Violence in oil producing countries and a cold snap in the Northern Hemisphere are the reasons why Kiwi holiday makers are going to be hit again with high fuel prices this summer.
For the first time ever, the cost of oil reached a US$100 a barrel.
The cost of LPG has already gone up and experts are predicting petrol will follow suit.
While it was the normal rush hour at the various petrol pumps across the country on Thursday, people were worried over the rumoured price increase.
"Déjà vu&there's not a lot you can do when your on the bottom of the barrel, so to speak," said a disgruntled taxi driver.
"I grumble and groan about it, but I can't do anything about it."
Experts are closely watching the latest developments and cannot see the prices going down anytime soon.
"Well the pressure is going to be for another rise; overnight we saw international oil prices hit a record US$100," says Robin Clements, a senior economist.
In America they are worried fuel prices will soar and consumers will stop spending and its likely to happen in New Zealand too if the price soars.
"It'll also have an impact on the economy, people will find that there's just less money available to spend on other things unless they change their behaviour," says Clements.
And with the increase in price of LPG, it means the price of a summer barbecue has also gone up by around 20%.
This is bad news as well to cab drivers across the country.
Dunedin Taxis run most of their fleet on LPG and say the cost increase could be passed on to passengers.
"At a later date we may have to pass on an increase to the customer," says Charles Tomkinson, Dunedin Taxis Director.
And as global prices rise and oil resources shrink, the experts are also predicting changes in the way people start travelling as well.
"Well we either have to move to public transport which is more effective use of our fuels or drive less or jump on a bike," says Clements.
So far New Zealand prices have not moved and none of the major companies in the country have confirmed if the petrol prices will go up.
The situation is being monitored very closely, but New Zealand prices will probably not go up as long as the oil price stays high for a few days.
Plus, since New Zealand has a very favourable exchange rate at the moment, the country has a bit of a buffer, but no one knows how long that will last.
