BP's at it once again - leading the way with a 3c price increase

By Steve Biddle, in , posted: 22-Apr-2008 12:38

It's happened yet again - BP have once again lead the way with a 3c increase at the pump.

My boycott of BP products has now extended to taxi's - if you're a taxi driver and use BP fuel I will not be using your taxi. I now check before I take the taxi! Support BP and I won't be doing business with you!

I'm actually getting sick of blogging about BP. By now everybody should know that they lead every petrol price increase and to be complete honest I think you're an idiot if you support their company by purchasing any of their products and services. Forget those AA reward points - they are a scam. The AA themselves are in bed with BP and won't even condone BP's pricing strategy of leading every price increase depite their claims that they "will speak out when they believe increases are unjustified"

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Comment by manhinli, on 22-Apr-2008 13:01

Just saw it - 91 Unleaded 188.9 at a BP station, and less than 500m away, Shell with 185.9

It amazes me...

Comment by idlearts, on 22-Apr-2008 13:13

I don't think the price rises are going to stop anytime soon, they'll just keep crawling up until its economic to use bio fuels. I don't think people fully appreciate the predicament we're in. It's really the increased demand from China and India hitting our pockets, plus there's the uncertainty in the Gulf region to consider.  

Comment by cokemaster, on 22-Apr-2008 13:18

Meanwhile over here in China, you can pick upa litre of 93 for less than one nz dollar. Its quite amazing how bp do it. I go to my local shell as much as possible as they've been slower to raise prices unlike bp. Btw, you may wish to update the bit about aa being in the bed of aa...

Comment by NokiaRocks, on 22-Apr-2008 13:21

Just got back from Shell... hopefully they benefit from BP's price increase and BP get shafted.

Comment by NZRob, on 22-Apr-2008 13:41

How economic *is* it to use biofuels - are they not predicted to cause mass deforestation and changes to the water table to provice both the land and the irrigation required for the crops? Recent increases in the price of rice and grain based products are being blamed on the trendiness of biofuels...

Comment by BobW, on 22-Apr-2008 13:52

My observation of petrol prices is consistent with yours, in that BP tends to lead the price rises.  But is there any data to support this view, other than anecdotal observations? A quick search finds MED data on petrol prices overall, which is interesting but doesn’t give data by company.  See http://www.med.govt.nz/templates/ContentTopicSummary____20094.aspx Similarly, there has been much debate about, and analysis of, petrol prices in Australia.  For example, the weekly price cycle is quite prominent there (is the same true in NZ?).  See http://www.aip.com.au/pricing/retail/monthly/index.htm   But still not data by company. Does anyone publish petrol prices by company?

Comment by TinyTim, on 22-Apr-2008 14:57

Steve your cut and paste blogs are getting repetitive and tedious. How about something different like "BP (*) has cut their prices by 20c (**)"? (***)

(*) actually doesn't have to be BP, any company would do

(**) actually 20c may not be enough. 50c may be better

(***) don't think I'm asking you to stop. It's all good information!

Comment by TheBartender, on 22-Apr-2008 15:18

NZRob is so correct, that BioFuels are not the answer...

While a nice idea in theroy (suposevly an alternative fuel source and enviromentally freindly), there are many side effects that we are seeing now, that actually rule out the beniefets of using such, and possibly proving to be even more destructive than fossil fuels.

What annoys me, is technology has been invented, that involves a motor with no moving parts, and runs on water....meaning with no moving parts its life span is far greater than any other engine out there today, and more importantly (in light of this discussion), it does not need any fossil fuel to run, so is extremly cheap and enviromentaly freindly...

But of course, it was brought out by the oil companies themselves.

Money, greed, power...its so short sighted, not taking in the big pitcure, that if we stuff this planet through polution, then profits and power will mean nothing when humanity can no longer survive!

Comment by bradstewart, on 22-Apr-2008 15:19

I am a reluctant BP customer and I use reluctant very loosely. I love the Wild Bean cafe and my car loves Ultimate 98 so I can't go to Shell.

Comment by nzbnw, on 22-Apr-2008 20:35

@ bradstewart, does your local (if one) Mobil station offer 98?

I take your view however, I use mobile where possible, but if there is B, Caltex or Shell, I will go to BP because of the 98 octane.


Comment by pjv3, on 22-Apr-2008 21:06

Replacing food crops used for human consumption with biofuel crops is just a bad idea. Some of the recent price rises for food we have seen is due to this. I read something a little while back estimating that all the arable land in the US would not replace the oil it uses for transportation..

Anyway, they only time I see biofuel being useful is when you can grow it in areas that you do nothing anyway. Algae is looking like a promising tech, and the best part is you just need a nutrient rich water source and some sunlight to grow the stuff. I'm sure we have a few areas in NZ that meets that criteria. Algae also seems to have a better yield per area than all other production methods too. More info here: http://en.wikipedia.org/wiki/Biofuel_from_algae

The only problem is that doesn't help us right now.

BP may be the first to put the prices up but really, they are only responding to the current prices of crude oil. It almost seems that everyday a new price record is broken.

Comment by pjv3, on 22-Apr-2008 21:14

One other thing I dont understand - the recent crude oil records have been blamed on speculators. But what is going to happen the to speculated oil when it comes to time for delivery? Where are the full supertankers going to deliver that oil? I doubt those investors have built massive tank farms to hold the oil until such time as when the price goes even higher!

Perhaps we will see a bit of a price crash when the speculators all try to dump their oil futures to make a quick buck...

sbiddle's profile

Steve Biddle
New Zealand

I'm an engineer who loves building solutions to solve problems.

I also love sharing my views and analysis of the tech world on this blog, along with the odd story about aviation and the travel industry.

My interests and skillset include:

*VoIP (Voice over IP). I work with various brands of hardware and PBX's on a daily basis
  -Asterisk (incl PiaF, FreePBX, Elastix)

  -xDSL deployments

*Structured cabling
  -Home/office cabling
  -Phone & Data

*Computer networking
  -Mikrotik hardware
  -WAN/LAN solutions

*Wireless solutions
  -Motel/Hotel hotspot deployments
  -Outdoor wireless deployments, both small and large scale
  -Temporary wireless deployments
*CCTV solutions
  -Analogue and IP

I'm an #avgeek who loves to travel the world (preferably in seat 1A) and stay in nice hotels.

+My views do no represent my employer. I'm sure they'll be happy to give their own if you ask them.

You can contact me here or by email at stevenbiddle@gmail.com