Just wondering how fellow travellers plan to manage fuel supply issues, and cost for that matter as we have already seen jumps of 30 to 40 cents per litre. We are in the Fraser coast area and have already see several local servo's run out of fuel with people panic buying. There are also the issues of the food supply chain.
I have heard that way out in the never never the price of petrol was being sold at near $4 litre. I can't recall where this was, I can't say it's true, I also can't say it's false. I'm wondering if it is they are expecting not to be getting stock for a very long time or very patchy deliveries at best so trying to make as much from it to pay the bills they have.
Bigger issue is that Australia only holds 30 days of fuel.
In port Macquarie last week, the Independent had 95 at 172.2 CPL. Woolworths and other majors were 220/232 CPL.
BURGLARS!
Bigger issue is that Australia only holds 30 days of fuel. In port Macquarie last week, the Independent had 95 at 172.2 CPL. Woolworths and other majors were 220/232 CPL. BURGLARS!
Agree, reserve supply will become an issue very quickly. would be a brave man to head too far from home in the near future me thinks .
We should have 90 days but Australia is well below the recommended level. The last time this happened the average days on hand included fuel in tanks on commercial premises, farms, trucks, boats, cars and motorcycles. Possibly also included leaf blowers.
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See some guy rocked up at a petrol station with one of those 1 cubic metre plastic tanks on the back of a ute and started filling up. Don't know how much he got but think the cops want to talk to him about it. Some people are just unbelievable.
What a load of hysterical tripe. Australia's oil imports do not come from Iran but through the Singapore, Japanese, South Korean and US markets. Ninety per cent of Iran's oil is sold to China with the remaining ten per exported to Syria, UAE or used domestically. What may drive up the price is the fact that the oil producing countries will need to increase production to cover the missing twenty per cent that Iran contributes to the global supply.
We have thirty four days supply stockpiled. Didn't that dope Angus Taylor tell us we had purchased 100 days and it was stockpiled in the USA?
Oil prices rise and fall contingent on the market. When the supply price increases the oil companies increase the price of the oil they currently hold as they will be paying more for their next supply. Likewise, if there is a glut, the oil companies reduce and can even lose on the deal because they are stockpiled with oil that initially cost more when the rate was higher. There are no "burglars". No one is breaking into anyone's home or business. The only thing missing is grey matter between a few people's ears.
The only issues that will arise in Australia is if the cerebrally challenged listen to the cerebrally challenged.
What a load of hysterical tripe. Australia's oil imports do not come from Iran but through the Singapore, Japanese, South Korean and US markets. Ninety per cent of Iran's oil is sold to China with the remaining ten per exported to Syria, UAE or used domestically. What may drive up the price is the fact that the oil producing countries will need to increase production to cover the missing twenty per cent that Iran contributes to the global supply.
We have thirty four days supply stockpiled. Didn't that dope Angus Taylor tell us we had purchased 100 days and it was stockpiled in the USA?
Oil prices rise and fall contingent on the market. When the supply price increases the oil companies increase the price of the oil they currently hold as they will be paying more for their next supply. Likewise, if there is a glut, the oil companies reduce and can even lose on the deal because they are stockpiled with oil that initially cost more when the rate was higher. There are no "burglars". No one is breaking into anyone's home or business. The only thing missing is grey matter between a few people's ears.
The only issues that will arise in Australia is if the cerebrally challenged listen to the cerebrally challenged.
What a rude ignorant person you are, in your expert capacity as resident know it all please explain this
