Petrol price backflip???

Yellow_Festiva · 30-01-2009, 12:12 AM

Anyone else notice their local servo drop prices today back to pre price hike prices???

I Usually get petrol Wed morning, but was in a rush so I passed the Mobile close to work with regular at 107.9c.

Come 3.30, it was 125.9c.. bugger I thought, I had missed my chance.

I drove home and the local Mobil was still at 107.9.. so I pulled in and filled up.

This morning it was 124.7c... to be expected... but almost a 20c hike??? 9-10c is the norm...

The rest of the pertol stations on the way to work today (Thur) were up around the 122-127c... then driving home this evening they were back down to 107-108c???

The Mobil I filled up at was back to 107.9c.

Any other people notice??

ea90gl · 30-01-2009, 12:19 AM

Not really to be honest, I think petrol prices are the only thing that defies the saying "What goes up must come down"

Iggypoppin' · 30-01-2009, 12:36 AM

yeah we can all speculate but we all can say we don't REALLY know why this happens. It is annoying though

gtfpv · 30-01-2009, 01:11 AM

Quote:

Originally Posted by Yellow_Festiva

Anyone else notice their local servo drop prices today back to pre price hike prices???

I Usually get petrol Wed morning, but was in a rush so I passed the Mobile close to work with regular at 107.9c.

Come 3.30, it was 125.9c.. bugger I thought, I had missed my chance.

I drove home and the local Mobil was still at 107.9.. so I pulled in and filled up.

This morning it was 124.7c... to be expected... but almost a 20c hike??? 9-10c is the norm...

The rest of the pertol stations on the way to work today (Thur) were up around the 122-127c... then driving home this evening they were back down to 107-108c???

The Mobil I filled up at was back to 107.9c.

Any other people notice??

it's a temp thing . controlled by monetary policy , to lull people into a false sense of power , the reason fuel came down 60c litre . since then interest rates have been dropping . petrol will go back up. inflation will rise agian , in the hope that peple will borrow more . wait and see . inflation will shortly sky rocket .

baboon · 31-01-2009, 08:53 AM

Quote:

Originally Posted by gtfpv

it's a temp thing . controlled by monetary policy , to lull people into a false sense of power , the reason fuel came down 60c litre . since then interest rates have been dropping . petrol will go back up. inflation will rise agian , in the hope that peple will borrow more . wait and see . inflation will shortly sky rocket .

If america keep printing money then this is where the inflation starts. Its an inflation of the money supply which will lead to higher prices eventually... A gallon of oil will always be a gallon of oil. More printing of paper money will mean more inflation!

I am buying into Australian oil companies now. These stocks have been battered down and are cheap in my opinion. When oil goes back up these stocks will too. Money I make from these stocks will go towards my fuel payments.

If you cant beat them join them I say...

barbarian · 30-01-2009, 01:51 AM

^^ I doubt it. We're in a recession and the economy is flipping up side down

GS608 · 30-01-2009, 10:29 AM

noticed it too, should be about 97cpl but it was 117cpl at shell for e10
in rip off

_CRUZ_ · 30-01-2009, 01:09 PM

our has been 98c a litlre untill recently just gone to 1.08 a litre, i asked why it went up, the owner said itll go back down soon to 98 p litre, so im hoping it does.

**FTE217** · 30-01-2009, 01:13 PM

Was on the road yesterday for work, saw a couple at 1.05 though early in the morn by the afternoon all around 1.25.

Iggypoppin' · 30-01-2009, 01:29 PM

news reported that theyre balancing because of interest rate drops and the cash injections from Ruddles. as cost of living drops, fuel price rises. i dont understand how that is legal but obviously thats not all there is to it. and its probably just speculation

gtfpv · 30-01-2009, 04:06 PM

this will explain it . extremely interesting movie . http://www.zeitgeistmovie.com/

phillyc · 30-01-2009, 05:05 PM

Well, in Newcastle it was between 109.9 and 112.9cpl on Wednesday and yesterday it went to 127.9 to 131.9cpl by the afternoon. I paid 141.9cpl for OptiMax98 at the local Shell.

So, up by 18cpl in the space of 36hrs... Or 16% inflation in 1.5days which is 4000% inflation annualised... (Yep, i got carried away)

Oh, look at this web link http://www.aip.com.au/pricing/tgp/index.htm and it shows that the terminal gate price went up by, drumroll please 0.19cpl between Wednesday 112.32cpl and Thursday 112.51cpl . Someone is making an extra 18cpl. Bastards...

**TUF_302** · 30-01-2009, 07:21 PM

The sad truth is you have to pay what is charged!, dont get any choice really!

Gaz · 31-01-2009, 03:42 AM

This is where the fuel watch scheme is WA is good. Drive past in the morning at 105c, you know that it WILL be 105c when you go home that night.

Prices must be declared at 2:30pm for the next day, to be changed at 6am. so from 6am-6am you know what the price will be.

GT849 · 31-01-2009, 05:50 AM

If WA can control it in an more civil and methodic manner then, why can this not be so any whare els in Aus. Some one is ripping the moterist off somewhere thats is one thing for sure.