Thursday, June 12, 2008

$$ .P.e.t.r.o.l. P.r.i.c.e.s. $$

Unfortunately, the petrol prices in New Zealand have risen by 150% since 1999. Not that that really matters for people our age but it means we don't get lifts from our parents as much as we used to.
$2.10 for 91 Octane and $2.16 for 95 High Octane are the average petrol prices at the moment. Although these prices are already extremely high, they will continue to rise.
Reasons for this are:
~ International oil pricing is increasing.
~ Our exchange rate is decreasing so its costing us more to buy the petrol.
~ Government taxing is high.

In result of the petrol prices rising, people are using public transport when possible and are downgrading to smaller cars which use less petrol.

In the 1980s, petrol prices were below 60c. A lot has changed since then. The petrol prices have doubled in the last decade.

Although the rising if petrol prices is a bad thing, some people are seeing the posivtive side to things. They are seeing it as a step forward to a cleaner environment. The higher the petrol prices become, the higher the demand is for alternative energy cars. The energy cars do not harm the environment and are cheap to run. The only problem is, New Zealand cannot afford to import millions of these vehicles as they are extremely expensive.

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