Fuel prices here in Oz cities the prices cycle each week with the lowest prices usually mid-week and rising again for the weekends. Long weekends will
always see the price spike on the thursday or friday before everyone heads off to wherever they go.
I've asked rural fuel stations why their price is 10 cents per litre dearer than the larger town 100 miles away.. they say it is transport costs..
Garbage!! The Fuel trucks run Cost and Tax Free!! So the honest answer is that's what the operator wants to charge people... and gets away with it
because everyone accepts the dishonest answer.
In research done into costing in the late 90's of 200 gallon drums leaving the Brisbane Refineries, it turns out only 2 percent of the final Oil
product goes to Fuel production, the remaning 98% goes to manufacturing things like Clothing, Plastic goods, Make-up, etc. So in effect the pump price
you pay offsets costs to these industries.
Then consider that the rich are playing "let's make a squillion" on the stock market with Oil, which plays havoc with the Prices You pay for Fuel.
Both the U.S. and Australia have enogh capped oil deposits to be self-sufficient for a couple of centuries. So one then needs to ask why are these two
countries part of OPEC? And why then do they tow the line of OPEC? Why not tell OPEC to go get Effed and only use your own reserves?
edit on 5-4-2011 by Tayesin because: dyslexic spelling again