The Iran Event

[Brocky]

Paul, Diesel up here has gone up about a dollar and a half a gallon since this started. Gas also but not as much. I can understand with the Straight closed the import of crude is down and this will affect FUTURE prices. BUT BUT why has the price of the already refined product jumped overnight??????? I think the oil companys are ripping us off!!!!!!!!

[mrsmackpaul]

Thanks fellas, I think reason for the fuel hike is to pay for the next load of crude, not the stuff they already have 

And were else are we gunna go

Thinking this bit of excitement in the middle east might want to be over soon otherwise your fearless leader might not be to popular with the people after 6 months of high prices

Anyway, it still beats walking 

 

Paul

[Joey Mack]

Gas is $3:59- $3.89/ gallon

Edited 1 hour ago by Joey Mack
More info needed

[mrsmackpaul]

I guess the U.S. oil mighten need to have as much travelling through the Strait of Hormuz as Australian oil

Things like this really effect Australia as a lot of our exports go through this shipping channel as do our imports 

The flow on effect can be quite dramatic 

But maybe it is a small price to pay to sort the mess out over there 

Apparently the up take of electric cars in Australia has sky rocketed since this layest bun fight began 

Who knows, not me, that's for sure 

 

Paul

[mowerman]

Well we’re stuck here with newsomes overpriced gasoline I didn’t know this till recently, but 80% of our gasoline comes from them that explains why it’s so expensive

[Vladislav]

10 hours ago, mrsmackpaul said:

How's the fuel prices in the U.S. and Canada ?

Fuel has gone through the roof in Australia 

$1.65 - $2.60ish in a week in Australia 

This is per litre price so multiply this by 4 for gallons 

 

Paul

 

 

Can't belive! Sounds very drammatic.

What I can say...  Diesel is about 80-70 American Cents per litre here in Russia. Slowly creeped up from 50 or so Cents a year ago. And with no affect from the Middle East events. Sanctions work two ways. The 2nd is limitation of oil products leaving the country's inside market.

But honestly I would better like the both events to not take place.