VRE have a large proportion of their fuel hedged from when oil...

VRE have a large proportion of their fuel hedged from when oil was about $55 a barrel. The rising $A hopefully contains any material price rise in diesel.

I asked my girlfriend who i is an american what the price of fuel was, as i expected it to have jumped significantly since i was there in July. Was $2.86 a gallon then and is only $2.60 a gallon now. All i can say is the refiners must be under immense pressure to keep prices low from the government. Exxon Mobil's recent qtrly was shocking due to low refining margins and this has confirmed my thoughts.