Inflation in your area?

baggygreen · 10-16-08, 05:03 PM

Oil vs fuel prices - when oil was $150 a barrel, we paid $1.50 a litre. Now oil is as low as $75 a barrel, and we're still paying on avg $1.50.

please explain??

Costs for basic foods has also gone up, they blamed the rise in the price of petrol, and until that comes down there will be no change.

I have my own suspicions on the petrol companies though, by not lowering the price they're getting people used to a certain price. Now, when oil rises to say, $100, they'll jack up the price of petrol again and say its because oil is high.

Unfortunately, everyone seems to forget that last time oil prices were at this level we paid roughly $1 a litre.

thieves i say.

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10-16-08, 05:03 PM	#9
baggygreen Sea Lord Join Date: Jul 2006 Location: Canberra, ACT, Down Under (really On Top) Posts: 1,880 Downloads: 7 Uploads: 0	Oil vs fuel prices - when oil was $150 a barrel, we paid $1.50 a litre. Now oil is as low as $75 a barrel, and we're still paying on avg $1.50. please explain?? Costs for basic foods has also gone up, they blamed the rise in the price of petrol, and until that comes down there will be no change. I have my own suspicions on the petrol companies though, by not lowering the price they're getting people used to a certain price. Now, when oil rises to say, $100, they'll jack up the price of petrol again and say its because oil is high. Unfortunately, everyone seems to forget that last time oil prices were at this level we paid roughly $1 a litre. thieves i say.