1132 days ago

Oil going up , so is petrol

John from East Invercargill

Anyone that fills the tank will know that petrol prices have been going up so I thought I would let people know that don't follow the international oil market that they can expect further increases at the pump. Last October Brent oil was 37 USD , today it is 82 USD. There was a drop last month down to 65 but added 15 $ last two weeks. The US Department of Energy ( DoE ) have decided not to tap into the strategic reserves which may have taken a "little" pressure off. The cost of international gas has risen dramatically recently to around the equivalent of 200 USD a barrel so many industries are switching from gas to oil which is putting more upward pressure on the oil price. With the Northern hemisphere heading into winter there is again an increased demand for heating oil. All points to further increases at our pumps. This is not a definitive and exact look at the oil market but a basic heads up of what we can expect over the next few months so those that bother can prepare for an increase in their weekly fuel bills along side increases in food transport costs . How much will that be I don't know but another 10- 15 cents per litre should not be a surprise in the next few weeks and leading up to Christmas .. Saudi Arabia have an expensive war with Yemen to pay for plus guaranteed dividends for Aramco and Russia will be quite happy to make some more from their oil in face of various sanctions from the US so I don't expect any love and caring coming from that direction to force the price down.

More messages from your neighbours
22 hours ago

Poll: Do you think NZ should ban social media for youth?

The Team from Neighbourly.co.nz

The Australian Prime Minister has expressed plans to ban social media use for children.

This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.

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Do you think NZ should ban social media for youth?
  • 85.1% Yes
    85.1% Complete
  • 13.4% No
    13.4% Complete
  • 1.5% Other - I'll share below
    1.5% Complete
611 votes
1 hour ago

What's your favourite recipe for courgettes?

Mei Leng Wong Reporter from NZ Gardener & Get Growing

Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.

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9 hours ago

Got a Minute? Prove You’re the Smartest Neighbour!

Riddler from The Neighbourly Riddler

What is it that when given one, you’ll have either two or none?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

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