Water, more expensive than milk, soft drinks & petrol
Found an interesting article on the price of water in Australia, the author claims that water is more expensive than milk, soft drinks and petrol. That is almost unbelievable and yet here are the facts.
Bottled water is a premium product these days. According to consumer group Choice, you can pay upwards of $3.88 a liter for bottled water, while a liter of tap water in Sydney costs a fraction of a cent.
At current prices, water costs twice as much as premium grade unleaded petrol, is more expensive than premium milk and costs as much as soft drink. Over time, the costs can add up. If you drink two liters of bottled water a day, consumers could be looking at costs of $2,800 a year. Drinking two liters a day from the tap costs around $1.50 a year.
Much of the cost of bottled water comes from producing the plastic bottle, lid and label, and the environmental costs are high. Although the Australian Bottled Water Institute (ABWI) says all plastic bottles are made from recyclable material, less than half of those PET plastic bottles are actually recycled, with 60% going straight to landfill, according to Choice.
Choice also states that US-based policy research organization, The Pacific Institute, estimates that twice as much water is used in producing the plastic bottle as there is in the bottle itself.
Clean Up Australia says that plastic bottles are among the top 10 most common rubbish items picked up on Clean Up Australia Day, and actively encourages people to avoid bottled water and buy a reusable bottle.
The bottled water industry is estimated to be worth $500 million a year. World consumption of bottled water is estimated to have doubled in the past decade, and market researchers Canadean predict bottled water will overtake carbonated drinks as the leading drink category by 2015.
So the big question for the future what will the price of water come to and are there things we can do now do preserve our resources instead of using them foolishly?