Historically low Perth petrol
pump prices (compared to World Oil )due to market war between
Woolworths and Coles. Updated 3 Dec 2004.
My graphic below of daily data shows the radical effect
the national grocery chains have had on Perth petrol retailing. The
Perth petrol market will never be the same again. Of course you can
still pay more for your petrol if you have not got the inclination to
seek a good price but price aware consumers can do much better now, relative
to the world oil price, than they were doing pre-March 2004. Note
how the national grocers have greatly reduced the crazy price cycles (graph by AAA) which
were driven by OilCo predatory market power. The AAA graphic shows
cycles of 10cents but now price cycles
are less than 2 cents. Who would want to have an "Independent Service Station"
now, squeezed between the OilCos and the grocers.
My Osama Index (bright green & brown trends) ( OI ) which indicates with absolute certainty
the rise and fall of OilCo margins has just made a huge increase at end
October sustained through November after being at record low levels during
Federal Election campaign.
Could there have been an understanding to try and keep petrol prices off
the front pages ? At the same time as ULP was relatively
is rising steeply relative to world oil. Fewer voters use
diesel compared to petrol.
Prediction; with summer holidays drawing close and politician's and
media attention elsewhere, margins should stay relatively high. The
early December fall in world oil price will assist Oil Co's to keep
The red line daily AIP (AustInstPetroleum) price
for imported petrol is a classic little fairy story, often in excess
of pump prices; just like their Terminal Gate Prices (TPG) are often up
with pump prices. Interesting that post the election the AIP import price
is comparable with high end Perth pump prices. Another way that the post election
margins jump shows in the numbers. As I have said to Fed parliamentarians,
we need a Commonwealth Fuel Prices Commissioner, or some such office with
teeth to constantly publish updated price data.
Diesel prices have sharply increased in September relative to petrol.
See the AIP web site. Is this a simple case of margin shifting
when attentions are elsewhere ? Like on the 9 Oct Federal election.
You read it first here !!
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