Great news – Petrol price expected to decrease

Liam_Selby

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Great news – Petrol price expected to decrease

The AA has stated that it expects the petrol price to decrease in November.

“Fuel prices have moderated during October, with the prospect of some relief for petrol users, although users of diesel and illuminating paraffin will have to cough up more,” said the AA.
 
The expected changes are:
  • Petrol – set to drop by 16 cents a litre.
  • Diesel and illuminating paraffin – both set to increase by about 30 cents a litre.
.
 
To quote myself:

Cute but wrong, happens only 40% of the time:

http://www.energy.gov.za/files/esources/petroleum/petroleum_arch.html

2014 November to December change for Unleaded Inland 95
R13,16 dropped to R12,47

2013 November to December change for Unleaded Inland 95
R13,02 rose to R13,19

2012 November to December change for Unleaded Inland 95
R12,10 dropped to R12,01

2011 November to December change for Unleaded Inland 95
R10,77 dropped to R10,66

2010 November to December change for Unleaded Inland 95
R8.32 rose to R8.45

2009 November to December change for Unleaded Inland 95
R7.65 rose to R7.92

2008 November to December change for Unleaded Inland 95
R8.96 dropped to R7,35

2007 November to December change for Unleaded Inland 95
R7.04 rose to R7.47

2006 November to December change for Unleaded Inland 95
R5.97 dropped to R5,90

2005 November to December change for Unleaded Inland 95
R5.75 dropped to R5,45
 
Lies. I will shortly post the stats.

He is right, but it has nothing to do with out holidays being in December.

December Europe is in the middle of winter. Gas and Oil demand is highest then and unfortunately with that, oil prices increase, we get raped :D. All depending on supply and demand. Europe uses less, we pay less.
 
He is right, but it has nothing to do with out holidays being in December.

December Europe is in the middle of winter. Gas and Oil demand is highest then and unfortunately with that, oil prices increase, we get raped :D. All depending on supply and demand. Europe uses less, we pay less.

While my stats are a bit old, that wasn't the case in 2015, I'll redo them sometime maybe.

EDIT: And diesel might be different, since that is more likely to be used for heating and such.
 
He is right, but it has nothing to do with out holidays being in December.

December Europe is in the middle of winter. Gas and Oil demand is highest then and unfortunately with that, oil prices increase, we get raped :D. All depending on supply and demand. Europe uses less, we pay less.
He's not right. And if the oil price increased due to increase in demand, we would have had price increases accordingly, which we didn't...
 
^ this

fuel price always goes up over December (because of the holiday)....
Really?

supersunbird said:
New and updated. So since 2005 is has increased less than 50% of the time. Doesn’t sound like usual to me. But yes, one can play around time period and change that %.

http://www.energy.gov.za/files/esources/petroleum/petroleum_arch.html

2017 November to December change for Unleaded Inland 95
R14.05 rose to R14.76

2016 November to December change for Unleaded Inland 95
R12,57 dropped to R12,37

2015 November to December change for Unleaded Inland 95
R12,39 rose to R12.40

2014 November to December change for Unleaded Inland 95
R13,16 dropped to R12,47

2013 November to December change for Unleaded Inland 95
R13,02 rose to R13,19

2012 November to December change for Unleaded Inland 95
R12,10 dropped to R12,01

2011 November to December change for Unleaded Inland 95
R10,77 dropped to R10,66

2010 November to December change for Unleaded Inland 95
R8.32 rose to R8.45

2009 November to December change for Unleaded Inland 95
R7.65 rose to R7.92

2008 November to December change for Unleaded Inland 95
R8.96 dropped to R7,35

2007 November to December change for Unleaded Inland 95
R7.04 rose to R7.47

2006 November to December change for Unleaded Inland 95
R5.97 dropped to R5,90

2005 November to December change for Unleaded Inland 95
R5.75 dropped to R5,45
 
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He's not right. And if the oil price increased due to increase in demand, we would have had price increases accordingly, which we didn't...

Little more complicated than I try and make it sound, but demand and supply regulates the prices. In essence if more barrels are produced than there is a demand for the price decreases to get rid of the excess barrels. If there is a bigger demand than the barrels available, the price increases.

It's normal economics. Didn't think I need to explain it more in depth. Want me to go more into detail for you?
 
Little more complicated than I try and make it sound, but demand and supply regulates the prices. In essence if more barrels are produced than there is a demand for the price decreases to get rid of the excess barrels. If there is a bigger demand than the barrels available, the price increases.

It's normal economics. Didn't think I need to explain it more in depth. Want me to go more into detail for you?

But... I thought it was the ANCs fault? Also: do we move back from Perth now? I are confuse...
 
Seems like food prices will be going up some more. So any "saving" in petrol price is just going into the food prices rising due to diesel going up.
 
Seems like food prices will be going up some more. So any "saving" in petrol price is just going into the food prices rising due to diesel going up.

Dafuq do food prices never come down in line with fuel prices. Serious question.
 
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