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Old 17-04-2006, 10:01 PM   #26
donno
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Join Date: Dec 2004
Location: Brisbane
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Quote:
Originally Posted by ebxr8_50ho
just had a look at the highest recorded price for fuel in america. US$3.057 per US gallon. US67c per litre. So round about AU48c to the litre for the highest price for regular unleaded this year in the states
It'd be about 93c Aus, conversion around the wrong way. I wish our dollar worked like that :S.

From what I've heard its got nothing to do with how much they get out of the ground, they can pump it quick enough, its just that there isn't enough refineries in the world to process the crude. Demand is currently outstripping suply with an emerging China, and there isn't enough infrastructure to ensure adquite supply.
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