Do You Think Fuel Price Will Ever Go Back to The Old Price?

i just fill up my petrol yesterday and i was shock with the price ($2.39/L).
I miss the old days where petrol around $1.60 (98RON).
Do you guys think fuel price will ever go down - back to last year price?

Poll Options

  • 210
    It will never go back - this is the new normal price
  • 57
    It will never go back - most likely will go even higher in future
  • 386
    Give it time, it will go back to last year price

Comments

    • +7

      Yes so reduce my taxes then

        • -1

          It's illegal to avoid taxes, you can only minimise

          • +8

            @[Deactivated]: You're confused.

            Tax evasion is illegal. Tax avoidance is legal.

            https://www.ozbargain.com.au/comment/11831116/redir

            • -5

              @rektrading: Nope. You are confused

              • +6

                @[Deactivated]: He's right. But something being legal does not constitute it being fair, moral, or ethical.

                You can cheat on your gf, nothing illegal about that. But you shouldn't.

                • +19

                  @Kangal: Depends if she works for the ATO

              • +1

                @[Deactivated]: Nope, he's right.

                Pay the minimum amount of tax you are legally obliged to. Totally legit.

                • @R4: I won't get into semantics but what you're saying is different to avoiding tax

        • +4

          Hey everyone, this guy has solved all your tax woes; just structure that business of yours to minimise tax, simple.

          • @smartazz104: The tools are there. It's up to people to use it.

          • +1

            @smartazz104: Can you help me set up a business first?

          • @smartazz104: HAHA magically convert my employment as a typical standard aussie company's employees to a business owner now.

    • +2

      High prices aren't working, there's more cars on the road than ever.

      • -4

        Don't worry. It's only been 17D since the oil price hit $130. The lag will hit when people least expect it.

        There are other commodities like wheat that will also cause pain. People will soon have to choose between driving around for fun or buying wheat-based foods.

        BTW oil is back up to $112. I'm looking at $148 if the conflict doesn't end soon.

    • That's one of the most stupid statements I've read maybe in 2022.

      • That makes me bullish that max pain is yet to come.

    • Yes it will help the recycle because transporting items to recycle will cost more. So will running the recycling plants.

      So then it will be easier to not recycle and let them go to landfill.

      • The trucks won't stop moving. Businesses will still recycle or run the risk of having to pay more to damp their trash.

        • +1

          run the risk of having to pay more to damp their trash.

          Not with all this rain!

  • +5

    I hope not. It would speed up adoption of EVs.

      • +36

        I care about the planet a lot more than I care about your wallet tbh.

        • +48

          Obviously you aren’t on minimum wage…. There are A LOT of people having to make some very difficult decisions due to current prices. Not everyone can afford big bucks on an EV.

          • +24

            @Third_Gear: All the more reasons to herald mass market EVs sooner rather than later.

          • +36

            @Third_Gear: There's only one reason we don't have higher EV adoption here: shit government

            • +13

              @Jackson: Shit government or a biased anti-EV government.

              Corruption is rampant

            • +1

              @Jackson: Not just high EV adoption, shit NBN, bad trains, high cost of living, lack of RAT test kits therefore high prices, poor management of pandemic…. covid cases keep jumping up easing every restriction including hatred for face masks

              Morrison loves coal and doesn't know how much it is to buy loaf of bread, a litre of petrol and a RAT kit

        • +8

          That's awesome, which tree do you get your batteries and electricity from?

          • -3

            @shutuptakemymoney101: Exactly. It's pretty hypocritical that the electricity that powers EV's is still powered by coal, so it doesn't matter if the emissions come from the exhaust pipe or power plants, still the same shit to me. If the government manages to make electric cars fully dependent on renewables, then EV's will get all my praise.

            • +5

              @consume: Hang on, it takes fossil fuels to refine fossil fuels too. The difference with EVs is that you don't generate them either.

              • +2

                @MessyG: Still uses coal for the electricity that charges the battery each time. In a time where we need to be heading to 0 emissions, electrics cars running on coal isn't the answer. I'm sure there's other countries where clean energy powers EV's, and in that case all the power to them, but in Australia, coal powered EV's isn't something worth bragging about.

            • @consume: 100% correct
              This is the point all these EV nerds miss.

              Also the production and disposal of the batteries needs to be addressed

              Presently EVs barely become carbon neutral when taking battery production into account even if recharged by renewable power.
              Its the biggest car scam ever to convince pope to buy a "new" car!

              NB: Similar issue with wind generated power!

              • +2

                @HeWhoKnows: Our dependency on finite fossil fuels will be the death of us….
                Fixing our public transport infrastructure should be priority, but can you really imagine our corrupt government doing that?

                Currently, EV's are greenwashing the (profanity) up predicament we are going to find ourselves in

              • @HeWhoKnows: @Amayzingone you see, most EV nerds also got solar panel with battery backup. They don’t even need to use coal power.

              • @HeWhoKnows: Not sure where you are getting the stats on wind power. When googling "wind generated power carbon foot print" I cannot find one article on the first page that suggests the carbon footprint of wind turbines over their life is greater or even close to that of coal.

                "wind turbines average just 11 grams of CO2 emission per kilowatthour of electricity generated. That compares with 44 g/kwh for solar, 450 g for natural gas, and a whopping 1,000 g for coal"

                "amortizing the carbon cost over the decades-long lifespan of the equipment, Bernstein determined that wind power has a carbon footprint 99% less than coal-fired power plants, 98% less than natural gas, and a surprise 75% less than solar. "

                https://www.forbes.com/sites/christopherhelman/2021/04/28/ho…

            • +4

              @consume:

              It's pretty hypocritical that the electricity that powers EV's is still powered by coal

              Doesn't have to be, but even if it is, there's a fair difference in energy extraction efficiency difference between
              -coal extracted from ground and used in coal power plant ,
              compared to
              - oil extracted from ground, refined, shipped, and then burner in an inefficient ICE (even worse in au as we import a sizeable portion of our fuel, if not all)

              Both are fossil fuel based, but they both aren't equally as bad so it's still a positive net move (ignoring the fact that EVs don't have to be charged from fossil fuel based elec sources)

              (Don't have an ev, don't own tsla stock…not an ev fan boy trying to defend them)

              • -1

                @SBOB: distinction without a difference
                tomayto, tomahto

        • +1

          Big "let them eat cake" energy.

    • -2

      You want to wait longer for a spare charger 🤣

      • A lot of people will be able to charge at home/where they park with a 240v and then for the majority of smaller trips will never see a public charger. Standard 240v 10A will get you like 50km of charging in 8 hours.

        • 10-14h charging should give 100-200km going off around 20kw/100km (sedans are a bit more efficient, SUVs a bit less). That is, as you said, just using the emergency charger that is built into the car, not infrastructure required. Basic 30a chargers will obviously triple this.

          The only time most people would need a public charger is when they travel 400km+. There are already chargers every hundred kilometres from Sydney to Melbourne with many more planned.

        • -1

          Wow, 8 hours charging for 50km…

          • +4

            @elgrande: Or buy a 7kw home charger if you desperately need more. In our car's case, charge our 28kwh battery that provides over 200km range in four hours between midnight and 4am for 7.46c / kwh =$2.09… Or you know, spend that much on 1L of fuel.

            • @JownehFixIT: Which retailer gives you 7.46c /kw!
              Thanks

              • +4

                @Gotchas: Powershop (recently bought by Shell…) it's an EV super tariff (or so they called it 3 years ago when we switched to that plan.)

                That rate is 12am-4am weekdays so we just coordinate our charging to when we need it. Some weeks we charge once a week. Others twice, and sometimes not at all. Depends on how many trips to work are required with work from home arrangements.

                Even if we were back to full time 5 contact days every week, our daily commute round trip including daycare, work, daycare, then home is 60km all up. So we get three of those in, then plug in the car when we get home. The car's internal scheduling tells it to start at midnight and stop at 4am (though it's usually full before), that costs under $2 because you can never charge the full 28kwh unless you run it dead flat which I wouldn't recommend… Then repeat.

                At most charging costs $4 a week. But more for the very occasional public charge on a weekend out of convenience or wanting to test a new charger. We're weird like that. But I'd rather have some experience with some of the unexpected issues that may be encountered using public charging infrastructure before evs become more mainstream. Charging in public for our Ioniq usually takes at most 25 mins at a DC Fast charger which are capable of more power output than our car can even take in. We're limited by 70kw dc fast charging. Some new cars coming out are 250kw or higher, but you need to seek out ultra rapid chargers for those kinds of outputs.

                Anyway, powershop… Is the answer to your actual question 😂

                • +1

                  @JownehFixIT: Thanks for the reply - I don’t own an EV - the rates you have for those hours are amazing

            • +1

              @JownehFixIT: The 7kw home charger, is that the one selling for $1400?

              https://www.rpc.com.au/shop/zappi-v2-electric-charger-7kw-si…

              • @shutuptakemymoney101: Yes that's it! Our Zappi V1 was not that pricey. At the time of purchase 3 years ago, ours was priced comparably to normal dumb chargers with no bells or whistles. I guess MyEnergi finally raised their prices.

                For those who don't need the fancy solar features (that we barely use anyway, as cool as they are), other 7kW chargers can be had for as low as $899 plus installation: https://www.evolutionaustralia.com.au/product-page/electric-…

                But the Type 2 (more common in Aus and Europe) variant is currently out of stock here. There are many places to buy these kinds of things from though. There are even a few eBay cheapies for just under $700 but I can't personally vouch for these.

                $697: https://www.ebay.com.au/itm/175178174132?chn=ps&_ul=AU&norov…

                $698: https://www.ebay.com.au/itm/384733280723?chn=ps&_ul=AU&norov…

                You could theoretically get any local sparky to install, but I went with the guys EVolutionAustralia recommended who are Tesla Edison based in Ormeau QLD: https://goo.gl/maps/Eiz9zRHprhHvh4sq9

                Our installation cost was $819.50 including GST though. And the Zappi V1 at the time was $1,076.90 inc GST. Not exactly spare change, but under $2000 AUD at the time, shipped from the UK for no additional (or, you know, factored into the pricing on their end).

          • +2

            @elgrande: Anyway, how long to most people plug in a smartphone to charge? It's often overnight. Same principle. The average daily commute in Australia is way under 50km. Most drivers' requirements covered by a nightly slow charge. Except for the sometimes loud minority complaining they need to charge 500km every night in case they need to drive Brisbane to Sydney the next day or something (exaggerating!) in which case you've got the Queensland Electric Super Highway to get you there anyway. https://www.qld.gov.au/transport/projects/electricvehicles/s…

    • +10

      The only thing that is going to speed up the adoption of EVs is cheaper EVs. Even with higher petrol prices, for many people it's hard to justify the higher price of an EV over a regular petrol car.

      • We can make cheaper EVs in a number of ways using a tax structure to account for the negative externalities of pollution by transport and industry coupled with tax relief to lower income households to compensate to help level the playing field.

        A government kick-start and requirement for charging infrastructure for all household and apartments is also a good idea.

        • +3

          Or, you know, holding the top tax dodgers even remotely to account https://www.michaelwest.com.au/revealed-australias-top-40-ta…

          If these scum bags (energy companies prominent amongst them) paid their fair share, that tax money could actually be redistributed to help with charging infrastructure for all those salivating for it, even though most people charge at home over 90% of the time (myself included).

      • +1

        BYD dolphin is coming and it maybe around 35k - 40k mark. which is waaay cheaper compared to Tesla, EV6 or other brands.

    • Yeah everyone's going to go out and spend 40K+ on a new EV.

    • Too expensive ya willyhead.

  • -3

    📈 prices also mean fewer 🚘 on the roads.

    • +2

      by that logic, we should get a couple more pandemic, so everyone stays the heck at home. as it shows, humans pollute all the environments they go.

      • +2

        I don't mind.

        It gives me time buidl.

        • +6

          Don't know why you're negged, you're right, higher fuel prices means people will take less unnecessary trips. Pandemic meant aviation was heavily reduced which contribute at least 5% of CO2 emission excluding the other chemicals it released directly in the atmosphere. As someone else mentioned, people might consider going EV when buying a new car or something with a smaller footprint.

      • Hope so. Thin the herd. Natural selection is key

    • +2

      Also means everything you buy is going to be much more expensive.

      • -4

        Buy fewer things.

        Buy necessities instead of wasting money wants.

        • And that’s how, my mate, recession starts..

          • -1

            @ashtdp: Slow down spending, slow down prices.

            Is putting the brakes down a bad thing?

            • @rektrading: Hasn't Japan not had inflation for like a decade? People don't just expect things to increase in price every year and when they do, companies actually issue an apology.

    • +1

      Only the rich aren't as impacted as the plebs.

  • +10

    It's already going down in my area from $2.20 to $2.05

  • +7

    What was the old price?

    I remember owning a V8 when petrol was $0.50/L and thinking that was expensive

    • +12

      $1.60-$1.80 for RON98 is what i consider the old price. This price range still makes sense for me.
      The jump from $1.60 to $2.39 was 79 cents ~ which is around 49%. This is shocking whilst my salary didnt even go up at all in the past 1.5 years.
      My concern as well is that fuel price affecting a lot of other products price so it will give the domino effect.

      • +4

        Really sucks about that wage stagnation 😔 pretty sure we've got SlowMo to thank for that, and copious other awful downsides: https://chaser.com.au/national/an-exhaustive-list-of-the-lib…

        And you'll notice now they're promising wage rises! Why was that not a goal of theirs across their 10 years in government? Got to save the best ideas for election time so you'll re-elect them and they can just break the promise anyway.

        • +2

          Here I was thinking they'd done nothing the last 8 years

          • @corksta: I know right? Nah they're really good at doing dodgy shit/giving money to their mates like the millions in job keeper that Gerry Harvey and many others kept despite losing absolutely no money throughout covid.

            Or giving $82 million of taxpayer money to NKW Group in PNG for food and housing at the Manus Island detention centre. It would have been cheaper to put the asylum seekers into 5 star hotels…

            https://youtu.be/aIGKCkS01EA

        • They're not 'promising' wage rises - they're projecting wage growth. As they have in every budget. It's what covers their deficits (on paper).

          • +1

            @jrowls: Yes they are projecting indeed! From wage projections released by the Morrison Government last week, wages are expected to inch upwards by only 3 per cent for the 2022-23 financial year.

            But according to the Reserve Bank, inflation is now projected to hit 4.5 per cent by the middle of this year.

            Even if the Budget’s optimistic wage growth estimates hold true, the average worker will go backwards by $600 in the first of half of this financial year.

    • $1.3 I'd consider to be pre covid normal IMO for U91, during covid we had seen go down as 76 cents, maxiumum seen was a weeks or so ago around $2.219.

    • I currently own a V8 and can confirm its still expensive.

  • +6

    Traffic is still pretty bad on my commute. I don't think anyone is driving less.

  • +1

    Fuel is expected to be back to normal in six months.

    • Not if that DH does his threat and hit some supply convoy lines in Poland and NATO get involved .
      But he might wakeup and get out .
      Point is the market can go all directions .

      • +5

        Are we talking about the DH on one side or the DH on the other side? It takes two to tango. People really need to update their obsolete good vs evil outlook on the world. Come on guys Team America: World Police is 20 years old and we still haven't learned anything

        • Yes it is certainly a more complex engagement than black and white, good versus evil. But I still think there's a clear winner 🥇 for Master DH in this particular case.

        • +1

          Anyone who prefers the alternative to America is foolish.

          At least we share some values

    • +1

      It will likely take more than a few months. If you consider $1.50/L to be approx normal, you'll have to wait until mid 2024 as per crude oil futures

  • +1

    Something something own nothing something something you'll be happy. It's all going according to plan, it's just not your plan.

  • +2

    damn teenagers
    back in my day unleaded was 30.9 cents

    those were the days. no need for seat belts, 5 of my cuz sitting in the back seat with me, sitting in the boot of a hatchback….. crazy…

    • damn teenagers

      i remember leaded petrol…. and unleaded is like the E10 of 2005

    • I remember being on a trip to Tassie and cursing how fuel was so expensive- at 30 odd c hahahah

    • +1

      Bring back leaded fuel!

      • And DDT, Asbestos and CFCs! Damn public health, I want fireproof materials to actually be fireproof, no more mosquitoes and hurricane-proof hair spray!

  • +2

    It will go down in the lead up to the Federal election to trick the drivers into not caring. Then the price will go back up afterwards. It is so effective, it's funny seeing talk of fuel disappear quickly.

    • +1

      Yeh it's interesting how it keeps happening that way.

  • +5

    I hope it goes higher that way sniffing petrol fumes is a tad more boujee

  • It will go down as electric vehicles pick up more market share over the next few decades, but unless we see another pandemic (or an OPEC member goes rogue) I highly doubt we we see prices go down to the levels we sae last year.

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