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Link: http://www.nzherald.co.nz/section/story.cfm?c_id=1&ObjectID=10365145
On Sunday, when news of Iran's rumblings first reached me, I predicted that we'd be seeing petrol prices rising shortly. The threat to cut oil production is a sure harbinger of rising global prices.
Little did I realise that the greedy fuckers would put their prices up by 6c/L. I'm very glad that I filled up last night, because it's an extra $3 to fill the tank with that kind of an increase. Not much in isolation, but over a year it's several additional tankfuls.
Cam has been tracking the prices of oil and petrol, and it's interesting to watch the relationship between oil prices and pump prices. This price jump takes the difference up to nearly double what it was before, once taxes are removed from the pump price. 15c/L isn't a bad gross margin, really. No wonder they're making healthy profits. Fuckers ![]()