fuel prices

Don't know what it's like down metro but the prices up here in hedland are a bit of a joke.

ULP $233.9

Diesel $256.9

How can the prices jump so much

 When we got the ranger diesel was under $2 per litre. Someone is killing the pig

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RUSS and SANDY. A family that fishes together stays together


uncle's picture

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Date Joined: 10/02/07

Yeah this new mob said there will be no gouging

Wed, 2022-11-02 09:23

 Wtf, going to be an expensive Cray season.

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all aggressive fish love bigjohnsjigs

Brock O's picture

Posts: 3181

Date Joined: 11/01/08

Diesel $2.30 + ridiculous and

Wed, 2022-11-02 09:28

Diesel $2.30 + ridiculous and cant see it changing until well into the new year at least.

Lets not mention interest rates...crippling me atm especially the investment. If anyone is considering a new unit as an investment...DONT!

sea-kem's picture

Posts: 14895

Date Joined: 30/11/09

 Same here mate, I have an

Wed, 2022-11-02 09:40

 Same here mate, I have an investment loan and repayments have shot through the roof. 

Only saving grace it's a tax deduction, but ya still have to front the cash. Thankfully business is booming for me. 

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Love the West!

Brock O's picture

Posts: 3181

Date Joined: 11/01/08

We approved a Rent increase

Wed, 2022-11-02 11:45

We approved a Rent increase last renewal, but doesn't come close to the $600 a month the repayment's have jump over the last few increases.

Have just applied to refinance with a small lender...ANZ can go suk a big fat one.

tot's picture

Posts: 1153

Date Joined: 31/01/10

Police and nurses

Wed, 2022-11-02 12:14

Seem to be the go atm  

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Reverse cycle a/c supply and install - Ducted and wall splits

still trying's picture

Posts: 1025

Date Joined: 27/06/17

 I know afew people who have

Wed, 2022-11-02 13:05

 I know afew people who have moved to them

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 rather be fishing

still trying's picture

Posts: 1025

Date Joined: 27/06/17

 Hope BK doesn't get hold of

Wed, 2022-11-02 10:13

 Hope BK doesn't get hold of this, we will hear all about the conspiracy theories. 

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 rather be fishing

Da pirate's picture

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Date Joined: 03/05/15

Please..

Wed, 2022-11-02 10:49

Please don't give a invitation guy.

cheers pirate  

BlueKiaser's picture

Posts: 422

Date Joined: 22/04/15

Ask Biden

Wed, 2022-11-02 13:11

Biden may have some answers as to why the increased fuel prices ... that is if he isn't busy claiming to have spoken to inventors of insulin who died before his birth or if he isn't busy thanking dead congress women in the crowd or ...
youtu.be/7vvong9ZN10

The world's largest producers of Oil are the US, Saudi Arabia & Russia (in that order).
The Biden Administration cancelled the keystone pipeline as soon as getting into office (& other restrictions to oil production).
The US imports over a third of it's oil consumption per year.
Relationships between the US and Russia further put pressure on Oil prices (by design).
With oil prices trending up, hitting thier highest in over 10 years in June '22, the Biden administration, with the mid-term elections (early Nov '22), about 4 months away needed to relax that trend. So Biden has now sold off close to 200 million barrels of oil from the US Strategic Reserves (which is now at it's lowest level since 1985).
Biden was also caught asking Saudi Arabia to not cut back production until after the mid-term elections.

And for now, I don't need an invitation to a public forum ... even if the propagandised mob would prefer I be censored or cancelled.

Posts: 733

Date Joined: 22/08/12

Probably gonna be a dumb question by me but

Wed, 2022-11-02 13:13

 why is diesel so much more than unleaded?

BlueKiaser's picture

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Date Joined: 22/04/15

AIP weekly reports

Wed, 2022-11-02 13:24

The Australian Institute of Petroleum produces weekly reports that will give you better information than I can attempt to summarise.
(Other than saying our wholesale prices are generally determined from Singapore who charge us more for Diesel than unleaded).

www.aip.com.au/sites/default/files/download-files/2022-10/Weekly%20Diesel%20Prices%20Report%20-%2030%20October%202022.pdf

Posts: 733

Date Joined: 22/08/12

Ouch - Northern territory $2.66 / litre weekly

Wed, 2022-11-02 13:41

 average shown in that report. Thanks for that info 

BlueKiaser's picture

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Date Joined: 22/04/15

Product costs and fuel taxes

Wed, 2022-11-02 13:56

Cheers.
There are some good infographics in the report ... like the one that shows the product cost of Diesel is well under half the fuel pump price and another one that lists other countries and their amounts of tax ... wholly cr@p. I thought Australia would be one of the worst, but some of those European countries are out of control ... Sweden at the top.

Posts: 733

Date Joined: 22/08/12

Apart from Israel (of course), the top 6 countries on the

Wed, 2022-11-02 14:12

 "highest diesel tax" list are in the top 10 "happiest countries" on earth. I guess the majority of them dont drive diesels!

Posts: 267

Date Joined: 04/08/22

 Yes big taxes in Scandinavia

Wed, 2022-11-02 17:04

 Yes big taxes in Scandinavia !! Went there in 2005 and a standard glass of scotch&coke equivalent to 14 bucks aus dosh. I think the fuel tax in Sweden is a deterrent because everyone rides bikes,there pretty green.As for fuel prices here I work for a family owned & operated logging company and say the increase from $1.50 liter - $2.36 liter is slapping them an extra $247000 a month just in diesel.  fuckn crazy

Posts: 1084

Date Joined: 21/05/12

 so diesel goes up -

Wed, 2022-11-02 17:15

 so diesel goes up - everything  goes up, groceries eetc.

BK keep on spruiking shit m8, fuel price cant have anyhting to do with your "bestie"  putin starting a fkn war can it 

now u gonna tell me biden started the war in ukraine 

 

sea-kem's picture

Posts: 14895

Date Joined: 30/11/09

 A friend of ours owns a

Wed, 2022-11-02 18:40

 A friend of ours owns a couple of cafe's and she's had to introduce an egg levy as the price of transport has gone off.

She was apologetic last time we were there but said "we get it" Rather see her stay in business and pay a bit extra. Crazy times 

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Love the West!

Faulkner Family's picture

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Date Joined: 11/03/08

Costs will rise on everything

Wed, 2022-11-02 18:44

Costs will rise on everything to do with transport. I have some customers here in hedland saying prices have gone up already on freight.

Can't be avoided unfortunately

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RUSS and SANDY. A family that fishes together stays together

Moondog's picture

Posts: 131

Date Joined: 25/06/18

Petrol is a consumer fuel

Sun, 2022-11-06 04:35

Petrol is a commuter fuel doing run around things like drive to work, buy groceries and drop the kids at school. 

Diesel is a freight fuel and those people that no longer drive to work, buy groceries and shop online are a big factor. Everything is trucked or courier vanned everywhere these days. 
 

Supply and demand

Posts: 267

Date Joined: 04/08/22

Haha most goods have always

Sat, 2022-11-05 21:55

Haha most goods have always been trucked around and you only notice when prices rise for frieght because it's costing nearly 2 bucks a km just in fuel to run the truck.

Posts: 267

Date Joined: 04/08/22

Haha most goods have always

Sat, 2022-11-05 21:55

Haha most goods have always been trucked around and you only notice when prices rise for frieght because it's costing nearly 2 bucks a km just in fuel to run the truck.

Moondog's picture

Posts: 131

Date Joined: 25/06/18

 Understand most things get

Sun, 2022-11-06 04:39

 Understand most things get freighted around mate. I'm trying to say that more people are staying home and having things delivered by diesel powered engines. 

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Date Joined: 16/05/09

 First time I have ever seen

Sun, 2022-11-06 05:05

 First time I have ever seen premium unleaded dearer than deisel. Go figure that out.

tot's picture

Posts: 1153

Date Joined: 31/01/10

used to be 10-15c

Sun, 2022-11-06 11:02

cheaper about 25-30 years ago.

I think it went above to pay for the farmers sub. 

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Reverse cycle a/c supply and install - Ducted and wall splits

Jackfrost80's picture

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Date Joined: 07/05/12

Must be all that deisel being

Sun, 2022-11-06 10:37

Must be all that extra deisel (supply & demand) being used to mine lithium and cobalt for those coal powered zero emission electric vehicles.

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Officially off the Pies bandwagon

BlueKiaser's picture

Posts: 422

Date Joined: 22/04/15

Exactly.

Sun, 2022-11-06 11:08

Likewise I was reading a couple of months back about Hydrogen cars which is the next thing being pushed.
The article kept talking about how by 2030 Green Hydrogen would cost between AU$1.50-$2.00kg.
So after a bit of effort, I managed to find that Hydrogen currently costs US$16.80kg because they need fossil fuel/electricity energy to produce it.

No doubt they plan to spend $Billions (subsidised by taxpayers of course) to build green energy farms that can then be used to help produce hydrogen cheaper.

 

BlueKiaser's picture

Posts: 422

Date Joined: 22/04/15

Peak Oil

Sun, 2022-11-06 13:09

I remember in the 2000's they were telling us we had passed Peak Oil (Peak Oil being the point at which we would never be able to find and produce those quantities of fossil fuel oils again).

So I recently found and read a 2008 article in which they were reporting about Hubbert's Peak Oil predictions.
M.King Hubbert was a geologist who in 1956 presented his predictions that Oil production in the US would peak no later than 1970 (when it got to 9.6million barrels of oil per day).
And global Oil production would be early 2000s (which it got to 85 million barrels of oil per day).
That 2008 article was still agreeing with those predictions.

In 2019, pre-Covid-19, the US was producing 13 million barrels of oil per day and globally it was up to about 95 million barrels of oil per day.

If you look at just the proven oil reserves officially reported around the globe, we have plenty of oil for a long, long, time to come (eg. Venezuela has >1,500 years worth at it's current production rate of about 0.5 million barrels of oil per day).
(EDIT: The reported top countries proven oil reserves have actually increased in the last 10 years, not decreased)

It is really just a matter of how much they want to produce to allow them to dictate the prices (eg. Biden requesting Saudi Arabia to hold off cutting production until after the mid-terms).