Fuel Prices Up Again?

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ajw

1932 posts

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#446684 8-Mar-2011 15:44

heavenlywild: There's been way too much talk about fuel prices in the media and online. Instead of getting frustrated over pricing, I have taken the "just accept it" approach. There are easy ways of "recovering" the extra costs - one less drink at the pub, never buy bleeding edge technology upon release, more dvds than going to the movies etc.

I have budged my finances to cope with the eventual $2.50/L price without having to change my lifestyle.

What about the expected prices hikes in the cost of food. Most things that are transported related increases in price.

heavenlywild

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#446694 8-Mar-2011 16:28

^Food, well, some things just cannot be helped. Do what you can to save money. Like milk. $4 bottle of milk is the same quality as a $3 bottle of milk. The extra $1 you pay would be for nothing more than just branding.

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oxnsox

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#446705 8-Mar-2011 17:15

nakedmolerat:
alasta: .... to face the reality that oil is scarce, and increasingly so.

this is what they want you to believe. finite resource? maybe. scarce? no. we explore and find new well every year.

But global use is increasing... particularly as China and India grow their personal vehicle fleets.

We always complain when it goes up, but rarely applaud when it goes down. I suspect the Oil companies will have a raft of reasons, and amongst then will be that they tend to hold the price whilst our dollar roller-coasters around then reset it once they think its stopped for a bit... or as in this case don't really have much choice because of overseas events.

But why do problems in 2% of the worlds supply effect the pricing across the rest of the world??? I'd ask all the fund managers and margin traders who press the worry buttons that control soooo much of world commodity pricing.

alasta

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#446742 8-Mar-2011 19:45

nakedmolerat:
alasta: .... to face the reality that oil is scarce, and increasingly so.

this is what they want you to believe. finite resource? maybe. scarce? no. we explore and find new well every year.

Yes, with each one being more expensive than the last. The theory is that we'll never actually run out of crude oil but over time it will become prohibitively expensive as all the cost effective sources are exhausted.

old3eyes

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#446745 8-Mar-2011 19:48

oxnsox:
nakedmolerat:
alasta: .... to face the reality that oil is scarce, and increasingly so.

this is what they want you to believe. finite resource? maybe. scarce? no. we explore and find new well every year.
But global use is increasing... particularly as China and India grow their personal vehicle fleets.

We always complain when it goes up, but rarely applaud when it goes down. I suspect the Oil companies will have a raft of reasons, and amongst then will be that they tend to hold the price whilst our dollar roller-coasters around then reset it once they think its stopped for a bit... or as in this case don't really have much choice because of overseas events.

But why do problems in 2% of the worlds supply effect the pricing across the rest of the world??? I'd ask all the fund managers and margin traders who press the worry buttons that control soooo much of world commodity pricing.

It's called the oil trading market. Oil speculators, futures traders. These people go in to Lemming mode at the hint of problems so the prices go up.. Just waiting for the raft of transport operators in NZ to hike their prices again saying that the cost of fuel is hurting them as they did in 2008. Now they never bleated when the cost of fuel went down again and their prices never dropped as well..

Regards,

Old3eyes

nakedmolerat

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#446758 8-Mar-2011 20:09

alasta:
nakedmolerat:
alasta: .... to face the reality that oil is scarce, and increasingly so.

this is what they want you to believe. finite resource? maybe. scarce? no. we explore and find new well every year.

Yes, with each one being more expensive than the last. The theory is that we'll never actually run out of crude oil but over time it will become prohibitively expensive as all the cost effective sources are exhausted.

if you watched tv3 earlier, they gave you the answer. the price hike has nothing to do with resource, cost, etc. currently most oil are being bought by investors and sold by them.

Nokia2012

108 posts

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#446788 8-Mar-2011 20:33

my thoughts are that fuel better come down soon I travel to school every day which is 12 km away. I know it may not seem far but it sure costs alot of gas. to save on gas I go down a back road and travel at 70km in the 100 zone and keep and eye on my rear vision mirror. If any one is behind me I will hang to the side and single then passed with my hand and they pass me. Which keeps the flow of traffic and allows me to go slow and save gas

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johnr

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#446796 8-Mar-2011 21:02

Hope they build a walkway over Auckland Harbour Bridge

jaymz

1133 posts

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#446812 8-Mar-2011 21:53

johnr: Hope they build a walkway over Auckland Harbour Bridge

Won't need to, soon enough there won't be any cars on the road, so you will have all 8 lanes to walk on!

nakedmolerat

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#447430 10-Mar-2011 22:40

good article... http://www.interest.co.nz/news/52610/oil-guy

ascroft

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#447432 10-Mar-2011 22:48

My view is we should always buy at Shell as at least it is coming back to us indirectly. I don't know why anybody buys at BP with their bad rep.

common sense is not very common

richms

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#447445 10-Mar-2011 23:13

ascroft: My view is we should always buy at Shell as at least it is coming back to us indirectly. I don't know why anybody buys at BP with their bad rep.

BP have ultimate. Shell have vpower. Thats enough to ensure that I never go to shell after seeing the tank go thru in about 100km less than the tank of ultimate.

Richard rich.ms

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