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The incredible rising cost of petrol

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Kiwithrottlejockey
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« Reply #100 on: May 19, 2012, 10:44:45 am »


Petrol firms continue to cream motorists, says AA

By JAMES WEIR - The Dominion Post | 5:00AM - Saturday, 19 May 2012

PETROL should come down six cents a litre, with profit margins at record levels, according to the Automobile Association.

A six cents a litre cut would be worth about $200 million to New Zealand drivers over a year.

While North Island company Gull is selling 91 octane for about $2.16 a litre, most big petrol companies are holding prices around $2.20 a litre despite big falls in world refined petrol and crude prices recently. Those falls have been only partly offset by a much lower New Zealand dollar.

AA spokesman Mark Stockdale said the association was "very disappointed" petrol companies had not cut prices at the pump.

"We have had consistent drops in refined [petrol] prices and even allowing for the drop in the exchange rate, we are seeing a reduction in the imported cost of about six cents a litre since the last price change in mid-March," Mr Stockdale said.

"We are just not seeing the level of competition we have seen in the past."

"They [petrol companies] are certainly making more money than they usually do ... we have never seen the [profit] margin this high and remain above the top end of the normal range for long. It is bizarre."

If petrol was cut 6c a litre, car drivers would save an average of more than $80 a year, equal to about $200 million across the country's 2.6 million cars.

Z Energy chief executive Mike Bennetts said ever since it took over the Shell petrol stations, it had pointed out concerns about the poor returns in the industry. Poor profits had seen half the petrol stations in the country close and there had not been enough spent on investing in new oil supply tanks.

If there was a "modest increase in margins", then Z would make more investments.

In the past six months, Z made extremely low profit margins in what he called a "highly competitive market".

Z's recent bottom-line profit was equal to just 2.1c a litre, Mr Bennetts said.

Margins were now higher but that might be the right environment for investment, he said.

Gull recently brought 91 octane down 2c a litre to about $2.16 a litre, and in some unmanned sites sold it for as little as $2.13 a litre.

Gull has stations in Masterton, Levin, Palmerston North and in Hawke's Bay and where it has cut, others had followed. "In the main, they have matched our prices [at stations] within a couple of kilometres," Gull managing director Dave Bodger said.


http://www.stuff.co.nz/dominion-post/business/6949878/Petrol-firms-continue-to-cream-motorists-says-AA
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« Reply #101 on: August 29, 2012, 02:33:18 pm »

Petrol prices have soared to a record high, with most retailers increasing the price of 91-octane fuel to just under $2.23 a litre.
http://money.msn.co.nz/businessnews/national/8520654/petrol-prices-hit-record-high

Hang on - when did prices last drop below the $2 mark?

That was earlier this year wasn't it?


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« Reply #102 on: September 05, 2012, 02:32:56 pm »



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« Reply #103 on: November 05, 2012, 02:10:36 pm »




Petrol drops 3c a litre

Last updated 13:12 05/11/2012


 Petrol prices have fallen for the third time in a fortnight, as international prices continue to ease.

BP led this morning’s price cut, lowering petrol prices by 3 cents a litre. Regular unleaded petrol now costs $2.089 a litre at most company owned stations, BP said.

Z Energy matched the cut almost immediately.

Diesel prices were unchanged.

“The cost of international product prices has been on a downward curve over the last couple of weeks,” BP spokesman Jonty Mills said. “This, coupled with the continued overall strength of the New Zealand dollar, is the combination that has allowed us to pass on these reductions consecutively.’’

Petrol prices are now at their lowest level since late July.

http://www.stuff.co.nz/dominion-post/business/7908313/Petrol-drops-3c-a-litre

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« Reply #104 on: June 30, 2013, 07:25:34 pm »


Have you filled up your car's tank today?

Herr Gerry Brownlie's additional fuel tax comes in at midnight.

That's the tax that was legislated for under urgency (the way the current Nats prefer to do things....ram it through Parliament with no examination by select committee or submissions allowed). John Key PROMISED "no rise in GST" but that turned out to be a big fat LIE. He used his henchman, Billy-boy English, to claw back the tax cuts he gave to you. Now, the Nats (using fat pig Brownlie as a front) are grabbing yet more tax dollars from you by squeezing even more tax from the fuel you purchase for your vehicle.

Thanks, Nats scumbags & thieves!! 

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« Reply #105 on: June 30, 2013, 08:24:17 pm »

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« Reply #106 on: June 30, 2013, 09:08:37 pm »


So you like bending over and taking it up the arse from the Nats, eh?

Perhaps you'd like to volunteer to pay MY share of the new fuel tax seeing as you like it so much.

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« Reply #107 on: June 30, 2013, 10:44:26 pm »

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« Reply #108 on: June 30, 2013, 10:57:52 pm »

Just look at it this way TJ.     You're helping to pay for Aucklands rail loop.   
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« Reply #109 on: July 01, 2013, 04:11:16 am »

Just look at it this way TJ.     You're helping to pay for Aucklands rail loop.   


According to Herr Brownlie, fuel taxes are being used exclusively for roading projects.

Therefore, in reality, I'm helping to pay for the holiday highway so rich-prick JAFAs can get to their holiday baches mansions in Northland a little bit quicker. Yet another case of the Nats looking after their own selfish kind at the expense of the rest of us.

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« Reply #110 on: July 01, 2013, 07:12:41 am »


http://www.stuff.co.nz/business/industries/8856790/Unmanned-
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« Reply #111 on: July 14, 2013, 01:45:06 pm »



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« Reply #112 on: July 14, 2013, 07:13:51 pm »

Just look at it this way TJ.     You're helping to pay for Aucklands rail loop.   


According to Herr Brownlie, fuel taxes are being used exclusively for roading projects.

Therefore, in reality, I'm helping to pay for the holiday highway so rich-prick JAFAs can get to their holiday baches mansions in Northland a little bit quicker. Yet another case of the Nats looking after their own selfish kind at the expense of the rest of us.


Brown-lie is a noted liar. Only about a third of the tax levied on fuel is used for roading.  The rest is sucked into and out of the consolidated fund to pay for essentials like MPs salaries, Bellamys subsidies and the like.
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« Reply #113 on: July 14, 2013, 10:48:41 pm »


Hahaha....I luuuurve the background music with this (turn up the volume)....


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« Reply #114 on: July 17, 2013, 10:30:42 pm »



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« Reply #115 on: August 27, 2013, 09:21:51 pm »


Discount petrol goes almost unnoticed

By CHERIE TAYLOR - Wairarapa Times-Age | 6:00AM - Saturday, 24 August 2013

CHEAP FUEL: Faulknors Service Station in Lansdowne has been offering the cheapest fuel in town. — Photo: LYNDA FERINGA.

THERE SEEMS to be a fuel price war in Masterton and motorists haven't even noticed.

Faulknors Service Station on Opaki Road has been selling Octane 91 for $1.99.9 a litre for the past two days with most other stations offering between $2.11.9 and $2.21.9 a litre.

Nationally, fuel hasn't been under $2 a litre for more than a year now.

Motorist Phillipa Mills was filling up at Faulknors when the Times-Age arrived.

She didn't even realise the price was below $2 a litre.

"I had no idea it was so cheap. It's good for me but I don't think it will stay like that for long."

Gail Forlong was also unaware she was pumping cheaper than normal petrol.

"It's good though. I think people have just become complacent about the price. They just accept it because that's what you have to pay. It's pay or walk," she said.

Faulknors' owner referred the Times-Age to Mobile NZ. However, no one from the company was available for comment.

But AA New Zealand senior policy analyst Mark Stockdale said that, nationally, fuel hadn't been below $2 a litre since July last year.

One service station at Levin, however, had been offering discounted fuel below $2 for most of 2013.

Motorists were offered discounts through supermarket vouchers which brought the price well below $2 a litre and they needed to look for the best prices to save at the pumps.

"People need to shop around," Mr Stockdale said.

Independently owned service stations, without high overheads, were in a position to offer discounted fuel while stations owned by large "global companies" often had higher overheads which helped dictate the price at the pumps — along with the price of oil.

"The price motorists pay reflects the overhead costs of the business ... the independent station's [overheads] can be less so it means they have a different price structure," said Mr Stockdale.

"People should keep an eye on the prices as they drive around to get the best deals."


http://www.nzherald.co.nz/wairarapa-times-age/news/article.cfm?c_id=1503414&objectid=11113628
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« Reply #116 on: December 27, 2013, 12:03:41 pm »



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« Reply #117 on: December 05, 2014, 11:38:16 am »


from The Dominion Post....

Petrol dips below $2

By MICHAEL FORBES | 11:20AM - Friday, 05 December 2014



PETROL has dipped under the $2 mark at some service stations.

BP has made its tenth price reduction since early October, taking 91 unleaded petrol under $2 per litre across the country at its company owned sites.

BP has decreased all grades of petrol by 3 cents per litre and diesel by 2 cents, bringing the price of 91 Unleaded to $1.999 per litre and diesel to $1.329 per litre at most BP owned service stations.

BP communications manager Jonty Mills said it was the first time for two-and-a-half years that petrol has been under $2 per litre nationally.

“We acknowledge that in some highly competitive hot-spots, it has been under $2 for some time but we are a national player and this is a national reduction,” he said.

“The continued downward trend in the cost of product on the international market continues. It's a simple case of supply outweighing demand.”

The OPEC group also recently decided against cutting production which has helped drive the oil price down further, Mills added.

“The exchange rate has been fairly constant so hasn't had a major impact either way on this occasion.”


http://www.stuff.co.nz/dominion-post/business/63857186/Petrol-dips-below-2
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« Reply #118 on: December 05, 2014, 11:41:50 am »

Quote
We acknowledge that in some highly competitive hot-spots, it has been under $2 for some time but we are a national player and this is a national reduction,” he said.


Yep.....such as in Wairarapa where there is a never-ending price war between Gull and all the other fuel retailers.

Gull dropped the price below $2 per litre for 91 octane petrol a couple of months ago, starting another round in the price war. As a result, ALL stations in Masterton went below $2 per litre about three weeks ago. The price war continues, and long may it do so in this part of provincial ENZED.

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« Reply #119 on: December 18, 2014, 10:18:18 am »


from the Los Angeles Times....

Cheap gas is not good news for those who worry about climate change

By DAVID HORSEY | 5:00AM PST - Wednesday, December 17, 2014



IT SEEMS as though low gas prices should be good news. When the cost of a gallon of gas dips well below $3 in most of the country, everybody smiles, right?

Not necessarily. Wall Street is frowning. Frackers are fuming. Electric-car manufacturers are fretting. And environmentalists are freaking out. And the rest of us? It’s a mixed bag, depending on how invested we are in the stock market, how much we want to own a Tesla, how gung-ho we are to see the Keystone XL pipeline built or how much we believe climate change is big problem for humanity.

In recent days, stocks have slumped as crude oil prices have continued a six-month descent. Investors do not like to see oil companies and drillers lose money and worry about the international market where cheap gas is coming at a high price for Russia, Saudi Arabia and other oil producing countries.

Wall Street’s worries may not last long, though, because the extra cash going into consumers’ pockets thanks to savings at the pump is bound to be spent somewhere else in the economy. When that happens, stocks will bounce back.

For Keystone backers, though, the situation may be more dire. Next month, when Republicans take full control of Congress, there will probably be veto-proof majorities in both houses that can force the Obama administration to finally approve the pipeline project that would carry oil from Alberta’s tar sands to Gulf Coast refineries and ports. However, hosannas are not echoing through the oil industry just yet. Oil industry experts are saying low gas prices may have made the pipeline financially untenable.

Extracting the tar sands oil through hydraulic fracking is not a cheap process and, with oil selling at a five-year low, what once looked like a money-making venture now seems, at best, a break-even deal. One Texas-based energy analyst told the Los Angeles Times, “The economics of this project are becoming increasingly borderline.”

Nevertheless, Republicans plan to push for pipeline approval in January. GOP senators, such as Oklahoma’s Senator James Inhofe, insist that gas prices are irrelevant. What goes down is bound to go back up, Inhofe says, and, sooner or later, the pipeline will pay off.

Maybe, in a traditional market, that would be true, but, right now, the Saudis, who once were the guarantors of price stability, are not slowing their own pumps to limit supplies and boost prices. Instead, they are pumping like crazy — and losing money doing it — because they are desperate to undercut the booming American shale oil industry that has made the U.S. the world’s No.1 producer of liquid petroleum. The Saudis' fight to maintain primacy in the oil market could keep gas prices low for much longer.

So, for Wall Street investors and oil producers, low gas prices are not good news, but they’ll get over it. For environmentalists, however, there is nothing but gloom. Sure, they’d be ecstatic if Keystone gets canceled, but their glee will be momentary. The low gas prices that could scuttle the pipeline will also steer consumers away from electric and hybrid cars, smaller vehicles and mass transit. Lower-cost fossil fuels will mess with the economic viability of alternative energy businesses. Ultimately, cheap gas means more CO² in the atmosphere, more melting glaciers, more sea levels rising and more climate extremes making life on Earth much less pleasant.

Other than that, cheap gas is great news. Happy driving!


http://www.latimes.com/opinion/topoftheticket/la-na-tt-cheap-gas-not-good-news-20141216-story.html
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« Reply #120 on: December 18, 2014, 10:21:16 am »


There's a price-war in Masterton today and Gull are selling 91 octane for only $1.68 per litre.

I noticed the cheap price when I went there at 3:50am this morning to get the newspapers on the way to work, so naturally I filled up the car.

Other brands are selling for $1.70 to $1.73 in Masterton today.
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« Reply #121 on: December 18, 2014, 11:53:49 am »

Yes ..there are advantages in having competent people managing the economy and keeping our dollar high Wink

..I'll text JK to let him know of your approval Grin
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« Reply #122 on: December 18, 2014, 11:57:48 am »


You're “full-of-shit”.....as usual.
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« Reply #123 on: January 09, 2015, 09:18:43 am »


There's a price-war in Masterton today and Gull are selling 91 octane for only $1.68 per litre.

I noticed the cheap price when I went there at 3:50am this morning to get the newspapers on the way to work, so naturally I filled up the car.

Other brands are selling for $1.70 to $1.73 in Masterton today.


meanwhile, in the real NZ


Fuel prices fall but is it enough?

Home » News » Dunedin


Fri, 9 Jan 2015
News: Dunedin | ODTV Video

Otago motorists are making the most of the lowest petrol prices in four years, but the region is still paying more at the pump than some other parts of New Zealand.
There has been a record run of price cuts in New Zealand, with about 18 over the past three months, including one yesterday, as a combination of falling global crude oil prices and a strong dollar works in motorists' favour.

Motorists and transport businesses across Otago were happy with the low prices but the Automobile Association says petrol stations should be passing more savings on to consumers.

An unscientific study of more than 10 petrol stations across Otago found prices ranged from 183.9c a litre at stations in Andersons Bay Rd in Dunedin to 203.9c at Wanaka stations.

In parts of the North Island, where low-cost petrol station Gull is present, prices were as low as 170.9c a litre.

AA senior policy analyst Mark Stockdale said Dunedin motorists were paying the same amount at the pump as most in the country, with only a small number of areas benefiting from Gull's presence.

But he did believe service stations should be passing on more savings.

''We don't think they are cutting prices as much as they could be and we know that because the margin - the difference between the retail price and the imported cost of fuel - is unusually high.''

Even so, the low prices could not come at a better time of year, with holidaymakers doing a lot of travelling.

''What that means is that Kiwis have got more money in their back pocket to spend on other things.''

Most motorists spoken to across Otago yesterday had noticed the price drop, with many saying they were driving more and others saying they had more to spend on other things.

Businesses were also benefiting, with H.

A. Foote Haulage director Mike Rogan saying it would help transport companies.

''It's obviously going to help, but it can go up just as quick as it goes down,'' Mr Rogan said.

The prices had not been low for long enough to have had a large impact on the company's bottom line, he said.

Beachlands Speedway promoter Mark Newall said the price drop was ''absolutely'' good for the sport.

''I run avgas in my car, and it's dropped 30c [a litre] in the last two or three months. It certainly makes it more affordable, plus also travel, so that you can go to other clubs and support them and race at other clubs.''

Earnscleugh Station owner Alistair Campbell said the price drop had a different impact on his farm than on other fuel consumers.

''Probably, as a merino wool-producing property, while cheaper to run our vehicles, it's also cheaper for our competitors to make synthetic materials.''

Fuel-price reductions would be detrimental because producing petroleum-based products such as nylon would be cheaper as well.

''I'm more concerned on it having an impact on the wool price.

''We don't do a lot of agricultural work so it's mainly just four-wheel-drive vehicles to get around the property as our main fuel usage, but if everybody who services us passed that reduction on, it would be great.''

The station had not brought any fuel at cheaper rates, as it had a 500-gallon tank on site and it had not been filled recently.

Petrol companies rejected the idea prices should be lower, saying motorists were benefiting from a highly competitive market.

Mobil spokeswoman Samantha Potts said it was ''absolutely a transparent market'' and it was ''up to customers to choose where to buy their fuel''.

In New Zealand, Mobil assessed the wholesale price of petrol daily, taking into account factors including global prices, local market conditions and freight costs, she said.

Jonathan Hill, of Z Energy, pointed to a New Zealand Institute of Economic Research report from August 2013 that said petrol prices ''reflect input costs, not gouging''. Air fares should fall to reflect plummeting oil and jet fuel prices but airlines are stalling on delivering cheaper fares, consumer advocates say.

Airlines say the issue is complex, but a major travel agency is frustrated airlines are not yet slashing average fares.

Flight Centre general manager Simon McKearne said domestic and international fares should fall by up to 10%, but airlines were delaying savings for consumers.

Taxi trips to the airport should also be cheaper,

Consumer NZ chief executive Sue Chetwin said.

''You could probably say that about any public transport, actually,'' she added.

She said air fares should be lower but was sceptical airlines would drop prices soon.

''I don't know whether I would say I'm expecting it, but I would think there was every reason airlines could drop their prices.''

Air New Zealand said it ''manages its exposure to fuel price fluctuations'' by locking in prices for future jet fuel purchases ahead of time.

''As a result, we are largely unaffected by recent changes in fuel prices,'' a spokeswoman said. - Additional reporting NZME

http://www.odt.co.nz/video/news/dunedin/329500/fuel-prices-fall-it-enough
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« Reply #124 on: January 09, 2015, 09:25:52 am »


I wonder what the price of fuel is at Franz Josef Glacier?

The service station there is run by a bunch of thieving crooks.

Their fuel comes by road tanker from Nelson, yet the last time I was there, they were charging 12c per litre more than the service station at Fox Glacier, even though the tanker has to drive over that winding road (with the two high summits) from Franz Josef to Fox. Likewise, the price difference between Franz Josef and Haast was also 12c, with the service stations at Haast Junction and Haast Beach charging the same price per litre as Fox Glacier.

I get the impression that the owners of the service station at Franz Josef Glacier (who also own the supermarket) are out to rip-off the tourists who stay there in considerably larger numbers than at Fox Glacier and Haast. North of Franz Josef Glacier at Whataroa, you can likewise purchase fuel 12c per litre cheaper than at Franz.

The dumb tourists don't know they are being fleeced.
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