thats like 1/5000%, never knew % went that low
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Yep I was seduced. Didn't pay 9 fortunately but well in the red all the same. Judging by the traffic on the roads in Auckland we are back to pre covid levels except for the south western heading to the airport which is probably only 1/3 of what it was. So jet fuel and a small issue with a refinery are being a drag
Competition for sure 7 stations on a 5km stretch close to my work. Two are z and they typically have the highest prices
Why is it that they persist on having higher prices than every other gas station in the same area?
Will we see a recovery short/medium term or will borders need to be fully open to see any sort of rise in the future?
Surely less margins and more volume would hurt them a lot less. I really like the way BP has gone with their coffee.
Deep systemic issues here. Huge debt, grossly inefficient company, minnows constantly gnawing away at market share, lots of old sites that have a far less attractive food and coffee offer than BP, Marsden point refinery ostensibly a white elephant and last but certainly not least an ineffective CEO who's reactive rather than proactive.
Z had the opportunity to lead the charge and roll out widespread EV charging points across its network to leverage its shop sales, (what are you to do while waiting for your EV to charge but eat and drink ?) but I am hearing they have effectively lost any chance of first mover advantage.
Hard to see how they turn this thing around from what appears to be a journey to nowhere.
They persist with the ‘full service’ model, that staff who come out fill your car check your oil pump your tyres. That’s overhead costs. The low margin no people suppliers have proven that there’s a better way to make money in this market. It doesn’t involve overheads.
Quaint but it’s outdated, it’s Past its used by date. Z need to recalibrate to the present, low fuel prices mean low overhead, to be competitive.
I don’t think they get that yet.
https://www.odt.co.nz/star-news/star...vices-cut-back
They are slowly getting it.. but as beagle said. Reactive rather than proactive. Could have come a lot sooner.
This is slightly offtopic but I tried using the Sharetank feature of the Z App the other day and tried to invite a friend to share my fuel. She entered my unique Sharetank code correctly but the app claims it's invalid. Submitted screenshots from my phone and hers to Z's Sharetank app support and so far all I've got is a bemused "you look like you are doing everything right, it should work."
Did some more digging on Google Play and looked at some of the Z App reviews - looks like the app is very hit and miss based on user feedback. The much vaunted Fastlane feature doesn't always seem to work and then you waste a lot of time trying to get it to work properly, undoing the benefit of Fastlane in the first place, etc.
In short, my brief flirtation with the Z App per above is making me increasingly happy with my current provider BP. BP's pay-in-car feature works right every time and doesn't rely on some fancy number plate recognition that is being rolled out at a snail's pace across the network (and doesn't seem too reliable either once installed.) The Sharetank seemed like a really interesting concept that I wanted to try but it failed for me from the get go.
Slightly disgruntled at the moment about Z (speaking as a customer) and certainly am feeling like they are on a journey sideways at best...
BP app is great, but BP has become so complacement that they offer 10 cent AA discount, but are 10 cents dearer than other servos nearby. So discount has become a price diffetential ratather than a discount. Now that I have a car that takes 95, I found BP is way dearer, than others. Pak n Save is the cheapest, and that is provided by Z.
The world may never consume more oil than in 2019, BP says
London (CNN Business)Demand for oil may have peaked last year, according to BP, which says the global market for crude might never recover from the coronavirus pandemic.
https://edition.cnn.com/2020/09/14/business/bp-oil-demand-peak-coronavirus/index.html
Perhaps but ask anyone who travels the country often and they'll tell you that BP's food range and quality as well as their coffee and onsite facilities rocks compared to any other fuel company. Right there is one of ZEL's biggest problems that's not talked about very much.
Pricing is very dependent upon both local competition and whether the station is located in an urban centre. The BP nearby s currently 1cpl higher for 91 than Mobil or Caltex. Z is currently 1cpl higher than that.
Many of the local BP stores don't offer 95, only 98, so that factors into the equation.
As Beagle mentions, BP's food has been really good, as is Z. Long gone are the days where pies came in little plastic bags and were soggy; I remember Dad occasionally buying those when I was a child for our lunch on the go.
Thank goodness the "good old days" are gone.
Yeh I never got any benefit from using Sharetank. One time if fastlaned me and debited my credit card the extortionate pump price at the time whereas I wanted to pay using Sharetank because I was in Auckland and I fill up Sharetank outside of Auckland .... Dude in the shop was completely unhelpful when I told what happened. I had no idea about Fastlane doing that. I didnt even know I was in a fastlane tbh.
Also they create such a 'spread' between what you pay for buying it in your tank and what you have to pay for putting it in sharetank that it is impossible to 'win' by buying low and using high which is what I wanted to use it for. But I dont think this really matters in terms of the overall success of the company.... just a nitpick