View Single Post
  #7  
Old February 22, 2025, 02:52 AM
Dien Rice Dien Rice is offline
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 3,457
Default Australia exports petroleum... but you'd be shocked at the price of gasoline!

Hi Glenn,

Wow, you really think ahead with your fuel buying… That's smart!

Though many people can't - or won't - do it!

As for Australia… Australia is a petroleum exporter, so you'd think gasoline would be cheap!

But you'd be surprised…

Why?

It's because we have a huge government tax on gasoline here in Australia…

I just looked it up, and I'd say that right now, the average price is $1.97 Australian dollars per liter…

That converts to about $4.72 US dollars per gallon for gas…

It turns out that about $1.22 US dollars of that is government tax… Then a 10% sales tax is added (which is incorporated into the price here)... So the sales tax is around 43 US cents…

Therefore, in total, out of the $4.72 US dollars per gallon, about $1.65 US dollars per gallon is tax - or around 35% tax!

In contrast, I read in the US, federal tax on gasoline is around 18.4 cents per gallon - compared to $1.65 US dollars per gallon in Australia!

If Australian tax on gasoline was the same as in the USA, gas per gallon would cost more like $3.25 US dollars per gallon before sales tax - or $3.57 after you add the sales tax...

The HUGE tax on gasoline is such a money-spinner for the government in Australia, that my state (Victoria) levies an extra tax specially for electric vehicles - to compensate for the money the government's losing on electric vehicles, due to lower sales of gasoline!

So there you go…

Best wishes!

Dien


Quote:
Originally Posted by Glenn View Post
Thanks Dien,

2 Years ago I paid 3.00 a Gallon for Fuel Oil for my Furnace.

I Just paid 3.89 for 167 gallons. 650 bucks.

AND was Happy.

Trump just hit Canada with 25% Tarriffs.

Most of USA Oil is Not Right for use as Fuel Oil.

Meaning.

Canadian Fuel Oil will have a MASSIVE IMPACT on Prices for The Next few Years.

I Jumped to ORDER Now.

Even Though - for the past 10 Years I always waited for SUMMER.
Because The Price Always DROPS by a lot.

NOT THIS TIME.

Thanks,
Glenn

My Neighbors Here in Maryland ALREADY pay THOUSANDS. in Electric Bills.
Mine is 35.00 a month.

NEXT I Figured out a Way to TURN OFF my Furnace.

Still Stay Warm as a Bug.

#1 - I put Thermostat PLUGS in all 3 Bathrooms. To turn a tiny Heater on
when the Temp Gets To 32 Degrees Ferienheit

#2 - I Closed The Doors to Family room, Dining Room, Kitchen area
Where I Burn Wood in The Fireplace. And Cook INSIDE The Fireplace. With a Little Rocket Stove for Camping.

Sounds EXTREME.

But I live way out in The Boondocks. And We Lose Power
Every Week. For an hour or two. Every 60 Days for a WEEK. Every 90 Days
A Tree or a Car Takes a Pole down. 8 to 10 days with No Power.

No Heat -
No Electricity.
No Light.
No Furnace.
No Electric Stove.

#3 - Use No-Moving Parts Dirt Cheap Heat Boards to Heat that one Area.
__________________
Reply With Quote