THE PRICE OF PETROL.
FURTHER DROP NOT LIKELY.
, POSITION IN AMERICA. ,
The impression gathered by Mr. H. O. Wiles, of Auckland, while in the United States 'recently; was that the prices of jtetrol ; were now as low .as they were likely to'g r j:'^ Mr. Wiles returned by the R.M.S. Makura yesterday and in explaining, this view said that many of the oil ■ Wells which had promised " big returns three months i ago had diminished greatly and were not likely to contribute much to the supply of / high v; grade motive oils. When reminded $ that there had been recent : announcements of reductions in the United States Mr. Wiles said : these c affected low grade oils, which could . not be used ;to any extent ;in this country. , * ' > The visitor found conditions generally in the -United States very good and this was reflected in the phenomenal demand for motor-cars. The great) trend was toward a medium weight and medium priced about 25cwt. and costing Irom £200 to £400. One thing that struck, him was the great number of closed cars in use, for while New Zealand did not as a rule appreciate this type, it was the ideal form of transport, giving protection in all states of the weather.
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Bibliographic details
New Zealand Herald, Volume LX, Issue 18565, 24 November 1923, Page 12
Word Count
207THE PRICE OF PETROL. New Zealand Herald, Volume LX, Issue 18565, 24 November 1923, Page 12
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