Last night I drove to my local Maccas to get some frozen coke. It was a Thursday evening. The price on my way to McDonalds was $1.05 per litre at the local 7 eleven, and Mobil stations. I bought my frozen coke, and on my return (about 8 minutes later), the price had jumped to $1.15 at both of the petrol stations.
Interestingly, I am reading this article on CNN’s Money.com website which states that the price of crude oil has fallen to an all time low this year: $44.80USD a barrel. Compare this to $147 in mid July when petrol prices were nudging $1.70 a litre.
So the price of crude oil per barrel has fallen more than $100USD over 5 months, yet the per litre price has only fallen 0.55-0.65. What’s with all the greed? How can the price of petrol just be jacked up over a course of a quick visit to Maccas (once again, it took 8 minutes). This is just crazy!
Sure enough they just want to milk motorists pre-weekend. When will this blatant rip off end?
ADDIT (6/12/08-3.43pm)
Latest news: Oil drops below $41USD: Read this Money.com article. The price of petrol at my local Mobile station is about $1.12 per litre.
