petrol prices

  1. representative
    112 Posts.
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    18/08/11
    20:23
    Post #: 8842038
    I am hoping that someone can help me out here..

    In 2008, oil was above USD $100 per barrel (like $120 or so) and the AUD to USD was about 90 cents. Petrol at the pump was about $1.40 to $1.50 a litre.

    Today, oil is sitting at around USD $86 and AUD to USD is $1.05...

    Why are we still paying $1.40 a litre?? And that's E10 (10% enthanol).
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