Petrol prices are getting ridiculous!

[Toaster]

Went to fill up at BP Paraparaumu today and saw the price of BP ultimate had hit $1.92 per litre!!!


These prices are staggering!!! There doesn't seem to be much protest or media coverage about it nowdays but they are getting pretty dang close to $2 a litre again.

I don't know about anybody else but the cost of living and petrol prices are getting a bit obscene!

[quickbuck]

I take it that was for 98?

Was riding up all the Fuel Stations on the way up this morning thinking.... 1.77.9??? When did that happen?

yup, Ute will be for collection Dust, motorcycle for fun... And cycle for 3.5km trip to work....

[Gone Burger]

With you on that one Toaster. It absolutely sucks. Our total petrol bill a month for our vehicles is about $600.00 and incresing at the same speed as they raise their prices. And thats mostly commuting to work for us both. Would love to take the bike in more, but need a car to carry things for work most days, and winter is ruled out with black ice.

When gas got to $2.20 / litre it was almost undoable. Always on the look out for a job much closer to home.

Ba-hum-bug. They are buggas whoever "they"are.

[Toaster]

I was filling up a v8 Landrover!!

Nice to be able to borrow the car, but heck its a beast to fuel. The Busa is far better, just not so easy to use when carrying lots of stuff around.

[Gone Burger]

Gees the V8 sure would have stung you. Hense the reason Mike is selling his Ford Falcon XE to get his bike. Much more affordable to take out and enjoy.

[DougB]

What are you moaning about - many people pay more than the price of petrol for water in a bottle when they can get it free from a tap!!!!!

[SMOKEU]

Try paying for fuel when your car drinks a minimum of 16L/100km. That's when it's NOT on booooooooooooooooooooooooooooooost.

[Toaster]

What are you moaning about - many people pay more than the price of petrol for water in a bottle when they can get it free from a tap!!!!!

Yeah well thats their choice to be stupid.

The petrol companies and oil manufacturers are laughing at us I am sure.

[SS90]

Outside the UAE and the USA, I am pretty certain the the price if fuel in New Zealand is really not that bad.

Germany is €1.38,(NZD 2.72) Austria €1.10, (NZD 2.17), the cheapest I have ever seen is Croatia at something like (the equivalent of) €0.95 (NZD 1.87), and 2 of these countries have highway taxes to pick up the shortfall lost from the cheaper petrol.......

Sad as it is, it will hover around this price from now on, it's just that as Kiwi's we are used to having cheap fuel.....oh, and think how far it has to come!

[YellowDog]

Outside the UAE and the USA, I am pretty certain the the price if fuel in New Zealand is really not that bad.

Germany is €1.38,(NZD 2.72) Austria €1.10, (NZD 2.17), the cheapest I have ever seen is Croatia at something like (the equivalent of) €0.95 (NZD 1.87), and 2 of these countries have highway taxes to pick up the shortfall lost from the cheaper petrol.......

Sad as it is, it will hover around this price from now on, it's just that as Kiwi's we are used to having cheap fuel.....oh, and think how far it has to come!

You are correct in that Kiwi fuel is less expensive than most places I have been. But the NZ$ has remained strong at around US$0.70 so unless the price of oil has taken a hike recently (I don't think it has), I can't see why prices have crept up.

[Pascal]

$1.92 per litre!!!

Please refer to this graph (http://www.bp.com/liveassets/bp_internet/newzealand/corporate_newzealand/STAGING/local_assets/images/Unleaded_Breakdown570x349.jpg). It comes from here (http://www.bp.com/sectiongenericarticle.do?categoryId=16003793&contentId=7021414). 45% of that price is made up of tax. Tax that is supposedly going to fix our roads. (Ahahahaha).

So in reality, the cost of the product is just over a dollar.

[peasea]

What are you moaning about - many people pay more than the price of petrol for water in a bottle when they can get it free from a tap!!!!!

And a latte` is how much? What's the cost of that bollocks per litre?

[flyingcr250]

same old story with this bumhole country, you pay through the nose for a product or service that is completely inadequate and lagging behind the rest of the world.

[Quasievil]

Nah its cheap, its probably just your driving habbits that are expensive

[Bald Eagle]

With you on that one Toaster. It absolutely sucks. Our total petrol bill a month for our vehicles is about $600.00 and incresing at the same speed as they raise their prices. And thats mostly commuting to work for us both. Would love to take the bike in more, but need a car to carry things for work most days, and winter is ruled out with black ice.

When gas got to $2.20 / litre it was almost undoable. Always on the look out for a job much closer to home.

Ba-hum-bug. They are buggas whoever "they"are.

Yep Raumati to City 5 days a week on the bike. Getting harder to have any extra fuel for the weekend pleasure riding.

[EJK]

Please refer to this graph (http://www.bp.com/liveassets/bp_internet/newzealand/corporate_newzealand/STAGING/local_assets/images/Unleaded_Breakdown570x349.jpg). It comes from here (http://www.bp.com/sectiongenericarticle.do?categoryId=16003793&contentId=7021414). 45% of that price is made up of tax. Tax that is supposedly going to fix our roads. (Ahahahaha).

So in reality, the cost of the product is just over a dollar.


The graph is missing ACC cost. Yep, we do pay ACC via fuel too.

[Pascal]

The graph is missing ACC cost. Yep, we do pay ACC via fuel too.

Is that not included under normal taxes?

[rainman]

It's just the market at work. if you don't like it, find an alternative product or supplier. Having a whinge is all well and good, but isn't going to change anything.

Oh, and crude prices have been pretty steady around $80 for a while - although I seem to recall we buy some of our crude referenced off of Tapis (not WTI or Brent etc), so that's a bit dearer at $83. Pretty much spot on the 3 month average though so no compelling reason for a recent price hike, as I see things.

[Kwaka14]

it depends where in Austria, was 1.28 near Kaprun 2 weeks ago, not too bad here around 30kc (about $2.20nz for 95 octane) in Prague. NZ is nicely priced. Even Argentina last year was pretty close to NZ pricing and they have loads of Oil.


Outside the UAE and the USA, I am pretty certain the the price if fuel in New Zealand is really not that bad.

Germany is €1.38,(NZD 2.72) Austria €1.10, (NZD 2.17), the cheapest I have ever seen is Croatia at something like (the equivalent of) €0.95 (NZD 1.87), and 2 of these countries have highway taxes to pick up the shortfall lost from the cheaper petrol.......

Sad as it is, it will hover around this price from now on, it's just that as Kiwi's we are used to having cheap fuel.....oh, and think how far it has to come!

[Dave Lobster]

I have it on good authority that petrol is 1.15GBP a litre in the UK. That's about $2.52 in real money.

[EJK]

Is that not included under normal taxes?

Oh thats right. I guess that's it.
I was mistaken with another graph which had disambigunated percentage of "Tax".

[marty]

That's why I'm fanging around mostly on a C90 stepthru. 30km/l easy

[Ratti]

Hadnt really noticed the petrol going up. I use a diesal vanmost of the time and the price of that is creeping up again.
Just as well the bike has a tiny tank and is only for stress relief. I so would not want to be filling a big vehicle with fuel.

[Bald Eagle]

....oh, and think how far it has to come!
i do believe we have some of our own but we sell it so we can buy it back

[mashman]

And we've still got the GST rise to deal with when it goes up 2.5%... or an extra 5c per litre (give or take)

[Bren]

same old story with this bumhole country, you pay through the nose for a product or service that is completely inadequate and lagging behind the rest of the world.

Simple...if you don't like it here then move somewhere else....!


Yep Raumati to City 5 days a week on the bike. Getting harder to have any extra fuel for the weekend pleasure riding.
Hey....are you the rider that I see a lot coming over the Pukerua Bay Hill at about 2.20pm

[sinfull]

http://www.3rdrockenergy.com/make-ethanol-still.jpg

[dogsnbikes]

Simple...if you don't like it here then move somewhere else....!

Bloody tempting at time's considering I was told yesterday to come too Aussie and work on the Rig tenders and supply ship's apparently there is a shit load of job's and they just recieved a38% payrise :shit:so that cost will be asorbed into the fuel price as well

[Delerium]

Outside the UAE and the USA, I am pretty certain the the price if fuel in New Zealand is really not that bad.

Germany is €1.38,(NZD 2.72) Austria €1.10, (NZD 2.17), the cheapest I have ever seen is Croatia at something like (the equivalent of) €0.95 (NZD 1.87), and 2 of these countries have highway taxes to pick up the shortfall lost from the cheaper petrol.......

Sad as it is, it will hover around this price from now on, it's just that as Kiwi's we are used to having cheap fuel.....oh, and think how far it has to come!

wgats the average wage of those countries though?

[Pascal]

Oooo. Pretty graphs. Of 2000 (http://www.parliament.nz/NR/rdonlyres/E3FF7098-DBEF-4ECA-9E26-AB2AA13C39AC/448/0015Petrol3.pdf). But it gives an interesting real world cost of petrol though. I want to see the 2010 repeat of that though. The last decade had some interesting price changes.

[p.dath]

Buy shares in the oil companies if you think they are profiteering. They are publicly listed companies. No reason for you to miss out!

[mashman]

Buy shares in the oil companies if you think they are profiteering. They are publicly listed companies. No reason for you to miss out!

can you lend me 200K please :yes:

[avgas]

Put farts in Jars - run the bike on that.
KB is a good source of high quality farts too - just filter the dribble out.

[p.dath]

can you lend me 200K please :yes:

You don't need $200k. Most shares are under $100. Haven't checked a specific oil company. Usually it is better to buy then in $5k parcels otherise you'll get hit with a minimum brockerage fee.

[mashman]

You don't need $200k. Most shares are under $100. Haven't checked a specific oil company. Usually it is better to buy then in $5k parcels otherise you'll get hit with a minimum brockerage fee.

but if you woiuldn't mind... i'd just like the 200k to make some quick cash on a zero risk basis (not saying you ain't a nut case when it comes to debt collection), then I can pay you back, reinvest the earnings and not have to put a cent in... :)... Cheers for the stocks purchasing advice though :yes:

[p.dath]

but if you woiuldn't mind... i'd just like the 200k to make some quick cash on a zero risk basis (not saying you ain't a nut case when it comes to debt collection), then I can pay you back, reinvest the earnings and not have to put a cent in... :)... Cheers for the stocks purchasing advice though :yes:

Are you prepared to put down a testicle as collateral?

[p.dath]

ps. BP is currently trading at US$55 a share.
http://www.marketwatch.com/investing/stock/BP

The dividend is a meagre 0.84, so I wouldn't be buying this for an investment if you want to live of the return!

[mashman]

Are you prepared to put down a testicle as collateral?

You need to negotiate with my wife... she has them in her purse these days...

[Mudfart]

Put farts in Jars - run the bike on that.
KB is a good source of high quality farts too - just filter the dribble out.

eat dates, they make you fart good, rreeeeaaaaalllllll good.

[SPman]

Petrol prices ridiculous.........shit yeah..........91 is up to $1.27 out our way and bloody diesel is up to $1.26! Profiteering bastards!

(and don't bother converting it to $NZ - I don't get paid in $NZ)

[davebullet]

That does it, I'm going to switch the SV to diesel from now on (its a twin so shouldn't make much difference to its running).

[DangerMice]

didn't really notice the extra $0.25 to fill today. Until the scoot starts costing what the car used to ($240 a month), I don't really care how much it goes up. And at $45 a month at the moment, I think I've got a decent buffer to use up before I get there.... :scooter:

[Forest]

Blah. Blah. Blah.

Oil is an internationally traded commodity. If you don't want to pay the asking price then the oil companies will simply sell it to the countries that will pay.

[scracha]

wgats the average wage of those countries though?

Boo hoo. So the oil companies are gonna subsidise NZ just because of the shitty wages here? Get real.

[flyingcr250]

opec are the real crooks, when petrol prices were on the decline they decided to cut production of refined oil to nearly half of what they would normally produce, which of course tipped the scales in favour of demand rather than supply, which drives prices back up.

[YellowDog]

opec are the real crooks, when petrol prices were on the decline they decided to cut production of refined oil to nearly half of what they would normally produce, which of course tipped the scales in favour of demand rather than supply, which drives prices back up.

They'll charge as much as they can get away with. The US$140 odd per barrell price hike was a major contributor to the global downturn and when the price dropped to less than half of that they must have been regretting their greed.

I hope they've learnt from it. Cost me over NZ$30 to fill up yesterday :o

[Mom]

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10630271

Apparently we now have to worry about what is happening in the Singapore market. Any ideas why?

[riffer]

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10630271

Apparently we now have to worry about what is happening in the Singapore market. Any ideas why?

Because that's where the majority of the petrol we buy is refined.

[Mom]

Because that's where the majority of the petrol we buy is refined.

Really? What about Marsden then?

[riffer]

The price of petrol is related to the international refining margin (based on Singapore), which sets the fee the big four (who together own Marsden Pt) must pay to refine their crude. But while petrol prices have been pushed up by high global refining margins (caused by a lack of refining capacity for whatever reason), New Zealand refining fees are capped under a deal between NZ Refining and the big four. This means motorists are immediately paying for higher refining margins, but BP, Caltex, Shell and Mobil are not. New Zealand's market is not competitive at wholesale level. So although there is retail competition, it makes limited difference to prices.

[huff3r]

Haha... anyone care to hear about the petrol price in Kuwait?? How about NZ$0.35 a litre. Nope i'm not kidding. Mum can fill her car and the jetski for about $30 or something stupid like that. Amazing what happens when you take tax and transportation out of the picture :lol:

[Pascal]

Haha... anyone care to hear about the petrol price in Kuwait?? How about NZ$0.35 a litre. Nope i'm not kidding. Mum can fill her car and the jetski for about $30 or something stupid like that. Amazing what happens when you take tax and transportation out of the picture :lol:

If you take tax out of the equation our petrol price would be almost half of what it is now. That's scary. The problem is our government(s) have grown so used to taxing and spending our money without being accountable for it that even if they were to remove the tax here, they'd just push it up elsewhere to compensate. Because, you know, there will be a swathe of Unions / Labour / etc. supporters bitching if anybody dares to reduce the size of the government.

[BMWST?]

apparently petrol is dirt cheap in Venezuela

[SPman]

apparently petrol is dirt cheap in Venezuela
They got plenty of oil and a Dictator who looks after his Peons!

[EJK]

Just saw 182 @ BP on my way home.

[mashman]

The last time I remember filling up it was 178 cents for 95, today it was 190 cents for 95... there's lots of tax being made somewhere... wonder what it'll go towards?

[Cloggy]

Way back in 1981 when we came to this country, petrol was $0.71 per litre. Seems ridiculously cheap by today's prices. Until you put it into perspective. Back then my old man, who was a fully qualified sparky, earned a little under $10/hr. Now someone in a similar position would earn three or maybe four times that. But has petrol got three or four times as expensive in the meantime? No it hasn't. So compared to someones income petrol is probably still more affordable now than it has been. That's how I think about it and try and make myself feel better when I go and fill the car up. Have just recently in the last week sold my V8 Land Rover for the very reason that it was getting ridicilously expensive to run. Certainly am glad I've got a little Scorpio to run to work and back. $15 last almost two weeks.

[tri boy]

Gunna get a lot worse.

[ac3_snow]

holly crap I have no idea when the last time I actually looked at prices was but I thought it was about $1.60!! since I havnt driven a car for yonks and my bike still cost bout 20bux ish I havnt really noticed

[scumdog]

Went to fill up at BP Paraparaumu today and saw the price of BP ultimate had hit $1.92 per litre!!!


These prices are staggering!!! There doesn't seem to be much protest or media coverage about it nowdays but they are getting pretty dang close to $2 a litre again.


I don't know about anybody else but the cost of living and petrol prices are getting a bit obscene!

And driving a car that get 13mpg at best ( 6km per litre or so) it makes ya cringe a tad!!

[Coldrider]

And driving a car that get 13mpg at best ( 6km per litre or so) it makes ya cringe a tad!!May have to park up the company car and let the radar do the walking eh?

[scumdog]

May have to park up the company car and let the radar do the walking eh?

No, it's MY car I'm talking about ('66 Ford Thunderbird):weep:

[huff3r]

No, it's MY car I'm talking about ('66 Ford Thunderbird):weep:

But would you rather pay $60 or whatever less a week and drive a corolla? Or would you prefer to pay the extra and drive the Thunderbiird? I know which I'd choose!!!

Haha i drive my car for work and lose about $20-30 a week on what they pay to cover our petrol, but it's worth it cos i love my car :D

[scumdog]

But would you rather pay $60 or whatever less a week and drive a corolla? Or would you prefer to pay the extra and drive the Thunderbiird? I know which I'd choose!!!

Haha i drive my car for work and lose about $20-30 a week on what they pay to cover our petrol, but it's worth it cos i love my car :D

Yep, the second choice!:niceone:

And my 13 second '55 Ford truck is also fun - and gets at least 1 lkm a litre further than the T-bird...:woohoo:

[Toaster]

... New Zealand's market is not competitive at wholesale level. So although there is retail competition, it makes limited difference to prices.

Yep, its a classic Oligopoly.

[Forest]

Haha... anyone care to hear about the petrol price in Kuwait?? How about NZ$0.35 a litre. Nope i'm not kidding. Mum can fill her car and the jetski for about $30 or something stupid like that. Amazing what happens when you take tax and transportation out of the picture :lol:

The only catch is that you have to live in Kuwait.

A country which is quite frankly a shit-hole.

[Quasievil]

The only catch is that you have to live in Kuwait.

A country which is quite frankly a shit-hole.

Really, I didnt mind it to much, there is worse

[huff3r]

The only catch is that you have to live in Kuwait.

A country which is quite frankly a shit-hole.

Just wondering if you've been there? Cos it's pretty decent seeing as Dads house is on the beachfront, and free rent, within the company complex and its hot enough to use the beach most the year (too hot in summer!!).

So umm.. yeah not really a shithole

[Indiana_Jones]

I'm just enjoying the access to gas while I can ;)

Always look on the bright side of life, aye chaps

-Indy

[Forest]

Just wondering if you've been there? Cos it's pretty decent seeing as Dads house is on the beachfront, and free rent, within the company complex and its hot enough to use the beach most the year (too hot in summer!!).

So umm.. yeah not really a shithole

If you think a nice house on the beach is enough to stop a place being a shit-hole then you need a bit more life experience.

[sAsLEX]

Still on a downward trend according to excel and my current bikes thirst

[Indiana_Jones]

Still on a downward trend according to excel and my current bikes thirst

Why lol

-Indy

[huff3r]

If you think a nice house on the beach is enough to stop a place being a shit-hole then you need a bit more life experience.

So what makes it a shithole then? I've lived in a few different countries and visited many more, perhaps its you that should get out there and get some life experience? Yes everywhere is a shithole compared to NZ (shame most NZers dont see that), but it really isnt that bad. I can't see you coming up with any valid reasons for it being a shithole, if you think its similar to Iraq because its in that part of the world then your sadly mistaken because it is actually very americanised, due to their presence there ever since desert storm.

The only reason i didnt go there with them is because there is no future there for me, because unlike dad im not in a steady, well paying Chevron job already :lol:

[Pedrostt500]

It amazes me how short sighted we are, we all breathed a sigh of relife when the Ressesion hit the fuel prices, fuel prices dropped like a perverbial stone, particurly as the Speculators on the Fuel Futures markets got chased out by Banks folding World wide.
Any plans any one was considering for alternative fuels got shelved or forgotten, with the sudden abundance of cheaper fuel on the world market.
My prediction is we are going to pay much more this time around, particurly if we do not as a Nation look to becoming more self-sufficient, in our own fuel supply, and less needy on the International Markets for supply.
We have vast coal reserves and not all of it is on consevation land, Coal to Gasoline is old technolodgy, by applying modern technology it doesn't need to be as dirty as it once was.
There is also research on Algae to Oil, but I would doubt it would produce enough Oil for our countries needs, to make a significant impact, on our fuel demands.

The Up side for us as Motorcyclists, will be less cars on the roads, and probably more car drivers converting / returning to motorcycling.

[Big Dave]

Hmmm - see your problems.
This has no effect on me personally.
I only have one vehicle and it costs 20-something dollars a week to fill.

[Quasievil]

I love my employer

[huff3r]

It amazes me how short sighted we are, we all breathed a sigh of relife when the Ressesion hit the fuel prices, fuel prices dropped like a perverbial stone, particurly as the Speculators on the Fuel Futures markets got chased out by Banks folding World wide.
Any plans any one was considering for alternative fuels got shelved or forgotten, with the sudden abundance of cheaper fuel on the world market.
My prediction is we are going to pay much more this time around, particurly if we do not as a Nation look to becoming more self-sufficient, in our own fuel supply, and less needy on the International Markets for supply.
We have vast coal reserves and not all of it is on consevation land, Coal to Gasoline is old technolodgy, by applying modern technology it doesn't need to be as dirty as it once was.
There is also research on Algae to Oil, but I would doubt it would produce enough Oil for our countries needs, to make a significant impact, on our fuel demands.

The Up side for us as Motorcyclists, will be less cars on the roads, and probably more car drivers converting / returning to motorcycling.

Don't we already produce more than enough oil for our country? But it gets exported because it has low sulphur content and is far superior quality to overseas stuff, making it cheaper to ship it out, sell it off and then buy and import the cheap shit we put in our cars? And i personally don't see fuel prices getting too ridiculous, it's just a seasonal effect.... does everyone not remember that they started rising like this in early Autumn 2 years ago? Hitting the $2 mark in the middle of winter and then dropping down nice and low again? And of course if we panic over oil prices rising then the companies will be able to up the price all they want, if it doesnt phase us then they're less likely to raise them. Outcry against them has never worked...

[Big Dave]

I love my employer

You got nuffink.

http://bigdavecohen.blogspot.com

:-P

[Pedrostt500]

Don't we already produce more than enough oil for our country? But it gets exported because it has low sulphur content and is far superior quality to overseas stuff, making it cheaper to ship it out, sell it off and then buy and import the cheap shit we put in our cars? And i personally don't see fuel prices getting too ridiculous, it's just a seasonal effect.... does everyone not remember that they started rising like this in early Autumn 2 years ago? Hitting the $2 mark in the middle of winter and then dropping down nice and low again? And of course if we panic over oil prices rising then the companies will be able to up the price all they want, if it doesnt phase us then they're less likely to raise them. Outcry against them has never worked...

We can't exspect to keep a high Dollar value, wich is what helped us last time around even at $2+ a litre, as world economys start to get better so the cost of fuel will go up, yes with the American driving season coming up the Fuel prices will fluctuate, that is a given, but as Economys like India and China grow, and their Middle Class grows and choose to be more western in some aspects of their lives, ie owning cars, as well of the cost of moving raw and Processed materials around the World.

[Coldrider]

There is an excise tax increase, an ets increase, and possible gst increase yet to happen.

[huff3r]

There is an excise tax increase, an ets increase, and possible gst increase yet to happen.

Oh well, in the last 3 years the wage i get (minimum btw) has gone up by $3.50 an hour, and is set to increase even more. Feel sorry for the people on higher wages that dont get government-enforced pay-rises tho :lol:

Altho those people do get paid more than me :confused:

[Quasievil]

You got nuffink.

http://bigdavecohen.blogspot.com

:-P

HeHe, if I note down who I work for and what I drive I will get lynched on this thread

[Edbear]

HeHe, if I note down who I work for and what I drive I will get lynched on this thread

Hey we haven't had a good lynching for a while...

[Edbear]

Interesting how Gull sees it...

http://clearnet.co.nz/news-story.html?business~786225