MolaKule
Staff member
More Gasoline Pricing
- Thread starter MolaKule
- Start date
- Status
Thanks MolaKule.
i could summarise that article into a 4 word sentence.
"OPEC is shafting us."
"OPEC is shafting us."
That is because we like being shafted.
Well...after all it is their oil. If I were to blame anyone it would more likely be the top gov't officials of one's perspective country not cutting the appropriate deal with these folks.
Coming from Oz, where a full 50% is Taxes (erm, sorry, 40% is excises, and 10% is taxes (4% of which is a tax on an excise)), the retail companies are screwing us.
When our dollar was 45cUS, Oil was $37US per BBL and petrol hit $1.00 per litre, it was all explained, by the Government that 1cUS drop in our dollar, OR $1US per BBL increase would cost us 1cOz per litre at the bowser.
Now, we are at $75cUS, and Oil is (say) $50 per BBL.
Our petrol prices should be $1.00 - $0.25 + $0.13, or 88cOz per litre.
"Competition", and the increase of cheaper outlets (owned by the majors) have managed to bring our petrol down to 97c.
When our dollar was 45cUS, Oil was $37US per BBL and petrol hit $1.00 per litre, it was all explained, by the Government that 1cUS drop in our dollar, OR $1US per BBL increase would cost us 1cOz per litre at the bowser.
Now, we are at $75cUS, and Oil is (say) $50 per BBL.
Our petrol prices should be $1.00 - $0.25 + $0.13, or 88cOz per litre.
"Competition", and the increase of cheaper outlets (owned by the majors) have managed to bring our petrol down to 97c.
If OPEC is shafting us them all of then car companies are shafting us too because car prices have doubled in the last twenty years and gas prices haven't. If gasoline would have kept up with inflation it would be selling for over $3.00 per gallon.
- Status
Similar threads
