...and it's got nothing to do with beating Australia!! Fuel prices are down AGAIN - and imagine how much better it would be if the NZ$ hadn't dropped so dramatically in recent months. As the graphic shows, the price of 91 octane has dropped by 23 cents in the last three weeks, and by 20 cents a litre since the end of Helengrad (couldn't resist that!!). For a business like ours which involves a lot of travel, that's great news - may gas go lower still!
And to make things even better, the banks are finally coming to the party over interest rates. The Herald reports that the BNZ is leading the way, with a six-month fixed mortgage rate of 6.99%. Keeping Stock was delighted with Westpac's move last week, especially the cut in credit card rates!
We are bound to have some tough times ahead, but at least there is a bit of good news for the average Kiwi, especially with Christmas just around the corner. We just hope that gas prices stay low for the holidays when we drive down to the Mainland!