Wednesday, August 03, 2005

Bloody Petrol Prices...

Having just been on the road for a week or so, I've been pretty horrified at the price of petrol.

On a trip from Melbourne to Canberra, then on to the snow fields of New South Wales, and back to Melbourne, via Canberra, I have seen petrol prices vary from 116.5 c/litre, in Melbourne, to as high as 132.9 c/litre, in Jindabyne.

According to one of the guys who work the money markets for the Commonwealth Bank, the Australian petrol pricing is dictated by OPEC countries, due to most of Australia's diesel fuel being refined in Singapore, from crude oil sourced from the Middle East.

It still doesn't make sense to me that the locally refined fuels are impacted... Just one of the little frustrations in life I guess...

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