The ACCC says petrol prices have already peaked for the year in most Australian capital cities, and its analysis of the pricing cycles show costs should fall just before Christmas.
Tagged With fuel
Under the Australian Government's Australian Design Rules, vehicle manufacturers need to measure noxious emissions standards in a laboratory test, and have laboratory-based fuel consumption information displayed on a "Fuel Consumption Label" wherever you fill up.
But since there is no way for anyone to know how these lab results translate in the real world, the Australian Automobile Association (AAA) commissioned a study of 30 vehicles to work it out - and preliminary results are showing a big difference.
Scientists recently developed a method to convert sewage into biocrude oil, so it appears that our future will quite literally be shit. According to a report from Pacific Northwest National Laboratory, researchers converted poop to oil using a process called hydrothermal liquefaction. PNNL explains that hydrothermal liquefaction "mimics the geological conditions the Earth uses to create crude oil, using high pressure and temperature to achieve in minutes something that takes Mother Nature millions of years."
PhD student Songpol Boonsawat has developed a waste disposal system that turns household plastic waste, contaminated plastic waste and targeted plastic waste into fuel. If implemented across homes and councils across Australia, it could result in an 80 per cent reduction of plastic waste in landfill.
Songpol says there is huge potential for some councils to convert plastics into as much as 73 million litres of oil each year.
The Federal Government has assured industry and the public that tougher CO2 regulations will have no negative impact on consumers, as the fuel savings will cover the additional upfront cost of more fuel efficient vehicles.
But new analysis by the Centre for International Economics shows otherwise, and the Australian Automobile Association (AAA) has called upon the Federal Government to re-explore all costs and benefits associated with proposed vehicle emissions regulations.
The national body representing fuel retailers in Australia has openly criticised the ACCC's June 2016 Quarterly Report on the Australian Petroleum Market for being "somewhat selective" in its most recent commentary on retail petrol price movements — namely that petrol prices have hit a new low — but retailers are charging more than ever.
The average Australian family is spending up to $22,000 every year to get around, according to the Australian Automobile Association.
The AAA commissioned Australia's first Transport Affordability Index to track transport affordability by analysing tax, tollways, public transport and finance costs as a proportion of average household income across states and territories.
A CSIRO-developed technology, known as MagSonic, produces magnesium using up to 80 per cent less energy and up to 60 per cent less carbon dioxide emissions thanks to a supersonic nozzle.
As the lightest of all structural metals, Magnesium is in rising demand from car manufacturers who are turning to the metal as a solution for making lightweight, low-emission vehicles.
Is it the fuel? Not really. Even though giant passenger jets do guzzle down fuel at a ridiculous 2km per gallon — seriously, they need 8l of jet fuel for every mile travelled — there areso many people on an aeroplane that the fuel cost gets split down to a much more reasonable price: a per person fuel efficiency of 169km per gallon. That's good! So why is flying so expensive? It's everything else.
The Australian Competition and Consumer Commission has released its fifth quarterly report into the Australian petrol industry, examining the decline of petrol prices up to the end of December 2015. The report found that the quarterly average price in the five largest cities (i.e. Sydney, Melbourne, Brisbane, Adelaide, and Perth) was 124.4 cents per litre (cpl), which was 8.8 cpl lower than the previous quarter and 11.4 cpl lower than in the June quarter 2015.
"This decrease in prices over the quarter was welcome news for motorists," ACCC Chairman Rod Sims said. "However, retail petrol prices were not as low as might have been expected given the level of crude oil prices."
Video: Yowza. That burns hot. Watch as a Petrogen Multi-Fuel cutting torch nicks right through a stack of metal and cuts it clean off. The cutting system can use liquid fuels of any kind, including "gasoline of any grade, "white" gas, camping fuel, and stabiliser additive fuels" and "diesel, kerosene, biodiesel". Basically, you pump fuel into this thing and other things start going poof.
The UK's poop-powered bus is officially one fast son-of-a-bitch. As reported Friday by Ars Technica, the bus recently hit a top speed of 123km/h at the Millbrook Proving Ground in Bedfordshire — a record for a regular service bus.