Petrol goes back up... Funny that.

[slofox]

Just heard the RNZ news that petrol has gone up again...I knew that would happen. How? Because they dropped the price a week or so back. Which usually means they are preparing to jump the price up again...nnnngrgrgrrrr.

[Meanie]

Fuel companies and government, the only moungrels making any profit at the moment, and at our expense

[Forest]

I don't expect you'll believe it, but retail petrol has incredibly low margins.

The oil companies make their money before the crude oil gets sold to the refiner for conversion into petrol & diesel fuel.

[mattian]

some guy in a huge tank of a thing asked me the other day at the fuel pumps how much it costs to fill up my bike. When I told him that I've never spent more that $20 to fill up..... he cracked up laughing! and just walked away!. I am sure he thought I was joking! I don't think he believed me at all.

[Quasievil]

Who Cares what the price of gas is I dont :Punk:

[Meanie]

Who Cares what the price of gas is I dont :Punk:

Sweet, ill send you my business fuel bill :laugh:

[slofox]

Who Cares what the price of gas is I dont :Punk:

I care. Because when petrol goes up, wine sales from my store go DOWN! So yes, I do care 'cause it means I have less money to spend on petrol for my bike and it costs more anyway so I I.. I.. uh..umm summat. :blink:

[YellowDog]

Just heard the RNZ news that petrol has gone up again...I knew that would happen. How? Because they dropped the price a week or so back. Which usually means they are preparing to jump the price up again...nnnngrgrgrrrr.
This is quite an odd one as they buy in huge quantities so the price should not fluctuate in just one week since the price reduced.

[peasea]

In reality we pay a pretty reasonable price per litre, I think (at last count) it was the fifth cheapest on the planet, behind Mexico, the US, Canada and Australia.

Go here for a nosey and stop whinging.

http://www.med.govt.nz/templates/ContentTopicSummary____20094.aspx

[p.dath]

Fuel companies and government, the only moungrels making any profit at the moment, and at our expense

Well, if you think they make a lot of money then buy some shares in the fuel companies. They are all publicly listed. Then you could share in the profits.

[steve_t]

I thought the NZ market was so un-lucative (word?) that Shell and Mobil are thinking of selling all their stations... ?

[wickle]

I thought the NZ market was so un-lucative (word?) that Shell and Mobil are thinking of selling all their stations... ?
more likely pulling they investment and selling off their sites to private companys as a prev/post said OIL COMpAnies make huge profits

[Hitcher]

I really like the way that the oil companies take their turn in being first to lower their prices and first to put them up again. That means there's competition between them, didn't you know.

[Elysium]

Shareholders must be grumbling again.

[Quasievil]

How dare oil companies make such huge profits!!!!
We should protest NOW and together come up with a few hundred Billions of dollars so we can explore our own oil fields develop via our own research companies, oil rigs, refining plants, petrol stations along with all the logistical stuff

yeah we will show them fuckers that we can drill oil and develop it and distribute it for way below the massively high price of a $1.68 a litre !!!


Bastards !!!
:shifty:

[Mom]

I am so much a victim that I give up. Really I do. I try and argue my position and get told I dont understand business, I am totally consumer orientated I can not see the BIGGER PICTURE.

I understand that the world commodity market is volatile, it moves by the minute, sometimes by the second. Once upon a time I used to be involved in the spot currency market, that moves really fast sometimes. I never dealt in commodities, so use my "gut" to know that it must be the same.

My clients used to buy forward cover to avoid huge peaks and troughs, so they could deliver their product at the same rate most of the time. Sure they used to have to increase prices (they never decreased them) but it was a planned and budgetted for increase, not a monthly, weekly, daily movement like we see with petrol at the pump.

Perhaps I am actually ignorant, I wont be that surprised, I have heard it often enough. Call me Trevor and stick a candle up my bum if there is not more than a little bit of making twice the hay you usualy do in a normal season, about the way petrol prices go.

[Meanie]

Well, if you think they make a lot of money then buy some shares in the fuel companies. They are all publicly listed. Then you could share in the profits.

I would but cant afford to cause i,m paying too much for petrol :laugh:

[steve_t]

Call me Trevor and stick a candle up my bum if there is not more than a little bit of making twice the hay you usualy do in a normal season, about the way petrol prices go.

Evidenced by the price at the pump going up as soon as crude goes up or the NZ$ goes down, but taking at least a week or three to go down if the opposite happens :2guns:

[davereid]

I don't expect you'll believe it, but retail petrol has incredibly low margins. The oil companies make their money before the crude oil gets sold to the refiner for conversion into petrol & diesel fuel.

Its very common in vertical markets - that is anywhere a product is controlled by one provider from source to consumer.

For example, you might be selling a special product, made of potatoes.

You might grow the potatoes in New Zealand.

But we are a high-tax country, so when you sell them, you will sell them to your Singapore branch, almost at cost. Singapore is low tax, so you will do all the production, all the packaging, all the profit making in Singapore, as you will pay little tax.

Then you will export the product, back to N.Z. where your N.Z branch will buy the product, and you guessed it, sell it at virtually cost.

Plenty of profit made, but no tax paid in N.Z, or anywhere else with high tax for that matter.

[Elysium]

What I can't understand is why the price goes up on petrol straight away because oil prices go up. But why straight away?

I mean the oil that increased in price is still sitting in its drum and hasn't been refined yet but we suddenly have to pay more for petroleum that was refinded long ago from oil that was cheaper.