My local branch of the Motor Trade Association (Western Australia) has just issued a warning on rising fuel prices.
The price of a barrel of oil has risen to almost $70 recently and this is reflected by your pain at the bowser. You might be laughing at the price of AUS$1.24 for a litre of petrol here now. But it’s set to go much higher. Much higher, I suggest, than the predicted $1.40 by the end of 2009.
Why?. Peak oil is here. Dwindling oil supplies, high demand and few (cheap) alternatives will have you cut back on your Christmas shopping spending this year.
If the economy is really now climbing out of the recession then energy demand will grow again. But oil will be the break on it this time.
I drive on LPG, tied to half the going price of petrol. But, half of a lot will still be a lot!
You can however take advantage of grassroots car conversion technologies and fuel-saving gadgets.
Rising fuel prices will cause the biggest global explosion of fuel-saving conversion and gadget demand ever seen as the fuel-cost graph goes in one direction only from now on – North!
Of course you can look at converting your own car, or let your mechanic do it.
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