Quote:
|
Originally Posted by JPFS1
It's a lot more complicated than that.
Firstly, Australia is not linked to the WTI/Crude Oil market which our media continually rant on about.
We are linked directly to the TAPIS oil market (Singapore).
Then there is a myriad of other market factors that determine the price (not OIL companies as many think).
Check out www.aip.com.au if you want to know what contributes to it. |
Great link to that site. Much appreciated JPFS1
Interesting to note that while unleaded was 99cpl on Monday here in Newcastle, Diesel was 129cpl.
Look at that site and the terminal gate price difference is just 5cpl. So the retailers are therefore making 24cpl extra on diesel...
Also, the price of unleaded has gone from 99cpl to 119cpl today, when the gate price has increased by just 7cpl in that period. The retailers are therefore making an extra 12cpl profit.
NB I even saw diesel on Monday at Sandgate Caltex for 119cpl. Nth Lambton Caltex had it for 147cpl on the same day... Don't even buy diesel and i am peeved at this.