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Old 20-10-2008, 08:07 PM   #1
HSVKILLA
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Default Petrol prices dropping

: Awesome,over here in kiwiland we are down to $1.76 a litre now and falling,this is a relief from the height it reached $2.17 a few months ago,i hope this trend is the same or similar for all you people in the great southern land over there.

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Old 20-10-2008, 08:11 PM   #2
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wow thats expensive, i paid 156cpl for BP Ultimate today in Brisbane
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Old 20-10-2008, 08:13 PM   #3
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exchange rate difference!!!!
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Old 20-10-2008, 08:14 PM   #4
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Yeah it's coming down a little bit, just a shame the AU$ is weak against the US$ otherwise it would be even cheaper.
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Old 20-10-2008, 08:22 PM   #5
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Whats the story behind the price drop? Did someone fine a huge stockpile of oil?
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Old 20-10-2008, 08:30 PM   #6
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Value just drops like everything else I guess
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Old 20-10-2008, 08:32 PM   #7
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Quote:
Originally Posted by 51RTE
wow thats expensive, i paid 156cpl for BP Ultimate today in Brisbane
here in darwin ultimate is $1.87 point 9.....So a buck eighty a litre. price hasn't changed for months....

sucks.

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Old 20-10-2008, 08:32 PM   #8
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Its dropped? only the price of oil has... the price at the pump hasnt changed here in ages...
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Old 20-10-2008, 09:23 PM   #9
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I don't think I'll lose any sleep if a recession in the states means cheaper petrol for me.
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Old 20-10-2008, 09:51 PM   #10
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Diesel over there was $1.47n.z a litre..
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Old 20-10-2008, 09:59 PM   #11
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its hovering in the $1.30's on the gold coast, loving it too!
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Old 20-10-2008, 10:01 PM   #12
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caltex vortex 95% has been about $1.64 mid north coast for a while now.... Changed from 98%, ive got the vaporate fuel system fitted didnt notice much difference between the two- except price 98% was $1.82.
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Old 20-10-2008, 10:18 PM   #13
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Quote:
Originally Posted by DoreSlamR
Value just drops like everything else I guess
Hahaha! what?!

Quote:
Originally Posted by dreadly
caltex vortex 95% has been about $1.64 mid north coast for a while now.... Changed from 98%, ive got the vaporate fuel system fitted didnt notice much difference between the two- except price 98% was $1.82.
Ron rating is not a %, you can have greater then 100 ron.
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Old 20-10-2008, 10:29 PM   #14
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Quote:
Originally Posted by Darkr
Hahaha! what?!

Value of crude oil has dropped, just like everything else....What's so shocking about that?
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Old 21-10-2008, 06:44 AM   #15
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Quote:
Originally Posted by SM1DY
Whats the story behind the price drop? Did someone fine a huge stockpile of oil?

this was my initial thought too. prices were going up due to the dwindling supply and the high demand.

as the 'global financial crisis' puts a bit of a squeeze on, demand may decrease a little but the reserves don't change. price comes down, people start using again and the demand is back.

obviously the stories they tell to jack the price up don't have to make sense when the economy starts to fall.
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Old 21-10-2008, 10:31 AM   #16
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Winter is coming to U.S which was an excuse last year!!
It doesn't seem to be applicable now!!
I would say the oil speculators have had their fingers burnt in credit crisis...
Sheesh I feel for them !! Yea right !!!
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Old 21-10-2008, 10:39 AM   #17
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I'll believe prices are cheaper at the pump when the price saving per barrel is filtered thru to the consumer. Until then, ALL petroleum companies suck
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Old 21-10-2008, 03:38 PM   #18
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It's a whopping 81c a litre here now..... geee, tough times :-)
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Old 21-10-2008, 03:40 PM   #19
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couple of servos had a bidding war in sydney today, price got as low as 92c/L

servo owner expects to lose as much as 10k today......some sort of protest to the govt or something
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Old 21-10-2008, 03:41 PM   #20
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Quote:
Originally Posted by chevypower
It's a whopping 81c a litre here now..... geee, tough times :-)
We all hate you : and you still drive on the wrong side of the road............lol
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Old 21-10-2008, 03:43 PM   #21
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Quote:
Originally Posted by barthez
couple of servos had a bidding war in sydney today, price got as low as 92c/L

servo owner expects to lose as much as 10k today......some sort of protest to the govt or something
WTF??? geez, I wish we had that here in SA
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Old 21-10-2008, 03:53 PM   #22
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article here - http://news.ninemsn.com.au/article.aspx?id=650619
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Old 21-10-2008, 03:58 PM   #23
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Quote:
Originally Posted by barthez
omg thats insane. I feel for the smaller guys. Bad for them, good for the consumer at this pump that that is.
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Old 21-10-2008, 06:00 PM   #24
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Quote:
Originally Posted by chevypower
It's a whopping 81c a litre here now..... geee, tough times :-)
Gee you know how to make friends here, drop dead :

Just kidding, wish we had that here, even taking into account the exchange rate and making it approx $1.10 would be good, we get ripped off.
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Old 21-10-2008, 07:14 PM   #25
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Wish it was 81cents a litre here!, id have a carby v8 to!, not just an EFI one lol!!
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Old 21-10-2008, 07:18 PM   #26
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Paid $1.62 for Ultimate in PI on the weekend, not much relief out in my area of Victoria (East, South East of Melb)
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Old 21-10-2008, 07:20 PM   #27
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Quote:
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Paid $1.62 for Ultimate in PI on the weekend, not much relief out in my area of Victoria (East, South East of Melb)

Yeah I paid about $1.65 on Sunday in Engadine, Sydney...so much for a price drop !!
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Old 21-10-2008, 07:43 PM   #28
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well about $1.86 here in nz today... glad i got me a boss V8 ...im scoffin my shares worth of oil lol
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Old 21-10-2008, 07:44 PM   #29
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Just paid $1.52 for 95. Missed out on the 94c out at Blacktown earlier today. That looked nuts out there though...
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Old 21-10-2008, 08:15 PM   #30
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I cant believe people line up like that for cheap fuel, i really dont see the point. But lower prices are good, but owning a V8 i cant really argue :
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