Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




334 posts

Ultimate Geek
+1 received by user: 147


Topic # 222821 30-Aug-2017 08:18
One person supports this post
Send private message quote this post

Petrol prices have increased again, breaking the $2 per litre mark in Christchurch, it appears the investigation by the Government was a complete sham?

 

Anyone in the industry care to comment on the latest price increases?


View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2 | 3 | 4
323 posts

Ultimate Geek
+1 received by user: 43


  Reply # 1855077 30-Aug-2017 08:28
Send private message quote this post

Hurricane Harvey?


Onward
11341 posts

Uber Geek
+1 received by user: 5056

Trusted
Subscriber

  Reply # 1855078 30-Aug-2017 08:29
Send private message quote this post

Increase in crude oil prices and exchange rate changes. The NZ $ is worth less US dollars currently. That probably does not justify the entire increase as they probably gained some margin by stealth

 

 

 





Mike
Retired IT Manager. 
The views stated in my posts are my personal views and not that of any other organisation.

 

 It's our only home, lets clean it up then...

 

Take My Advice, Pull Down Your Pants And Slide On The Ice!

 

 


 
 
 
 


2085 posts

Uber Geek
+1 received by user: 999


  Reply # 1855079 30-Aug-2017 08:30
Send private message quote this post

Prices around here have stayed the same or even dropped. But I think that's more to do with the presence of Waitomo (one has just opened in PN :) ) than the Govt investigation.

 

Maybe also why the OP is paying more, as oil companies maintain their overall profit levels by gouging those that they still can.

 

 


3568 posts

Uber Geek
+1 received by user: 387

Trusted

  Reply # 1855080 30-Aug-2017 08:32
3 people support this post
Send private message quote this post

I think the NZ dollar sneezed and changed by $0.00000001 which means that prices have to go up.  Don't worry, when it recovers and holds for 2 weeks by $0.95 to the USD petrol will go back down





Previously known as psycik

NextPVR/OpenHAB: 
Gigabyte AMD A8 Brix --> Samsung LA46A650D via HDMI, NextPVR,OpenHAB with Aeotech ZWave Controller
Media:Chromecast v2, ATV4, Roku3, Raspberry PI temperature Sensors and Bluetooth LE Sensors,HDHomeRun Dual
Windows 2012 
Host (Plex Server/Crashplan): 2x2TB, 2x3TB, 1x4TB using DriveBender, Samsung 850 evo 512 GB SSD, Hyper-V Server with 1xW10, 1xW2k8, 2xUbuntu 16.04 LTS, Crashplan, NextPVR channel for Plex,NextPVR Metadata Agent and Scanner for Plex


2947 posts

Uber Geek
+1 received by user: 836

Trusted
Subscriber

  Reply # 1855083 30-Aug-2017 08:35
Send private message quote this post

They're probably building up for a big 'discount' at the weekend.


3276 posts

Uber Geek
+1 received by user: 949


  Reply # 1855085 30-Aug-2017 08:36
Send private message quote this post

Isn't Houston under water? Maybe that is why. 

 

I don't see the govt investigation going far.   

 

Never forget, it was govt has has increased taxes on petrol by quite some bit over the last few years. I believe they now collect around 75c/litre in tax after gst.

 

To be fair, 91 is selling for between 1.69 and 1.75 around Tauranga.  The gull effect I suppose. 


2085 posts

Uber Geek
+1 received by user: 999


  Reply # 1855086 30-Aug-2017 08:37
Send private message quote this post

MikeB4:

 

... exchange rate changes. The NZ $ is worth less US dollars currently. 

 

 

Not entirely true... whilst it dropped over the last couple of weeks, apart from that peak it's now higher than it has been for a year.

 

https://www.anz.co.nz/personal/migrants-travel-foreign-exchange/fx/exchange-rate-graphs/nzd-usd/

 

 

 


3276 posts

Uber Geek
+1 received by user: 949


  Reply # 1855088 30-Aug-2017 08:41
Send private message quote this post

frankv:

 

Not entirely true... whilst it dropped over the last couple of weeks, apart from that peak it's now higher than it has been for a year.

 

 

They would use hedging too, so daily/weekly fluctuations mean very little. 


Onward
11341 posts

Uber Geek
+1 received by user: 5056

Trusted
Subscriber

  Reply # 1855090 30-Aug-2017 08:43
Send private message quote this post

We buy our petrol now not last year, You need to compare the current price of crude. The price of crude has risen and the exchange overall is trending down, its up a bit this morning on early trades but by weeks end it will be down. I am not saying this fully justifies the increases but it goes part way.





Mike
Retired IT Manager. 
The views stated in my posts are my personal views and not that of any other organisation.

 

 It's our only home, lets clean it up then...

 

Take My Advice, Pull Down Your Pants And Slide On The Ice!

 

 


323 posts

Ultimate Geek
+1 received by user: 43


  Reply # 1855091 30-Aug-2017 08:46
Send private message quote this post

"Ten oil refinery plants in the Houston area and Corpus Christi are shutting down because of the storm, according to a report released Sunday by S&P Global Platts. They normally have the capacity to refine about 2 million barrels of oil a day."

 

 

 

"Overall, the Gulf area is home to refineries and other operations that account for nearly one-third of the nation's capacity to turn oil into gas, diesel and other products."

 

 

 

They have to replace those refined products from someplace else...


Onward
11341 posts

Uber Geek
+1 received by user: 5056

Trusted
Subscriber

  Reply # 1855094 30-Aug-2017 08:50
Send private message quote this post

Our supplies come mainly from Asia and the Middle east purchased in US $





Mike
Retired IT Manager. 
The views stated in my posts are my personal views and not that of any other organisation.

 

 It's our only home, lets clean it up then...

 

Take My Advice, Pull Down Your Pants And Slide On The Ice!

 

 


2423 posts

Uber Geek
+1 received by user: 529


  Reply # 1855095 30-Aug-2017 08:50
Send private message quote this post

1.69 in Rotorua this morning for 91


1519 posts

Uber Geek
+1 received by user: 879

Trusted
Subscriber

  Reply # 1855111 30-Aug-2017 09:04
Send private message quote this post

$167.9 the other day Auckland, North Shore Mobil

Linux

323 posts

Ultimate Geek
+1 received by user: 43


  Reply # 1855112 30-Aug-2017 09:08
One person supports this post
Send private message quote this post

MikeB4:

 

Our supplies come mainly from Asia and the Middle east purchased in US $

 

 

New Zealand may not get their refined products from the American markets. But currently --- the Americans would most likely be buying refined products from markets they don't normally buy from. Buying from where NZ does....causing a price rise.


13243 posts

Uber Geek
+1 received by user: 2216

Trusted
Subscriber

  Reply # 1855114 30-Aug-2017 09:10
Send private message quote this post

tehgerbil:

 

Petrol prices have increased again, breaking the $2 per litre mark in Christchurch, it appears the investigation by the Government was a complete sham?

 

 

The investigation was done, but I believe the results and actions aren't being accounced until after the election.





AWS Certified Solution Architect Professional, Sysop Administrator Associate, and Developer Associate
TOGAF certified enterprise architect
Professional photographer


 1 | 2 | 3 | 4
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Huawei Mate 10: Punchy, long battery life, artificial intelligence
Posted 20-Nov-2017 16:30


Propel launch Disney Star Wars Laser Battle Drones
Posted 19-Nov-2017 21:26


UFB killer app: Speed
Posted 17-Nov-2017 17:01


The case for RSS — MacSparky
Posted 13-Nov-2017 14:35


WordPress and Indieweb: Take control of your online presence — 6:30 GridAKL Nov 30
Posted 11-Nov-2017 13:43


Chorus reveals technology upgrade for schools, students
Posted 10-Nov-2017 10:28


Vodafone says Internet of Things (IoT) crucial for digital transformation
Posted 10-Nov-2017 10:06


Police and Facebook launch AMBER Alerts system in NZ
Posted 9-Nov-2017 10:49


Amazon debuts Fire TV Stick Basic Edition in over 100 new countries
Posted 8-Nov-2017 05:34


Vodafone VoIP transition to start this month
Posted 7-Nov-2017 12:33


Spark enhances IoT network capability
Posted 7-Nov-2017 11:33


Vocus NZ sale and broadband competition
Posted 6-Nov-2017 14:36


Hawaiki reaches key milestone in landmark deep-sea fibre project
Posted 4-Nov-2017 13:53


Countdown launches new proximity online shopping app
Posted 4-Nov-2017 13:50


Nokia 3310 to be available through Spark New Zealand
Posted 4-Nov-2017 13:31



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.