Ok, just before you all start trading in your 8's and queueing up for Prius's, here's a little perspective on petrol prices courtesy of an analyst at AMP. It might just make you feel better. Try not to think about it too hard.

Anyway, if petrol prices had risen by the same rate as the price of milk has risen since 1980, we'd be paying $2.70/litre;

If petrol had risen as much as the price of a Commodore , we'd be paying $3.17/litre

If petrol prices had risen as much as Average Weekly Earnings, the price would be $3.40/litre

If petrol prices had risen as much as the All Ordinaries Share Price Index since 1980, we'd be paying $5.63l/itre.....and

If petrol prices had risen as much as Average House Prices since 1980, we'd be paying $6.00/litre.


There ....doesn't that make you feel better :o


Expect this to be popping up from oil companies with monotonous regularity from now on

 

great!
will print it out and stick it in the glovebox, read it everytime when i have to fill up :D

 

oh well i think it's quite simple. if you want to drive a 5.7L v8 worried about petrol prices? well TUFF! dont complain, u should have bought a more fuel economical car.....

 

But i only use 1 ltr of milk a week..!

:D

 

There is a oil fuel building in the bass straight in the next 2-3 years. So the oil price is at least as cheap as Qld if not the cheapest in Australia.

 

I don't understand. Say again, please.

 

Isn't there is a project signed by the VIC government with an private company to explore oil near the Victorian coast? They said (in ABC radio) that it will supply 3/4 of total Victorian fuel comsumption. So the transport cost will reduce and hence it may work out a few cents cheaper!

 

Hey Timbo, does your AMP analyst mate also regularly hit himself on the head with a hammer because it feels so good when he stops? :D

 

Sorry to disappoint you, taka but it has been long standing government policy to price crude oil at world prices, so it doesn't matter where the well-head is, the price to the consumer is the same. I think the differences between the states relate toparticular state taxes

I'm sure that's the case