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Archive for the ‘Petrol Prices’ Category

Fuel Prices - They’re Still Going Up

Tuesday, August 8th, 2006

BP announced today that it would be closing down production at its Alaskan oilfields due to production problems and of course that is going to affect the price of fuel in Australia.

The NRMA is predicting that Australian motorists could be paying up to $1.80 a litre within months.

The closure of the Alaskan fields means that 8% of total US production is now gone and the closure is indefinite. The closure became necessary when BP discovered that much of the pipeline that is used to transport crude oil from the field is damaged and as much as 73% of it will need to be replaced.

Posted in General News, Petrol Prices | 2 Comments »

Petrol Prices Are Begiining to Bite Even in the US

Monday, November 21st, 2005

During the recent hurricanes that hit Florida and New Orleans we saw the price of petrol in the United States finally begin to catch up to what the rest of the world pays for fuel.

Over time those increasing petrol prices are going to affect everyone, including those who live an affluent lifestyle. So it should come as no surprise that the luxury car market is beginning become a little soft although once you’ve experienced true luxury you really don’w ant to give it up if you can avoid it.

So in the US the luxury car market is beginning to see more owners trading their top of the range vehicles like this Hummer for entry level luxury cars.

Luxury Hummer

But even worse may be to come for some buyers who until recently frequented the luxury car market are actually downsizing to cheaper and more affordable non-luxury cars.

I wonder what it’s like to move from a Hummer to a Hyundai Getz?

Posted in General News, Luxury Vehicles, Motoring in the United States, Petrol Prices | No Comments »