Price of Petrol

I check in every now and again on the campaign for better transport's (CBT) website (www.bettertransport.org.nz) and have used the website to keep a keen eye on the price of petrol. Of course we all know a little over a year ago oil went well beyond US $100 a barrel and NZ $2.20 per litre but we seem to have forgotten that as the price of oil has plummeted to as low as US $40 a barrel in recent times (well, as the world economy collapsed to be frank). However, in as little time as over the last two weeks or so oil has moved from $48 a barrel to $68, an upward trend long predicted by many. As the world economy stabilises and improves this should continue to increase. Although the increasing cost of petrol isn't my primary reasoning for supporting greater investment in public transport it nevertheless is a serious problem with the potential to have long term ramifications for our economy. I will continue to watch this with interest and hope it serves as a catalyst for greater change in transport policy in New Zealand.

Anyway, I am currently working on a small project about the proposed Christchurch tram extension. I hope to show what is planned and explain a bit about what I hope for. Should have this done later this week. Till then, keep your powder dry.