@dolbelconsultin No doubt challenging times for many and the full flow on effect of increased fuel prices is a long way off being factored into end products so this has plenty to run. Can’t see it abating anytime soon either.
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Simon McDougall 🇦🇺
2.6K posts
Simon McDougall 🇦🇺
@SimMcD
Ag Commodities trader, recreational grain grower and 🐮 / 🐎 breeder.
Tamworth, New South Wales Beigetreten Temmuz 2014
1K Folgt1K Follower
@SimMcD What a time it would be to be an apprentice driving to work every day, only to spend 1/2 your weekly net income of a tank of juice. I feel for farmers and those that were just scraping before all this started. This is madness.
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When filling up <$3/L feels like a win….old girl was on fumes so took a bit and to be honest I was a tad disappointed not to nudge $400 in the end….next time 😏
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Let’s hope energy infrastructure across the gulf has adequate protection, otherwise Hormuz will matter little
Commentary: Trump Truth Social Posts On X@TrumpTruthOnX
If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST! Thank you for your attention to this matter. President DONALD J. TRUMP (TS: 21 Mar 19:44 ET)
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@stationmum101 @MartinMurray_Ag As always comes down to the fine print of paperwork and quality of counter parter. If simply verbal “yep she’ll be right” then some will honour but many will not. Hearing a lot of independent suppliers just do it load by load 😬
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@MartinMurray_Ag Have heard reports of fuel companies refusing to honour contracts of clients they have had for decades. Farmers who have standing orders of 30,000L twice per year were told no deliveries at contract price but they’re welcome to fill bulk tanks at the bowser (at bowser prices).
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Or take out long term supply contracts?
Think Agri@Think_Agri
Would you prefer pay for diesel on ordering if it provided the cash flow for your distributor to order in larger quantities?
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@JesseCohenInv It’s all there to buy if you’re happy to tear up plenty. Patience here will be rewarded.
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Stocks are down
The dollar is down
Gold is down
Silver is down
Copper is down
Oil is down
Bitcoin is down
What is left to buy?
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Update - 20th March (no 2).
The Sea Pengiun has put the foot down and will now arrive in March. Increasing march import volumes, but decreasing April.
At present there is 110kt on two vessels, which equates to 6% of last years volume.
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Fuel Vessel Tracker: April
We will update this thread each time a new vessel is added.
At present there is 110kt on two vessels, which equates to 6% of last years volume.
(Bookmark and share).
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Yet diesel is up 60% from $1.89 - $3 over the same 3 weeks. Wholesalers/importers are not showing on offer for April outturn ie they are uncertain if it will make it here. Market well bid & zip offer side 🤔
Ryan Dally@Ryandally08
#BREAKING Anthony Albanese claims there is “not less fuel in Australia today than there was 3 weeks ago” Meanwhile At least 42 petrol stations are reportedly out of fuel, and almost double have no diesel. Completely contradicting the PM. #Auspol
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@bluewolfpack1 Happy Friday G! 🍻 Pain all week in economic drivers yet equities turning a blind eye.
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Simon McDougall 🇦🇺 retweetet
ugly, ugly, urea.
The @Episode3net landed Australia pricing for Urea is now exceeding the levels experienced during the Ukraine war.
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I've got #diesel coming tomorrow that will cost $2.92L
On the 13-2-26 I paid $1.65L
I don't often wish bad things on other people but if you're a war mongering moron from #Israel or the #USA or some prepper numpty or gouging oil company then I wish you a slow & painful death starting tomorrow.
GIF
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@gregmoroney15 If you can do it now, price only going one way and good EOFY use of cash. Covering 6month price risk on diesel is wise IMO.
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@NtDrifter We’re seeing the daily 5c-ish price rise as well. Agree this has plenty to run and not that this is over by any means but once it’s over supply chains will take plenty of time to restore.
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Diesel here is $3+ and rising daily.
Going to be a long haul I suspect. I don’t think $4 is too far off and $5 is not out of the question. Hope I’m wrong.
20% of world supply is a massive shortfall, reduced usage will only be driven by price. How much resilience is there?
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@ausstockchick The only good thing about living in Perth is having Rottnest
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@MattBrannRURAL NNSW pricing tracking the same trend. Whilst it continues like this it rewards the hoarders 😔. $AUD firmer should help lower but the fear in supply chains has everyone with higher risk margins 😬
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UPDATE: Diesel price at my local petrol station in Darwin⛽️
March 1: $1.74/L
March 5: $1.99/L
March 9: $2.10/L
March 10: $2.30/L
March 13: $2.46/L
March 16: $2.66/L
March 18: $2.75/L
That's a 58% increase since the start of March ⛽️
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@MartinMurray_Ag Mate it will rain when there is no diesel and no fert to go with sowing 😏
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That’ll teach the USA and Iran, if they think they mess with global oil markets without the RBA getting involved…. Well, they’ve got another thing coming!
At least the rain forecast is up this arvo
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@MattBrannRURAL $2.60’s is common now for what I’m seeing. Average Ute/wagon tank of 70litres now +$60 🫣😬
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UPDATE: Diesel price at my local petrol station in Darwin⛽️
March 1: $1.74/L
March 4: $1.85/L
March 5: $1.99/L
March 9: $2.10/L
March 10: $2.30/L
March 13: $2.46/L
March 16: $2.66/L
That's a 52% increase since the start of March ⛽️
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@jameswhelan42 Yes agree at certain price point people make choices to not buy/substitute etc but I’m not seeing any sign of this behaviour yet hence nearby RBA hikes IMO.
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@SimMcD It could be argued that many price increase would stop spending on certain items almost completely.
Shortages as well.
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They’re out of 95 ULP. Not being dramatic but I’d be in favour of a Covid style emergency and necessary transport only to conserve what we have.
RBA cannot possibly raise into this uncertainty either.
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@NtDrifter Sorghum??? The big red crop of dreams. 20 years ago was pig & poultry tucker at a 10-20% discount to wheat. Now trades at a 10% premium into alcohol & ethanol markets 👍
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Driving through this country always makes me feel that what we do at home is prehistoric.
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