Linuxluver:

sen8or:

 

Its amazing how the negative price pressures / price relief coincides with the Govt sending them a "please explain" letter. As always expected, prices shot up very quickly to absorb the 29c tax cut, consumers were no better off and only when the threat of intervention or investigation looms, do they deem us worthy of a price drop.

 

 

 

Someone so much as passes gas in the middle east and theres "market volatility creating upwards price pressure on oil" which is passed on to the consumer before the smell dissipates,. Oil prices drop and/or exchange rate becomes more favourable, all of a sudden the "long term views" become priority and price drops move at glacial retreat pace.

 

Oil companies often increase the price when governments threaten to intervene. They know their conservative political allies will then whine about inflation and let the oil companies get away with playing politics with petrol prices.

Supermarkets have caught on to this game. They get to track up huge profits while the Opposition blames the government for inflation.

It's a sign the participants in these "markets" aren't competing.....they are price fixing for profit and political advantage.

I'm pretty sure with a Labour 2nd term supermajority government, that the conservative opposition are not responsible for the current operating environment of the supermarket and gas companies.