Here is something for you to ponder.

Courtesy of Australian Institute of Petroleum
Notice that the wholesale price of unleaded petrol has been heading south since the start of September during which time the retail price has risen from $1.19 to $1.40.
hmmm a bit of profiteering perhaps.
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or read the most recent entries here.The graph does not support your argument - it shows the price of Unleaded Petrol declining from 119 cents to 106 cents, consisten with the decline Crude Oil in the same period.
Posted by: blackdog at September 9, 2005 09:34 PMExcept that the unleaded line on the graph does not reflect the price at the pump. Which is still at $1.35.
Posted by: GreenMan at September 12, 2005 08:23 AM