Why are Australian petrol prices so high ?  

Posted by Big Gav in ,

I noticed an interesting little campaign on Facebook recently, which noted the strangely high level of Australian petrol prices compared to the last spike, given the much stronger Australian dollar and relatively subdued oil price.

Petrol is $1.45 a litre yet the Aussie Dollar is at $1.05 US and Oil Is $99 a barrel, yet last time we paid this much the Aussie dollar was around 70 US cents and oil was $145 a barrel, we should be paying about 90 cents a litre for petrol. we are being ripped off - copy and paste this on your face book page as the oil companies will realise with numbers we are on to them. Wheres the ACCC?

2 comments

Mark Reynolds   says 1:43 PM

Gav, this is a hoary old chestnut. The pricing model that drives local pump prices is freely available information - look on the Caltex website and other places.

I keep my own spreadsheet version that says our pump price should be around $1.32/litre today based on $US1.05/$A exchange rate and MOPS95 unleaded at US$120/barrel. This year's pump price peaked at $1.45/litre in the first week of May when MOPS95 hit US$138/barrel.

In comparison our pump price was $1.55 - $1.60 back in July-Aug 08 when global oil prices were at record highs and the A$ was tumbling due to the financial crisis.

Our pump pricing is based on Singapore refined product prices (MOPS95 unleaded) because most of the petrol we buy is shipped as finished product from Singapore.

We are incredibly lucky to have been shielded from the recent run-up in global oil prices by the parallel run-up in the A$. How much longer will that happy situation last?
Cheers, Mark

Well - the pump price I paid yesterday was $1.42 (for petrol with 10% ethanol) so if the price should be $1.32 then I guess my impression its overpriced compared to last time round is right - though its "only" 10% rather than the 25% I would have guessed.

Could you upload your spreadsheet to Google Docs and make it public ? Would be interesting to have the data to hand :-)

Cheers,
Gav.

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (615) global warming (420) solar power (392) peak oil (352) renewable energy (292) electric vehicles (246) wind power (190) ocean energy (165) csp (158) geothermal energy (144) solar thermal power (144) smart grids (140) tidal power (137) energy storage (136) oil (136) solar pv (136) coal seam gas (131) nuclear power (127) china (117) lng (116) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (91) oil price (80) biofuel (78) wave power (73) smart meters (72) coal (69) uk (69) electricity grid (67) energy efficiency (64) google (58) bicycle (51) internet (51) surveillance (50) big brother (49) shale gas (49) food prices (48) tesla (42) thin film solar (42) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (33) arctic ice (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) exxon (22) limits to growth (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) lithium (21) coal to liquids (20) indonesia (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) collapse (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) lithium ion batteries (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) carbon emissions (14) fertiliser (14) ambient energy (13) biodiesel (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) antarctica (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) methane hydrates (9) pge (9) sweden (9) arrow energy (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) scenario planning (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)