Fuel prices Soaring?

[BFMF]

Are fuel prices skyrocketing around the world like here in America?

Last week where I live, it took only a couple days for it to go up almost thirty cents a gallon!  :o :-/

[ozzy72]

Andrew America is way cheaper than Europe for fuel. In Britain prices are ridiculous. Nearly $1.50 a litre in London!
Here in Hungary things are outrageous considering the wages.
Ah well, it always happens just before a war in the Middle East....

Ozzy

[HawkerTempest5]

Petrol has gone up about 3p per. Ltr. over the last few weeks. I guess if it keeps going up, all those truck drivers will blockade our local distribution centre and I won't be able to get to work (Woo hoo!) It was no fun waiting two hours for some pertol last time only to find out the garage sold out about two cars before me!!

[ozzy72]

I have a reasonable understanding of world politics and economics. As much as the next bloke anyway.
But I can't figure out why petrol prices should increase because of an impending war with Iraq. They don't supply much oil in terms of the % worldwide and in fact, their oil has been part of an embargo where it can only be exchanged for humanitarian goods, not sold. So where is the connection?
If you ask a cynic like me, it's just an excuse for oil producers, and wholesalers and retailers to make profit and for governments to make more on excise (which is a % of the retail price)

In Australia we are 100% self sufficient in oil, we even export some to Japan and other Asian nations. So how come our prices are normally around $1-00 a litre (about $4-50 Aust per gallon) and they are threatening huge rises because of the impending conflict.

The sooner Nuclear power takes over everything, the better. But we'll have to kill the Oill executives first so they don't sabotage development like they have the electrical inventions, not to mention the governments.

God, I am a cynic, aren't I?  ;D

[OakRaiders]

FUEL $$$$$$$$ it'$ Burning aHole in my pocket

[BFMF]

I know what you mean OakRaiders, i'm gonna get a job so I can keep driving!

[Loafing Smurf]

Its about $0.80 here in Canada.

[Splash]

 ;DDont know where you are Ranger, its 88.9 cents/litre here in Newfoundland, Canada but we were regulated in 2002.  Thank Goodness!!!!  $1.50/litre in London?  Geez  Whats it in the US now?  We only went up 3 cents/litre this week
Splash

[Loafing Smurf]

I live in Tornoto, Ontario. Its about 81-85 cents, then when it hits the 70 cents range the gas pumps are storming with people.

[BMan1113VR]

[quote]

[Loafing Smurf]

Thats oct 92, I put in oct 87. But, thats still fairly expensive.

[Loafing Smurf]

Wait a miniute, thats 70 cents U.S per liter.

*rangers head blows up*

I knew my dad should have taken that job in Cali.  ;D

[BMan1113VR]

[quote]Wait a miniute, thats 70 cents U.S per liter.

*rangers head blows up*

I knew my dad should have taken that job in Cali.

[BFMF]

But why do the prices go up? Brensec even pointed out that their prices are going up also even though Australia is self sufficient. Is it just the oil companies trying to make more money?

[ozzy72]

Lets fave it Brensec was right, oil companies have less ethics than a hungry great white shark!

Ozzy