US-NZ petrol pump price comparison - it's still too cheap
TUMEKE! point out that, in terms of %’age increase, we are better off than the US in regards the increase in petrol costs. That may be true but I think petrol is still very cheap . Every time it go...
TUMEKE! point out that, in terms of %’age increase, we are better off than the US in regards the increase in petrol costs. That may be true but I think petrol is still very cheap.
Every time it goes up people complain about the price. Consider the effort of finding, extracting, refining, distributing it then consider it’s a limited resource and marvel that it’s only 1.70’something/litre.
I wonder why people happily pay $2 or more for a bottle of water…
TUMEKE!: The oil barrel half full: US-NZ petrol pump price comparison
$2 a litre fears: Crude oil prices hit the record level of US$100 per barrel on Wednesday, breaking through that to hit $100.09 late on Thursday and set a new record.
But that's US dollars. It's really a crisis for our American friends because it is their currency weakness that is the main problem, and using NZ as a comparison I will make the case that it is quantifiably half their problem…
