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Originally Posted by OzJavelin
I've heard "experts" tell us that a rise of US$1/barrel in oil SHOULD translate to AU$0.01 rise at the pump in Australia. So if oil jumps from say US$67 to US$71 .. where does the typical AU$0.13->0.18 cent jump come from? At our current prices oil should theoretically be about US$90/barrel????
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Nowhere near as simple as that. Have to consider $AUS/$US rates, ontop of that the differing state initiatives and the indivisual station owners also raising their own margins.