2026 Fuel Prices & Security of Supply

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Ultimate Geek
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#3493854 19-May-2026 18:53

wellygary:

The problem is that "Mr IEA's" Creditability is pretty low,

A month ago he came out and said that Europe had "maybe six weeks of jet fuel left" to which everyone said that's simply wrong..."https://www.bbc.com/news/articles/czjw2kz0l22o

Here's the raw interview footage, he come across as totally out of his depth making such broad sweeping statements...

Oh, ATM is now a response.

Crisis start gradually until they happen suddenly.

Trump cannot afford to back down for political reasons.

The IRGC will not back down.

So we have a stalemate meanwhile we are living literally on borrowed time, and oil.

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JPNZ

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#3501802 10-Jun-2026 14:34

JPNZ:

JPNZ:

Diesel price down 22 Cents a litre 13-5-26 to 19-5-26 now $2.74 a litre

Diesel price $2.77 a litre up 3 cents on last week

I hadn't updated this for a while as minor weekly movement 1-3 cents.

Prices for the upcoming week (10/6/26 to 16/6/26) just dropped 40c a litre to $2.41 a Litre for Diesel

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deepred

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#3501839 10-Jun-2026 19:23

fastbike:

wellygary:

The problem is that "Mr IEA's" Creditability is pretty low,

A month ago he came out and said that Europe had "maybe six weeks of jet fuel left" to which everyone said that's simply wrong..."https://www.bbc.com/news/articles/czjw2kz0l22o

Here's the raw interview footage, he come across as totally out of his depth making such broad sweeping statements...

Oh, ATM is now a response.

Crisis start gradually until they happen suddenly.

Trump cannot afford to back down for political reasons.

The IRGC will not back down.

So we have a stalemate meanwhile we are living literally on borrowed time, and oil.

In other words, the most likely outcome is a cross between the Korean War armistice, and Britain's embarrassing withdrawal in the Suez Crisis?

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Handle9

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#3501849 10-Jun-2026 22:12

deepred:

In other words, the most likely outcome is a cross between the Korean War armistice, and Britain's embarrassing withdrawal in the Suez Crisis?

The most likely outcome is the same as the Obama deal that Trump tore up, started a war and then got the same deal.\

All hail the art of the (shit) deal.

cddt

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#3501899 11-Jun-2026 06:36

Handle9:

The most likely outcome is the same as the Obama deal that Trump tore up, started a war and then got the same deal.\

All hail the art of the (shit) deal.

I'm not sure I would say that is the most likely outcome. It's probably the best outcome we can hope for, but I suspect the final agreement will be likely to favour Iran more than Obama's Joint Comprehensive Plan of Action. Trump will of course tart it up as a "better" deal.

elpenguino

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#3501980 11-Jun-2026 10:17

cddt:

Handle9:

The most likely outcome is the same as the Obama deal that Trump tore up, started a war and then got the same deal.\

All hail the art of the (shit) deal.

I'm not sure I would say that is the most likely outcome. It's probably the best outcome we can hope for, but I suspect the final agreement will be likely to favour Iran more than Obama's Joint Comprehensive Plan of Action. Trump will of course tart it up as a "better" deal.

I'm really interested to see how it plays out with Israel and the US. Israel is seizing the opportunity to continue punching while Iran is down but in return Iran is prolonging this conflict which makes Trump look like he is not in charge.

That is one thing Trump cannot stand and I am interested to see if he gets the hump this drives a wedge between Israel and their biggest supporter.

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eracode

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#3501982 11-Jun-2026 10:27

Saw 91 at $2.99/L at our local U-Go this morning. First time under $3 for a long time - but it is ‘discount Thursday’ for the local stations.

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JPNZ

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#3501984 11-Jun-2026 10:38

eracode:

Saw 91 at $2.99/L at our local U-Go this morning. First time under $3 for a long time - but it is ‘discount Thursday’ for the local stations.

Yep discount day in Chch 91 is $2.90 at NPD, Waitomo and UGo

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Benoire

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#3501986 11-Jun-2026 10:52

And... the US is now 'retaliating' for the attack on the helicopter... so as expected, disruption will continue and the draw down of strategic reserves will reach a point where the current prices become unsustainable.

wellygary

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#3501987 11-Jun-2026 10:52

JPNZ:

eracode:

Saw 91 at $2.99/L at our local U-Go this morning. First time under $3 for a long time - but it is ‘discount Thursday’ for the local stations.

Yep discount day in Chch 91 is $2.90 at NPD, Waitomo and UGo

Waitomo in Welly has 91 and Diesel for $2.78 with '95 for $2.96..

wellygary

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#3501988 11-Jun-2026 10:57

Benoire:

And... the US is now 'retaliating' for the attack on the helicopter... so as expected, disruption will continue and the draw down of strategic reserves will reach a point where the current prices become unsustainable.

The rumour is that the Helicopter was downed after a collision at night with an Iranian Shahed drone...

Its unclear if the Apache was actually targeted, and was potentially simply in the Drones flight path... ( they are quite stealthy and at night it would be really hard to see one)

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SaltyNZ

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#3501989 11-Jun-2026 10:59

Benoire:

And... the US is now 'retaliating' for the attack on the helicopter... so as expected, disruption will continue and the draw down of strategic reserves will reach a point where the current prices become unsustainable.

They did that yesterday. Today's attack is because Trump says:

"We were really close to the deal but they keep tapping us along, they keep playing us for suckers," he said. "You know what, they dealt with some very stupid presidents."

I mean, they're just playing the hand you dealt them, Donnie. If they're playing you for a sucker, it's because you're a sucker, Mr. Shart of the Deal.

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SaltyNZ

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#3501990 11-Jun-2026 11:02

wellygary:

Benoire:

And... the US is now 'retaliating' for the attack on the helicopter... so as expected, disruption will continue and the draw down of strategic reserves will reach a point where the current prices become unsustainable.

The rumour is that the Helicopter was downed after a collision at night with an Iranian Shahed drone...

Its unclear if the Apache was actually targeted, and was potentially simply in the Drones flight path... ( they are quite stealthy and at night it would be really hard to see one)

If true, that's incredible bad luck for the chopper pilots. The entire Strait of Hormuz, and they just happen to be within an approximately 1m x 1m box the drone will be flying through.

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geoffwnz

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#3501991 11-Jun-2026 11:07

SaltyNZ:

wellygary:

Benoire:

And... the US is now 'retaliating' for the attack on the helicopter... so as expected, disruption will continue and the draw down of strategic reserves will reach a point where the current prices become unsustainable.

The rumour is that the Helicopter was downed after a collision at night with an Iranian Shahed drone...

Its unclear if the Apache was actually targeted, and was potentially simply in the Drones flight path... ( they are quite stealthy and at night it would be really hard to see one)

If true, that's incredible bad luck for the chopper pilots. The entire Strait of Hormuz, and they just happen to be within an approximately 1m x 1m box the drone will be flying through.

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johno1234

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#3501995 11-Jun-2026 11:32

Gas station price fluctuations strike me as completely random. Gaspy today has the local Mobil at pump price 282.9/255.9 for 91 and diesel - that is the non-discounted price. I hear that the Smiles discount card isn't working there but my GoFuel card discount is done on the monthly invoice so I'd pay about 2.70/2.45.

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