Bad from memory...there's some sweet spot of about $50-60 a barrel apparently, again, from memory.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Oil goes up petrol goes up at the pump overnight .....oil goes down and prices take a while to gondown at the pump
The Z spin machine says -
@zenergynz
Spin machine here! It hasn't dropped b/c markets haven't settled - we don't want to be passing through wild price swings (what if it goes back UP by that much in near future?). I can tell you that we've continuously reduced our prices across all our sites over the past few wks.
At the top of every bubble, everyone is convinced it's not yet a bubble.
Oil has been down for weeks before the massive collapse overnight. The price gouging just goes on and on at my closest Z where they still want $2.269 for 91 Octane, the same price they did weeks ago when oil began falling. Blatant highway robbery.
Part of me is hoping for a complete lockdown because of the virus so the highway robbery comes to an abrupt halt !
Last edited by Beagle; 09-03-2020 at 05:16 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Oil has been down for weeks before the massive collapse overnight. The price gouging just goes on and on at my closest Z where they still want $2.269 for 91 Octane, the same price they did weeks ago when oil began falling. Blatant highway robbery.
The NZD has been falling for weeks as well so that unfortunately counteracts petrol becoming cheaper for us due to falling oil prices.
However the kiwi has risen the last couple of days so surely with oil plummeting there should be some cheaper petrol soon.
The NZD has been falling for weeks as well so that unfortunately counteracts petrol becoming cheaper for us due to falling oil prices.
However the kiwi has risen the last couple of days so surely with oil plummeting there should be some cheaper petrol soon.
NZD down 7 % ish oil down 45% ish , Peat do you really think this company that holds itself as a good nz company is doing the right thing by us ?
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