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#1
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A$2.00 a litre has passed
Ron <dodo@hotmail> writes:
>http://www.news.com.au/couriermail/s...8-3102,00.html >FUEL prices in a Queensland outback town have soared to more than $2 a >litre - as Premier Captain Anna Bligh said she would oppose moves to cut >GST on pump prices. It was over $1.60 per litre this morning in my part of Sydney. The government won't do anything re fuel pricing until it's forced to stop the double-dipping taxation regime (fuel excises + GST). >The Rudd government is considering removing the GST on fuel excise as >part of its wide-ranging taxation review. Whoopedoo. Excise on petrol is approximately 40 cents per litre, so GST on that is about 3 cents. Fat lot of good that will do to the pricing. It'll get eaten up immediately by the fuel company pricing cycles. Removing GST totally on fuel might help in the short term. Removing excise altogether would be the best move, but that will cause a big upswing in fuel demand which will drive up the prices. Nasty cycle which won't get any better as demands continue to outstrip supply. BTW Shell still has no V-power in Sydney. It's like Shell has decided to drop high-octane unleaded fuel in favour of other things. No idea what they would be, but my bet is 'high octane' ethanol blends which will pump up demand even more because of the lower energy energy output per unit volume of ethanol-blend fuels (by around 20 to 30 percent). Craig. -- Craig's Saab C900 Page at | Craig's Classic Saab Workshop - Sydney .au http://lios.apana.org.au/~c900 | http://www.classicsaab.net and other URL's Email: | For Saab 99/C900/9000 Enthusiasts World-Wide! Alternate: | Web-forums, galleries, library, links, etc. |
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#2
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A$2.00 a litre has passed
"Saab C900 Viggenist" > wrote in message ... > Removing GST totally on fuel might help in the short term. Removing excise > altogether would be the best move, but that will cause a big upswing in > fuel > demand which will drive up the prices. At what point in this country's history (or that of any other for that matter) have you known fuel usage to be excessive simply because it was cheap? People will generally use the same amount of fuel they always do, it just won't cost as much. Removing the excise will certainly make it cheaper, but it would create a *huge* hole in government revenue that will have to be made up in other ways. The Government is reluctant to remove the GST component on the excise because it will cause a billion dollar reduction in revenue in exchange for a ****weak few cents per litre price drop that would be absorbed into the system immediately. Removing the excise on fuel would cause a revenue shortfall many times that, and create huge problems in other areas. > Nasty cycle which won't get any better as demands continue to outstrip > supply. Where is fuel in short supply? There is *no* shortage of oil, and talk of countries like India and China suddenly becoming huge users causing a supply problem is nothing short of fanciful bull****. The problem isn't supply outstripping demand, but production limitations imposed by oil producing nations for no reason other than to keep prices artificially high. They could increase production tomorrow at a moment's notice and cause a glut on the market which would see the barrel price fall through the floor, but that's precisely what they *don't* want to happen. -- Regards, Noddy. |
#3
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A$2.00 a litre has passed
On May 27, 11:51*pm, Saab C900 Viggenist >
wrote: > Ron <dodo@hotmail> writes: > >http://www.news.com.au/couriermail/s...8-3102,00.html > >FUEL prices in a Queensland outback town have soared to more than $2 a > >litre - as Premier Captain Anna Bligh said she would oppose moves to cut > >GST on pump prices. > > It was over $1.60 per litre this morning in my part of Sydney. The > government won't do anything re fuel pricing until it's forced to stop the > double-dipping taxation regime (fuel excises + GST). > > >The Rudd government is considering removing the GST on fuel excise as > >part of its wide-ranging taxation review. > > Whoopedoo. Excise on petrol is approximately 40 cents per litre, so GST on > that is about 3 cents. Fat lot of good that will do to the pricing. It'll > get eaten up immediately by the fuel company pricing cycles. > > Removing GST totally on fuel might help in the short term. Removing excise > altogether would be the best move, but that will cause a big upswing in fuel > demand which will drive up the prices. Nasty cycle which won't get any > better as demands continue to outstrip supply. > > BTW Shell still has no V-power in Sydney. It's like Shell has decided to > drop high-octane unleaded fuel in favour of other things. No idea what they > would be, but my bet is 'high octane' ethanol blends which will pump up > demand even more because of the lower energy energy output per unit volume > of ethanol-blend fuels (by around 20 to 30 percent). > > Craig. > -- > Craig's Saab C900 Page at * * *| Craig's Classic Saab Workshop - Sydney .auhttp://lios.apana.org.au/~c900|http://www.classicsaab.netand other URL's > Email: *| For Saab 99/C900/9000 Enthusiasts World-Wide! > Alternate: | Web-forums, galleries, library, links, etc. Why not start reducing the impact of higher gasoline, diesel and bio- diesel fuels NOW! Save 13 - 16%+ fuel with "Ultimate ME2" added per fill-up - which also reduces Carbon Monoxide emissions by 33% and NOx/Oxides of Nitrogen/ smog by 44% Now! or "Mach 3 SEFS-HD" for Heavy Duty Diesel applications over 400 HP - saving 9 - 20%+ and with equivalent emissions reductions. Visit www.eyicom.com/healthcheck or www.eepint.com for all details. Contact : for all other product and business details - buy On-line and determine how much you can save with Ultimate ME2 or Mach 3 SEFS-HD. Thanks for listening - Hugh Love - Certified Representative |
#5
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A$2.00 a litre has passed
On Thu, 29 May 2008 20:49:38 +1000, Albm&ctd
> wrote in aus.general: >In article >, says... >> Where is fuel in short supply? >contribute 8% of Australias greenhouse gases. Bit like turning off your >light for an hour by buying a hybrid for some self gratifying wank fest >that does **** all for the planet. Best to get solar hot water systems >and insulation into all homes to lessen the burden on a daily basis for >some real savings in heavy electrical loads. Why don't people understand, >turning off a light bulb saves **** all compared to a hot water system or >air conditioner? While I don't disagree with your sentiments it is not so clear cut as that. Off peak hot water heaters save us a fortune in oil by keeping generating plant running during low demand periods (as does pumping water uphill in the Snowy and Shoalhaven schemes if there is water to pump) Regards Dinsy Tantum religio potuit suadere malorum - Lucretius |
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