Latest news with #TerryCollins
RNZ News
26-05-2025
- Automotive
- RNZ News
Petrol price wars see cost of fuel drop to $2.12 a litre
U-Go self-service stations in Auckland are offering 91 unleaded at $2.23 a litre. File photo. Photo: Marika Khabazi Petrol price battles in Auckland - sparked by a new no-frills service station on the market - have seen prices fall as low as $2.12 a litre in some suburbs, but do not expect the big savings to last for long, says a fuel price expert. There are now nine U-Go self-service stations in Auckland, offering 91 unleaded at $2.23 a litre, when the average is about $2.51. In one Auckland suburb, the cheaper petrol led to an opposition gas station dropping the price as low as $2.12 over the weekend. But Automobile Association principal policy advisor Terry Collins warned motorists that those kind of prices would not last for long. He said U-Go has entered the market by dropping the price down low in a similar way to supermarkets with their loss leaders, where certain products are sold at cost. "I think they've got very close to that margin and a neighbouring Mobil service station, rather than lose clients, responded by dropping their prices. "If it is around $2.12, I don't think it's sustainable, but look, long may it continue if they do want to get into short-term price wars like that. I just think under $2.20 is a really good price." He told Checkpoint that the stations would be trying things like larger discounts over the weekend to see what happens with their volume of sales. "They just want to get some new clientele, it's a pretty irresistible offer when you offer it at that price. "I couldn't imagine it happening every weekend, but we do know they are competitive, they will have specials, they will have discounts, and they're basically trying to maintain volume in tough economic conditions." While U-Go stations were only currently operational in Auckland, motorists could expect to see more of them throughout the country, as more Caltex stations are converted to the low-cost model. "What it's proven is that these low cost operators, consumers really like them, and now there is a definite niche in the market for them, we've got Allied, NPD, Gull, U-Go. They seem to be a growing segment of the market which provide cheaper fuel." Collins said oil prices on the international market had stabilised around $65 a barrel. "With the US administration causing a bit of mayhem in the market, there is more bang for buck with US dollars, and oil prices are cheaper around the $60-65 mark." Z Energy, which owns the U-Go brand, did not directly respond to questions about whether the lower price was here to stay, saying pricing was localised and could be different at each site, depending on factors like competition. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
26-05-2025
- Automotive
- RNZ News
Fuel market new comer offering 91 unleaded for $2.23 a litre
A new comer to the fuel market is distrupting prices at the pump - but how long can the lower prices last? U-Go, Z's no frills self service station is offering 91 unleaded at $2.23 a litre, when the average is about $2.51. In one Auckland suburb, it led to an opposition gas station dropping the price as low as $2.12. The AA's Principal Policy Advisor Terry Collins spoke to Lisa Owen. To embed this content on your own webpage, cut and paste the following: See terms of use.
NZ Herald
19-05-2025
- Business
- NZ Herald
Fuel price shift: Gull knocked off its cheapest petrol perch
'In the past four months, the gap between the national average price for 91 and the Gull National average price for 91 has closed slightly. Mid-January, Gull was 3.45c cheaper than the national average, whereas it is now 2.53c cheaper. 'Gull Ātiamuri, partway between Taupō and Tokoroa, used to be the cheapest station in the country by quite a bit - whereas now it's not even close.' Where is NZ's cheapest petrol? Newton said a large number of Auckland stations were only 1c more expensive than the U-Go, operated by Z Energy. Last week, motorists on a Facebook community page complained that on Whangārei's Gull discount day, the local New World petrol was still 11c cheaper. 'Also cheaper are Allied Whangārei, Gull Wellsford, Waitomo Kaikohe and Gull Snells Beach,' one person wrote. Commerce Commission data showed that at times since June 2022, the discounted price of fuel from BP, Mobil and Z - such as when people are using their rewards apps - was at or even below the Gull price. Terry Collins, AA principal policy adviser for transport policy and advocacy, said he could often find cheaper options than the Gull discounts he was sent. He said it could be that since it was sold in 2022, Gull's new owner had a different business model. 'Since the sale of Gull, we have seen Kiwi-owned independents like Allied and NPD and Waitomo entering the market with low-cost self-service models that seem to be offering sharper prices. 'The Gull effect' is now the 'independents effect'.' Gull spokesman Michael Clifton said Gull was well known for its discounts to motorists 'as part of delivering fuel savings for all Kiwis'. 'For the last 20 years, Gull has provided regular discounts in increasing frequency with no transactional limits or loyalty cards required. The variety of prices available is evidence of 'the Gull effect' creating a competitive market.'
Yahoo
07-05-2025
- Entertainment
- Yahoo
Jeff McNeil and Francisco Alvarez 'excited' about returning to Mets lineup
On Mets Off Day Live, former Mets manager Terry Collins and SNY MLB Insider Andy Martino join host Michelle Margaux to break down New York's 7-0 homestand, Francisco Alvarez and Jeff McNeil's return to the lineup, and where the Mets stack up in the league. On Mets Off Day Live, former Mets manager Terry Collins and SNY MLB Insider Andy Martino join host Michelle Margaux to break down New York's 7-0 homestand, Francisco Alvarez and Jeff McNeil's return to the lineup, and where the Mets stack up in the league.
Yahoo
07-05-2025
- Entertainment
- Yahoo
On Mets Off Day Live, former Mets manager Terry Collins and SNY MLB Insider Andy Martino join host Michelle Margaux to break down New York's 7-0 homestand, Francisco Alvarez and Jeff McNeil's return t
On Mets Off Day Live, former Mets manager Terry Collins and SNY MLB Insider Andy Martino join host Michelle Margaux to break down New York's 7-0 homestand, Francisco Alvarez and Jeff McNeil's return to the lineup, and where the Mets stack up in the league. On Mets Off Day Live, former Mets manager Terry Collins and SNY MLB Insider Andy Martino join host Michelle Margaux to break down New York's 7-0 homestand, Francisco Alvarez and Jeff McNeil's return to the lineup, and where the Mets stack up in the league.
