High Exchange Rate - Kiwi$ v's US$

[leithcm 0]

We have all been listening to the financial news this week, and noted the "record" high's of the NZ$ against the US$. The price of imported goods will drop as a result! When is the price of petrol going to come down?? We see the oil companies raising prices SO FAST when the NZ$ drops, but how SLOW!!!!!!!! are they to reduce??? Sucker motorists again!!

Not a word from the government as lower prices means lower excise taxes and GST!!

[Lucan 196]

Theres a couple places around that've dropped the price below $2.00 now..But I know what you mean.

[Wom 0]

but how else would the government make enough tax to build yet another motorway / tunnel / bridge for Auckland?

[Cale 36]

Sticky prices on inelastic goods defying gravity once again. It's just oligopolistic pricing to gouge consumers.

Although I recently read an article that said that markets are inefficient when prices are dropping because consumers don't search for lower prices. Whereas when prices are rising, consumers do in fact search out lower prices. So yes, perhaps sucker motorists.

[CamB 48]

Some of it is the US$ getting weaker - oil price in US$ has gone up a little.

[E30 325i Rag-Top 2957]

OPEC has announced it is not going to increase it's output for the next quarter - keep supply relatively tight and prices high. With only one small region of the planet producing any worthwhile volumes of oil it is very easy to manipulate the market, and as the poor suckers at the end of the line we will have to keep paying!

[my_e36 43]

Where's AA gone when we expect them to do something? They are usually the one wave their arms jumping up and down in times like this.

[deeveus 81]

but how else would the government make enough tax to build yet another motorway / tunnel / bridge for Auckland?

10 f**king 4 on that one.

[5amchris 45]

Haha funny that it didnt go down when the NZD was high but now that it has crashed just a little its going back up lollies

http://www.stuff.co.nz/business/money/5144...in-Christchurch

[westy 614]

but how else would the government make enough tax to build yet another motorway / tunnel / bridge for Auckland?

Have a look down south there.

You didn't think the South Island could pay for all those alpine passes/tunnels/viaducts ect on their own did you?

[pureboiracer 0]

but how else would the government make enough tax to build yet another motorway / tunnel / bridge for Auckland?

aka, the earthquake fund...