Australian fuel price watch - what's the diesel price today where you are in Oz?
Yesterday it went up to A$3.16 per litre at Ampol EG Islington (in Newcastle NSW). Before Trump started lobbing bombs into Iran the pump price was A$1.90 per litre (less than a month ago).
Today I get paid so tomorrow I can fill up the diesel vehicle. It will need about 120 litres, then it's good for another month. 120 litres at lets say A$3.20 per litre is almost a $400 purchase.
The prices won't stop going up until it forces people to stop buying so demand goes back down to meet supply. Until then, farmers and independent truck drivers can't get any fuel, so food supply will start slowing down and then it will really hurt consumers when shops run low or run out completely of fresh fruit/veg, bread, meat, milk and other things generally everyone needs.
What should the 'proper' price then be? $5 per litre is highly likely soon. $10 per litre?
I don't know what my employer (a national rail freight company) pays per litre of diesel to run all the locomotives needed to move freight trains, but I might try to find out.
Today I get paid so tomorrow I can fill up the diesel vehicle. It will need about 120 litres, then it's good for another month. 120 litres at lets say A$3.20 per litre is almost a $400 purchase.
The prices won't stop going up until it forces people to stop buying so demand goes back down to meet supply. Until then, farmers and independent truck drivers can't get any fuel, so food supply will start slowing down and then it will really hurt consumers when shops run low or run out completely of fresh fruit/veg, bread, meat, milk and other things generally everyone needs.
What should the 'proper' price then be? $5 per litre is highly likely soon. $10 per litre?
I don't know what my employer (a national rail freight company) pays per litre of diesel to run all the locomotives needed to move freight trains, but I might try to find out.
