Petrol... How much???????
#46
Forum Regular
Joined: Oct 2009
Location: Melbourne, Australia
Posts: 253
Re: Petrol... How much???????
I would love the ACCC to come down hard on them, but I don't see it happening - although it may not be illegal, it surely does distort the market for petrol and without intervention by the ACCC, Australian consumers will eventually reap what they sow -> less choice when they come to fill up their cars
#48
Re: Petrol... How much???????
The side effect of this, if the whacky sized discounts on the petrol dockets continue, is that many independent petrol retailers will be forced out of business - they are already on slim margins for petrol - since Coles and Woolies are effectively cross-subsidising their petrol sales from their grocery profits.
I would love the ACCC to come down hard on them, but I don't see it happening - although it may not be illegal, it surely does distort the market for petrol and without intervention by the ACCC, Australian consumers will eventually reap what they sow -> less choice when they come to fill up their cars
I would love the ACCC to come down hard on them, but I don't see it happening - although it may not be illegal, it surely does distort the market for petrol and without intervention by the ACCC, Australian consumers will eventually reap what they sow -> less choice when they come to fill up their cars
In the end Coles and Woolies get a bigger market share, make more money on petrol prices, drive out independent supermarkets and petrol companies
while the consumer ends up paying more and at that point coles and woollies wont have to work hard to gain market share cos they will be THE market.
barstewards
#49
Re: Petrol... How much???????
If the high petrol prices were due to the Coles / Woolies docket war then surely only their prices would be high, and the independent stations would be selling much lower?
Or is that too simplistic
Or is that too simplistic
#50
Re: Petrol... How much???????
I think we can safely assume that if there were no 4c dockets...petrol would be at least 4c cheaper than it is.
#51
Re: Petrol... How much???????
That's probably true since even the smaller stations round here have linked with foodlands, or similar.
#52
Re: Petrol... How much???????
I'm sure you'll all be surprised to learn that I take my docket discount as Qantas FF points instead of cash!
#53
Re: Petrol... How much???????
its one big shitfest and the ACCC sleep on
#54
Re: Petrol... How much???????
Most of my $30 saving is on fruit and veg at a greengrocer rather than Aldi, so don't despair if you don't have Aldi.
#55
Forum Regular
Joined: Jan 2010
Posts: 188
Re: Petrol... How much???????
Fortunately I'm in the position of retirement with village shopping centre four minutes walk round the block and a bus that goes into Town four times a day for $2.50 - car does maybe 80 k a week.
When I was working and commuting from Bribie Island to Brisbane it was more like 500k a week, mostly the trip to and from the train station at Bald Hills so add train fares on top of that.
I've seen it all before, when I lived in Cardiff in the early 1970s car ownership was virtually universal by then and tens of thousands of people had moved out into the Vale of Glamorgan into new estates such as Llantrisant where you could pick up a new semi for 5k whilst inner city Victorian terraced houses in places like Roath or Cathays were really cheap, about 3k for the smaller flat front ones or 4k for the double bay window design. Then the "oil shock" hit in 73/74 and almost overnight you couldn't give away the semis but the terraces ended up around 8k in just a couple of years. I remember well as we were attempting to sell at Llandaff (City Suburb) near the rail station and move into walking distance from work. Our semi that we'd bought for 5.4 briefly hit 9K but the terraces we wanted also shot up so we just stayed put and rode it out. We were in a good position but a number of people in the far outer suburbs actually lost their homes as they were stuck there.
I wonder if this will happen this time around, if petrol hits $2 and eveyone is trying to crowd in nearer the CBD.
edit: point being that nearly all Aussies now live in outer outer "dormitory suburbs" so the effect might be even more severe nowadays.
When I was working and commuting from Bribie Island to Brisbane it was more like 500k a week, mostly the trip to and from the train station at Bald Hills so add train fares on top of that.
I've seen it all before, when I lived in Cardiff in the early 1970s car ownership was virtually universal by then and tens of thousands of people had moved out into the Vale of Glamorgan into new estates such as Llantrisant where you could pick up a new semi for 5k whilst inner city Victorian terraced houses in places like Roath or Cathays were really cheap, about 3k for the smaller flat front ones or 4k for the double bay window design. Then the "oil shock" hit in 73/74 and almost overnight you couldn't give away the semis but the terraces ended up around 8k in just a couple of years. I remember well as we were attempting to sell at Llandaff (City Suburb) near the rail station and move into walking distance from work. Our semi that we'd bought for 5.4 briefly hit 9K but the terraces we wanted also shot up so we just stayed put and rode it out. We were in a good position but a number of people in the far outer suburbs actually lost their homes as they were stuck there.
I wonder if this will happen this time around, if petrol hits $2 and eveyone is trying to crowd in nearer the CBD.
edit: point being that nearly all Aussies now live in outer outer "dormitory suburbs" so the effect might be even more severe nowadays.
If my memory serves the last keel was laid in 74 and no one was buying any tankers,Tyne Pride.She sat on the river for maybe 18 months before being sold for a song.Harland and Wolff had two big 300,000 tonners sitting in the dry dock,one complete and the second one almost complete.Painting inspectors saying there's a small scar in the hull under that inch of paint,patch/repair it.Any excuse to avoid handover..
Japanese were clever,filled their ships that no one wanted with oil,sold the oil at a later date for a profit and then after the price of scrap stabilised sold the tankers for scrap,I think they made a profit.The 2 massive tankers Globtik London and Globtik tokyo @ 500,000 tons disappeared,can't even find them on google,wonder if they ever sailed?.The Seawise Giant at around 600,000 tons sailed once I think and was just not practible.Happy days
Oil is fairly easy,around 160 litres in a barrel,not sure if that is sweet or still has the crap in that comes up with it,probably sweet.The seller gets around 4-6 cents a litre,caltex gets around 2-2.5 cents a litre,govt gets around 50 cents up depending on the price.They sell a lot though,and it is still almost the cheapest liquid you can buy.Caltex sell roughly 20 billion litres in a year,including kero for air travel.
Govt gets around $14-15 billion a year in excise and gst,Caltex make around $500 million in a good year.Bloody oil companies making a fortune
geordie downunder
#57
Re: Petrol... How much???????
Swans, yup everybody in our street had a car, if you accept 900 ccTriumph Heralds, Hillman Imps or even the Neighbour's NSU Prinz as being cars.
#58
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Petrol... How much???????
#59
Re: Petrol... How much???????
In NSW from September, service stations will no longer be able to display on those big signs:
Discount (small letters) unleaded : 152 - wow that looks good, pull in here, oops just read that discount thing, never mind here now so WTF.
Unleaded 158
Diesel 156
etc.
They will have to display the two grades they have sold most of over the last six months and also the price of diesel and LPG.
So the "Discount" price that all Woolies and Coles sites advertise will no longer be allowed on sign boards, and the typical sign will then display, for example:
ULP 155
E10 152
Diesel 150
LPG 99
Discount (small letters) unleaded : 152 - wow that looks good, pull in here, oops just read that discount thing, never mind here now so WTF.
Unleaded 158
Diesel 156
etc.
They will have to display the two grades they have sold most of over the last six months and also the price of diesel and LPG.
So the "Discount" price that all Woolies and Coles sites advertise will no longer be allowed on sign boards, and the typical sign will then display, for example:
ULP 155
E10 152
Diesel 150
LPG 99
Last edited by Mike at Taree; Jul 29th 2013 at 7:02 am.
#60
Re: Petrol... How much???????
In NSW from September, service stations will no longer be able to display those big signs:
Discount (small letters) unleaded : 152 - wow that looks good, pull in here, oops just read that discount thing, never mind here now so WTF.
Unleaded 158
Diesel 156
etc.
They will have to display the two grades they have sold most of over the last six months and also the price of diesel.
So the "Discount" price that all Woolies and Coles sites advertise will no longer be allowed on sign boards.
Discount (small letters) unleaded : 152 - wow that looks good, pull in here, oops just read that discount thing, never mind here now so WTF.
Unleaded 158
Diesel 156
etc.
They will have to display the two grades they have sold most of over the last six months and also the price of diesel.
So the "Discount" price that all Woolies and Coles sites advertise will no longer be allowed on sign boards.