Nothing makes me happier than paying GST on excise
Beakless_Duck on
Why is Pickle Rick’s deadbeat cousin here?
Quick_Assignment_725 on
At least put in Mr. Gherk’s explanation in.
mattaust on
How is the retail margin soo small? GST is highter than the retail margin…. Wtf…
Luck_Beats_Skill on
Then why is the fuel cycle such a large fluctuation given it isn’t driven by underlying costs? It’s fluctuates 40c. So do they sell at a loss for half the time?
Different-Bag-8217 on
We’re going to tax you on the tax that we already tax you on.. then tax your car as well..
FormulaLes on
Let’s split that giant red section into wholesaler costs and wholesale margins.
BornTelevision8206 on
But reddit told me expensive fuel was because of petrol station price gouging?
middyonline on
How fucking good is paying 37 cents on the dollar to the tax man, then paying a fuel excise, then paying GST on an excise, then the Gov going “wow bro that sucks it’s $2.50/L wish we could help! Good luck though!”.
MrLightning1023 on
What is that ugly ass ai image
ALLIRIX on
I want to see the breakdown for the wholesaler
RedOx103 on
Switch the pickle for an orange with his shit-eating grin
TheDanishCookie on
Just to add regarding the red section on the graph, typically freight for these tankers coming in from Singapore is half a million USD to 2 million USD, now we’re sourcing it out of the US Gulf and freight is from 6 to 9 million USD
VisiblePhilosopher34 on
The retail margins are BS
ol-gormsby on
I vaguely remember a quote from a retired Shell executive. He said it costs about $20 to land a barrel of oil in New York (or a terminal in the US) from Saudi Arabia or elsewhere in the middle east.
Everything else is speculation. The ownership of the oil in a carrier ship changes hands a number of times between the middle east and the destination. It’s all down to trader bro types who will buy and sell a ship’s oil while it’s crossing the atlantic, and try to sell it to another bro *before* it reaches the USA, because then it will start to attract significant expense like docking fees, terminal fees, offloading, transport to a refinery, etc.
Petrol could cost a lot less if crude oil wasn’t treated as a tradeable commodity.
samuraijon on
It seems like the y axis is not cumulative but rather the number refers to the each components? If so that’s a silly way to present this type of data.
gameloner on
Why hasn’t the government even considered removing the excise when the lib were able to as an election promise.
sadge_luna on
Why the AI slop in the bottom right though? It adds literally nothing…
AESATHETIC on
why is this information being presented to me by an anthropomorphic pickle
Jealous-Hedgehog-734 on
We went from correcting a slight oversupply in oil markets to a projected gross undersupply at breakneck speed.
One thing I expect to start soon is pass-through. A lot of energy intensive product like Aluminium and Urea are ordinarily exported via the Strait of Hormuz. You’re going to see that demand pushed into other markets which will drag up the price of electricity and gas worldwide as other countries try to fill the gap in markets.
FostWare on
If the excise is dropped wouldn’t petrol stations run out of petrol and diesel sooner as people continue panic buying?
mrflibble4747 on
So we are expected to just accept the information provided as a valid starting premise?
This is just the salesman’s “what colour fridge do you want” trick and so we debate the “truth” as represented by this misdirecting garbage!
Grow the FK up!
Mobasa_is_hungry on
Get rid of the excise BUT, don’t let these corporations keep the price the same and keep the extra profit. Cut all possible loopholes, otherwise it’s just another covid situation.
scorpiousdelectus on
This image needs to be accompanied by a “What Is The Function Of Fuel Excise” disclaimer
tohya-san on
so why is there an ai pickle in the corner
Pretty_Public5520 on
If the govt was serious about this the would cancel the gst and excise
27 Comments
Nothing makes me happier than paying GST on excise
Why is Pickle Rick’s deadbeat cousin here?
At least put in Mr. Gherk’s explanation in.
How is the retail margin soo small? GST is highter than the retail margin…. Wtf…
Then why is the fuel cycle such a large fluctuation given it isn’t driven by underlying costs? It’s fluctuates 40c. So do they sell at a loss for half the time?
We’re going to tax you on the tax that we already tax you on.. then tax your car as well..
Let’s split that giant red section into wholesaler costs and wholesale margins.
But reddit told me expensive fuel was because of petrol station price gouging?
How fucking good is paying 37 cents on the dollar to the tax man, then paying a fuel excise, then paying GST on an excise, then the Gov going “wow bro that sucks it’s $2.50/L wish we could help! Good luck though!”.
What is that ugly ass ai image
I want to see the breakdown for the wholesaler
Switch the pickle for an orange with his shit-eating grin
Just to add regarding the red section on the graph, typically freight for these tankers coming in from Singapore is half a million USD to 2 million USD, now we’re sourcing it out of the US Gulf and freight is from 6 to 9 million USD
The retail margins are BS
I vaguely remember a quote from a retired Shell executive. He said it costs about $20 to land a barrel of oil in New York (or a terminal in the US) from Saudi Arabia or elsewhere in the middle east.
Everything else is speculation. The ownership of the oil in a carrier ship changes hands a number of times between the middle east and the destination. It’s all down to trader bro types who will buy and sell a ship’s oil while it’s crossing the atlantic, and try to sell it to another bro *before* it reaches the USA, because then it will start to attract significant expense like docking fees, terminal fees, offloading, transport to a refinery, etc.
Petrol could cost a lot less if crude oil wasn’t treated as a tradeable commodity.
It seems like the y axis is not cumulative but rather the number refers to the each components? If so that’s a silly way to present this type of data.
Why hasn’t the government even considered removing the excise when the lib were able to as an election promise.
Why the AI slop in the bottom right though? It adds literally nothing…
why is this information being presented to me by an anthropomorphic pickle
We went from correcting a slight oversupply in oil markets to a projected gross undersupply at breakneck speed.
One thing I expect to start soon is pass-through. A lot of energy intensive product like Aluminium and Urea are ordinarily exported via the Strait of Hormuz. You’re going to see that demand pushed into other markets which will drag up the price of electricity and gas worldwide as other countries try to fill the gap in markets.
If the excise is dropped wouldn’t petrol stations run out of petrol and diesel sooner as people continue panic buying?
So we are expected to just accept the information provided as a valid starting premise?
This is just the salesman’s “what colour fridge do you want” trick and so we debate the “truth” as represented by this misdirecting garbage!
Grow the FK up!
Get rid of the excise BUT, don’t let these corporations keep the price the same and keep the extra profit. Cut all possible loopholes, otherwise it’s just another covid situation.
This image needs to be accompanied by a “What Is The Function Of Fuel Excise” disclaimer
so why is there an ai pickle in the corner
If the govt was serious about this the would cancel the gst and excise
GST on Fuel Excise.
Tax on a tax.