“E180/litre (over $3 our peso)” that’s the price where I am -...

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pintohoo

88,349 Posts.

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06/08/24

22:27

Post #: 75099705
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Originally posted by moorookamick ↑

I agree that a combo of oil supply due to the Middle East
debacle and a weakening AUD could sent the price of
petrol/diesel close to $3/liter. Also now that the excise
set rate has been changed to a % of price, this to will
add to the petroleum pricing.

IMO that was likely a
RBA consideration yesterday because fuel pricing plays
such a key role in our inflation.

That said, a global recession (Stock Markets are wobbling at present)
would likely moderate price by knocking back demand.

I'm in Europe at present where on average petrol is
E180/litre (over $3 our peso)

IMO the next Government, whether that be Lib or Labor
will likely use more stick and more carrot to encourage
a higher rate of EV uptake. That will likely take the form of:
-CO2 based regos
-lifting the excise rate on petroleum (concessions for transport to minimise inflation)
-removing the GST from New EVs (businesses can already claim it back)
-scrappage grant (say $3K) on fuel guzzlers) for private buyers of a new EV.

Reducing our reliance on import oil & petroleum is both an economic
issue as well as a national security issue given the state of war/unrest
among oil producers .

Like in Aus, I'm amazed at so few used hybrids and EV in the used car yards in Europe
given the growing market trend towards new hybrids/BEVs.
(PS: are you enjoying the Olympics?)

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“E180/litre (over $3 our peso)”

that’s the price where I am - but all costs are in the fuel - ie. no rego

Olympics - no, a little interest in a few things- but I know I didn’t miss much in 40 years or so
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