys of the rooster...

GASWAGON · 22-12-2015, 08:53 PM

Quote:

Originally Posted by joolz

Just in time for Christmas. $1.34.9 in Melbourne. Up from $1.09.9

Ye this just sucks.

I just did a quick calculation and a tank of fuel is almost $15 more expensive at these new prices.

How can they charge so much when the wholesale price is so low???

Trump · 23-12-2015, 11:26 AM

Because cartels.

joolz · 23-12-2015, 10:27 PM

Quote:

Originally Posted by Loud_Noises

Because cartels.

You forgot to mention GovCo. They need all the GST revenue on high prices they can get.

Trump · 24-12-2015, 11:41 AM

Interesting commentary by Michael Pascoe:

http://www.theage.com.au/business/en...23-glu0qy.html

Syndrome · 07-01-2016, 09:04 AM

Let's party like it is 2004 again

http://www.marketwatch.com/(S(rnrsyd...ars-2016-01-06

joolz · 07-01-2016, 12:02 PM

Quote:

Originally Posted by Syndrome

Let's party like it is 2004 again

http://www.marketwatch.com/(S(rnrsyd...ars-2016-01-06

Doesn't mean much at all as Australia goes on the Tapis price.
Unleaded in Melbourne today around $1.17.9 cpl

Syndrome · 07-01-2016, 12:05 PM

Quote:

Originally Posted by joolz

Doesn't mean much at all as Australia goes on the Tapis price.
Unleaded in Melbourne today around $1.17.9 cpl

Yes it does because if Brent and other types of crude oil prices are down, Tapis will eventually follow.

joolz · 07-01-2016, 12:16 PM

Quote:

Originally Posted by Syndrome

Yes it does because if Brent and other types of crude oil prices are down, Tapis will eventually follow.

Eventually yes but the wholesale price of unleaded has not. Look at the chart I posted.

Romulus · 07-01-2016, 12:21 PM

Neither the fuel companies nor the government would like the price of fuel to come down. The lower the fuel price the less GST collected.

Syndrome · 07-01-2016, 01:49 PM

Quote:

Originally Posted by Romulus

Neither the fuel companies nor the government would like the price of fuel to come down. The lower the fuel price the less GST collected.

Just like house prices and stamp duty, rates etc. Keep the balloon inflated at all costs to the detriment of the people.

joolz · 07-01-2016, 02:19 PM

Quote:

Originally Posted by Syndrome

Just like house prices and stamp duty, rates etc. Keep the balloon inflated at all costs to the detriment of the people.

Probably not related but if you get to watch The Big Short its kinda similar in regards to vested interests and greed.

Syndrome · 11-01-2016, 10:50 PM

Just stumbled across an interesting website. Look at all the tankers on the seas!

http://www.marinetraffic.com/en/ais/...tery:25/zoom:9

Zoom in to get more information.

Syndrome · 12-01-2016, 05:54 PM

Tapis price at 11 year low - look at point 1 in first link:

http://www.businessinsider.com.au/10...alia-v7-2016-1

http://www.businessinsider.com.au/th...-rising-2016-1

Sprintey · 13-01-2016, 10:49 PM

Take a squizz at the Baltic Dry for more sh&ts and giggles...