Petrol prices....the GOOD news!
09-04-2005, 02:03 AM
#1
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Petrol prices....the GOOD news!
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
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
09-04-2005, 06:21 PM
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Originally Posted by takahashi
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.
09-04-2005, 06:34 PM
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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!
09-04-2005, 07:09 PM
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Originally Posted by takahashi
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!
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
Originally Posted by Revolver
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
:D
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