Price Hikes

WANDERER · #1 (**permalink**) 07-12-2008, 10:57 PM

Currently petrol in Australia is $1.75 a litre or for 0.26 gallons ($6.73 a gallon..now doesn't that cheer you up?).

In the news CSIRO (reputable science organisation) has predicted that it will rise in ten years to $8 for 0.26 gallons (a litre).

Get ready for $8-a-litre petrol | NEWS.com.au

Ugh.

Listener · #2 (**permalink**) 07-13-2008, 04:53 AM

Yes, indeed. But those type of price rises will be worldwide.

In Australia, it is hitting hard, largely due to the huge distances. (Driving 6 hours one day to see a family member, then doing the return trip the next day is not that unusual.)

I think horses would be cheaper...but businesses don't provide hitching rails anymore.

VisionOfLehi · #3 (**permalink**) 07-13-2008, 05:31 AM

People in the UK (or whatever it's called... I'm sorry, but I can't keep the whole Britain and UK thing completely straight

) are already paying 8 or so.

WANDERER · #4 (**permalink**) 07-13-2008, 06:12 AM

Having problems working out how to convert 119.5 p (pence) per litre is 1.195 pounds..current UK price of petrol. I'm getting $2.45 a litre...

ah you mean they are currently paying over $8 a gallon as opposed to $6.73....

=okay a lot more painful. I didn't release the mining boom and the subsequent higher dollar was shielding us so much. Guess there might be a whiplash effect when both of them go down.

Listener I drove 24 hours ONE WAY to visit family who lived in the same state..four times a year. I was out in the sticks at the time. It's going to be very isolating....where I lived it was a 6 hour drive to a supermarket, chemist, pizza *sigh*, cinema or hairdresser (it had a corner store, medical, petrol, school ...basics). You needed a car...to carry the shopping home and supplies for until you can next leave town...and my car was packed to overflowing every trip. Glad I'm back in a city. A scenario of $20.20 a gallon is going to hurt.