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Thread: Petrol at record high

  1. #1
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    Unhappy Petrol at record high

    Petrol at record high after oil hits US$110
    11:20AM Thursday March 13, 2008

    Motorists are now paying more for petrol than ever before with a three cent a litre rise overnight.

    Shell, BP and Caltex lifted their prices at the pump overnight. That move takes the price in the main centres to $1.78 a litre for 91 and $1.83 for 95.

    AA spokesman Mark Stockdale said that is a cent above the previous record high in July and August 2006 and is concerning given it has come at a time when the New Zealand dollar is quite strong at 80 cents against the US.

    Mr Stockdale said while the currency is cushioning New Zealand somewhat from the shock of rises in the price of crude, he is worried about what might happen if the kiwi falls.

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    Mother Bear

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    Petrol tipped to hit $2 in April, Aucklanders face extra 5c rise
    3:31PM Wednesday March 19, 2008

    The petrol pain for drivers is set to worsen, with predictions petrol prices could hit the $2 per litre mark as soon as April and plans for an extra 5c on petrol tax for Aucklanders.

    A significant rise in the price of crude oil in recent weeks has led financial website interest.co.nz to predict the $2 mark will be breached - much sooner than many are expecting.

    And the Auckland Regional Council today proposed an additional 5c a litre regional petrol tax, which would take effect if Parliament passes the necessary legislation.

    The public is now being asked for its views on the proposal with the money earmarked to pay for public transport infrastructure, primarily electrifying Auckland's rail link.

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    Mother Bear

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  3. #3
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    I swear it's the bloody media that drive up petrol prices by reporting it way before it's time. It makes people open to the idea it will happen, so the oil companies can get away with it. If a mouse disturbs a dead leaf in a hedge it drives up the price of oil. The sad thing is, no country in the world is willing to do anything about it. If all the world leaders said 'drop the price or else' then there would be no option. Every day a whole country doesnt buy oil is millions upon millions in lost revenue. Someone needs to put a stop to this greed.
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

  4. #4
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    Time for an alternate fuel source methinks. Not just messing about with trials but actually putting something in place to give the oil boys something to chew on. They've had it all their own way for much too long.

    Taffy, how's that vat of cooking oil fuel coming along?
    Mother Bear

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  5. #5
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    We don't have a diesel any more, so production is on hold
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

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