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Thread: Gas Prices

  1. #1

    Default Gas Prices

    Global Gasoline price

    " As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices."

    umm... NZ?

  2. #2
    Awaiting Enlightenment R2x1's Avatar
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    Default Re: Gas Prices

    Look forward to ours being free as the Gov't policies start to kick in.
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  3. #3
    VoidMaster
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    Default Re: Gas Prices

    Crude oil prices have dropped under US$50/barrel yet the price we are paying for petrol is still very high, at >NZ$2/liter, the price was lower when crude cost >US$100/barrel.
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  4. #4
    Senior Member
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    Default Re: Gas Prices

    Yes that sounds about right. Think about the margins and we are at the end of the road.
    There is very little we get for the sale of " our" oil in Taranaki, again as we are at the end of the road.

  5. #5
    Old guy
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    Default Re: Gas Prices

    There is a great difference between the price paid for oil and the taxes paid on the end product. Hint. The taxes are far far more than the amount that goes to the suppliers. Fuel taxes are the main reason for the price difference between the various countries where fuel is sold.

  6. #6
    Wrinkly Member! B.M.'s Avatar
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    Default Re: Gas Prices

    Quote Originally Posted by CliveM View Post
    There is a great difference between the price paid for oil and the taxes paid on the end product. Hint. The taxes are far far more than the amount that goes to the suppliers. Fuel taxes are the main reason for the price difference between the various countries where fuel is sold.
    Well not quite Clive.

    NZ

    Petrol tax
    from AA Website:

    When you last bought petrol, 67.129 cents per litre was collected by the government as fuel excise (excluding GST). Motorists are charged GST on the petrol excise, which amounts to a tax on a tax. The AA has called for the GST to be removed - a move that would reduce prices by 10 cents per litre and help relieve the financial burden on New Zealanders.

    Fuel excise

    The fuel excise portion includes:
    • 59.524 cents - National Land Transport Fund
    • 6.90 cents - ACC Motor Vehicle Account
    • 0.66 cents - Local Authorities Fuel Tax
    • 0.045 cents - Petroleum or Engine Fuels Monitoring Levy
    In addition, GST is collected on the overall price of fuel including excise. The GST on excise amounts to a 10 cents per litre "tax on taxes".


    AUS from Aus website.

    Australia’s fuel excise has been frozen at A38.143 cents per litre since 2001, when John Howard’s Coalition government ditched indexation to offset the price hike caused by the introduction of the goods and services tax (GST).

    So you see we pay 29cents a litre more than Aus in Excise Tax plus an additional 5% GST on the Excise Tax.

    Funny thing is you can still buy 91 octane in Aus for under $1.40 a litre. 6 weeks ago I purchased for $1.32 a litre in Queensland.

    So you see apart from the additional 29c we pay in Excise duty between NZ & Aus there is an additional 30+ cents per litre which has gone where?
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  7. #7
    Senior Member pctek's Avatar
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    Default Re: Gas Prices

    Quote Originally Posted by B.M. View Post
    Funny thing is you can still buy 91 octane in Aus for under $1.40 a litre. 6 weeks ago I purchased for $1.32 a litre in Queensland.
    And before the last rises, the garages here - in my direct local - Massey through Glen Eden, there was a variation in pricing of 10c.....
    Now the variation is 2c. They all put it up and all around the same price.
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  8. #8
    Evil Super Villain Cato's Avatar
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    Default Re: Gas Prices

    Didn't the Greens or Labour ask for a fuel price inquiry and National shot it down?
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  9. #9
    Soaring like an Eagle gary67's Avatar
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    Default Re: Gas Prices

    Surely not National can do no wrong apparently.

  10. #10
    Wrinkly Member! B.M.'s Avatar
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    Default Re: Gas Prices

    Quote Originally Posted by pctek View Post
    And before the last rises, the garages here - in my direct local - Massey through Glen Eden, there was a variation in pricing of 10c.....
    Now the variation is 2c. They all put it up and all around the same price.
    Yes, one could be forgiven for thinking there was blatant "Collective Price Fixing" going on.
    Global Warming is Mann made.

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    The problems we face today are because the people who work for a living are now outnumbered by those who vote for a living.

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