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  1. #1
    rrich Guest

    Default You probably don't want to hear this

    Yesterday I purchased unleaded gasoline for $2.35 a gallon. I think that works out to almost $0.63 a liter.

    Typically the North Eastern part of the US uses oil for heat. The fuel oil is close enough to be used as diesel. During this time of the year the pump price of diesel usually rises. Right now I've seen diesel priced about $1.20 more than unleaded.

    The US and Canada have been doing a lot of "fracking" lately for both natural gas and oil. Also oil shale / sands have been contributing to the North American oil supply.

  2. #2
    Join Date
    Nov 2007
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    Dundowran Beach
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    Exclamation

    Spot on Rich! We don't want to hear that!!!

    I still shake my head when I hear or read of oil being used for heating!!! At least wood is renewable.

  3. #3
    Join Date
    Oct 2003
    Location
    Sydney,Australia
    Posts
    42

    Default

    Just shows the same Corporate mentality - when you have the customers backed into a corner, jack the prices up. Doesn't matter if they freeze to death, there will always be new customers. The people who can't afford oil fuel are unlikely to be living in a home with a functioning wood fireplace, although the US and Canada do seem to have more ready access to fire-wood grade wood. Here it seems to be all pine or plastic.

  4. #4
    rrich Guest

    Default

    Quote Originally Posted by bsrlee View Post
    Here it seems to be all pine or plastic.
    Oh. Pine has to be ugly in the chimney.

  5. #5
    Join Date
    Oct 2003
    Location
    Sydney,Australia
    Posts
    42

    Default

    Yep, plastic and burning wood = Dioxin. So if you see the local vermin with two heads you will know what has been going on

  6. #6
    Join Date
    Nov 2004
    Location
    Millmerran,QLD
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    74
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    1,761

    Default

    The double act of "supply" and "demand" are two gentlemen with no compassion: Only a bottom line .

    Regards
    Paul
    Bushmiller;

    "Power tends to corrupt. Absolute power corrupts, absolutely!"

  7. #7
    Join Date
    May 2012
    Location
    Canberra
    Posts
    122

    Default

    The long term futures action is pointing towards a very low bottom for oil. You can see the regular futures trading here: http://finviz.com/futures.ashx

    Usd$52 a barrel! Quite a few robots (The Algos) are pushing 48.... And 25!

    I just paid $1.67 a litre to fill the beast. The lucky country! Always paying The Australia Tax.

    Pessimist or Optimist? How will this help employment and the economy? Only the gods know. War? Russia? Saudi and our Chinese mates getting busy in the South China Sea of course....it's gonna create some "tension"!

    Interesting times.... But we're still paying $1.67!

  8. #8
    Join Date
    Jun 2003
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    ...
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    1,460

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    Quote Originally Posted by Evanism View Post

    Interesting times.... But we're still paying $1.67!
    Saw it today at $ 1.147 a litre at a local independent, no discount store vouchers needed.


    Peter.

  9. #9
    Join Date
    Nov 2001
    Location
    Parkside - South Australia
    Age
    46
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    479

    Default

    Quote Originally Posted by Sturdee View Post
    Saw it today at $ 1.147 a litre at a local independent, no discount store vouchers needed.


    Peter.
    Luckily I don't need to by petrol anywhere as much these days as I used to .... So I don't really keep too much of an eye on it but I did think I was lucky before Christmas to get it for $1.14 before discount vouchers ...... Now in the middle of the holiday break it is under $1.10 here before discounts ..... I always find a way to get screwed
    Now proudly sponsored by Binford Tools. Be sure to check out the Binford 6100 - available now at any good tool retailer.

  10. #10
    Join Date
    Aug 2005
    Location
    Queensland
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    613

    Default

    Quote Originally Posted by Sir Stinkalot View Post
    Luckily I don't need to by petrol anywhere as much these days as I used to .... So I don't really keep too much of an eye on it but I did think I was lucky before Christmas to get it for $1.14 before discount vouchers ...... Now in the middle of the holiday break it is under $1.10 here before discounts ..... I always find a way to get screwed
    Enjoy it while you can, unfortunately, if it goes on too long, our Treasurer will intervene as the government is losing revenue.

    We wouldn't want those poor people who don't drive very far to get the idea they might just go on a driving holiday like they used to do, now would we.......
    Regards,
    Bob

    Absence of evidence is not evidence of absence.

  11. #11
    Join Date
    May 2012
    Location
    Canberra
    Posts
    122

    Default

    With 40 cents a litre in taxes and $15 billion on the line, I can guarantee any government will go after other sources... that $1 Trillion in super is looking mighty tasty.

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