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New South Wales (Sydney) Not only does New South Wales have a mandatory petrol price database, the state government has also released a fuel-tracking app called NSW FuelCheck. Unsurprisingly, the government app prices are accurate 100 percent of the time, and Petrol Spy is the same. Diesel prices: We show prices for New South Wales from 03-Aug-2020 to 07-Dec-2020. The average value for New South Wales during that period was 1.20 Australian Dollar with a minimum of 1.19 Australian Dollar on 19-Oct-2020 and a maximum of 1.21 Australian Dollar on 07-Sep-2020. For comparison, the average price of diesel in the world for this period is 1.53 Australian Dollar.

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Use the FuelCheck online tool to find the cheapest fuel at NSW service stations near you. With FuelCheck, you can: find and get directions to the cheapest fuel in your area and across NSW find and get directions to the nearest service station of your preferred brand compare fuel and petrol prices according to type, such as E10, Unleaded, Premium Unleaded, Diesel, LPG, and more advise NSW Fair. Updated Prices for Petrol from 12 Dec 2020 to 18 Dec 2020 are: RON95: RM1.73 per litre (+3 sen) RON97: RM2.03 per litre (+3 sen) Diesel: RM1.93 per litre (+3 sen) Updates: For the week of 12 December 2020 to 18 December 2020, the fuel price of RON95 and RON97 will increase by 3 sen to settle at RM1.73 and RM2.03 per litre, respectively. Fuelcheck gives you real time fuel price on your finger tips. Over 2000 service stations in NSW uploading fuel prices in real time. You can find the cheapest fuel near you anytime anywhere. You can personalise the app by adding your favourite stations and addresses. Set up alerts for your favourite station or when price drops under a certain.

Economists say petrol could fall to its lowest price in 30 years. The price drops can be seen throughout major cities around Australia, while prices in regional towns have so ..

Economists say petrol could fall to its lowest price in 30 years. The price drops can be seen throughout major cities around Australia, while prices in regional towns have so far been largely unaffected. A significant decrease in the level of road travel has also lead to an oversupply of oil, causing companies to reach out to buyers as they struggle to store the excess loads.

Petrol prices are down to 80c a litre in some places but it may not be all good news.Source:AFP

Who remembers the year 2000? Sydney had the Olympics, Cathy Freeman was the fastest woman in the world on the 400 metre track, and the price of petrol was around 80 cents.

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If you were born too late to enjoy the first two, at least now you can enjoy the third one.

Because the price of petrol is going down. Way down.

The price of oil even went negative in America last week. That has never happened before.

Sellers had too much oil and nowhere to put it, so they had to pay buyers to take it.

While the oil price has risen since, the event has still blown up the global oil market.

Saudi Arabia is producing loads of oil – more than usual – while the world is using much less oil than usual because of the coronavirus. It's a perfect storm.

There's lots of kinds of crude oil in the world, but the one which is most relevant for Australian petrol prices is called Malaysian Tapis.

Tapis held out against big price falls for a while, but now it has fallen to below $20 a barrel. That's extremely cheap – Tapis cost four times as much a year ago.

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How the Malaysian Tapis fell below $20 a barrel this month. Picture: Oilprices.comSource:Supplied

A fall in the price of oil won't come through to petrol prices completely – petrol prices include shipping costs, retail margins, taxes, etc. Class 2 and class 3 slot machines.

You can't expect the price of petrol to fall by 75 per cent just because the oil price has. But when the price of crude falls this much, it's fair to expect petrol prices to fall a lot.

This is one little bright spot for the Australian economy. Fuel is an input to loads of industries, not least all the delivery drivers who keep coming to my house.

When the price of fuel falls, life gets easier for any business that makes deliveries, or pays for staff travel, or runs machinery on diesel. Their costs fall and their profits rise.

It makes it easier for them to put on more staff. Of course, this is not going to help cafes and airlines at the moment because they have shut down.

But for agriculture, logistics and some manufacturing businesses, cheaper fuel should help a lot, starting right now. And if low oil prices last longer than the lockdowns, then petrol at 80 cents a litre or lower will be good for the whole economy.

THE NEGATIVE SIDE

But lower petrol prices will hit one of Australia's big economic indicators: Inflation.

When we see consumer price inflation for this three-month period, it will be a big fat negative.

The rapidly falling price of petrol – along with the government's decision to make childcare free – will be big enough that they will likely push the annual CPI well into the negative.

Which is to say the price fall for the past three months will wipe out any inflation that happened in the preceding nine months.

The John Hunter & the Tomb of the Scarab Queen slots game is played across five reels, with three rows of striking symbols filling each reel. Low-paying Ace through Jack royals stand out against the brown reel strips, but it's the premium symbols that will grab your attention, not least because they are worth far more. The John Hunter and the Book of Mystery online slot comes from Pragmatic Play, and the action includes free games with multipliers, wild substitutions and up to 7776 ways to win. You will find six reels filled with jungle creatures and the essential tools of an explorer's trade like a whip, fedora hat, and flaming torch. The John Hunter and the Book of Tut slot machine is a 10 payline game set on the banks of the Nile. The screen glints with gold from the blaze of the sun, tempting players with its top jackpot wins of 5,500x your line bet. Volatility is high so you'll need to manage your bank roll effectively. John hunter slots.

Petrol Prices Casino Nsw

Use the FuelCheck online tool to find the cheapest fuel at NSW service stations near you. With FuelCheck, you can: find and get directions to the cheapest fuel in your area and across NSW find and get directions to the nearest service station of your preferred brand compare fuel and petrol prices according to type, such as E10, Unleaded, Premium Unleaded, Diesel, LPG, and more advise NSW Fair. Updated Prices for Petrol from 12 Dec 2020 to 18 Dec 2020 are: RON95: RM1.73 per litre (+3 sen) RON97: RM2.03 per litre (+3 sen) Diesel: RM1.93 per litre (+3 sen) Updates: For the week of 12 December 2020 to 18 December 2020, the fuel price of RON95 and RON97 will increase by 3 sen to settle at RM1.73 and RM2.03 per litre, respectively. Fuelcheck gives you real time fuel price on your finger tips. Over 2000 service stations in NSW uploading fuel prices in real time. You can find the cheapest fuel near you anytime anywhere. You can personalise the app by adding your favourite stations and addresses. Set up alerts for your favourite station or when price drops under a certain.

Economists say petrol could fall to its lowest price in 30 years. The price drops can be seen throughout major cities around Australia, while prices in regional towns have so ..

Economists say petrol could fall to its lowest price in 30 years. The price drops can be seen throughout major cities around Australia, while prices in regional towns have so far been largely unaffected. A significant decrease in the level of road travel has also lead to an oversupply of oil, causing companies to reach out to buyers as they struggle to store the excess loads.

Petrol prices are down to 80c a litre in some places but it may not be all good news.Source:AFP

Who remembers the year 2000? Sydney had the Olympics, Cathy Freeman was the fastest woman in the world on the 400 metre track, and the price of petrol was around 80 cents.

If you were born too late to enjoy the first two, at least now you can enjoy the third one.

Because the price of petrol is going down. Way down.

The price of oil even went negative in America last week. That has never happened before.

Sellers had too much oil and nowhere to put it, so they had to pay buyers to take it.

While the oil price has risen since, the event has still blown up the global oil market.

Saudi Arabia is producing loads of oil – more than usual – while the world is using much less oil than usual because of the coronavirus. It's a perfect storm.

There's lots of kinds of crude oil in the world, but the one which is most relevant for Australian petrol prices is called Malaysian Tapis.

Tapis held out against big price falls for a while, but now it has fallen to below $20 a barrel. That's extremely cheap – Tapis cost four times as much a year ago.

Petrol Prices Casino Nsw Australia

How the Malaysian Tapis fell below $20 a barrel this month. Picture: Oilprices.comSource:Supplied

A fall in the price of oil won't come through to petrol prices completely – petrol prices include shipping costs, retail margins, taxes, etc. Class 2 and class 3 slot machines.

You can't expect the price of petrol to fall by 75 per cent just because the oil price has. But when the price of crude falls this much, it's fair to expect petrol prices to fall a lot.

This is one little bright spot for the Australian economy. Fuel is an input to loads of industries, not least all the delivery drivers who keep coming to my house.

When the price of fuel falls, life gets easier for any business that makes deliveries, or pays for staff travel, or runs machinery on diesel. Their costs fall and their profits rise.

It makes it easier for them to put on more staff. Of course, this is not going to help cafes and airlines at the moment because they have shut down.

But for agriculture, logistics and some manufacturing businesses, cheaper fuel should help a lot, starting right now. And if low oil prices last longer than the lockdowns, then petrol at 80 cents a litre or lower will be good for the whole economy.

THE NEGATIVE SIDE

But lower petrol prices will hit one of Australia's big economic indicators: Inflation.

When we see consumer price inflation for this three-month period, it will be a big fat negative.

The rapidly falling price of petrol – along with the government's decision to make childcare free – will be big enough that they will likely push the annual CPI well into the negative.

Which is to say the price fall for the past three months will wipe out any inflation that happened in the preceding nine months.

The John Hunter & the Tomb of the Scarab Queen slots game is played across five reels, with three rows of striking symbols filling each reel. Low-paying Ace through Jack royals stand out against the brown reel strips, but it's the premium symbols that will grab your attention, not least because they are worth far more. The John Hunter and the Book of Mystery online slot comes from Pragmatic Play, and the action includes free games with multipliers, wild substitutions and up to 7776 ways to win. You will find six reels filled with jungle creatures and the essential tools of an explorer's trade like a whip, fedora hat, and flaming torch. The John Hunter and the Book of Tut slot machine is a 10 payline game set on the banks of the Nile. The screen glints with gold from the blaze of the sun, tempting players with its top jackpot wins of 5,500x your line bet. Volatility is high so you'll need to manage your bank roll effectively. John hunter slots.

That doesn't happen often. In fact, Australia hasn't had a 12 month period of negative inflation since last millennium, as the next graph shows.

Australia's annual inflation.Source:Supplied

Interestingly, negative inflation will make the petrol price go down even further, because the tax on petrol is indexed to CPI.

Petrol tax goes up whenever inflation goes up. This time the tax will fall as inflation falls. That will be a double bonus to any of us with cars, (although it will make the government's budget balance look even worse).

But the petrol tax change is not the most interesting point about negative inflation. The problem with negative inflation is it depresses everything.

A lot of wages are tied to inflation. So are government payments like rent assistance, family payments, and even some pensions.

Once consumer prices start falling, earnings follow them down, and we can end up in a negative spiral.

You've probably heard about hyperinflation and how it makes people spend money as soon as they earn it. Deflation is the opposite. Why spend money now when prices will be cheaper in future?

In a time of falling prices, people save more and spend less and the result is a negative.

Avoiding this spiral is precisely why the RBA tries to encourage inflation in the first place.

Its job is to keep inflation in a low steady range, between 2 and 3 per cent a year.

This year, it definitely won't be achieving that. Usually, it cuts interest rates to try to spur inflation. Now it has no interest rates left.

The recession we are almost certainly experiencing will also drive down inflation.

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Rents will be weaker, property prices lower, and companies will be forced to cut prices to compete.

In these cases falling prices will be a sign of economic weakness, not a reason to celebrate.

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It might not be long before we start reminiscing fondly about the era when petrol cost more

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than a dollar.

Jason Murphy is an economist. He is the author of the new book Incentivology |@jasemurphy





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