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In 2021, New Zealand's Total Energy Supply (TES) amounted to 829.3 petajoules (PJ), marking an 11% increase compared to 2011. The energy supply composition highlighted a diverse range of sources, with renewables being the largest contributor at approximately 42%, followed by oil at 34%, natural gas at 17%, and coal contributing about 7%.
The oil and gas industry in New Zealand explores and develops oil and gas fields, and produces and distributes petroleum products and natural gas. In 2022, New Zealand's net self-sufficiency in oil (mmbls production divided by consumption) was 12%, i.e. the country imported much more crude and refined oil than it exported. [1]
Fuel consumption monitor from a 2006 Honda Airwave.The displayed fuel economy is 18.1 km/L (5.5 L/100 km; 43 mpg ‑US). A Briggs and Stratton Flyer from 1916. Originally an experiment in creating a fuel-saving automobile in the United States, the vehicle weighed only 135 lb (61.2 kg) and was an adaptation of a small gasoline engine originally designed to power a bicycle.
Wood fuels are sustainable and carbon-neutral [10] and can provide New Zealand with a greener economy, less dependent on fossil fuels. [11] New Zealand Ministry of Business, Innovation and Employment data [12] shows wood fuel is the cleanest energy consumed for industrial process heat by a large margin. [13]
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Monroney label showing the EPA's fuel economy equivalent ratings for the 2011 Chevrolet Volt. The rating for all-electric mode (left) is expressed in miles per gallon gasoline equivalent (mpg). Miles per gallon gasoline equivalent (MPGe or MPG ge) is a measure of the average distance traveled per unit of energy consumed.
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The economy of New Zealand is a highly developed free-market economy. [23] ... and a 30 percent hike in fuel prices (from NZ $1.87 per litre to $2.45 per litre).