Price of fuel

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Price of fuel

Post by Spotter » Wed Mar 11, 2020 10:51 am

Once again we fail to see the drop in oil price passed on at the pump. There has been a greater than 50% drop in oil price since the start of the year and my local servo has not budged from 142.2 cents per litre.

If we take todays WTI crude oil price of US$35 (AUD$53 per barrel/202 litres) then this gives us a price of 26 cents per litre. Would obviously need to add to this refinement, shipping, taxes and retail costs.

I guess my gripe in all of this is the price has been on a steady decline since October last year and we have seen zero downward pressure on pump prices.

Spend those hard earned dollars wisely and support those with the best price.

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