Fuel Prices Could Hit $3 A Litre Next Year

[XRBloke]

My car will be going on an EGAS XR6 ute if this is the case, good by petrol, hello LPG.

[ducatijb]

53 cents a litre in the US.... septics

And LJH is blaming the price hikes at the moment on the weakening of the sh*tty aussie $$$

[Trough Lolly]

Reading the sunday mail today they predict that prices could hit $3 a litre as early as next year. This would mean that we would be nearly paying $190 to fill up our tank and even more for the guys with the utes.

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and you actually believe this??

people can barely afford to pay the cost of living as it is. its at a record level, $3 a litre for fuel? cmon...

[stang]

if fuel hits $2, I think alot of people will stop driving there cars on the weekend and only use them to get to work and back.

If it hit $3 I would get rid off the car.

[jonom]

if fuel hits $2, I think alot of people will stop driving there cars on the weekend and only use them to get to work and back.

If it hit $3 I would get rid off the car.

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If fuel gets to $3 a litre, no one will be buying petrol cars, unless someone else is paying for it. I know if it does I'll be on public transport or investing in a moped.

If fuel was to be that expensive can you imagine how that will affect the price of general living like groceries and off the shelf products

[harvyk]

I think it's disgusting that we're paying so much now and yet oil companies (all of them) are reporting record profits at the same time - tell me that's not due to price fixing!

I'd guess that if petrol hits $3 a litre most things will basically stop, also taxi's \ public transport won't really be the way to go as they will start costing record amounts to use.

[TurboDewd]

harvyk

the price of virtually all commodities is going thru the roof at the moment, not just oil. zinc, iron ore, gold, nickel and oil...you name it.

The profits of any resource company are pretty good of late.

[turbotom]

$3.00 a litre ???

The news report I heard was predicting $3 per gallon in the US.

Anyway, best thing to do if you're worried about fuel price is buy some shares in Caltex. ( or woodside, or any other bluechip oil producer or refiner)

lThe gains you'll make from the increase in share price will compensate your fuel bill.... make you feel real good that the money you're paying will be refunded in a dividend too...

[harvyk]

$3 per gallon would be an acceptible amount to pay, that would mean that they are paying roughly US70c per litre. Doing all the conversions (assuming a exchange rate of AU$1 = US70c) that would take it to around $1 a litre for us...

But honestly whilst I know we're been ripped off compared to the yanks, it's the brits that I'd feel sorry for. I remember hearing when we had just hit $1 per litre, they wherre paying the equivilent of $2 per litre and that was on a good day...

Edit: this is basing a gallon to be 4.546 litres, which I think it is however there seems to be different amounts quoted depending on the website I go to.

[dingah2]

if fuel hits $2, I think alot of people will stop driving there cars on the weekend and only use them to get to work and back.

If it hit $3 I would get rid off the car.

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If fuel gets to $3 a litre, no one will be buying petrol cars, unless someone else is paying for it. I know if it does I'll be on public transport or investing in a moped.

If fuel was to be that expensive can you imagine how that will affect the price of general living like groceries and off the shelf products

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Utter rubbish. The net cost of fuel to the consumer has doubled in the last three years and driving habits have hardly changed at all. The general public and comics like the Courier Mail and the like are full of wind and never follow up their whinging with action.

This is more than a little surprising when you think that someone doing 20, 000km/year in a car that consumes on average 12l/100km would need to find another $75/fortnight in after tax dollars to fund the additional costs of that mileage if the price for fuel rose to $2/litre....which incidentally is what many of the oh so health conscious yuppies will willingly spend on bottled water for fear of dehydrating between the car park and the office!

Dingah