The newly appointed petrol commission agency called today for consumers to boycott Coles Express when buying petrol. They claim that Coles Express are leading the pack when it comes to higher petrol prices.
The fact is, consumers shouldn't be spending this amount of money on petrol while the petrol companies heap a large profit. I paid $1.45 for petrol today, the highest I have ever paid for petrol before in my life time! Yes it was from Coles Express too. This was before I saw the news today though.
It is quite fair to say that the main driver of high petrol prices has been due to the rising cost of oil as a result of the ever increasing lack of supply. The monopolisation of the petrol market by Woolworths and Coles defiantly is another major contributing factor. They are stamping out the competion. I believe that Coles and Woolworths should have never been allowed to enter the petroleum business in the first place. They already rip us off at the checkout.
Eventually, there will come a day, perhaps 20 years or so now when the world runs out of oil. Yes, this means that we will continue to see the rapid rise in petrol prices. What are we going to do when we run out of oil? Will all the cars in the world be useless? I think it's time that the Government pushes and starts promoting alternatives to petrol such as gas powered and electric cars. Even hydrogen, although hydrogen powered cars are quite pricey ($1 million for BMW's 7 Series hydrogen vehicle). These are pressing questions and issues which need to be addressed if we are to adequetly prepare ourselves for the future.
The fact is, consumers shouldn't be spending this amount of money on petrol while the petrol companies heap a large profit. I paid $1.45 for petrol today, the highest I have ever paid for petrol before in my life time! Yes it was from Coles Express too. This was before I saw the news today though.
It is quite fair to say that the main driver of high petrol prices has been due to the rising cost of oil as a result of the ever increasing lack of supply. The monopolisation of the petrol market by Woolworths and Coles defiantly is another major contributing factor. They are stamping out the competion. I believe that Coles and Woolworths should have never been allowed to enter the petroleum business in the first place. They already rip us off at the checkout.
Eventually, there will come a day, perhaps 20 years or so now when the world runs out of oil. Yes, this means that we will continue to see the rapid rise in petrol prices. What are we going to do when we run out of oil? Will all the cars in the world be useless? I think it's time that the Government pushes and starts promoting alternatives to petrol such as gas powered and electric cars. Even hydrogen, although hydrogen powered cars are quite pricey ($1 million for BMW's 7 Series hydrogen vehicle). These are pressing questions and issues which need to be addressed if we are to adequetly prepare ourselves for the future.
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