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The Pub For General Automotive Related Talk |
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#1 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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I heard a rumour today that the price of LPG will be going up to about the same as ULP after Xmas. The source was very credible but wishes to remain anonymous.
If this is actually the case then I suspect there will be a lot of unhappy people who have converted their cars. Has anyone else actually heard anything (as opposed to their personal opinion) that can confirm or deny this? |
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#2 | ||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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OK lets say this is true.
What reason would be given seeing as the entire world is slowing down and demand for this resource won't be as high?
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Daniel |
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#3 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Canberra Region
Posts: 8,926
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Well it certainly isnt going down. Here petrol has dropped atleast 50c/L in the last 4 months, LPG hasnt dropped at all. (still 55-60c a litre)
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2016 FGX XR8 Sprint, 6speed manual, Kinetic Blue #170 2004 BA wagon RTV project. 1998 EL XR8, Auto, Hot Chilli Red 1993 ED XR6, 5speed, Polynesian Green. 1 of 329. Retired 1968 XT Falcon 500 wagon, 3 on the tree, 3.6L. Patina project. |
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#4 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Quote:
The LPG push was by the previous government so it is not exactly a back flip if it is infact implemented. But as I stated in the first post, the source seems to be fairly knowlegable. Last edited by flappist; 21-12-2008 at 06:51 PM. |
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#5 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 14,654
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It wasnt the same person who said petrol would be $2.00/L by xmas was it??!!
I saw LPG for $0.41/L today.
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335 S/C GT: The new KING of Australian made performance cars.. ![]() |
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#6 | ||
Hmmmmmmm!!
Join Date: May 2007
Posts: 1,504
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Is it the Fed Gov / State Gov's LPG tax coming into fashion....???
I know a few years ago, there was a Gov ruiling, that a tax (duty) was implied on LPG, but the tax was seen as to make LPG come into square with Petrol, as Petrol had a duty tax and LPG didn't. |
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#7 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Hmmm a 100% increase......
Christmas is just around the corner so we shall know soon enough. |
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#8 | ||
Workshop & Performance
![]() Join Date: Jan 2005
Location: Hewett SA
Posts: 4,123
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Doesnt look there is any change in the position of the Saudi price the stuff is tied to....and even with any excise there isnt going to be a 100% increase in the price.
Its interesting the power of the internet. Even if this post as no basis there are those who will read it and it'll seed doubt.... Of course they're still screwing our transport industry with diesel so nothing is completely out of the question. Might as well add the taxi industry...
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Alpine 7909 30th/Alpine 5959/Audison Bitone.1/DLS Ultimate A6+A7/ Focal KRX2/Morel Ultimo 12/AudioEngine B1 A stereo that happens to have a XR5 wrapped around it |
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#9 | ||
Mad Scientist!
Join Date: Jan 2005
Location: Newcastle
Posts: 2,840
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I thought the fed gov have said that they need to tax LPG but only to a max of 12c. I guess we'll wait and see
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#10 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: South Australia
Posts: 3,173
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Yeah and ULP was going to be $2/L by christmas....
LPG is getting excise added at the rate of 2.5cpl until it hits 12.5cpl though. If anything i'd say that a discontinuation of the $2000 grant would be more likely. Though this is still unlikely since they have just last month doubled the grant for New Vehicles...
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'09 SYII TTG | Mystic '06 BF XR6 | Mercury Silver
Last edited by Perana XR8; 21-12-2008 at 09:26 PM. |
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#11 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Geelong, VIC
Posts: 5,265
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We are still in a long term bull market in resources. Oil production has been reduced by 2.5million barrels.
When US$ goes up oil comes down, but when US$ goes down oil goes up. The US are in debt and are printing millions of dollars on their printing presses to devalue the dollar. The US dollar is going to collapse if they continue to print money. This will also add pressure to oil prices and they will continue their way up again. If the government subsidies something like gas conversions, they are making an investment for the future. The money will have to come back to them somehow and will probably be from a rise in excise. These are my opinions only, but I truely beleive that we'll see higher prices in oil next year or two... |
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#12 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
Is Pauline Hanson running things in the US treasury these days?
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#13 | ||
Regular Member
Join Date: Apr 2006
Posts: 477
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Traditionally LPG prices rise in Australia in summer as it is the Northern Hemisphere winter and hence the Saudi price (used by us for benching export parity) rises due to increased demand.
That said I can't see it being the same price as petrol given it is not as efficient. It it were the same people with dual fuel would use petrol and then supply would exceed demand here and prices would drop. We might see it become less advanatgeous to use gas if petrol stayed low given the greater volume required for equal kms. Whether international recession affects petrol and gas equally I don't know but I suspect it will still be cheaper in Australia to run on gas. Last edited by minheim; 21-12-2008 at 11:14 PM. Reason: typos |
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#14 | |||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Geelong, VIC
Posts: 5,265
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Quote:
Once other countries realise the US cannot pay the money back they'll stop lending to the US. The US will have to keep printing money to bail out the car manufacturers again when they find out the $13 billion wasnt enough. Other companies will ask for a bailout too and they'll keep printing money. This will cause hyperinflation. Not good for oil price as it is priced in US$. I wish them goodluck. |
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#15 | ||
FF.Com.Au Hardcore
Join Date: Aug 2005
Location: Barossa Valley, South Australia
Posts: 3,381
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Excise doesn't come in to affect until 2011. Then it's 2.5c/L, adding 2.5c/L every year until it's 12.5c/L. It's not that.
We've seen LPG prices drop here in Adelaide. I saw it as low as 44c/L today. Hasn't been that low for a while.
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Cheers, Sam. |
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#16 | ||
BF MKII XR6
Join Date: Aug 2008
Location: Melbourne
Posts: 678
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dont understand why LPG would increase when petrol is decreasing, afterall i always thought as long as they make petrol theres always gonna be LPG....and isnt the government still giving rebates for LPG conversion?? Whats the rebate on it?? still 2gs?
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#17 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Quote:
Hopefully it will not be like: No child living in poverty by 1990. It is L A W law. There will NOT be a GST. etc etc etc...... |
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#18 | ||
GT
Join Date: Apr 2005
Location: SYDNEY
Posts: 9,205
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hmmm . i guess it could be a way to print money here in australia , where tax payers who travel a lot for work can put more money in revenue so they can give it to all those unempoyed people with children you see in the shopping malls pigging out in the hot food stalls laughing and celebrating life everyday.
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#19 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: South Australia
Posts: 3,173
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I suggest keeping politics out of this thread if you would like it to stay open...
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'09 SYII TTG | Mystic '06 BF XR6 | Mercury Silver
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#20 | ||
Nikon
Join Date: Jan 2006
Location: Wollongong
Posts: 1,875
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GAS same as Petrol mmmm I will stick with petrol then
cheers |
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#21 | |||
FF.Com.Au Hardcore
Join Date: Sep 2005
Location: Brisbane
Posts: 3,568
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Quote:
no income tax and a 1% transaction tax with no gst... mmm easy to follow and VERY effective |
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#22 | ||
FF.Com.Au Hardcore
Join Date: May 2005
Posts: 3,150
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the price of LPG has been around .80cents a litre for 2 years here in the bay,sonow petrol is down in the mid nineties lpg costs much more in real terms as in all older conversions you lose between 30% - 40% efficency per tank full ,it makes petrol cheaper by a big margin,newer systems are much better especialy if direct injection setups ,but majority of LPG cars are over 5 years old,
So it depends a lot on where you live as to any advantage on gas
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#23 | |||
The Futuriser
Join Date: Jan 2007
Location: Melbourne
Posts: 1,836
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Quote:
I've had my car converted for about a year. For the last few weeks, I've been getting at its cheapest price within that year (38.9 cents). Before that, it was consistently 60 cents a litre give or take 4 cents either way. I keep a log on all the fuel I buy, what the price of petrol is at the same time and how much I save.
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#24 | |||
AWD Assassin
Join Date: Dec 2004
Posts: 8,170
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Quote:
@41 cp/ L at almost every SHELL in the Eastern burbs Only 3 days left to get it to $1.00 +................ ![]() Try this site as well : http://www.racv.com.au/wps/wcm/conne...ces?CACHE=NONE |
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#25 | ||
Flairs - Truckers Delight
Join Date: Aug 2006
Location: Brisbane Northside Likes: Opposite Lock
Posts: 5,731
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I call BS. It won't happen. Any change won't be affected by the government, it'd be from the saudi aramco contract price which doesn't get set until the 1st of each month.
BS.
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Current: Silhouette Black 2007 SY Ford Territory TX RWD 7-seater "Black Banger"
2006-2016: Regency Red 2000 AUII Ford Falcon Forte Automatic Sedan Tickford LPG "Millennium Falcon" |
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#26 | ||
Lurvin' my Ute!!!
Join Date: Jan 2005
Location: Geelong
Posts: 1,358
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I did hear, maybe 12 months ago, that they were going to increase the tax on LPG to bring it in line with ULP...... Money hungry pigs is what the government should call themselves if it goes through....
I wonder how they'll "explain" it to the public?
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#27 | ||||
FF.Com.Au Hardcore
Join Date: Aug 2005
Location: Barossa Valley, South Australia
Posts: 3,381
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Quote:
Quote:
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Cheers, Sam. Last edited by sgt_doofey; 22-12-2008 at 02:50 PM. |
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#28 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Quote:
Also if this did happen there would be alot of installers that would be in big trouble.
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Daniel |
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#29 | ||
they call me Tibbo
Join Date: Dec 2004
Location: Brisbane
Posts: 6,163
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The price might go up but I'll bet $100 clams that the quality won't go up accordingly.
For an experiment last week I ran two of my cabs around Brisbane on ULP. One an injected BF and the other my best BA mixer set-up.. 5300 klms later and they saved $85+ over their LPG buddies... While my test wasn't an exact science, it sure opened my eyes to the price difference @ the bowser. If the price gap between the fuels gets any closer I'll be flicking alot of buttons to ULP ![]()
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#30 | |||
Turbo Falcon Fiend
Join Date: May 2005
Location: Far West NSW
Posts: 3,205
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Quote:
LPG price should be dropping, if it doesnt I need to get my act together an design a more energy effecient car........though it seems like allot of work.
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