We won't be around when that happens Milo so no need to worry.

There are economic projections around that have petrol at $8 a litre by the end of this decade!

In the past the predictions of the future cost of fuel were driven by the belief that oil was scarce, since we now understand that this is not true with the huge discoveries of readily accessible oil in recent times, it now appears to be regarded as a strategic driver to reduce the overall use of fossil fuels.

Given that these things are often just scare mongering, I would not expect it to come true. BUT, I would expect that we will see significant increases in the next two years while OPEC take advantage of their current almost monopoly.

Do not be surprised to see fuel go past $2 in the next 12 months.

 

Hi all well most of us would remember the decimal change over we were paying less then 10 cpl. and very quickly we were paying 13 cpl.

Common old wages were a $ioo for good week now $1000 fuel roughly pre last week 1.50 cpl.

Yep don't need to be rocket science est or what ever. It will reach $10.00 one day but not soon, I hope. 

 

The future is NOW.I am paying $1.90 a liter on Magnetic island right now, and its $1.55 on the mainland.$10 a liter, anything is possible. Bill

bill12 wrote:

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The future is NOW.I am paying $1.90 a liter on Magnetic island right now, and its $1.55 on the mainland.$10 a liter, anything is possible. Bill

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 It's almost worth doing the trip across on the ferry carrying a couple of jerry cans Bill.. lol

We were up there last month Bill and spent a day on the island. We decided to walk from the ferry terminal across to Horseshoe Bay, with the 4 and a bit K detour to have a look at the old gun emplacement on the way. I was a bit knackered by the time we reached the pub at Horseshoe, but all was good when I found out they had James Squires on tap. On the walk up to the gun emplacement a group of Dutch tourists stopped us to point out a Koala perched in a tree. They were so thrilled to see one in the wild. But I thought I'd better put them straight, and explained to them that it may actually be a very similar looking animal called a "drop bear". These should be avoided at all costs as they had very nasty habit of dropping down onto unsuspecting passers by and savagely attacking them. Once we reached the lookout at the top of the forts/gun emplacement a woman there said I was very mean to be teasing them like that... But she agreed, it was priceless to see the look on their faces as they listened to my advice.