Quite so. Fuel prices in Oz are not high by world standards.
Nonetheless I am still peeved by the blatant manipulation of retail prices and the governments of all flavours that will do nothing about it.
When the subject of price control came up a few years ago an industry representative was interviewed on TV. When asked about the cyclical massaging of prices he deflected by saying that if prices were controlled the customers would be worse off because they would not benefit from buying when prices were down.
The foolish journalist failed to bring up the obvious that we would also fail to be ripped off when prices were high and that the whole point of this price manipulation is to maximise profits which means to extract as much money as possible from the customer for given volume of product over time. The PR droid got away with his waffle and the industry as a whole gets away with manipulating us over a product that is arguably a necessity - at least for now. Bring on efficient electric vehicles and a network of recharging points to service them.
