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30-04-2006, 10:22 AM | #1 | ||
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http://www.news.com.au/story/0,10117...86-421,00.html
April 30, 2006 FAMILIES will spend an extra $1500 on petrol this year compared to 2005 because of soaring fuel prices. NRMA president Alan Evans said higher petrol prices meant the cost of groceries had also risen four per cent because of higher transport costs. "It won't stop there," Mr Evans said. "If interest rates rise, there'll be another $600 on top of that. "So the average family will have to find at least $2000 this year." Petroleum consultant Kevin Hughes said that if the US imposed sanctions on Iran, the price of fuel would skyrocket. "It would take the price to $1.70 a litre, and it could go a lot higher, to $2 or $3 a litre," Mr Hughes said. He declined to speculate on when petrol prices would peak. Experts warn that high fuel prices will become the norm, and that families should factor a bigger petrol bill into their weekly budgets. Service Station Association chief executive Ron Bowden said high fuel prices were here to stay. "These prices are going to be with us for at least the next five years," Mr Bowden said. "It's important families realise that, and build it into their budgets." Mr Evans said rising fuel prices had caused a ripple effect, increasing the cost of goods and services. "The ripple effect is huge, because petrol occupies such a central part of our economy," he said. Soaring petrol prices have already impacted on tourism, with families cancelling holidays. The high cost of transportation had led to a four per cent price rise for goods, Mr Evans said. With an interest-rate rise on the cards as early as this week, family budgets are under further strain. High fuel prices have already resulted in increased airline surcharges, and the cost of some food has risen. Commonwealth Securities chief economist Craig James said the global economy was "on a knife edge". Mr James said instability in Iran, Iraq and Nigeria could result in oil prices reaching $80 a barrel. "If we had another $8 rise in the price of crude oil, we would see another 8c at the petrol pumps. "Clearly, people in Sydney and Melbourne would be staring down something in the order of $1.50 a litre for fuel." Record petrol prices, coupled with fears of an interest-rate hike, are having an enormous impact on motorists such as mother of six Fiona Zielinski, who has had to sell the family's Volvo station wagon. "Running two cars, we're spending at least $800 a month on fuel," said Ms Zielinski, who plans to downsize to a smaller vehicle with a diesel engine. The family's eight-seater Volkswagen, which costs $120 a week to fill, is used to ferry her six daughters to school, ballet and sport. Air travellers will be hit with a $5 rise in fuel surcharge to $23, announced by Qantas last week. |
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30-04-2006, 10:24 AM | #2 | |||
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And thats for the average family. How do you think I feel running on 98ron doing 200kays 4-5 times a week just to get to work and back. A full tank gets me to work 2 1/2 times.
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30-04-2006, 09:53 PM | #3 | |||
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dito dito i no exactly how u feel... |
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30-04-2006, 06:07 PM | #4 | ||
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a full tank gets me to work for 4 days... it's a joke i'll have more money in my pocket being on the dole soon... at least then i will use 1/4 the amount of petrol not having to drive anywhere
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30-04-2006, 10:11 PM | #5 | |||
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A) Getting a cheaper car. B) Moving closer to work. C) Gaining employment closer to your home. With that attitude you may aswell be on the dole mate.
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30-04-2006, 10:34 PM | #6 | |||
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a) not qualified for a closer/better job. Which leaves you on Austudy unable to pay bills for many years. Not feasable if 1) there is a mortgage b) any debt c) have children. b) cheaper to run cars are gererally newer cars. Which are unobtainable for someone strapped for cash. c) Moving close to work = dearer mortgage or expensive rent. Which leaves someone out of their depth. Adjust your narrow minded opinions. I'm doing exactly the oppostite with my work. I've just given up a position with my employer thats 5mins from my house. Why as the roster means my children will need full time childcare. Whats that mean? I means I'll be spending 1/3rd of my wage on childcare which I refuse to do. I'm moving to a position 40 mins from my home with the same employer but are going night shift. Why? I will only need childcare 1 day per week. Yes my fuel bill will be dearer but not as dear as 5 days childcare per week. There are people like yourself in politics and it's no wonder they have no idea how it works in the real world. Not everyone is single and has no debt. One thing I am good at is crunching the number when it comes to the cost of living. Especially my own. I would never work close to home if it means I'll be financially deprived.
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30-04-2006, 10:10 PM | #7 | ||
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Yeh yeh, the cost of living goes up big deal, work harder and make more money is my moto..
Flame suit on, but im a true believer in the fact that you get what you put in, if your not earning enough income to live comfortibly then either gain a new skill and further your education so you are worth more money, or get another job that pays better. We can all whinge forever about the cost of petrol and every other cost as they go up, but they will never come back down, its called inflation, live with it.
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30-04-2006, 10:23 PM | #8 | |||
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DAILY DRIVER/TRACK CAR BUILD NUMBER 006 299.5 rwkw's 12.74 @108mph ON MT's ON MAXXIS MAV1's 275/45/17 13.27 @ 106mph
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30-04-2006, 10:27 PM | #9 | |||
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No point in crying over spilt milk my friend, and sadly my purchasing power has very little to do with the Australian dollar, the price of crude oil, or inflation itself.
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30-04-2006, 10:37 PM | #10 | |||
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In your Brave New World where would you place carers? I'm sure that you'd be aware of the billions (yes billions) of tax payers dollars that are saved each year by extraordinary people who sacrifice their own comfort and well being in order to care for family and non-family members who are handicapped or otherwise unable to care for themselves. Should these undervalued and underpaid people dump the hundreds of thousands of recipients into the public welfare system and pop off and get a job so that they can actually afford higher fuel costs? Of course that means that a few of the comforts that you enjoy will have to have the funding reduced, but I guess that you could get a better job and pay for your own infrastructure. I love it when a plan comes together.... |
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30-04-2006, 11:00 PM | #11 | |||
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30-04-2006, 11:02 PM | #12 | |||
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I am a big fan of Australian made and Australian owned companys, but thats not the point here.
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01-05-2006, 10:54 AM | #13 | |||
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By any chance, was your brain disengaged when you wrote that dribble???? |
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30-04-2006, 10:32 PM | #14 | |||
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There a two major factors around fuel that p1ss everyone off; Firstly, Oil Co's provide no clarity around an industry which clearly breaches US Antitrust Laws (not to mention Australian TPA) and the other being the Government via the taxes that we all pay (even though it's a %). How well do you think an apprentice gets paid? How well do you think a disabled person making letterboxes gets paid? How much can a single mother with 3 kids spend on fuel? Are you happy that an Oil Co dictates what you pay for your fruit & veg? Feel free to sit back and take it up the a$$, I for one will continue to take advantage of discount offers from servo's to make my dollar go further and will make my vote count come election time as I'm sure most of society will too. |
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30-04-2006, 10:39 PM | #15 | |||
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Mate I care about what things cost, but at the end of the day what can anyone achieve by crying about it? People have to learn that things have to go up as time goes on, Petrol has increased at an extremely quick rate but what can you do about it? Ever seen it go down in price? If people cannot afford to put petrol in their cars then maybe they should go back to public transport, if you look back 20 or 30 years people did it just as tough with petrol prices at 2 cents a litre, personally I think we are all spoilt today and take things for granted. As for your vote counting good luck, don't see how Labour is going to revert the price of petrol if they get in at the next election, which they won't!
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30-04-2006, 10:47 PM | #16 | ||||
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A perfect example if my own situation 12 or so years ago. I used to catch public transport from near my home. Getting to work used to take 2.5 hours. In a car thats .5 hour max. I used to have to catch a train that passed the station I wanted to get off at (Huntingdale). I used to have to get off @ Oakleigh and catch a train back to Huntingdale. Which used to cost me an extra $12 to do. As Oakleigh = zone one 1 where I would have only needed to use zone 2 and 3 if public transport was adequate. It used to cost me $54 for a week of train travel. I bought a car and it cost me $30pw. I also got to work in .5 of an hour not 2.5 hours. Public transport isn't the answer to all transport problems. It goes well beyond that. Quote:
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30-04-2006, 11:15 PM | #17 | |||
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What about families who already have both partners working Full Time and are strugling by the time they feed their family and pay school fees and a mortgage etc and have no time to go and learn the new skill that you say? Soon as they cut down on their current jobs, well the bills dont cut down for them. Even if they did or could make time it may or may not land them a better job or better wage; no guarentee. If it did would we be all Doctors and anyone but should starve? Or should they go and move closer to work like you say and pay sales fees, stamp duty furniture removal costs and bridging finance and end up another 20 grand down the toilet? |
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30-04-2006, 11:19 PM | #18 | |||
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Very few australian families bother to calculate their income verse outgoings, its just a matter of balancing the scales, if petrol goes up, then something else has to come down. Fair enough there are plenty of battlers out there who really have trouble with their finances, theres not much i can say about these people. But reality is, Petrol prices are at $1.40, do we all give up and die, or do we push on? Everyone has choices mate.
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30-04-2006, 11:40 PM | #19 | |||
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When Petrol goes up everything goes up. Forget intrest rates; Petrol is the interest rate. Budgeting for extra costs in petrol is very hard for families. Budgeting for all groceries, courier, postage, public transport costs amongst many other things is near impossible. I am resonable well off but at no stage will I ever become ignorant to strugling families that work hard and still strugle. |
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01-05-2006, 09:48 AM | #20 | ||||
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30-04-2006, 10:11 PM | #21 | ||
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600k's a week at 17.5l/100km using Optimax Extreme at $1.52/Litre ~ $160/week.
GT-P Payments = $160/week Running Costs = $100/week Total = $420/week To clear $420/week, I need to earn $551.00 every week (assuming that is from the least taxed part of my salary) Fuel prices suck and the worst thing is that there is no clarity surrounding them. Anyone want to swap a Focus?? |
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30-04-2006, 10:36 PM | #22 | ||
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brenx, re moving, you forgot stamp duty, estab fee's & relocation costs too.
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30-04-2006, 10:40 PM | #23 | ||
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In my next life i want to be a Politician,so i don't have to pay for my own petrol in my tax-payer funded V8 limo!
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30-04-2006, 10:40 PM | #24 | |||
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30-04-2006, 10:46 PM | #25 | ||
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You have Valid Points Brenx, but dont assume things.
I am 20 years old with a mortgage, a leased motor vehicle and trying to do a Degree, the only thing my parents have given me so far was a private highschool education and my first year at uni. At the end of the day I dont have much money left after my bills are paid, i work 7 days a week between work and doing my commerce degree. For me increasing fuel prices are a part of life which there is no way passed, if they really bothered me id be driving a 4 cylinder that cost me $2,000. Different people put things into different perspectives, but I seroiusly dont see where whinging about something that we have little control over will get us. As for those people who can't afford petrol then im sorry for them, but then again some of these people smoke and drink alcohol where as I don't.
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30-04-2006, 10:53 PM | #26 | |||
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You'll pick it up as you go along.... |
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30-04-2006, 10:54 PM | #27 | |||
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30-04-2006, 11:03 PM | #28 | |||
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Peace. |
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30-04-2006, 11:02 PM | #29 | ||
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Who said Labour? Personally, they have a lot to work on before I'll consider them.
As for my vote, if no-one complained, there would be no election topics/promises. Without forcing the Govt to make commitments change will never be effected. We are now a relatively debt free country with a massive household debt because debt was pulled from one bucket & put into another (our back pocket). For mine, fair compensation lies in tax breaks, better health care, better education, less tax on oil or even the by the forcing of Oil Co's to compete honestly for Australia's business. You will learn that the squeaky wheel get’s the oil in life. No pun intended. Re Public Transport – have a deeper think. Re Uni, no need to thank me for part-funding it for you, it’s just another tax. |
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30-04-2006, 11:04 PM | #30 | |||
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You have the right idea with respect to tax and the countries debt!
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