How to beat PETROL price rise smart way

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#133016 24-May-2008 14:24

Here's the idea: For the rest of this year, DON'T purchase ANY petrol from BP. NZ's biggest price up driver company.

If they are not selling any petrol, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.

BP is a global company, there are many, many, many times the population of NZ who would be happy to buy BP's product at BP's price if every person in NZ suddenly decided to Boycott BP.

Like dairy products, fuel is traded on the global market, supply and demand, simple as that, demand (legitimate or not) is always going to exceed supply.

If you can't afford the petrol, don't buy it, but trying to force a fuel price reductions by not buying is like excreting waste fluids into a rapid moving air mass.

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chakkaradeep

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#133031 24-May-2008 16:26

johndou:
LET'S JUST DO IT ! ! !

THIS IS NOT THE 'DON'T BUY' PETROL FOR ONE DAY, BUT IT WILL SHOW YOU HOW WE CAN GET PETROL BACK DOWN TO $1.00 PER Litre....hopefully. This makes MUCH MORE SENSE than the 'don't buy petrol on a certain day' campaign that was going around last April or May!

Not using BP is the only smart way of ignoring BP prices and its not going to make any difference to BP or they are going to reduce their price. This thread is nothing but just another one of those chain emails (which actually goes to my SPAM folder

)

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billgates

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#133155 25-May-2008 18:01

dont go to BP? I am going to look for convienence. If BP does not raise the prices then Shell will the next day or Mobil. As for population exploding its not true and Carbon Footprints? its a complete joke...Enviornment is not getting worse....its getting better in majority of the areas and where it isnt....its slowed down to the lowest rate compared to 100 years ago....

Do whatever you want to do man.

davide

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#133251 26-May-2008 09:43

How to beat PETROL price rise (the) smart way

1) get a bike and ride it as much as you can (not so good if you are unfit)
2) get public transport, IE the train or the bus
3) get a more fuel efficent car.

Chain letters like this one are just BS... come on people... as said previously in this topic, even if by some miracle everyone in NZ stopped purchasing petrol from BP, they won't go under... they are a global company.

On a tangent, a local service station has a sign that reads "Unfortunately due to numerous drive off's we are are forced to have the pumps on permanant prepay. At the current profits to the vendor (2/3 c/ litre) we are unable to sustain the losses."

How true is that figure. Is that really what the profits are? I realise that the price of oil going up must push the price of petrol up... but is that really the profit margin? Perhaps someone who works at or worked at a gas station can tell us.

My $0.02

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garvani

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#133273 26-May-2008 11:44

I dont work at a gas station but from what i hear that is the profit margin on petrol. One drive off will effectivley kill a weeks profits for a servo.. Ive personally seen 3 drive off's in the last few months, you can spot them coming a mile away LOL..

billgates

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#133274 26-May-2008 11:47

yep the owner of the GAS station only makes 2 cents profit/litre in NZ...in Australia it is 1 cent....

Do whatever you want to do man.

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sleemanj

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#133275 26-May-2008 11:47

How true is that figure. Is that really what the profits are?

It is comon knowledge and widely reported as true that the retailer profit on the fuel is near zero. Service stations make all thier money on the stuff inside the shop, not from the pumps which are almost a loss leader.

---
James Sleeman
I sell lots of stuff for electronic enthusiasts...

tonyhughes

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#133278 26-May-2008 12:07

This thread is staying, because its an interesting topic (though the thread has got a lot of BS in it).
Heres my opinion (as worthless as anybody elses opinion):

I do not buy fuel from BP.
I do not believe boycotting BP will bring prices down, it merely moves the profit to a slightly less greedy oil company (but still greedy all the same).
So what if oil runs out in 20 years or 200 years. It will run out, so why save it now? There will be alternatives.
The 'scarcity' of oil and the relation of price is total BS. Price should not be rising like it it. Its global rape by the oil companies.
Electrics, hybrids, alternative fuels etc will never gain real traction while petrol/diesel can be bought, as the price for the traditional fuel, though rising, is not enough to get a critical mass of consumers to switch to other methods of powering their transport. If the critical mass was reached, and people left petrol/diesel en masse, the fossil fuels price would drop sharply, and destroy all but the most hardened parts of the alternative fuel / electric car market, and return us to present state. Net winner - oil companies.
Once the oil runs out, all the vehicles using it will become worthless, and all but the classics and luxuries that people want to convert will simply be left parked on the roads to rust.

This problem is not going away, and the only options you have are:

Massively inconvenience yourself, and have zero effect on a global scale (and no chain letter is going to make a real difference).
Move the profits from one company to another, and have zero effect on a global scale.
Cease using fossil fuels (or reduce), with an electric or hybrid-electric vehicle, usually at great cost. Not really an option unless you are prepared to have a $10,000+ car, as I don't see any Prius's around at the same price as a 1995 Honda Accord ($1000-$3000).

tonyhughes

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#133281 26-May-2008 12:10

sleemanj:
How true is that figure. Is that really what the profits are?

It is comon knowledge and widely reported as true that the retailer profit on the fuel is near zero. Service stations make all thier money on the stuff inside the shop, not from the pumps which are almost a loss leader.

Not quite that drastic, but very close.

Its most definitley not a loss leader, but the indepedantly owned retailers ARE the poor meat in the sandwich between greedy oil companies and frustrated abused customers.

Ragnor

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#133706 27-May-2008 23:52

I think these images speak for themselves...

Source: http://www.interest.co.nz/ratesblog/index.php/2008/05/27/charts-petrol-price-and-oil-company-margin/

Cliff notes: The major factors in the price of of petrol is the cost of buying the raw crude oil and tax, it's not some BP tinfoil hat conspiracy.

BrentR

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#133720 28-May-2008 08:30

Here's a better idea.

Stop buying products from the countries that are the biggest users/wasters of fossil fuels. They're the ones driving the price up.

*looks at China in particular*

Decrease the demand and the price will fall...... VERY simple economics.

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tonyhughes

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#133723 28-May-2008 08:34

Ragnor: The major factors in the price of of petrol is the cost of buying the raw crude oil and tax, it's not some BP tinfoil hat conspiracy.

Would BP like fries with their profits?

redjet

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#133733 28-May-2008 09:08

I think high petrol prices are good as cleaner alternatives will arrive quicker. I see it as a short term pain for a long term gain.

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johndou

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#133742 28-May-2008 09:44

Cliff notes: The major factors in the price of of petrol is the cost of buying the raw crude oil and tax, it's not some BP tinfoil hat conspiracy.

I am pretty sure big oil companies dont buy the crude oil based on daily prices!! who ever is in big business will know what i am talking about.

big corps have long term contracts and i bet they are still paying $8 a barrel..

we are so naive thinking and been fed with all these medias and tend to belive what we see and hear.

also how come for so many hundred years oil was the same price and all of the sudden china have under valued currency, ben ladin attack twin tower, america attack afghanistan and iraq, now american dollar is so poor in value and oil price so high!! do a bit of calculation.

you people need to wake up