bobbyftm

Down to 1.24 in Cleveland for E10 at Shell with voucher but i only paid 1.27 without voucher at BP in Cleveland so all good

Alfresco

You're lucky.



Good on ya.

Still about $1,47 here, Not so bad filling the bike, but the gas guzzler car really annoys me.

swans

I'll point out reality again so you can refuse to see it


The price of the raw product changes every day,so the price of the refined product would

A)Change frequently

B) Be static

The exchange rate changes every day,this would mean
A) As above

B)As above

A lot of countries still have exactly the same cycle as Australia,because of the above

A)True

B)false


There is still approx 160 litres in a barrel of oil.If oil is A$100 per barrel then raw product cost,62.5 cents per litre

A)true

B)false


In OZ the excise tax on petrol is 38.6 cents per litre.In OZ GST (VAT) is 10%

A)true

B)false

Now putting it all together @130 cents per litre GST is 11.8 cents per litre,excise tax 38.6 per litre,total 50.4 cents per litre.Product cost is 62.5 per litre,a grand total of 112.9 cents per litre.This leaves 17.1 cents per litre to cover all costs and profit margins.In general Caltex operate on 2-3 cents per litre margin,the station owner operates on 4-6 cents per litre margin.

To make it even easier 60 litres @130 cents is $78.

Excise tax is$23.16

GST is $7.08

Product cost is $37.50

Total is $67.74

to pay for everything else is $10.26 .Wages,rent,electricity,insurance,freight,profit margin etc..

You are right though,nobody is ever going to explain it to you,because you will refuse to see reality every day of your life.

Geordie downunder

chris955

chris955

No worries, it seems as though no one is able to explain this "normal" price cycle that is peculiar to Australia, how can the pump price rise and fall seemingly on the same days every week when it doesn't occur in other countries ? It can't be that hard to explain surely ?

cresta57

It doesn't really do that anymore where I live. Oh accept the day or two before a public holiday weekend when the demand increases & they put the price up accordingly. The weekly supercheap Tuesday thing has stopped though.

ozzieeagle

At the end of the day this is the chart that matters, cycle or not.

Now why does "Floating on Oil" Norway have the highest prices ?

bobbyftm

Of course it's easy. I passed a servo yesterday that had increased it's prices exactly 20 cents since the day before and today the price had decreased 5 cents !!Easy peasy

chris955

Wow, that's crazy.

bobbyftm

Pretty self explanatory i thought

swans

I don't keep up with the news when we are o/seas but I missed that one.Was it Australia that became part of Holland to make them an oz company or was it Holland that became part of Australia

Either way a Dutch MNC is the major shareholder,and they could be a front company for somebody else.Corporate structures can be strange things,nothing to do with tax avoidance/minimisation of course.

Why do you make up so many bullshit stories.

You want to spend your $ locally then Caltex is as close as you can get (disclaimer, author,me,a shareholder in Caltex,so no conflict of interest)

While CTX is traded on the ASX it is majority owned by Chevron USA,from memory 52%.The annual report will tell you,available online and Chevron is under major share holders,not top 20 s/holders.Floated out of joint ownership by pioneer concrete (48% ownership) around 1997 ish at approx $4 a share,well over subscribed.I waited for the stags to sell and got in around $3.50.Working on the basis of the stupidity of yourself and the masses bleating that oil companies make a fortune and rip them off.Got to be money to be made there.

Watched it go down to around 80 cents a share and thought what a dickhead I was,the crowd might have that one right.Took a while for the madness to kick in, it went up to around $30,the crowd have to buy it because everybody else is buying it.

Watched it go down to around $10 during the GFC but I really don't know,I was watching and buying bank stocks at the time after their 60% crash.I didn,t get any at bottom.

CTX is around record highs now at $32 ish.A prick of a dividend payer as it never makes much,so it doesn't really fit in with my retirement needs,reasonably predictable dividend payments.

The crowd are buying,time to revert to the original strategy and sell them I think.

Keep up the bullshit stories.

Geordie downunder

swans

AVOID DUTCH DISEASE,as it says tax.Norway has good social security,and reputedly the happiest people in the world.

The largest sovereign wealth fund in the world at around $1 trillion now.They are preparing for when the oil runs out,instead of pissing it up against the wall.

The assets they buy will obviously produce an income,say 4%.4% of a trillion is a fair whack of money for a small population.When asset prices double 4% of of 2 trillion plus whatever else goes in will be a fair whack of money,and so on.

Depending on exchange rates I'm about $2.99 behind them and gaining (I wish)

As they say failing to plan is planning to fail.

Geordie downunder

moneypenny20

Paid $138.4 for E10 at a Puma today having passed a Shell less than a minute before charging $149.9.

bobbyftm

We have a bp,caltex and shell on same street with 1 km of each other.Tues i filled up at bp for 1.27 ,others were 1.29 and 1.24 with discount. Wed bp had risen 20 cents to 1.47 and staged same on thurs whilst other 2 prices never budged a cent but come fri bp had returned to 1.27. Quite logic really !

Alfresco

Yes, I notice that everywhere. Caltex and BP are the worst culprits.