Petrol prices rising again: data

http://news.smh.com.au/breaking-news-national/petrol-prices-rising-again-data-20090330-9gx8.html

Australian petrol prices have risen from a six-week low, as the OPEC oil cartel
considers cutting production.

National average unleaded prices climbed to $1.16 a litre in the final week of
March, fresh data from the Australian Institute of Petroleum shows.

A week earlier, fuel prices had fallen to a six-week low of $1.15 a litre,
according to the revised numbers.

A minister from Venezuela, a founding member of the Organisation of the
Petroleum Exporting Countries (OPEC), said last week the cartel could agree to
cut oil production at the next meeting in May to take advantage of a possible
rise in crude oil prices.

West Texas crude oil prices dropped to $US52 a barrel on Friday night.

Venezuelan Energy Minister Rafael Ramirez indicated he would prefer prices of
unrefined oil to climb back to $US70 a barrel.

Commonwealth Securities chief economist Craig James said $1-a-litre bargains at
service stations were likely to become rarer as a recovery in global share
markets pushed up crude oil prices.

"Regional oil prices are rising in line with improved optimism across global
financial markets," he said in a research note.

But Mr James said the margin between wholesale and retail pump prices had fallen
back to five cents, in line with longer-term averages.

"The good news for motorists is that oil companies have pared margins back to
more normal levels," Mr James said.

This meant petrol in capital cities would still be available at $1.05 a litre in
capital cities on discount days.

--

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"This is the recession we had to have!"
- Paul Keating explaining why he gave Australia another Labour recession.

"Silly old bugger!"
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appointee for Governor General John Kerr.

 

What is the variation in Premium Unleaded, any form, pricing these days
? I don't see much of a change at all compared to the drop in Unleaded.
Admittedly, I only fill up once every two or three weeks, but I've often
wondered about the percentage of vehicles that use Premium Unleaded
versus Unleaded.

All I seem to hear about is the Unleaded price which does fluctuate, but
the gap between Unleaded and Premium Unleaded is an increasing chasm
that is hard to explain I'd say, especially since the usage of Premium
Unleaded would be on the increase with turnover of vehicles. Is this
where the Petro boys are getting their junkets ? We're screwed again.

Diesel fuel pricing is another story that requires some explanation !

Bill

 

According to my daughter who works at a servo, prices go down or up by the
same amount for all types of petrol

What I have found is that premium is roughly 10 cents dearer than standard
although last weekend, I did pay $1.39 for premium
but, you still have to fill up no matter what price the petrol is,

another inconsistency I have noticed is with the pricing of E10, the local
Indian run servo when they first rook over was to sell E10 for 4 cents
cheaper than standard unleaded, but now, the difference is only 3 cents a
litre.

but, as you say, diesel is another story

 

Yeah, but notice how the price always ends in .9cpl... so if you add
all those extra .1cpl savings up, you buy 10 litres and you break even
on your 1c and buy 11 or more litres (I mean, besides people who
commute on scooter riders and ride-on lawnmowers, who doesn't) and
you're ahead. Do the maths. It don't lie.

Nev..