Petrol price increases

[jrandom]

That's because Betty has a bigger engine ya dozey bastard...

Actually, the mighty Laser, being a 1.6L, had 200cc on her, and did, in fact, get significantly awfuller fuel economy (10km/L versus 15km/L).

Still.

It must suck to be poor.

[NZsarge]

the worst pirate is Michael Cullen as something like 50% is tax. Excise tax first then GST, so you're paying GST on tax. Tax on tax so's to speak.

One wonders where exactly that 50% tax goes, I mean with record funds in the government coffers why:
-are'nt all major highway upgrades being funded out of said 50% taxes instead of putting yet another tax on fuel (area specific)
-don't they reduce the level that they tax fuel to ease the cost of living consider nearly everything a person buy is bought in by something that burns fuel.

If it ever did get to $5 litre..then it would be bye bye bike for me.

As I mentioned above about the cost of living and the double fold the effect fuel prices has on it I seriously doubt whether lower to middle income earners could actually live on said incomes.

[The Pastor]

It will keep going up if your prepared to pay for it. If they can raise the price and people will still buy gas then it was obviously too cheap if the first place wasn't it. The only way it will go down is if everyone decides its too expensive to drive unless its absolutely necessary and thats not going to happen for a while.

And yes I hate paying $30 to fill up

the only way gas will become too expensive, is when it is more than the average wage.

[Forest]

Increase production of the oil fields off the coast of NZ

Stop selling all the oil produced overseas

NZ currently imports three times as much oil as we export.

Our domestic oil production is tiny and would not be enough to satisfy local demand.

Nationalise the petrol manufacturing facilities

We already tried that as part of the Think Big initiatives. It cost us far more than it ever saved and the Government ended up selling the refinery assets off to the NZRC.

Ask countries like Equador how they supply their internal customers so cheaply

Countries like venezuela provide their citizens with massive government subsidies for oil.

You want to pay more in taxes in return for a lower petrol price? That's just stupid.

Tell the "septics" and "camel jocks" to take a hike.

They don't set the price of fuel. The price is set by buyers on the global markets and increasing global demand means higher prices are unavoidable.

Five year oil futures contracts are trading at over $100 per barrel. This means that high oil prices are going to be here for the next few years.

[Finn]

Some nerd at the office just brought a hybrid. The lads are trying to figure out how to short it.

[Jimmy B]

Some nerd at the office just brought a hybrid. The lads are trying to figure out how to short it.

Just make sure he doent get wind of it, if he takes offence and tries to run you down with the thing, you'll never hear it coming....

[barty5]

Fact is yhou have to buy it regardless of the price, if it was $5 a litre i would still buy it.

It's a part of life, deal with it.

And by the time your let loose back on the road it proberly will easy for to say who cares when you only ride a BMX. Shit by the time i fell the car and bike and take a spare 10L for day day out on Motox bike thats cost me $150 in just fuel for the day to go to huntly and back home.

[barty5]

Some nerd at the office just brought a hybrid. The lads are trying to figure out how to short it.

last one of those that came into work shop had a card that needed to go in to slot, nice big magnet next to it should kill it.

[skidMark]

And by the time your let loose back on the road it proberly will easy for to say who cares when you only ride a BMX. Shit by the time i fell the car and bike and take a spare 10L for day day out on Motox bike thats cost me $150 in just fuel for the day to go to huntly and back home.

Errr i do ride things apart from bmxs that ive been putting fuel in recently, and i noticed a big difference in cost to when i had my bike of the same model, no point complaining though just pay it and taste ze freedom.

[tri boy]

Theres interesting reading online about the growing shortage of oil.
Basically, Russia (the second biggest producer of crude) is running dry. their pumping stats are dropping about 1-2% a year. Doesn't sound like much, but it is.
The US will be shitting itself very soon. There domestic use far outweighs what its local fields can produce.
The Arabs will be flat out supplying the requests over the next 5-10 yrs.
New fields are piddly in comparison. Get used to $2/ltr, it will seem cheap in 18mths.

[Finn]

I don't give a damn about the oil shortage just as long as petrol doesn't run out. Think about it. You only change your oil a couple of times a year. Big deal.

[swbarnett]

So, er, how about those roads that keep breaking up? The concrete barriers we'd like instead of cheesecutters? Replacing shit-house chipseal with tarmac? Resealing a road instead of putting down so many tar-snakes that there's more tar than road?

Where'd they get the money to do that again?

Most of the tax currently on petrol goes nowhere near the raods.

[swbarnett]

I don't give a damn about the oil shortage just as long as petrol doesn't run out. Think about it. You only change your oil a couple of times a year. Big deal.

Umm... Petrols is made from oil...

(or is my p/t meter on the fritz?)

[swbarnett]

If it ever did get to $5 litre..then it would be bye bye bike for me.

Even with the way prices are going at the moment, some days i question weather i need the extra expense or just admit defeat and catch the bus.

No matter what the price of petrol does commuting by bike will still be cheaper than taking the bus.

[BIHB@0610]

Umm... Petrols is made from oil...

(or is my p/t meter on the fritz?)

I was thinking exactly the same thing ......

Personally, I think it's great petrol's going up in price - it's making me think twice about using the car, I'm combining trips more often, and driving with a lighter foot. I even walked to get a latte today ......all in all, it's gotta be good for reducing our carbon emissions. Though for businesses, and low and middle income earners I realise it sucks.