http://www.crikey.com.au/2008/04/17/gans-where-is-the-petrol-price-data/ now with extra source Sat, 11 Feb 2012 23:09:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2008/04/17/gans-where-is-the-petrol-price-data/#comment-13532 Greg Smith Thu, 01 Jan 1970 10:00:00 +0000 #comment-13532 What a lot of academic drivel. "An econometric analysis". Really? The bottom line is that Fuel Watch is useless. If it worked there would be a cap on prices. Full Stop. Can you imagine the price of bread or milk fluctuating daily? We're all being conned by the fuel companies and there's not a thing we can do about it - apart from boycott petrol. What a lot of academic drivel. “An econometric analysis”. Really? The bottom line is that Fuel Watch is useless. If it worked there would be a cap on prices. Full Stop. Can you imagine the price of bread or milk fluctuating daily? We’re all being conned by the fuel companies and there’s not a thing we can do about it - apart from boycott petrol.

]]> http://www.crikey.com.au/2008/04/17/gans-where-is-the-petrol-price-data/#comment-13533 RJG Thu, 01 Jan 1970 10:00:00 +0000 #comment-13533 Can someone please explain why petrol, which is provided by an industry with huge fixed costs and sunk capital has such high levels of retail price volatility, particularly for a commodity which is not all that difficult to store. I can understand price volatility in the electrical industry at the wholesale level, because this price is not the real market price, but simply the increasing marginal cost of differing fuels as demand increases. Electricity of course can't be economically stored. But this is not the same as petrol. What the hell is going on? Can someone please explain why petrol, which is provided by an industry with huge fixed costs and sunk capital has such high levels of retail price volatility, particularly for a commodity which is not all that difficult to store. I can understand price volatility in the electrical industry at the wholesale level, because this price is not the real market price, but simply the increasing marginal cost of differing fuels as demand increases. Electricity of course can’t be economically stored. But this is not the same as petrol. What the hell is going on?

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