Price of Oil

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#2435464 10-Mar-2020 09:18

MikeB4:

As of this morning the price range for 91 in Wellington area is $2.02 to $2.31. For 95 it is $2.14 to $2.40. Diesel is $1.33 to $1.59

Which shows how intense the competition is at a retail level for fuel in the market right now. Fuel is still being effectively sold at cost in some areas and cross subsidies are occuring across the country.

wellygary

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#2435467 10-Mar-2020 09:24

MikeB4:

As of this morning the price range for 91 in Wellington area is $2.02 to $2.31. For 95 it is $2.14 to $2.40. Diesel is $1.33 to $1.59

Looks like Z have moved by 4c this morning, but only on 91,

The margins on 95 has blown out all over the place, (Until a year or so ago (ie the Com com enquiry) it used to be about 9c/litre.. but its now its much bigger)

tdgeek

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#2435469 10-Mar-2020 09:32

Gaspy for ChCh was 194 for 91 this morning, NPD as usual. Now its 191 at one Z, 192 at one NPD and 194 for the other NPD's other brands 196 and up

sen8or

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#2435471 10-Mar-2020 09:34

Oil companies continue to use the Theresa Gattung approach of confuse and deflect for pricing.

Someone only has to pass wind that might be mildly offensive in the middle east and there is an immediate price jump due to volatility in the market, but, when it goes the other way, there are always external factors outside the price of oil that influences petrol pricing at the pumps.

tdgeek

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#2435479 10-Mar-2020 09:48

189 at one Caltex in Chch, Bromley

sbiddle

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#2435499 10-Mar-2020 10:11

wellygary:

MikeB4:

As of this morning the price range for 91 in Wellington area is $2.02 to $2.31. For 95 it is $2.14 to $2.40. Diesel is $1.33 to $1.59

Looks like Z have moved by 4c this morning, but only on 91,

The margins on 95 has blown out all over the place, (Until a year or so ago (ie the Com com enquiry) it used to be about 9c/litre.. but its now its much bigger)

The margin on premium fuel has climbed to compensate for the 91 being sold at or below cost in some areas.

sbiddle

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#2435500 10-Mar-2020 10:13

tdgeek:

Gaspy for ChCh was 194 for 91 this morning, NPD as usual. Now its 191 at one Z, 192 at one NPD and 194 for the other NPD's other brands 196 and up

I was down in Southland on the weekend and was surprised to see Caltex Mataura had some of the cheapest petrol in all of Southland at 194.9 for 91 - now Z in Gore is showing 187.9 on Gaspy.

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#2435502 10-Mar-2020 10:15

tdgeek:

189 at one Caltex in Chch, Bromley

Gaspy shows this for Auckland (91 octane):

$2.137 @ Gull Rosebank

$2.139 @ several Z's

$2.15-2.22 everywhere else

Yay Auckland.

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floydbloke

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#2435903 10-Mar-2020 19:01

It's gonna take more than a few cents off the price of petrol to make up for the amount that my retirement funds have lost.🤑

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tdgeek

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#2435911 10-Mar-2020 19:16

floydbloke:

It's gonna take more than a few cents off the price of petrol to make up for the amount that my retirement funds have lost.🤑

It'll be fine (unless you are retiring next month) They always come back, invariably to new highs

tdgeek

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#2435914 10-Mar-2020 19:19

Handsomedan:

tdgeek:

189 at one Caltex in Chch, Bromley

Gaspy shows this for Auckland (91 octane):

$2.137 @ Gull Rosebank

$2.139 @ several Z's

$2.15-2.22 everywhere else

Yay Auckland.

Many NPDs in ChCh 185 for 91.

They must have flown fresh petrol from Saudi today :-)

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#2436345 11-Mar-2020 14:17

$1.79 at NPD Rolleston just now. Can't remember the last time I saw petrol that cheap in Canterbury

tdgeek

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#2436348 11-Mar-2020 14:22

apocalypso:

$1.79 at NPD Rolleston just now. Can't remember the last time I saw petrol that cheap in Canterbury

Saw that this monring, didn't post as its a one off, the other NPD havent changed here, although Wigram down during the day. Wonder how low it will go

wellygary

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#2436362 11-Mar-2020 15:20

tdgeek:

Many NPDs in ChCh 185 for 91.

They must have flown fresh petrol from Saudi today :-)

NPD buy wholesale off Mobil, so it might be a move to grab share......

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#2436484 11-Mar-2020 18:40

Anyone remember all the pundits saying back in 2008 when crude was nearly $150 per barrel that we would never see sub 100's for oil ever again.

Just goes to show you should never hang your hat on such statements.

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