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Car Forum / Australian Car Forums / General Car Topics (Australian group) / July 2006Petrol pricing
Does anyone know of a source of the following information? Crude oil prices Retail petrol prices Australian / US dollar exchange rates I remember a few years ago, crude oil prices were "high" (I can't remember how high). I also remember that a few years ago, our dollar was only worth around 45 US cents. Now that it's around 75 US cents, it's worth one and two thirds what it used to be worth. If these events were around the same time, and we weren't paying those prices now, it means we're well and truly being shafted by the oil companies now, seeing as they buy the oil in US dollars. > Does anyone know of a source of the following information? > > Crude oil prices > Retail petrol prices > Australian / US dollar exchange rates Can't help you with those exactly, but I find this is always an interesting source of info: http://www.shell.com.au/petrolpricing_scuba/suburb.asp?state=NSW Watch every Wednesday and Thursday too. The Shell retail margin will jump by up to 15c over night. >> Does anyone know of a source of the following information? >> [quoted text clipped - 9 lines] > Watch every Wednesday and Thursday too. The Shell retail margin will > jump by up to 15c over night. How often is it updated?? Tenterfield is 1.32 today > How often is it updated?? > > Tenterfield is 1.32 today It's a daily update that apparently reflects the facts as at 10am each day. You normally have to wait until 11am before the update comes through though. >Does anyone know of a source of the following information? via Google. >Crude oil prices Which crude? Tapis? Brent? See http://www.anarchy.no/oilprice1.html or http://www.aip.com.au/pricing/crude.htm and http://www.aip.com.au/pricing/oecd.htm >Retail petrol prices Where? In WA http://www.fuelwatch.wa.gov.au/ >Australian / US dollar exchange rates Who's buying/selling? e.g. http://www.x-rates.com/d/AUD/USD/graph120.html >I remember a few years ago, crude oil prices were "high" (I can't >remember how high). I also remember that a few years ago, our dollar >was only worth around 45 US cents. A few years ago? I think somebody was selling you some very expensive USD. > Now that it's around 75 US cents, >it's worth one and two thirds what it used to be worth. If these events >were around the same time, and we weren't paying those prices now, it >means we're well and truly being shafted by the oil companies now, >seeing as they buy the oil in US dollars.  Signature/"\ Bernd Felsche - Innovative Reckoning, Perth, Western Australia \ / ASCII ribbon campaign | "Laws do not persuade just because X against HTML mail | they threaten." / \ and postings | Lucius Annaeus Seneca, c. 4BC - 65AD. > A few years ago? I think somebody was selling you some very > expensive USD. I can remember it getting as low as 48 cents or thereabouts, but it was back in the days when Bobby was in the top job. It didn't stay under 50 US cents for very long, but it stayed in the 50's for quite a while. -- Regards, Noddy. >"Bernd Felsche" <bernie@innovative.iinet.net.au> wrote in message >> A few years ago? I think somebody was selling you some very >> expensive USD. >I can remember it getting as low as 48 cents or thereabouts, but it >was back in the days when Bobby was in the top job. It didn't stay >under 50 US cents for very long, but it stayed in the 50's for >quite a while. Early 2001. Dipped just below 48 cents. Was bobbing around below/above 50 cents for a month; mid-March to mid-April. In the doldrums until early 2002. Then rapidly climbed above 60 cents. http://www.oanda.com/convert/fxhistory USD is quite un-interesting; and may be moreso when OPEC changes official barrel prices to Euro. >;-) Signature/"\ Bernd Felsche - Innovative Reckoning, Perth, Western Australia \ / ASCII ribbon campaign | "Laws do not persuade just because X against HTML mail | they threaten." / \ and postings | Lucius Annaeus Seneca, c. 4BC - 65AD. > Early 2001. Dipped just below 48 cents. Was bobbing around > below/above 50 cents for a month; mid-March to mid-April. > In the doldrums until early 2002. Then rapidly climbed above 60 > cents. I was talking *way* before that, when the dollar was first floated I think. > http://www.oanda.com/convert/fxhistory > USD is quite un-interesting; and may be moreso when OPEC changes > official barrel prices to Euro. >;-) That'll be fun. Personally, I've never understood the idea of using the currency of a country that has a deficit in the *trillions* as an international monetary benchmark. -- Regards, Noddy. >> Early 2001. Dipped just below 48 cents. Was bobbing around >> below/above 50 cents for a month; mid-March to mid-April. [quoted text clipped - 12 lines] > Personally, I've never understood the idea of using the currency of a country > that has a deficit in the *trillions* as an international monetary benchmark. 20 years from now the Euro will be the benchmark currency. By spreading your risk across multiple countries you increase your stability. And the US $ will be in big big trouble. Fraser > 20 years from now the Euro will be the benchmark currency. By spreading > your risk across multiple countries you increase your stability. And the > US $ will be in big big trouble. Agreed. -- Regards, Noddy. > Does anyone know of a source of the following information? > > Crude oil prices > Retail petrol prices > Australian / US dollar exchange rates ~~~~~~~~~~~~ http://www.aip.com.au/pricing/orima3.htm PRICING MYTHS DISPELLED Daily Retail Unleaded Petrol Prices are charted monthly for each city and are available on this site to assist with educating people about petrol price fluctuations in the local market and to dispell petrol pricing myths. Click here to see the monthly charts which have been prepared by ORIMA Research Pty Ltd on behalf of the Australian Institute of Petroleum. Myth: Prices always go up on Friday and for Public Holidays. Fact: Prices typically go through a cyle which is dependent on the competition in the local market. For more information on the pricing cycle and how to take advantage of the discounting cycle see 'petrol prices explained' in this section. Myth: Major oil companies predatory price set and lead the market down. Fact: The movement of pump prices up and down through the cycle is instigated by different market participants (both majors and independents) at different times in response to the differing competitive factors at play in different markets. Myth: All prices go up at the same time all over the city. Fact: Cities are made up of many small petroleum products markets covering one or more suburbs. Myth: Country prices do not change and there is no competition in country areas. Fact: Each market is different and competes accordingly. There are two groups of factors which effect petrol prices in the country: . higher costs eg freight, less consumption in these areas so retailers require higher fuel margins to remain viable. . a different competitive environment - Metropolitan service stations generally operate in a more intensely competitive market than their country counterparts. Metropolitan consumers have a much larger number of outlets to choose from. This concentration of outlets means that once price discounting commences in one location, it tends to spread throughout the metropolitan area very quickly. In many country towns, particularly those with little passing traffic, the potential to increase sales through discounting is limited. -- OnlyAFoolWouldInsistOnConspiracyTheories > Myth: Prices always go up on Friday and for Public Holidays. FACT: As I have *personally* observed on the Shell website for month after month after month, the price goes up dramatically EVERY Wednesday night in NSW. This price increase is always the Shell retail margin component. >> Myth: Prices always go up on Friday and for Public Holidays. > > FACT: As I have *personally* observed on the Shell website for month > after month after month, the price goes up dramatically EVERY Wednesday > night in NSW. This price increase is always the Shell retail margin > component. ~~~~~~~~~~~~~ Would you rather have petrol fixed at $1.40 all week or for petrol to fluctuate between $1.35-$1.45 through the week? -- IPreferTheCycleSoICanShopWhenIt'sLowest > IPreferTheCycleSoICanShopWhenIt'sLowest aslongasyouadmititisaweeklycycleandnotamyth >> IPreferTheCycleSoICanShopWhenIt'sLowest > > aslongasyouadmititisaweeklycycleandnotamyth ~~~~~~~~~~~ Where did I say that the weekly cycle is a myth? Read the article again. It says the LONG WEEKEND price rise is THE myth. -- TheGougingIsTheMYTH > Where did I say that the weekly cycle is a myth? Read the article again. > It says the LONG WEEKEND price rise is THE myth. Of course it is. It's just funny how that on Thursday night right before a long week-end most of us seem to get a temporary case of Cataracts that makes the price board at your average servo look completely different. -- Regards, Noddy. > Myth: Prices always go up on Friday and for Public Holidays. > > Fact: Prices typically go through a cyle which is dependent on the > competition in the local market. For more information on the pricing cycle > and how to take advantage of the discounting cycle see 'petrol prices > explained' in this section. Fact: Prices always go up on Wednesday, and for all long weekends an additional 5-10c / litre is also added. The weekly 15cpl cycle has nothing to do with holiday price hikes. > Myth: Major oil companies predatory price set and lead the market down. > > Fact: The movement of pump prices up and down through the cycle is > instigated by different market participants (both majors and independents) > at different times in response to the differing competitive factors at > play in different markets. Fact: When one retailer undercuts another; all local retailers drop to the same price to maintain business. Generally twice a day, one cent at a time, which explains the 15c weekly cycle. > Myth: All prices go up at the same time all over the city. > > Fact: Cities are made up of many small petroleum products markets covering > one or more suburbs. Fact: All prices do go up within a few hours all over the city. When independants start getting massive queues, they put their prices up to a few cents/litre below the major competitors; people will search out and wait for cheaper fuel. -mark > > Myth: Prices always go up on Friday and for Public Holidays. > > > > Fact: Prices typically go through a cyle which is dependent on the > > competition in the local market. For more information on the pricing cycle > > and how to take advantage of the discounting cycle see 'petrol prices > > explained' in this section. Another fact: The way prices are set has more to do with marketing than open competition. Pricing at the pump is not determined by the gate price but instead by the retail margin rebate offered by the supplier. The gate price sets the base price paid by a real independent, or by you and I if we were able to buy enough to get wholesale pricing. A margin is added to then make the retail price. For the big distributors the gate price means nothing. The fuel that is delivered to the station is sold to them at the gate price, but for every litre sold to the consumer there is a rebate applied to that gate price. So, if the gate price is say $1.25, this wholesale price paid by every distributor, but for the big guys, that price is discounted by way of a rebate after the fuel is sold. This same rebate system operates throughout retailing everywhere. When Harvey Norman Electrical sells TVs, they but them for the same price as Joe Blow discounts, but they don't pay for them until they have sold them. Then when they do pay, they deduct their rebate from the invoice price. This is the legal way to undertake predatory pricing. > Fact: Prices always go up on Wednesday, and for all long weekends an > additional 5-10c / litre is also added. > The weekly 15cpl cycle has nothing to do with holiday price hikes. It goes up on Wend night or Thurs morning as part of a marketing plan. The highest sale volumes are on Friday thru Monday. By raising the price beforehand and letting it slide slowly through this period it becomes difficult to statistically prove the price rises on weekends. > > Myth: Major oil companies predatory price set and lead the market down. > > > > Fact: The movement of pump prices up and down through the cycle is > > instigated by different market participants (both majors and independents) > > at different times in response to the differing competitive factors at > > play in different markets. Correct. The majors do not lead the market down, in fact they lead it up. Pricing and the cyle is part of the different companies marketing plans. It is not collusive to adopt similar plans and implement at the same time. It It is illegal to pre-arrange or discuss it. > Fact: When one retailer undercuts another; all local retailers drop to the > same price to maintain business. Generally twice a day, one cent at a time, > which explains the 15c weekly cycle. Because the supplier initiates or changes the rebate or changes the gate price. The retailer has the choice of discounting the price if they wish. Since the majority of fuel is sold through only the four major retailer players there isn't much open competition since they all follow the same marketing plans. > > Myth: All prices go up at the same time all over the city. > > > > Fact: Cities are made up of many small petroleum products markets covering > > one or more suburbs. Fact: Retail rebate margins are sent to some retailers over the EFT network so they can be impelemented immediately. I know two of the majors (BP and Mobil in Nothern Sydney) have standing instructions that console operators must implement the price change within 15 mins of it being received. So if all the BP stations in an area change their prices within an hour or so, the others won't be far behind. > Fact: All prices do go up within a few hours all over the city. When > independants start getting massive queues, they put their prices up to a few > cents/litre below the major competitors; people will search out and wait for > cheaper fuel. Of course.... its all the fault of the independents! I should of known. I'd better tell my father that he wasn't forced out of business as an independent owner because he wasn't offered rebates, but because he didn't want to get too busy and put his prices up accordingly to prevent people queuing. This sort of spin makes me sick. What's worse is that people believe it and the media dissemenate it. > http://www.aip.com.au/pricing/orima3.htm > > PRICING MYTHS DISPELLED Of course, we'd *all* expect a body that represents the Australian oil industry to be critical of the local oil companies and say anything really *nasty*, wouldn't we? :) f.cking idiot..... -- Regards, Noddy. > I remember a few years ago, crude oil prices were "high" (I can't remember > how high). I also remember that a few years ago, our dollar was only [quoted text clipped - 3 lines] > and truly being shafted by the oil companies now, seeing as they buy the > oil in US dollars. Local oil companies are enjoying *record* profit margins at the moment, and that's all you really need to know :) -- Regards, Noddy. |
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