from Newshub
Kiwis are being warned petrol prices could rise above $3.50 a litre when the Government’s 25 cent reduction in fuel excise tax ends.
The tax reduction, which came into force in April, is set to end in July — unless extended.
And despite the tax cut, prices are already climbing again with 91 hitting $3 a litre in parts of the country.
Waitomo group managing director Jimmy Ormsby told AM’s Melissa Chan-Green prices will only get worse when the tax relief ends.
“Unfortunately there’s no limit, there’s no cap,” Ormsby said when asked how high prices could rise. “Anything over $3.50 a litre wouldn’t be a surprise to me but hopefully it doesn’t get to that, hopefully there is some relief.”
Yesterday the cost of 91 at Bohanna Mobil in Waikanae was $2.90 a litre, although with a Mobil Smiles card that came down to $2.80 [That works out to about $US 7 per US gallon at present]. The effect on motorists should result in James Shaw’s ’emissions target’ being reached alone and he may be able to leave farmers alone — or is that wishful thinking? —Eds
It’s going to get a lot higher than that once they start allowing poor quality imported fuel. With no refinery to reprocess it and improve it and the next tanker several weeks away, people will be paying far higher prices for substandard fuel. Good luck trying to run your modern engine on that. If you know of a fuel supplement company in NZ it might be a good idea to invest in it. Octane booster etc. is going to become a hot product.
This video contains quite a lot of information about what is happening to Marsden point and what it is going to mean for the future of fuel. The latter half from 17 minutes onwards is a must watch even if you can’t be bothered with the protest etc.
https://www.bitchute.com/video/bmyrcwprHNmG/
The yanks are whingeing at paying over US$5.00 (NZ$7.95) per gallon and NO RUC (3.79 litres per US gallon which is US$1.32 per litre) Last time i checked Caltex diesel was NZ$2.75 (US$1.73) per litre PLUS RUC! Going back in time to Imperial gallons, the yanks would be paying US$5.85 (NZ$9.30) per gallon while we would be paying NZ$12.10 PLUS RUC and they think THEY have problems. THIS just arrived in my in box https://www.naturalnews.com/2022-05-11-dieselgeddon-americas-diesel-supply-on-verge-of-catastrophic-collapse.html#
Interesting article Geoff. But this line caught my eye,
“As JWN reported in 2020, Massive oil refiners are turning into biofuel plants in the west.”
As I understand it, bio fuels still need to be refined they can’t just pump them straight from the biofuel plant into a vehicle, it needs to be refined into usable fuels first. So a refinery that handles biofuels is one that will handle crude oil and turn both into usable fuels like diesel, petrol and kerosene.
If you look at my above comment where I talk about substandard fuel imports, ask yourself what will that mean for the aviation industry, particularly in the colder areas of NZ where fuel thickening can be a problem.
Thanks for this. I will do a more detailed reply after i have done some more research. Have a look at this for now https://edition.cnn.com/travel/article/airbus-a380-saf-cooking-oil-scn/index.html#:~:text=The%20test%20airplane%20completed%20a,Rolls%2DRoyce%20Trent%20900%20engine. I used to run vehicles on waste cooking oil years ago. It is quite a long story Check this out too.https://www.blumesorganics.com/product/alcohol-can-be-a-gas/ I bought many copies of this back in 2008. I guess I was too early, NOW may be the time Go check these out I have David Blume’s video
Actually 1 US gallon = 3.816 litres.
I just got this too today https://heirloomseedkits.com/ Interesting in more ways than one