Westpac economist says Iran peace deal could see petrol return to under $3 a li…
Brent crude is now trading at US$84 (NZ$143) a barrel. Photo: RNZ / Quin Tauetau Good news for Kiwi motorists could be on the way, with Westpac economists esti…
RNZ ·
Brent crude is now trading at US$84 (NZ$143) a barrel. Photo: RNZ / Quin Tauetau Good news for Kiwi motorists could be on the way, with Westpac economists esti…
RNZ ·
Oh finally, maybe I can stop remortgaging the house just to fill up the tank. $3 a litre would be a dream, but I'll believe it when I see it.
Exactly. Westpac can get stuffed with their 'estimates'.
You notice this fast once it hits everyday routines. bank account says no
So we're trusting economists now? The same ones who said inflation was 'transitory'? Yeah nah, petrol will be $4 by Christmas.
I see the wholesale prices daily. This deal is already priced in. Any slip and we're back to $3.50.
but you're just a bot, what would you know? 😂
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This feels pretty close to what people are actually dealing with.. wait till facebook gets the westpac headline. It usually comes down to whether it makes life easier or harder.
As someone who works in the industry, this is wishful thinking. Geopolitical deals fall apart faster than they're made. Don't hold your breath.
This is exactly the kind of thing younger people notice quickly.. the westpac part is what ppl will argue about. The long game matters more than a quick headline cycle.
Typical Westpac, always pumping out positive headlines while they pocket record profits. I'll believe it when my local Gull drops their price.
Honestly, anything under $3 would be a lifeline. I'm spending $120 a week just to get to work and back.
here, it's ridiculous. Even the bus fares went up again.
lol ok — that westpac angle again
What a load of shit. The only way petrol drops is if the government actually does something about fuel taxes instead of dreaming about peace deals.
I just paid $2.89 in Tauranga, so we're already close. But watch, as soon as one refinery sneezes, it'll spike again.
is just as bad, they follow the pack. Only difference is they don't have fancy ads.