CAN someone explain or even investigate why the cost of petrol in Australia is so high?
Recently in the news feeds Donald Trump was recorded as saying that petrol was down to $2 a gallon, and others were quoted as its at $2.20. Now I don’t know much about mathematics, but I do know that there is 4.546 litres to a gallon, and with petrol in Australia hovering around the $2, mark give or take depending on the “fuel cycle”.
So my calculator tells me that $2 X 4.546L = $9.09c a gallon.
Now as I said I’m no mathematician but seeing as the tax, GST, freight and profit are included in the $2 a litre, where is the $7 plus a litre go?
Surely they aren’t making that much profit by the petroleum companies because if they were, the American petrol companies would be jacking up really loud.
As far as I’m aware, we no longer refine our petrol in Australia, so it comes in in tankers as refined petrol already, and is tankered to the service stations as a ready made product and then sold to customers at $2 a litre.
Yet in the USA they sell all their crude oil overseas because their oil isn’t petroleum grade, so they have to import theirs from Canada and India already refined same as us, yet they sell a gallon for the same price we pay for a litre.
We need the fuel pricing set by a committee just like the banking interest rates are so the real costs cant be hidden from the public especially in this “cost of living” crisis where the rich survive and the poor eat turnip.
Brad McKenzie
Mildura
