Gas Week

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Archive for the ‘Petrol’ Category

Shopper dockets a possible test case for the government’s controversial new predatory pricing laws: ACCC needs to issue guidelines

Posted by gasweek on 10 October, 2007

Shopper docket critics said the number of independents forced out of the market demonstrates purpose. And the 4c a litre reduction, often larger, could mean petrol being sold below cost.

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Posted in Australia, Petrol, Policy, Regulation, Volume 2603 | Leave a Comment »

Why Brisbane gas prices are low: Wood Mackenzie explains

Posted by gasweek on 9 October, 2007

A report prepared for the Owen Inquiry by Wood Mackenzie Wood explained why gas prices in NSW and South Australia were higher than the gas prices in Melbourne and Brisbane. Mackenzie’s gas price outlook was based on an assumption that rational economic investment decisions would be made based on cost and price.

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Posted in Gas, NSW, Owen Review, Petrol, Price, Queensland, SA, Victoria, Volume 2603 | Leave a Comment »

Ethanol-blended petrol on sale in Tas for first time: LRP to be phased-out

Posted by gasweek on 3 October, 2007

Ethanol-blended petrol went on sale in Tasmanian service stations for the first time in late July, reported The Mercury (28/7/2007, p.5).

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Posted in Australia, Ethanol, Petrol, Tasmania, Volume 2602 | Leave a Comment »

High Court rejects BP’s distinctive green (Pantone 348C) as a trademark

Posted by gasweek on 26 September, 2007

The High Court rejected the petrol giant BP Green’s 16-year battle to register its distinctive green – known as Pantone 348C – as a trademark. Companies that have successfully registered a colour include; • Commonwealth Bank of Australia for its trademark yellow and black;

• Kraft for the silver on its cheese packaging; and

• Tiffany & Co for the distinctive blue on its jewellery boxes. Read the rest of this entry »

Posted in Law, oil, Petrol, Volume 2601 | Leave a Comment »

Burmese protests began after sudden fuel-price rises: now a mass movement against military repression and economic hardship

Posted by gasweek on 26 September, 2007

At least three monks were killed in clashes with Burmese security forces who cracked down on anti­-government protests in Rangoon, reported The Daily Telegraph (27/9/2007, p.27). Read the rest of this entry »

Posted in Burma, Defense, International, Petrol, Policy, Security, Volume 2601 | Leave a Comment »

Israel and US at war with Syria and Iran: mystery explosion at Syrian military installation near Aleppo followed by 6 September F-15Is bomber attack

Posted by gasweek on 26 September, 2007

The Syria installation where the July 26 explosion occurred is in the same general area as the alSafir site where the Israeli air attack was carried out on September 6 but there has thus far not been any indication of a connection between the two events. Jane’s Defence Weekly, a respected British journal, reported an explosion in a Syrian military installation near Aleppo on July 26 killed 15 Syrian soldiers and dozens of Iranian weapons engineers. Read the rest of this entry »

Posted in Defense, Israel, Middle East, oil, Petrol, Policy, Security, Volume 2601 | Leave a Comment »

BHP Billiton $US3.014b: on gas US3.33; oil ,$US63.87 / barrel (up from $US61.90) and LPG (up from $US483.74 a tonne) to $US529.96 a tonne

Posted by gasweek on 21 September, 2007

A breakdown of Broken Hill Proprietary Company (BHP) Billiton results indicated it was highly unlikely the group would spin off its petroleum operations, a prospect frequently mentioned as a means of creating further value in the diversified resources group, in the near term, reported The Australian(23/8/07, p. 20).

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Posted in Australia, Gas, Petrol, Volume 2520 | Leave a Comment »

BP Australia to terminate its supply agreement with Balllina Petroleum

Posted by gasweek on 20 September, 2007

BP has severed ties with a North Coast petrol company after its investigations found sub-standard fuel was being sold as the premium Product, reported The Daily Telegraph (10/7/2007, p. 7).

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Posted in Liquids, NSW, Petrol, Volume 2520 | Leave a Comment »

$10 per week to fuel scooter, compared with an adult weekly zone 1 Metcard at $27.60

Posted by gasweek on 20 September, 2007

Motor scooter sales are soaring, with Victorian Automobile Chamber of Commerce figures showing a 40 per cent rise in sales in the year to June compared with the same time last year reported The Age (18/7/2007, p. 3).

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Posted in Petrol, Price, Victoria, Volume 2520 | Leave a Comment »

Aus petrol prices at mercy of Singapore wholesale market, not Malaysian Tapis; no industry collusion, claims Institute of Petroleum

Posted by gasweek on 20 September, 2007

The oil industry’s peak body, the Australian Institute of Petroleum, claimed that Australian wholesale petrol prices were at the mercy of the Singapore wholesale market, not the Malaysian Tapis, reported The Sydney Morning Herald (4/9/2007, p.5).

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Posted in Australia, Petrol, Price, Volume 2520 | Leave a Comment »

‘Lo and behold’: ACCC inquiry announcement leads to sudden fall in petrol pricing, says NRMA

Posted by gasweek on 20 September, 2007

Brandishing a graph comparing the price of petrol at the bowser to international crude prices over the past eight months, the NRMA’s motoring and services president, Alan Evans, said that the analysis proved “beyond any shadow of a doubt” that before the Treasurer, Peter Costello, announced an inquiry into petrol pricing in June, motorists were being ripped off be millions of dollars, reported The Sydney Morning Herald (4/9/2007, p.5).

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Posted in Australia, Petrol, Volume 2520 | 3 Comments »

Fed Govt prefers voluntary fuel efficiency targets to mandatory CO2 emission standards for motor vehicles

Posted by gasweek on 18 September, 2007

Federal Minister for the Environment and Water Resources Malcolm Turnbull, responding to written questions by Labor MP John Murphy, said in the Federal House of Representatives on 11 September 2007 that the government had not set carbon dioxide emission standards for motor vehicles, whether imported to Australia or made locally, but relied on a voluntary national average fuel consumption target.

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Posted in Federal, Fuel, Greenhouse Trades, Liquids, Petrol, Policy, Regulation, Volume 2520 | Leave a Comment »

Secret ingredient in tank fuel-pill – mothballs – raises $10m to $100m from 1200 investors for naphthalene additive

Posted by gasweek on 15 September, 2007

Investigations by the Herald have led to three inquiries into Firepower, which is estimated to have raised between $10 million and $100 million from about 1200 investors, including many sports stars. Now independent university test carried out for theThe Sydney Morning Herald reveal what goes into the Firepower Pill. One of the secret ingredients in a fuel pill that has helped underpin multi-million-dollar sponsorships in three sporting codes was revealed – and it’s the same compound used in mothballs, reported The Sydney Morning Herald (8/8/2007, p. 1).
Firepower Cartoon
Firepower a sponsor of major sporting codes: The pills, which promise to improve fuel consumption and reduce harmful emissions when added to a tank of fuel, are marketed by Firepower, sponsor of the Sydney Kings basketball team, the South Sydney Rabbitohs rugby league team and the Western Force rugby union team in Perth.

Naphthalene compound the main ingredient: One of the main ingredients in the Western Force-branded pill is a naphthalene compound, a toxin with the familiar smell once found in sock drawers. Naphthalene mothballs have been used in car enthusiasts as a homemade octane booster for decades.

The Sydney Morning Herald, 8/8/2007, p. 1

Posted in Cartoon, Fuel, Petrol, Uncategorized, Volume 2520 | Leave a Comment »