Monday, December 24, 2007

ALP Policy Driving Up Petrol Cost

Cost, originally uploaded by ddbsweasel.

Rudd's policy regarding petrol is beginning to show. After the election, Rudd suggested some inflationary means for dealing with petrol fluctuation in price at the bowser. One suggestion ws to limit price change from day to day. Another involves publishing price data the day before. Yet another is to task the ACCC to do what it does anyway, and call it different.
So, now it is Christmas Eve, and petrol companies are accused of gouging for not discounting mid week .. possibly as they will be penalized should they dare.
Further, the Australian dollar, relative to the US dollar, has fallen from .90 to 0.85, making imports more expensive.
Maybe Rudd can give away a few hundred million dollars to the Middle East and pray for a miracle, or has he done that already?

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