this post was submitted on 16 Aug 2023
29 points (96.8% liked)

Australia

3602 readers
75 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 1 year ago
MODERATORS
lodion@aussie.zone
Fluid@aussie.zone
bestusername@aussie.zone
eatham@aussie.zone
29
Motorists are paying more for petrol now than they have all year — and it's likely to stay that way for weeks (www.abc.net.au)
submitted 1 year ago by trk@aussie.zone to c/australia@aussie.zone
14 comments fedilink hide all child comments
 

Why petrol is costing more at the pump

Petrol price cycles in Australia are highly volatile at the best of times, but Vivek Dhar, mining and energy economist at Commonwealth Bank, said there were two main reasons why petrol prices across the country have surged in the past week.

"One has been a tightening of oil markets, and that's driven by one resilient demand, as well as OPEC+ supply cuts, which is a group of countries that control about 40 per cent of global supply," he said.

"That has, for us, been instrumental in driving oil prices higher and tightening oil markets.

"The second factor has been a fall in the Australian dollar ... and as the Australian dollar falls, it makes it more expensive to buy petrol."

Also this seems important:

Those wholesale price movements make up around 85 per cent of what motorists pay at the pump .... while the remaining 15 per cent is from retail price movement.

you are viewing a single comment's thread
view the rest of the comments
[–] LineNoise@kbin.social 4 points 1 year ago (5 children)

Unfortunately commercial charging rates make them much less attractive for anyone without both the space and time to charge them at home or lucky enough to work or otherwise spend extended time at a location with slow charging available.

Rates in Melbourne are now approaching $0.70 per kW/h for fast charging which puts things like the Ioniq 6 at about $10 / 100km and most other EVs a little more. You can run an efficient ICE car for that or close to even at current fuel prices, and spend a hell of a lot less on buying it.

[–] zurohki@aussie.zone 4 points 1 year ago (4 children)

A DC fast charger costs something like $50,000. Fast charging is probably always going to be substantially more expensive than slower charging.

We need more slow charging installed in parking garages and shopping centres.

[–] LineNoise@kbin.social 5 points 1 year ago (3 children)

Slow charging needs to be basically ubiquitous. Even on street parking should provide for it in busier areas. Particularly where on street parking is your only parking at home.

[–] prime_factor@aussie.zone 4 points 1 year ago (1 children)

Just saw the most interesting bodgy setup in Brunswick, with the charging cable ran through the stormwater drain leading to the house.

[–] LineNoise@kbin.social 1 points 1 year ago

Yeah fairly common to see in the inner west now as well. People don’t have a tonne of choice but it’s not particularly safe, either electrically or for pedestrians who may not necessarily be able to navigate over the top of it all.

load more comments (1 replies)
load more comments (1 replies)
load more comments (1 replies)