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The price of fuel in Turanga (Gisborne) has jumped nearly 30 cents per liter in recent months. This has a big impact on our budgets.
One of the first adjustments we can make is to buy fuel at the cheapest gas station. Fortunately we have choices. Over the past week, Gisborne was in the big position of having the lowest gasoline price in the country, 2.13! This compares with 2.30 at Hawke's Bay and 2.45 at Auckland and Wellington. Gull and Waitomo are the driving force behind the competition.
In Gisborne, there was also a difference of 20 cents between the price of gasoline between gas stations – a good reason to shop around and get the best deal.
The rise in the price of gasoline hurts. However, the growth of our economy and job creation are easing the pain. Increased family support and energy payments for the winter are also helpful.
Freight companies, in most cases, will pass on the increased cost of fuel. This could drive up prices at the supermarket. Many households may have to reduce their costs to manage. It could mean driving less, sharing a ride or using a cheaper car to run.
At the moment, this can mean a reduction in costs such as what we spend at the supermarket, on vacation or in coffee. The international price of oil has increased by 50%. More maybe coming.
We are entering a long period of rising fuel prices. Gisborne is geographically isolated. We have good reasons to reduce our fuel consumption.
For forestry, some more isolated blocks may be less viable to exploit. This is the reality of markets and the risk of forest owners. The recent 10% drop in the kiwi dollar will help log exporters, farmers and producers.
In Gisborne, forestry is supported by significant investments in roads for forest routes paid for by the taxpayer, the taxpayer and the industry. It also receives important tree planting subsidies designed to protect the quality of soil and water. He must lift his environmental game so that this support continues. It is the responsibility of our advisors to make sure that happens.
The first response of our Prime Minister, Jacinda Ardern, to rising fuel prices has been to give urgency to new tools for the Trade Commission to boost competition. It seems a good move. The margins of major fuel companies have increased by 100% over the last 10 years and some price differences between regions are negligible.
Importantly, the supermarket industry will also be subject to an early, thorough and justified review. This will help moderate inflationary pressures.
For Gisborne, the review of the oil industry may weaken some of our recent price advantages if fuel distribution companies focus on other regions.
Inflation can hurt a government. Voters do not like prices to go up. The government has options to limit the pain. For example, in a few years, taxes on fresh fruits and vegetables, rates and the fuel tax could be removed from the GST to drive down prices. It would be radical, but might not work well. Businesses and boards often only generate unexpected gains and do not pass them on to the consumer or the taxpayer. Jurors are wondering whether reducing the GST on these items is a good answer.
My choice is that the government 's large budget surpluses, as they continue, will be used to improve infrastructure, utilities and wages, business support, and tax cuts by 2021. In the short term, I continue to choose strong business case. in regions to be supported by a slower increase in the minimum wage to $ 18 instead of $ 20 by 2021.
The price of fuel in Turanga (Gisborne) has jumped nearly 30 cents per liter in recent months. This has a big impact on our budgets.
One of the first adjustments we can make is to buy fuel at the cheapest gas station. Fortunately we have choices. Over the past week, Gisborne was in the big position of having the lowest gasoline price in the country, 2.13! This compares with 2.30 at Hawke's Bay and 2.45 at Auckland and Wellington. Gull and Waitomo are the driving force behind the competition.
In Gisborne, there was also a difference of 20 cents between the price of gasoline between gas stations – a good reason to shop around and get the best deal.
The rise in the price of gasoline hurts. However, the growth of our economy and the creation of jobs are easing the pain. Increased family support and energy payments for the winter are also helpful.
Freight companies, in most cases, will pass on the increased cost of fuel. This could drive up prices at the supermarket. Many households may have to reduce their costs to manage. It could mean driving less, sharing a ride or using a cheaper car to run.
At the moment, this can mean a reduction in costs such as what we spend at the supermarket, on vacation or in coffee. The international price of oil has increased by 50%. More maybe coming.
We are entering a long period of rising fuel prices. Gisborne is geographically isolated. We have good reasons to reduce our fuel consumption.
For forestry, some more isolated blocks may be less viable to exploit. This is the reality of markets and the risk of forest owners. The recent 10% drop in the kiwi dollar will help log exporters, farmers and producers.
In Gisborne, forestry is supported by significant investments in roads for forest routes paid for by the taxpayer, the taxpayer and the industry. It also receives important tree planting subsidies designed to protect the quality of soil and water. He must lift his environmental game so that this support continues. It is the responsibility of our advisors to make sure that happens.
The first response of our Prime Minister, Jacinda Ardern, to rising fuel prices has been to give urgency to new tools for the Trade Commission to boost competition. It seems a good move. The margins of major fuel companies have increased by 100% over the last 10 years and some price differences between regions are negligible.
Importantly, the supermarket industry will also be subject to an early, thorough and justified review. This will help moderate inflationary pressures.
For Gisborne, the review of the oil industry may weaken some of our recent price advantages if fuel distribution companies focus on other regions.
Inflation can hurt a government. Voters do not like prices to go up. The government has options to limit the pain. For example, in a few years, taxes on fresh fruits and vegetables, rates and the fuel tax could be removed from the GST to drive down prices. It would be radical, but might not work well. Businesses and boards often only generate unexpected gains and do not pass them on to the consumer or the taxpayer. Jurors are wondering whether reducing the GST on these items is a good answer.
My choice is that the government 's large budget surpluses, as they continue, will be used to improve infrastructure, utilities and wages, business support, and tax cuts. in 2021. In the short term, I am picking strong arguments for business. in regions to be supported by a slower increase in the minimum wage to $ 18 instead of $ 20 by 2021.
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