At its peak last year, crude oil prices was about USD$150 per bbl. Then petrol prices was nearly AUD$1.50 per litre.
Now crude oil is about USD$60 – $70 per bbl. Yet the current price of petrol is about AUD$1.20 per litre. Please also note that the Aussie Dollar is also appreciating to about AUD$1.00 to USD$0.87.
High fuel prices leads to higher food prices and goods. Inflation out of control will cause misery to average people, of course not to those earning millions of dollars per year. I read last year the boss of Macquarie Bank took home more than AUD$20million. That is mind boggling. What kind of money is the bank making? owning airports, and charging exhorbitant fees like parking, fines for picking up passengers? Banks should concentrate in helping farmers, factories, building infrastrutures. Oops, staying out of the subject on petrol prices. Nevertherless inflation could be the main cause!
Mr
At its peak last year, crude oil prices was about USD$150 per bbl. Then petrol prices was nearly AUD$1.50 per litre.
Now crude oil is about USD$60 – $70 per bbl. Yet the current price of petrol is about AUD$1.20 per litre. Please also note that the Aussie Dollar is also appreciating to about AUD$1.00 to USD$0.87.
High fuel prices leads to higher food prices and goods. Inflation out of control will cause misery to average people, of course not to those earning millions of dollars per year. I read last year the boss of Macquarie Bank took home more than AUD$20million. That is mind boggling. What kind of money is the bank making? owning airports, and charging exhorbitant fees like parking, fines for picking up passengers? Banks should concentrate in helping farmers, factories, building infrastrutures. Oops, staying out of the subject on petrol prices. Nevertherless inflation could be the main cause!