This morning's Dominion-Post carries to sobering news that the price of unleaded fuel is likely to skyrocket to $2.10 a litre within days. This follows the spike in the price of crude oil on Friday to an unprecedented US$139 a barrel.
The impact of this for New Zealanders is truly worrying. Our business involves a lot of travel to provide our services to client families. Our funding is fixed. Accordingly we will have to absorb the cost increases. Doubtless there are countless nother businesses and individuals in similar predicaments. One thing we know for sure - it is likely to get worse before it gets better.