Petrol prices getting close to last year's record. What about your city or town?

Forums › Transport (cars, bikes and boats) › Petrol prices getting close to last year's record. What about your city or town?

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5288 posts

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#2214084 10-Apr-2019 08:32

tehgerbil:

Complete rort - especially in CHCH. The most greediest owner sets the price in the morning, and within hours everyone has the same price within town. It's complete collusion. Greedy bastards.

I don''t get why someone (Not NPD) actually grows some balls and has it set to 5cpl less than everyone else?

I don't think you can say it is a rort, without knowing their return on investment.

A few years ago, a petrol station was a rubbish investment. I think it has improved, but by how much?

There was a petrol station for sale in queenstown for 3.5 million, with 800k net profit. That seems to be a decent return, but not astounding given the amount invested.

vexxxboy

4243 posts

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#2214152 10-Apr-2019 09:55

you have to love price wars in Rotorua , down to 187.9 this morning.

Common sense is not as common as you think.

BoerieGalore

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#2214263 10-Apr-2019 10:07

Filled up this morning at Fueling Kapiti, Currently $2.039/L.

tehgerbil

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#2214336 10-Apr-2019 12:31

I don't get it though - the stations are individually managed, some have expensive rents, other have cheaper rents, some have more PAYE costs, others have fewer, so why not pass on some savings to customers instead of it being a race to the bottom? Even NPD here who doesn't even have attendants charge the same as the big retailers. They must be creaming it!!

KiwiSurfer

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#2214631 10-Apr-2019 20:26

Oblivian:

Will double check but I believe around 12c. Like most rural cards and so on

What card is that on? BP, Mobil, Caltex?

tdgeek

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#2214632 10-Apr-2019 20:32

tehgerbil:

I don't get it though - the stations are individually managed, some have expensive rents, other have cheaper rents, some have more PAYE costs, others have fewer, so why not pass on some savings to customers instead of it being a race to the bottom? Even NPD here who doesn't even have attendants charge the same as the big retailers. They must be creaming it!!

Years ago I knew a guy who ran a station. Back then the margins were about 2c per litre. When prices went up or down they knew about it, and emptied or filled the tanks accordingly. Its different these days, but the price variances, the deals you get (not that long ago, you get 50c off if you spent x amount at a supermarket.)

Sometimes I wish that essentials are Govt controlled and owned and non profit. Capitalism is great if it earns, it innovates, but not if it uses

Nate001

639 posts

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#2214757 11-Apr-2019 07:43

Nate001:

221.9 Highbrook AKL this morning

In Auckland it has gone up another 5c overnight to 226.9

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plas

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#2214765 11-Apr-2019 07:56

The Z I drove past this morning was 2.30 (Christchurch).

Oblivian

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#2214768 11-Apr-2019 08:12

plas:
The Z I drove past this morning was 2.30 (Christchurch).

Thats 3 mon
1 Tues
3 Thurs

Holy crap

BoerieGalore

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#2214769 11-Apr-2019 08:22

tdgeek:

Sometimes I wish that essentials are Govt controlled and owned and non profit. Capitalism is great if it earns, it innovates, but not if it uses

Petrol is regulated in South Africa. Its was a terrible idea.

We need more unmanned "low cost" stations around. This helps bring bring down the price of other stations in the area. Fueling Kapiti is a good example of how well this works. BP/Z Kapiti are always far cheaper than BP/Z in other areas. If Fueling Kapiti disappeared, the price of fuel on the coast is sure to increase. If fuel was regulated we would not have this benefit.

NzBeagle

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#2214770 11-Apr-2019 08:24

BoerieGalore:

We need more unmanned "low cost" stations around. This helps bring bring down the price of other stations in the area. Fueling Kapiti is a good example of how well this works. BP/Z Kapiti are always far cheaper than BP/Z in other areas. If Fueling Kapiti disappeared, the price of fuel on the coast is sure to increase. If fuel was regulated we would not have this benefit.

Does anyone else find the manned v unmanned is starting to stretch a little now that the likes of BP is the equivalent of a bakehouse, Krispy Kreme and coffee shop in one.

tdgeek

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#2214772 11-Apr-2019 08:30

BoerieGalore:

tdgeek:

Sometimes I wish that essentials are Govt controlled and owned and non profit. Capitalism is great if it earns, it innovates, but not if it uses

Petrol is regulated in South Africa. Its was a terrible idea.

We need more unmanned "low cost" stations around. This helps bring bring down the price of other stations in the area. Fueling Kapiti is a good example of how well this works. BP/Z Kapiti are always far cheaper than BP/Z in other areas. If Fueling Kapiti disappeared, the price of fuel on the coast is sure to increase. If fuel was regulated we would not have this benefit.

Assuming those that run them don't chase the collusion/passive cartel model that many seem to do. 14c cheaper. Not a lot. How much does a manned station make on other goods they sell, such as trailers, food, drink, etc? Maybe FK should be more cheaper but rakes in some extra margin on the hidden pretence that its unmanned and cheaper. Only they know that ansswer

BoerieGalore

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#2214788 11-Apr-2019 08:51

tdgeek:

Assuming those that run them don't chase the collusion/passive cartel model that many seem to do. 14c cheaper. Not a lot. How much does a manned station make on other goods they sell, such as trailers, food, drink, etc? Maybe FK should be more cheaper but rakes in some extra margin on the hidden pretence that its unmanned and cheaper. Only they know that ansswer

Does is really matter what their profits are? There is no doubting that these unmanned stations help drive pricing down.

vexxxboy:

you have to love price wars in Rotorua , down to 187.9 this morning.

Rotorua seems to have the cheapest fuel in the country? How many of these unmanned stations there are in Rotorua? Do you believe they are part of the reason for the cheaper fuel?

Dingbatt

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#2214789 11-Apr-2019 08:54

2.169 at our local Gull self serve in West Wuckland. That includes the 11.5c Goff Tax.

“We’ve arranged a society based on science and technology, in which nobody understands anything about science technology. Carl Sagan 1996

sbiddle

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#2214806 11-Apr-2019 09:15

mattwnz:

If they keep decreasing interest rates then the NZ dollar will continue to dro pin value compared to the US, so petrol will be more expensive to buy. Except our house prices will keep going up, as people will be able to afford to service larger mortgages, so that will make many feel rich and keep people happy.

And further messes up the housing market because there is zero point in having money in the bank (which now factoring inflation in gets a zero return) when you can invest in property and get a return.

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