Petrol Prices under Labor

[JK]

When we last saw fuel prices ramped up, the Liberal government responded by capping fuel excise - under pressure from Labor I might add to deal with the increasing prices.

Are the Liberal party applying the same pressure Labor did back then?

[smac]

When we last saw fuel prices ramped up, the Liberal government responded by capping fuel excise - under pressure from Labor I might add to deal with the increasing prices.

Are the Liberal party applying the same pressure Labor did back then?

Only to themselves mate.

[JK]

When we last saw fuel prices ramped up, the Liberal government responded by capping fuel excise - under pressure from Labor I might add to deal with the increasing prices.

Are the Liberal party applying the same pressure Labor did back then?

Only to themselves mate.

So yeah, the same pressure Labor were applying back in the day.

[Rushby Hinds]

It is apparent that Rudd and Labor in general are happy to see fuel prices and inflation increase and will not be doing anything to deal with the situation in the form of tax relief on petrol.

I'm a dumb ass. Explain how that is "apparent".

Wouldn't putting say 25 bucks a week back into everyones pocket put the same pressure on inlflation anyway?( some of the much more learned posters than me like Psyber , Mick or Hondo could inform us of this) but I am as confused me ol mate dumb ass .

Yes.

[am Bays]

*sigh*

Why don't they just print more money and give it out to everyone.....that'd mean we could be able to afford to buy more petrol and afford our house repayments....

[GWW]

*sigh*

Why don't they just print more money and give it out to everyone.....that'd mean we could be able to afford to buy more petrol and afford our house repayments....

Please explain

I never knew Pauline was a Bays supporter

[Psyber]

I'm not entirely convinced the Reserve Bank has it right.

In theory the rate rise is to inhibit inflation caused by consumer spending, but if our rates go up investing here gets more attractive to overseas investors and the AU Dollar becomes worth investing in too and goes up in value, then our exports drop off and we import more because the Aussie Dollar buys more and our balance of payments goes bad, which aggravates the debt and worries the Reserve Bank, which tries to inhibit consumer debt by increasing interest rates ... ooops haven't we been here before.

Could one of our Economics graduates reassure me I'm wrong because it is beginning to look self-destructive to me????

[bulldogproud]

Psyber, the reduction in domestic spending that comes about through the increased interest rate is expected to outweigh the increase in the Australian dollar. Therefore, it should have the correct stimulus on the economy. The dollar has actually fallen since the last interest rate rise. I would have liked to have seen a tighter fiscal policy as well but in the leadup to the election that was blown out of the water by both parties.
Cheers.

[bulldogproud]

IIRC ALP policy promises included the following:

1. An Inquiry into Petrol Prices - (wooppee do. People spend more on mobile phone and electricity bills yet the same fuss isn't made. People who queue for ages to save a few cents per litre are kidding themselves because how many people are as attentive when it comes to supermarket prices - eg buying a cheaper loaf of bread? BUT - there is an ALP promise for a Commissioner of Grocery prices I believe).
2. ALP Ministers to be bound to a code of conduct, to be released prior to the election. Then, to be released on the day of being sworn in. Now, still not released as "negotiations" are still taking place because it is feared to be too tough and could result in sackings. Poor.
3. Dept of Homeland Security to be established - now, not so. Have to give credit here because he was willing to change his mind based on the advice of Prime Minister and Cabinet Secretary Shergold.

The RUDDer is a little off course already.....but expect a few early slip ups. FWIW Rudd has been steered through his campaign by Rann and the Rann stamp will continue to be all over the Rudd spin machine. Oh, and Mark Butler got in but did you know Conlon allegedly wanted that seat to be his but was not given that green light?

The Code of Conduct has been introduced. It was virtually the first thing we did upon gaining office.
Cheers.

[Andy #24]

2. ALP Ministers to be bound to a code of conduct, to be released prior to the election. Then, to be released on the day of being sworn in. Now, still not released as "negotiations" are still taking place because it is feared to be too tough and could result in sackings. Poor.

Ha, the libs ministerial code of conduct didn't fall into obscurity, did it?

[Psyber]

Psyber, the reduction in domestic spending that comes about through the increased interest rate is expected to outweigh the increase in the Australian dollar. Therefore, it should have the correct stimulus on the economy. The dollar has actually fallen since the last interest rate rise. I would have liked to have seen a tighter fiscal policy as well but in the leadup to the election that was blown out of the water by both parties.
Cheers.

I'm not sure if there is a "reduction in domestic spending that comes about through the increased interest rate". I suspect the average family just runs up more credit card debt in response.

[Hondo]

Heard today on the radio that Labor are looking at regulating Petrol pricing so the price can not go up by more than 3 cents in any 24 hour period

Problem is, I worry that we will end up paying more at the normal cheaper times so the Oil companies don't get caught out by only having 3 cents to play with - ie, they'll start off the price higher than they would have

That's what I'd do anyway if I was in their shoes Even tho I don't agree with it as a consumer

[Psyber]

One of my cars runs on the "Shell Racing" 100 Octane with 10% ethanol and it is about 7 cents a litre dearer than the 98 Octane despite the fact that the addition of the ethanol should make it cheaper according to the ACCC.

I don't blame the federal government, of either party, though, except perhaps for not giving the ACCC the funding to pursue them. But I guess in the end it is my own fault for adding the hot chip and increasing the turbo boost.. [Mind you 206Kw instead of the original 169Kw is fun!]

[Sojourner]

SAFF have a petition going to get legislation passed to allow them to manufacture and sell E85 fuel made from Wheat as well as Grape and Fruit waste. They are suggesting that the price will be similar to what LPG is currently sold for. Yet the milage is unlikely to be the same, still it is worth looking into!

[BIG SEXY]

the problem with ethanol blend fuels is australian engines arent designed to run on any ethanol at all.
you may save $3-4 per tank now but in the long run your engine will cost you.

[Psyber]

the problem with ethanol blend fuels is australian engines arent designed to run on any ethanol at all.
you may save $3-4 per tank now but in the long run your engine will cost you.

Yes, I checked with Audi Australia before using it in my car.

My understanding is that most engines can cope with a small to moderate percentage of ethanol itself, but plastic fuel lines and tanks are a big issue, and what dissoves out of them can wreck engines. Back in the WWII days people were known to run motor bikes on whisky according to reports from my parents, but of course tanks and fuel lines were metal then.

The content of some alloys may be an issue perhaps? - metallurgy ins not my area of expertise!

[mighty_tiger_79]

Heard today on the radio that Labor are looking at regulating Petrol pricing so the price can not go up by more than 3 cents in any 24 hour period

Problem is, I worry that we will end up paying more at the normal cheaper times so the Oil companies don't get caught out by only having 3 cents to play with - ie, they'll start off the price higher than they would have

That's what I'd do anyway if I was in their shoes Even tho I don't agree with it as a consumer

is WA the only state that currently has fixed petrol prices per day????