Terry Collins: AA Principal Policy Advisor on fuel prices dropping before Christmas

Early Edition with Ryan Bridge · Dec 6, 2023 · 4m

Good news for kiwis as the price at the pump is dropping just in time for Christmas.

Oil prices have dropped four cents since Friday and now sit at $77 USD, almost 30 cents down from September.

AA Principal Policy Advisor Terry Collins told Tim Dower that the recession may be acting in our favour, combined with a lack of demand coming out of China and Europe.

He was predicting fuel prices would be closer to $3.50 than $3 three months ago, and he's glad he's wrong.

Terry Collins says he was starting to feel like the Christmas Grinch, but now he's feeling things are much better.

He predicts…