Why does Australia pay so much for fuel when Venezuela fuel price is only 2c per litre?
Fuel price comparison;
http://si.wsj.net/public/resources/images/P1-BL080_VENGAS_G_…
Why does Australia pay so much for fuel when Venezuela's fuel price is only 2c per litre?
Comments
- 1
- 2
even so 50% is a lot more than nothing, we shouldn't be paying extra when really most is a local product.
Why would Woodside sell us oil cheaper than they can sell it overseas?
Remember that local oil companies pay tax (PRRT) for oil they produce.
I would just like to see a constant price instead of $1.38 today then $1.65 tomorrow. I could say the same for groceries as well.
I couldn't agree more.
Australia is an overpriced dump. It has nothing to do with living in Columbia or Venezuela or wherever and getting shot crossing the street because cocaine is a $1 a gram, beer is 10c and basic utilities are poor; its got everything to do with the fact that everything sold here is automatically hiked up because its Australia. Its not the economy, its not the minimum wage, its not transport costs, its just an Australia tax that everyone has so far put up with.
E.G. Let's sell clothes here, $10 made in China, but is Australia, let's sell for a $100. In the US, it would be $15 if that.
Don't forget steam games :)
It's partly that, and mostly this:
US: 300 million
AU: 23 million
you mean in Population.
My theory is US has the biggest fist among rest of the world.
Australia is too big with a tiny population (in terms of people per km sqr).
we are screwed by distant when we look at establishing and maintaining infrastructure and services.
This is completely wrong, but everyone repeats that erroneous statement. Australia's population is not distributed evenly throughout the continent; it is concentrated in a small number of towns and cities on the (mosty eastern) coast.
Small sellers on Amazon are often able to undercut Amazon's price, despite not having the purchasing power of a Giant like Amazon.
There is no reason for items made in Asia to retail in Australia for 200% of the price they sell for in Ameritopia. We have a GST of 10% and import duty of 5.5%, petrol and real estate and wages are a bit higher that in the US, but they don't explain why we pay twice as much. The real why Australia is so expensive is because greedy capitalists are ripping people off - sometimes its the producer (eg Asics), sometimes an exclusive distributor (eg luxury goods), and sometimes the retailer (eg Coles). The state needs to regulate the economy more to punish these vultures.
Economies of scale where bulk purchasing is concerned results in a lower price.
The US is one of the biggest consumers of petroleum (may still be the biggest, not sure if China has eclipsed it).Surely you've seen group buys online? Same principle.
Once the petrol price reaches above $2.00+, people or companies may start looking for alternatives.
But don't worry guys, EV is going to be popular in the near future. That way, you don't even pay for petrol. Stick a few solar panels on the roof of your home/garden and you get worry free energy. Plus EV is very low on maintenance (almost none other than the wear and tear item, i.e. Tyres and Windshield wipers)
I hear the below when we are having 60c pl!
Once the petrol price reaches above $1.00+, people or companies may start looking for alternatives.I'd kill for some $1 a litre petrol right now
Unless it's a brushless motor, the brushes and commutator do wear and require cleaning and eventual replacement. Batteries don't last forever either.
But I like EVs despite all that.
Yep, according to a video that I watch on youtube (a name goes by TESTED), it does require an oil change (the only oil change) for the engine component every 15 years and the battery will last for 10 years. But till then, I think the prices of the batteries will drop significantly. I really want to try one of those Model S when it becomes available in Australia. Or their next new model X which is due to released later this year.
Okay, I just saw the link (Tesla) but I replied in general EV terms (ICE-EV conversion). Some dot.com guy bought the first Tesla to be imported into Australia a few years ago. It was LHD and at the time he couldn't get it registered.
But I doubt many people will see value-for-money in even a Mitsu iMiEV right now.
IMO 50K is too much for a small car, even if it is electric.In their stage 3 plan (3-4 yes from now), a compact ev sedan will be available for 30k. Plus they aim to sell the ev tech to other car makers so the price will definitely come down.
the fumes given off by an electric motor are worse than a petrol motor..
we just need teleports
i doubt that very much
here's what I'll do…
i'll put you in a locked garage and turn on my V8
i'll do the same but turn on a Nissan Leaf
lets see who walks out after an hour
There wasn't a tax on petrol before it became widely used. So rest assured the govt will find a way to tax solar energy if it ever gets widespread enough to replace dinosaur juice.
I understand the idea. Any scheme will succumb to its own popularity and attract the attention of revenue seekers.
But they can't enforce it. What are they going to do? Block the sun?
they simply find another levy to tax us. So many levies these days.
If we use the asian pricing model, WHY do we always hear about the cheaper US/UK pricing model
Because Brent and WTI move massive volumes and are very liquid markets, TAPIS only trades sporadically when there is a cargo to move (pretty much). WTI and Brent have big futures markets attached pricing contracts for years to come, TAPIS is spot.
The net outcome is if you want to know what price petrol will be, then it will follow moves in TAPIS with about 2 weeks lag. If you want to know where TAPIS prices will be, follow Brent and WTI to see what the global price is doing. So the price that is most reactive to economic news, wars etc. is WTI and Brent, which TAPIS tends to follow.
For example, if the Egyptian president gets removed, a change might take a day to get reflected in TAPIS pricing, but will be reflected in WTI in seconds. Commodities traders need the earlier price info, and since TAPIS will follow, reporting WTI is a fairly good proxy for the direction our petrol prices are heading.
I'm in The Netherlands at the moment, and compared to these guys we dont have it THAT bad. They are paying 1 euro 83+ a litre, for 95 not even 98 or 100 octane, and the average wage here is way less than back home.
Lol good luck with the pirates to whomever wants to import petrol from Venezuela.
Yeh! screw people smuggling… Let's all smuggle petrol instead!! LOL
I love australia and understand why fuel is the price it is but why does it have to go up and down daily and randomly? I understand why fuel companies hike up the price on fridays because they know people are going to get fuel no matter what for the weekend. There shouldnt be able to do it though. Its like raising the price of alcohol when its close to NYE. Id prefer a locked in rate of fuel for a few months or so .
australia is a capitalist country open to market forces
artificial price controls is something common in places, strangely enough, like venezuela
i'd like a situation where the govt. forces down petrol prices but its not gonna happen
Vietnam is 22,000 dong a litre (110 cents aud)they mostly ride scooters which can hold around 3 litres, so they fill up on average 20 litres a month.
Average wage of a Vietnamese person per month is 100 aud. So they spend 20 bucks a on petrol a month. thats 20% of their wage.
Imagine earning $4000 aud a month and paying $800 bucks a month on petrol.
Still complaining?
Based on your figures, it's 22%.
From such a low wage base, it's a big difference.i doubt the avg person there has a scooter
i doubt an average person uses 20 liters of petrol a month on a scooter. Those 50cc scooters only drink so little petrol!
I've only seen Vietnam in docos, the most recent being the Top Gear special.
Seemed to be overrun with scooters and step-throughs, many carrying 3-4 people.
Your figures do not provide proper comparison. The country that I was born has average income of $180 a month and petrol price is $1.10. But average people don't drive. Out of all who drive the average driver would drive less than 150km a week. The public transport is so cheap and frequent (far better from here). You don't need to have a car or bike to travel the whole country.
Only a person who work on a vehicle would spend too much on fuel. Even if they spend 20% of their income on fuel, everything else would cost them twice of what fuel cost them. Things are so cheap. Rent is so low. Average house rent would be $80 a month but most people live in their own houses and not many live in rented places. Health and education is 100% free.
In here everything is ridiculously expensive and in that situation a small hike in day today expense affects a lot.
Hugo Chavez was one of the few politicians I admire from the last 20 years. His government was one of the few brave enough to take on the 'robber baron' oligarchs and plutocrats. It was a government that cared about the people, rather than government designed to increase the wealth of a tiny minority of rich people at the expense of the poor.
Socialism is the only ideology acceptable to morally sound individuals.
- 1
- 2
Not true. Australia produces around half the oil it uses and imports the rest. The percentage locally produced is also declining.
Gov figures:
http://data.daff.gov.au/data/warehouse/pe_abares99010610/Ene…