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Drivers adjusting their travel as fuel prices start to bite

Jun 19th, 2015 | By | Category: Front Page Layout, Latest News, News

Stats graphFUEL SPENDING with electronic cards in the last month has increased by 4.8%, the biggest increase in the last 12 months.

The increase has seen $28 million more being spent with electronic cards on fuel in the month of May 2015 compared to April 2015.

May’s increase of $28 million almost triples the increase of $10 million in April 2015, according to Statistics New Zealand’s latest Electronic Card Transactions data.

After dropping late last year, many parts of the North Island saw huge jumps in fuel prices during May, with 20 to 30 cent increases as prices rose to match the rest of the country.

Newswire asked members of the public if they change their fuel spending habits as fuel prices change.

Shane Roberts (48): “Definitely, as fuel prices have risen we have gone on fewer trips because we have other bills to pay”.

Jane Baxter (45): “No, but we did buy a Diesel 4WD to replace our petrol one because it costs $160 to fill up with petrol weekly, which was too much”.

Kirk Hodgson (26): “Yes because I ride my bike most of the time and only drive when necessary”.

Christine Vorster (25): “My fuel spending usually stays rather consistent but I do spend more if prices go up to keep up with my weekly demand”.

Yutian Liu (28): “Yes, I usually go away more if petrol is cheaper”.

Dina Patel (47): “No, I work 7 days a week so I have to be spending enough to get me to work every day”.

Fuel spending helped increase overall electronic card spending after a decrease in April 2015.

The total value of electronic card spending, including two non-retail industries (services and other non-retail), rose 1.4 percent in May 2015. This rise follows a 1.2 percent fall in April, says Statistics New Zealand.

Retail spending using electronic cards rose by 1.2 percent in May 2015, following a 0.7 percent fall in April and 0.7 percent rise in March this year.

In actual terms, card-holders made 125 million transactions across all industries in May, with an average value of $49. The total amount spent across all transactions was $6.2 billion.

Electronic card systems have recently been upgraded making them easier to use. Most debit and credit cards now have the contactless payment such as Pay Wave, Pay Pass).

Newswire asked the public if new contactless payment systems made it more likely to spend money with an electronic card.

Twyla Gillan (27): “No I don’t think it makes people use their cards more because people just use eftpos anyway”.

Kitty Hart (30): “Yes, I come from Melbourne and everyone over there uses it all the time because it’s so much quicker”.

Kirk Hodgson (26): “No I don’t think it makes you any more likely to use a card”.

Yutian Liu (28): “Yes I do because it’s a lot easier than paying with cash”.

Dina Patel (47): “I have never used it because I don’t trust it, any person off the street could use it, I always put my pin in”.

Shane Roberts (48): “Yes I think it does because it’s just so easy”.

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