How come its cheaper on Wednesdays?
I normally fill up on that day because its cheaper but have never really thought about why?
Anyone have an idea??
It's a different day in every state.
Im not sure but I think it is because every other day is more expensive.
It used to be cheap Tuesday in NSW but that seems to have gone now. Fuel is now expensive everyday. Its probably a marketing tool to get people buying fuel on would otherwise be a slow day, like the day before payday for public servants and Centrelink clients.
Is it actually cheaper on Wednesdays?
Meh, either way. I just jump onto fuelwatch.wa.gov.au before I go to fill up.
It's astonishing how much price difference there is around Perth.
Even on the "cheap" days fuel is not cheap. On these days the fuel companies are still making a good profit margin. The other days are the cream on the cake. We are being manipulated by the marketing moguls.
Lack of competition, too few significant players in the market. They constantly change the price so you never know whats high and whats low. Costs are not changing, some old hole in the ground, same old refinery and same old wages. The price of milk dosn't change because its a different day of the week. Its a failure of the market and a failure of capitalisam. Thats why we need regulations to protect markets and capitalisam from the corporated and right wing's twisted free market ideologies.
Most of the time it is put up on Thurs as that is payday for all Govt employees and Centrelink. Then Fri stays up as people tend to fill up then to go away on weekend etc.
It is very deliberate analysis of when they sell most fuel and then making those couple of days 10c/L more expensive.
W^nkers.
10K and you can have my patrol :):):) Petrol/Gas
Prices are spiralling out of control Reserve Bank raises interest rates businesses raise prices to maintain margins Reserve Bank raises rates again, economic RSI how much can we all take before meltdown occurs. A two speed economy ,here is an idea let West Aust succede from the rest of Australia then they can get on with higher rates whilst we on the eastern seaboard can have lower rates to match our economy ?
There are some insulting radio adverts running at the moment by the Australian Business Alliance group( tobacco industry) suggesting that because of plain packaging that will be brought into legislation will cause 14 year olds to smoke illegally grown tobacco and that it will be dangerous for them,so smoking tobacco from colourfull package is ok, since when has the Tobacco Industry developed a social conscience,?
i like people that will drive a few extra kms just to save a couple of cents say its saveing 10c in 60l tanks thats 6bucks .. but how manu ppl buy a 20dollar pack of smokes a day and a few beers at the pub arter work at 4 bucks each.. y does every one complain about fuel?
I work for a major oil company and I had the weekly retail price cycle explained to me a few months back by one of the big guys (it didnt make much sense).
Basically, starting from the upper point of the cycle each fuel company will drop their prices a little each day to try and be cheaper than each other (remember that you can only change prices once per day - this is a factor). These daily price drops go on until the fuel stations are selling the fuel for about 2c/l more than they can buy it for. This is apparently the break even point for the servos. This was the confusing bit - each company then hikes the price up by 10-12c, kind of safe in the knowledge that all the other companies will also do the same. Apparently if you get this wrong and do it a day early then you get raped by the market. After this, the prices slowly drop again and the cycle repeats.
I was told that this cycle (it has a name but i cant remember) is apparently a sign that the market is very competitive - but i think it is just profiteering.
I think places like 7/11 fuel servos don't really follow this cycle - thats where you should fuel up if you want to help break the cycle.
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