This is a gift to gas station operators and to oil companies.

This kind of figure is bound to generate negative headlines for New Zealand. Higher oil prices also suggest the deficit could widen further.

The oil is in the ground waiting to be exploited. But how do we get access to what is left? At the end of the day the drill bit has to hit the ground.

There's a geopolitical overlay that's going to look similar to oil.

The current perception is that there is enough crude and heating oil around, thus the slide in prices.

Repairs are proceeding apace. Discretionary driving can be cut back but you have got to heat your house. Heating oil will soon lead the market.