School bus safety

The BCA took the opportunity of the new school year starting to get some safety messages out, in conjunction with the Ministry of Education.  You can see our press release here, which we note was picked up in the sunny Bay of Plenty   SunLive - School’s back, and so are the buses - The Bay's News First

Oil Prices - 2023 and beyond

You might be interested in the graph below which is based on the weekly rates Mobil has set over 2023. While the inflation outlook over the next few years is volatile, there are a few other factors in play that will affect oil prices. The US Strategic Petroleum Reserve (SPR) is half of its maximum capacity and down to levels last seen in the early 1980’s. The US Dollars remains strong and could stay strong against the NZ dollar for some time. This month Saudi Arabia and Russia are extending production cuts. This is on top of April 2023 announcements by OPEC+ producers that run until the end of 2024. Some analysts believe that even in a global recession scenario, energy prices could remain high or continue to increase.

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