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  # 2225548 26-Apr-2019 14:11
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tdgeek:

 

Oblivian: Also believe that is why Qld work on spot pricing. It is generally raised during the start of the week. And then lowers as stock consumption adjusts. Time your fills right and you are home and hosed.

 

How can they spot price, they cant buy on Saturday off the refinery that bought much earlier and sell on Monday?

 

So what have we done in past years

 

 

Thats the big unknown that leaves most the nation scratching heads

 

The retail outlets are big with words like 'forecast' etc when questioned as to how they can afford 10c days on 1 particular day. The 'budget forecast allows for it' was posted a lot on the flybuys 10c days posts.  As if they can calculate how much of the population will A. take up the offer B. actually be in a place to use the offer. And know if the one down the road will or won't match it in the next 2 days or same day (which often happens) to effect those figures. One would expect daily consumption averages only are known. Not the details of market share of all cars on the road.

 

And yet there are pump price changes that were not 'forecast' despite having the underground tanks reserve, the 30-90 days reserve at the bulk storage, and then the shared reserve at partners. Before even going into if the refined product needs to be topped up or could last a bit longer till it flattens out. But still, are able to up the pump price 3x in 5 days (3 weeks ago for example - 3c,1c,2c if I recall) across all companies. And point the finger at import costs and price of crude or refined (depending on who in the media team is on at the time)

 

In one way, australia could have made an investment. Fill the bulk tanks up. Day 0. Fix a rate at known retail point. Next day, consider the overall consumption of prev 24hr. Adjust rate to replenish bulk (or local) at differential. 

 

I'm sounding like a conspiricist, But don't mean to. Only like others, observant of how many factors there are to get from overseas to the handle. And how it conveniently gets adjusted across the board at the same time, knowing there are reserves and room for movement. But come review, conveniently gets adjusted (along with noted spikes in margin differences).

 

Not to mention since the announcement last year, you can now see from the thread the differences in the broad range across the country have been separated even more for some reason yet unexplained that I could find. (did anyone notice the difference between 91-95 also increased to 9c last year..)


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  # 2225557 26-Apr-2019 14:23
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There we go

 

https://www.accc.gov.au/consumers/petrol-diesel-lpg/petrol-price-cycles#petrol-prices-in-brisbane 

 

 

A petrol price cycle is a movement in retail price from a low point (or trough) to a high point (or peak) to a subsequent low point. In these cycles, prices steadily go down for a period followed by a sharp increase.

 

Price cycles are the result of deliberate pricing policies of petrol retailers, and are not directly related to changes in wholesale costs.

 

They had a 2 year trial where companies were forced to give price changes within 30 mins to update a govt made app for pricing.


 
 
 
 


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  # 2225565 26-Apr-2019 14:36
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Oblivian:

 

Not to mention since the announcement last year, you can now see from the thread the differences in the broad range across the country have been separated even more for some reason yet unexplained that I could find. (did anyone notice the difference between 91-95 also increased to 9c last year..)

 

 

The past couple of months has seen massive changes in the pricing margins across the country. After the price war settled down a little late last year the price of petrol at most Auckland stations went up beyond the "national price" (something that doesn't really exist any longer but is still regarded as the price paid in Wellington and Christchurch).

 

There is a huge level of regional discounting occuring, with petrol in Rotorua still selling the the mid 180s vs the 236.9 "national price". To achieve that it's a matter of subsidising the cheaper areas which are being sold at a loss with the more expensive areas.

 

In all seriousness I'd hate to be one of the pricing people now working for one of the big chains. There is a lot going on in the market and a lot of $$ to be lost if you can't balance out the regions correctly  to keep up your average margin.

 

 




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  # 2225630 26-Apr-2019 15:26
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A few petrol stations I drove past today in Christchurch had prices ranging from 237 to 238.  The most expensive I saw was one BP at 238 for 91.  As the Libyan civil war is now being fought in the streets of Tripoli I don't see prices for Brent crude dropping any time soon.


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  # 2225674 26-Apr-2019 16:32
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Drove from Johnsonville into Wellington today. 91 in Johnsonville @ 227.9 (BP). Z Vivian Street for 91 @ 236.9

 

Madness.


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  # 2225759 26-Apr-2019 18:22
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WyleECoyoteNZ:

Drove from Johnsonville into Wellington today. 91 in Johnsonville @ 227.9 (BP). Z Vivian Street for 91 @ 236.9


Madness.



Porirua is low 220s

I don't describe it as madness - it's what happens in an incredibly competitive retail market. It's no different to different supermarkets selling the same product for different prices.

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  # 2229240 2-May-2019 10:35
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If it went unnoticed. And caused a brain hurt like me in Canterbury... I was trying to work out what looked different at the gas stations yesterday after news on tv last night saying the Venezuela and Iran pressure was about to cause our pricing to go up.

 

And it showed a heap of stations ranging from 226 and 'even as high as 2.36'. I was left going, pretty sure we were talking here about CHC pricing being 2.36 standard. Sure enough, and matches a painful gaspy share I did 2 weeks ago. Sometime yesterday/today, all the stations dropped 10c at the drop of a hat it would seem.


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  # 2229344 2-May-2019 12:13
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i was just going to report prices in Rotorua were going up, they went up to 186.9 for 91 on monday but ,false alarm ,back down to 181.9 this morning.





Common sense is not as common as you think.


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  # 2229355 2-May-2019 12:46
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vexxxboy:

 

i was just going to report prices in Rotorua were going up, they went up to 186.9 for 91 on monday but ,false alarm ,back down to 181.9 this morning.

 

 

Given the trend seen here for rest of the nation. The only logical reply is.

 

You're welcome.


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  # 2229454 2-May-2019 13:49
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sbiddle:
WyleECoyoteNZ:

 

Drove from Johnsonville into Wellington today. 91 in Johnsonville @ 227.9 (BP). Z Vivian Street for 91 @ 236.9

 

 

 

Madness.

 



Porirua is low 220s

I don't describe it as madness - it's what happens in an incredibly competitive retail market. It's no different to different supermarkets selling the same product for different prices.

 

OK, maybe not madness, but the same retailers that are in Johnsonville are in Wellington city, with the major exception of Mobil. There is also an independent Challenge, but i doubt that is having a big impact on the differences.

 

Interestingly, today, the prices are the same between Wellington City and Johnsonville. The BP Roadmaster on Taranaki street is advertising 91 @ 226.9. This is the same as it was in BP Johnsonville last night.




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  # 2229457 2-May-2019 13:55
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Oblivian:

 

If it went unnoticed. And caused a brain hurt like me in Canterbury... I was trying to work out what looked different at the gas stations yesterday after news on tv last night saying the Venezuela and Iran pressure was about to cause our pricing to go up.

 

And it showed a heap of stations ranging from 226 and 'even as high as 2.36'. I was left going, pretty sure we were talking here about CHC pricing being 2.36 standard. Sure enough, and matches a painful gaspy share I did 2 weeks ago. Sometime yesterday/today, all the stations dropped 10c at the drop of a hat it would seem.

 

 

I've been past many petrol stations in Christchurch in the last day or so & every one of them have 91 at 227c per litre.   I guess it's good for those of us who don't like surprises. 


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  # 2229471 2-May-2019 14:06
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amiga500:

 

Oblivian:

 

If it went unnoticed. And caused a brain hurt like me in Canterbury... I was trying to work out what looked different at the gas stations yesterday after news on tv last night saying the Venezuela and Iran pressure was about to cause our pricing to go up.

 

And it showed a heap of stations ranging from 226 and 'even as high as 2.36'. I was left going, pretty sure we were talking here about CHC pricing being 2.36 standard. Sure enough, and matches a painful gaspy share I did 2 weeks ago. Sometime yesterday/today, all the stations dropped 10c at the drop of a hat it would seem.

 

 

I've been past many petrol stations in Christchurch in the last day or so & every one of them have 91 at 227c per litre.   I guess it's good for those of us who don't like surprises. 

 

 

Yet Monday and tues.. they were 2.36. Little convenient huh :) Now they have room to go up per https://www.newshub.co.nz/home/new-zealand/2019/05/why-fuel-prices-could-be-about-to-rocket-for-new-zealand-motorists.html that aired last night and still be within line with the far north

 

As of last Friday, 91 octane is now at $2.369 while diesel is at $1.739. This is the highest petrol price since last October.


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  # 2230064 3-May-2019 11:49
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Something changed on Wednesday as petrol dropped 10c a litre - now $2.269 (I note that any localized competition seems to have been wiped out at the same time)

 

I've never seen it go down that fast before, normally 2-3c at a time  




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  # 2231285 5-May-2019 20:47
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The market is being distorted by sanctions & political posturing.

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  # 2231342 6-May-2019 01:45
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amiga500: The market is being distorted by sanctions & political posturing.

 

Or perhaps the market is distorted by oligopoly, and forced back to position periodically by political investigation.

 

 


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