Petrol prices will escalate!!

[munterk6]

Check this out! I think we are being forewarned here, what can we do about this? It will decimate our local economy and job losses galore!!
Think of the implications $3 a litre will cause.

http://stuff.co.nz/4507628a10.html

[HRT]

And how much of the price will be going in the governments pocket?

[Skyryder]

It'll be interesting to see how much petrol prices will fall if Key gets elected and reduces corperate tax. Don't hold your breath on this one.

Skyryder

[Coyote]

I haven't been to the hospital in years! Lets get rid of them and cut tax, they're run like shit anyway.

[Mully]

It'll be interesting to see how much petrol prices will fall if Key gets elected and reduces corperate tax. Don't hold your breath on this one.

Skyryder

My guess will be the same as what happened when Gull and Challenge came into the market - prices dropped immediately, and then started creeping back up as the new boys joined the club.

They'll drop the price slightly (our profits aren't much per litre, so we can't drop it too much) and then start the creep back up to fatten their profit margins.

Of course, Challenge is now owned by Caltex.

[Big Dan]

kinda makes you think about more moving to aussie i know its been on my mind lately cause NZ is getting worse and worse and that stupid gubbermint does nothing to help i reckon the whole country should boycott the election in protest

i've been using the R word lately with co-workers and we agree that NZ is heading to a recession and the latest job loses are just the start

with the petrol price rising all the time the public transport system will have to put there prices up

Something needs to happen Mr Helen Clark and Mrs Micheal Cullin need to give us something

is there anything we as a country can do

[trumpy]

And how much of the price will be going in the governments pocket?

Not just the Gubbermint, all of the petrol companies have had considerably better bottom lines this last financial year and you can be damned sure that the improvement was not due to cost savings, write downs etc. We are certainly getting screwed by the Gubbermint (particularly in terms of return on our tax investment) but there are a few other willing parties as well. I am a free marketeer by nature but I think there are times when a good case can be made both socially and economically for price controls on essential goods.

[Forest]

The NZD is likely to decline in value (relative to the USD) over the next 12 months. Even if the price of oil stays constant, this will lead to even greater fuel costs in NZ as oil is traded internationally in USD.

[Mikkel]

As long as there is petrol to buy I think we should consider ourselves lucky.

[eliot-ness]

It's interesting to note that in the US gas prices are falling.
Current price in the most expensive state, California for premium grade varies from $US3,98 to $US4,35 per US gallon.
The doomsday prophets will be right, some day, but I doubt it will be in the near future. Oil companies and car manufacturers work hand in glove and are not about to cut their own throats by making petrol unaffordable until they have a viable alternative that everyone can afford.

[onearmedbandit]

Price rises sound good to me, price all the losers in their piece of shit cars off the roads.

[Gubb]

...gubbermint...

...Gubbermint......Gubbermint...

I think I need to change my name by deed poll.

[YellowDog]

UK Petrol is presently NZ$2.80/ltr.

[trumpy]

I think I need to change my name by deed poll.

http://www.growlery.com/wigwam/2004/...-mah-name.html

[munterk6]

Price rises sound good to me, price all the losers in their piece of shit cars off the roads.

I like the way you think Mr Bandit, problem is, every product we buy has a fuel cost component to it....remember? = price rises


Quote...UK Petrol is presently NZ$2.80/ltr.

yeah, but their standard of living is higher due to higher incomes etc.