Some petrol stations have already increased prices but others will follow suit.
Prices are increasing by around 22c a litre!
I filled up this afternoon at $1.41 a litre, along the road was $1.63
If you need petrol, fill up asap! Prices going up 22c
whodidthat on 04/03/2014 - 16:32
Comments
The search button doesn't seem to work.
@ Ventak
Working for me (Firefox, win8)
Not working for me either (Firefox, win8).
Following an extensive process of data gathering using the time-honoured method of trial and error, along with careful analysis of the results, I believe I have determined the cause of the curious behaviour of the RACQ Fair Fuel Price search button.
It seems to only work with postcodes in the range 4000 to 4999, and ignores anything else. Funny that! ;-)
Well, poor implementation of search functionality (aka search fail), really.
Attendant at Caltex, 57 King St., Warners Bay, NSW 2282 and my own eyes.
The pricing here in Newcastle rarely changes, i havent seen it move past/below 155.9c P/L for the last couple of months. The price today was the same as yesterday.
Besides the attendant wouldn't know squat about future pricing, Caltex set their pricing out of Melbourne for various sites, as do Shell and BP.
How come I saw $1.63 along the road in Warners Bay then? I know I wear glasses but I can see ok.
It's also (now) the same price at Greenhills.
Guess what I saw in Newcastle today……….petrol 162.8c a litre.
Not working for me either
I think it only search postcode starting with 4
Location?
Saw that on Motormouth Yikes! this is in - (SE QLD)
Oh no city slickers have to pay the price it is in the country.
until the price in the country goes up too!
Have you actually had a think about why the prices are higher in the country? It's because it costs more to get the petrol there…etc. Whereas in the city, petrol stations are much denser and much easier to deliver fuel to.
Then why is fuel cheaper in Toowoomba than it is in Brisbane?
Gas went up 50% a couple of months ago, and no one batted an eyelid, so petrol will head in the same direction.
Due to Northern Winter.. Happens every year!
And you need to go back to school if you think it went up 50%.. Or move if your maths is good…
In Adelaide it went up ~30% from 70c to 90cOzzyOzbourne's maths are perfect where I live (Bne) - LPG gas went from 62c/l up to 94c/l overnight. That's a ~50% increase as far as I can tell, and it looks like it's staying there now. It's a disgrace & nobody investigates (properly/independently).
As I said it's happened every year for many years.. It'll drop again in the coming months as the northern temperatures increase.
Supply and Demand..
It's only starting to become more noticeable now that the price is nudging $1I don't share your optimism. But let's hope.
I also am pessimistic about the price coming down. It has gone up (significantly) each of the last few years in about November and it is said to reflect the increase in energy prices in the Northern winter. That is a good theory, but very little of the LPG exported from Australia would be effected by those price changes in the Northern Hemisphere and there would be no effect whatsoever on the availability of supply for Australia. So, basically, it's a bit like saying that the price of a lettuce in Dubai is $10 so that's what you have to pay in Australia!
It will come down somewhat, and it'll never drop to the pre-November price. It's now only a marginal cheaper to run your vehicle on LPG and if you figure in the cost of converting it's probably not worth doing. Unless of course you consider the environmental benefit, but this government isn't going to do anything to achieve a benefit to the environment. Maybe reasonably priced LPG was part of the "Age of Entitlement" and we have to harden up.
LPG is a commodity, it's priced according to how much the entire globe is prepared to pay for it.
Australian Producers would happily sell all their LPG overseas if we refused to pay the price they could get elsewhere.Your example is an extremely poor one.. Fresh produce are less affected by global prices due to the logistics cost.. It's undoubtedly possible to import a lettuce to Dubai on a container ship, but noone is going to buy it from you when it arrives!
And no, LPG wont drop below November's price cause 6 months will have passed and inflation will have kicked in…
Just like Petrol prices aren't going to be lower than November's price!The other thing that's happening with LPG is that a fuel excise is being added. 2.5c every year for 5 years, so 12.5c total. Even if the Australian dollar remains stable and the world price of LPG doesn't go up, expect another 5c or so increase at the pump.
The real problem is when ownership isn't in Australian hands, then Australians are second citizens even in their own country.
That is because without tariffs and regulation a truly 'free market' ideology doesn't give us priority despite the resource being extracted from our own country."This isn't about Australian companies exporting gas for Australia's benefit. These gas exporters are overwhelmingly foreign-owned and include several huge Asian state-owned companies like Malaysia's Petronas, Korea's Kogas, Petrochina and the China Petroleum Corporation."
http://www.abc.net.au/news/2013-09-26/ogge-the-great-gas-crisis-swindle/4982664Every month Saudi Arabia sets the price of propane and butane. Since they are the largest supplier all other markets fall into line and we see the fall or rise about a week later at the pump.
I have an LPG vehicle and remember buying fuel at 45c/L. The price for unleaded at the time was $1.15 (low point of cycle). Now the price here is 90c/L versus $1.45 for unleaded (low point). It just doesn't make any sense anymore to convert vehicles to LPG in Australia. That may lead to less LPG vehicles on the road and lower demand overall, which may in the longer term decrease the price again.
Don't see how ownership comes into it tommyc…
Woodside are Australian owned and sell their LPG overseas at market rates..
Any Australian who sells their product at less than market rates is an idiot!@ scubacoles: I would accept your criticism as valid IF Australian LPG was sold on a spot market and exported all over the world. Problem is that it is not sold that way at all - it's sold on long term fixed price contracts and the LPG sold into the loical market can't simply be shipped off to some other part of the world where it will get a better price than here. And, as you mentioned logistics, you need to consider that it takes considerable time to ship LPG and there's a considerable cost involved, so again that all effects the ability to sell it to the market that will pay the best price.
Seasonal price fluctuations in other markets are largely (not completely) irrelevant to the local market and the use of "world pricing" to justify a significant increase in the local price is a mechanism to line the pockets of producers and retailers. The Australian LPG market consumes Australian produced LPG on a predicatable basis and the costing of such a supply arrangement can be accurately predicted and the market can be serviced at a price that reflects the cost and produces a reasonable profit for the producers and the retailers. If I can air freight a lettuce to Dubai for a dollar and sell it there for $10, does that make it worth $9 in Australia?
When the price of LPG drops back to pre-November prices adjusted for inflation (3%p.a.?)(maybe even adjusted for variation in A$) I'll have to eat my words, but I'm not greatly worried that it'll happen.
I've confused LNG with LPG in the post above.
The major oil companies (Mobil Oil Australia Pty Ltd, Caltex, BP, and Shell,) all produce and market LPG in Australia
http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/archive/petrolAs for "Any Australian who sells their product at less than market rates is an idiot!" well that depends on what that 'product' is.
When it is a natural resource such as what comes out of the ground, then shouldn't it belong to all Australians? Any license or contract to mine or extract should be under the provision that Australian citizens have access to it without being exposed to global fluctuations. The later controlled (and possibly manipulated) by foreign corporation and interests.When it is a natural resource such as what comes out of the ground, then shouldn't it belong to all Australians?
I don;t make the rules, in fact, I agree, but Australia does not… Labor tried that with the mining tax and the country was bleating about the nasty government taking profits from the struggling mining companies.But as a general rule, without such restrictions, you would be an idiot to sell for less than what you can get elsewhere (after costs).
denuto:
If I can air freight a lettuce to Dubai for a dollar and sell it there for $10, does that make it worth $9 in Australia?
Damn right it does if you're the sole supplier of lettuce and you can sell every lettuce in the country to Dubai.
And I can almost guarantee that the cost of trucking LPG (per litre) across the nation is significantly more than shipping it overseas. It's certainly the case in my line of business.. it's cheaper (including storage cost in Sydney) for me to import a container of product to Perth than it is to put a container on a truck from Sydney to Perth. International Shipping is ridiculously cheap!
Temperatures are high now in the Northern Hemisphere, March to September us generally Summer time there. LPG is not much influenced by the seasons, Petrol should go up from September onwards when all of Europe and the US wants Heating oil.
So following that logic you think March here is the start of Winter?
Wow!
March is just coming out of Winter for the North… It's the start of Spring! (and just like our start of Spring it's still cold.)I could explain the seasons to you, after all I lived there for over 20 years, but you might as well google it.
Google says London is 14-16 degrees with overnight lows 4-8 degrees… Not even the English call that Summer and I bet most still have their Radiators on!
Stockholm 7-12 degrees with overnight lows of 1-3 degrees… Time to get the swimmers on!
Actually, that's not bad temperatures for March. This month can go either way, either freezing cold, or mild (& occasionally up into the 20c's).
I should know, I was born over there. Why do you think I emigrated?
Oh, and yes, heating would be on!
My Told you so moment…
Guess what's happening to LPG Prices as the Northern Hemisphere winter ends?
Dropped 15cpl where I live over the past month..
That plus the reintroduction of Fuel Excise increases levels out the playing field for LPG vehicles
If you didn't know nowadays is 14-16 day cycle for lowest price on petrol. So if you need petrol every week you got no choice. I think the cycle changed for supplier to gain more profits no doubt about it, as people can't do the cheapest day of the week anymore
Soon we might see cheapest day of the month
And most people were pissing and moaning about the .15 - .45 c litre discounts prior to New Years!!!!!!
Coles And woollies are controlling the price with these vouchers……..
All fuels are the same, if not more prior to the discounts stopping thanks to the tree huggers…….
Don't complain about the prices, fir those who complained about price discounts, you have yourselves to blame……..
Roll back to 90s petrol was only 50-60cents/litre
No Coles and Woolies, plus Ampol, Shell, Caltex actually run their own business.
Was much better
It's not due to the duopoly that the price is high. There are still independents. The margins are very low and the fuel pricing is set in Singapore and then the gov slugs their excise taxes + gst on top.
I remember when everyone cracked a barney in either '99 or 2000 when it hit .99 cents to just above $1
ACCC Petrol Price (google it up) is perfect to watch the price cycle graphed.
In England, petrol apparently costs 1.33 Pounds per litre. Over $2 a litre. We actually have it good in Australia and Caltex only makes 5c/L of margin.
It is true about UK pricing, much cheaper here. But then again, it's much cheaper in USA than here.
They grumble when it goes up 2c."in Australia and Caltex only makes 5c/L of margin.
… that's what they'd have us believe.
Yup they want you to believe that
It sounds about right, but given they sell in excess of 40 million L a day though. Lot of overheads and operating costs involved with fuel production/importation/delivery. Also need to account for shandy's, spills etc as well.
I use (http://fuelprices.racq.com.au/fairfuelprices/) to keep track…what is your source?