predictions of petrol price at $2.00
- Thread starter karina
- Start date
who has spec Australian Energy Stocks 
ta
rolf
ta
rolf
Interest rates will be the least of our worries.
Food (and pretty much anything physical that we buy) will be more expensive. The key is whether people expect petrol to stay high and alter their lives accordingly. People on lower incomes who live far from public transport (which is a big chunk of Sydney) will be hit much harder. They'll shop less, go out less, consume less. If consumption drops sufficiently, businesses will start laying off staff.
It won't be pretty. Even at current prices it must be seriously hitting people who drive to and from work, for example. I'm surprised it hasn't had a bigger impact on consumption by now.
Alex
Food (and pretty much anything physical that we buy) will be more expensive. The key is whether people expect petrol to stay high and alter their lives accordingly. People on lower incomes who live far from public transport (which is a big chunk of Sydney) will be hit much harder. They'll shop less, go out less, consume less. If consumption drops sufficiently, businesses will start laying off staff.
It won't be pretty. Even at current prices it must be seriously hitting people who drive to and from work, for example. I'm surprised it hasn't had a bigger impact on consumption by now.
Alex
who has spec Australian Energy Stocks
ta
rolf
HG.......He's such a specufestor.
how high ???
How high petrol will ultimately go is very, very complex. But $2.00 plus per litre is an absolute given at this stage. I think diesel will see $2.00 within weeks.
LL
How high petrol will ultimately go is very, very complex. But $2.00 plus per litre is an absolute given at this stage. I think diesel will see $2.00 within weeks.
LL
As often seems to be the case recently, John Mauldin's latest newsletter is relevant and worth a read.
GP
GP
If you look at the last CPI report, you'll see that energy and food went up through the roof.
But wages can only pay so much, which is why rent increased less than the CPI average and went down in real terms. That's the future. People need to eat and get to work.
What's left over they can spend on fancy place to sleep and watch fancier TVs.
What's another thing that gets hit when times are tough? People being willing to take out monstrous loans that require decades of high wages to repay and buy houses - which are extremely expensive by any measure.
But wages can only pay so much, which is why rent increased less than the CPI average and went down in real terms. That's the future. People need to eat and get to work.
What's left over they can spend on fancy place to sleep and watch fancier TVs.
What's another thing that gets hit when times are tough? People being willing to take out monstrous loans that require decades of high wages to repay and buy houses - which are extremely expensive by any measure.
Just an observation.
Over the last 4 weeks I have been working within 2 blocks of a busy railway station and cars have started to park everywhere. They have spread out further than I have ever observed them before.
Then casually noting the same trend at all stations that I go past.
This would certainly indicate that there are more people now parking and taking public transport.
Then there is the report from the minister of transport that railway ticket machine were not keeping up with the demand for tickets from rail traveler's.
All would indicate that people are seeking alternatives to the costs associated with car travel.
Mind you went out for a bit of a drive over to Breakfast point from Sutherland (via Town - don't ask) on Saturday and there was just traffic everywhere, both driving to town out of town and across town like it was peak hour travel none stop. Very strange!!!
Cheers
Over the last 4 weeks I have been working within 2 blocks of a busy railway station and cars have started to park everywhere. They have spread out further than I have ever observed them before.
Then casually noting the same trend at all stations that I go past.
This would certainly indicate that there are more people now parking and taking public transport.
Then there is the report from the minister of transport that railway ticket machine were not keeping up with the demand for tickets from rail traveler's.
All would indicate that people are seeking alternatives to the costs associated with car travel.
Mind you went out for a bit of a drive over to Breakfast point from Sutherland (via Town - don't ask
) on Saturday and there was just traffic everywhere, both driving to town out of town and across town like it was peak hour travel none stop. Very strange!!!Cheers
I'd like to know whether this has had an impact on people driving around looking for IP's. I don't drive around as much as I used to as it's getting too expensive. Google maps is good, but it's just not the same thing as seeing the property real life. It ain't easy feeding a V8, so less driving around for me. I tow a boat, so no room for a 4 cylinder in the garage.
Also, how do people think increased petrol prices, food and other items in general going up will impact property prices? Is an another increase rate just around the corner?
Also, how do people think increased petrol prices, food and other items in general going up will impact property prices? Is an another increase rate just around the corner?
It does not take a genius to work this out, but how about our employees start letting people work from home?!? Oh no I hurt some brain cells.
Seriously, if more and more people can start to work from home, use video link phones for clients and meetings then:
1. The petrol companies could take a hike as we would only need to drive for pleasure and recreation
2. Our planet would breath a lot easier
3. Less accidents on the roads and less peak hour traffic
Sure some jobs require you to be present on site (myself included I work as a desktop support officer) but even my job can be made virtual via the phone and the web.
The ogvernment spends billions of dollars on transport and roads, how about starting to make people work from home??
Seriously, if more and more people can start to work from home, use video link phones for clients and meetings then:
1. The petrol companies could take a hike as we would only need to drive for pleasure and recreation
2. Our planet would breath a lot easier
3. Less accidents on the roads and less peak hour traffic
Sure some jobs require you to be present on site (myself included I work as a desktop support officer) but even my job can be made virtual via the phone and the web.
The ogvernment spends billions of dollars on transport and roads, how about starting to make people work from home??
I have noticed the same thing (and I live pretty close to the CBD). It's irritating cos they rudely park in my off street parking without permission!
Alex,
Do you get time to work in between all of your posts???
bye
On the other hand, I don't use instant messaging like the rest of my colleagues. So I figure I get about as much done as they do.
Alex
The worst is when they chat by IM and they're sitting right next to each other... Just talk to each other!!!
The worst is when they chat by IM and they're sitting right next to each other... Just talk to each other!!!
Yep. This is weird.
It does not take a genius to work this out, but how about our employees start letting people work from home?!? Oh no I hurt some brain cells.
Maybe we'll end up like Silicon Valley where a condition of working for many companies is that you work from home at least two days a week?
Cheers, Medine
