News

Fuel predicted to skyrocket ‘above 150c/L' in coming days

IF YOU'RE running on empty, and even if you're not, now's the time to fill up because fuel prices across the Southern Downs are expected to go up in the coming days.

Fears the 'cheap Tuesday' mantra will become a thing of the past have flooded the minds of many and RACQ has predicted prices will go above 150c/L.

RACQ spokeswoman Niki Kormendy said the current south-east Queensland fuel price cycle had reached its 14th day, following the longest fuel price cycle on record, which was 18 days last month.

"Motorists used to be able to fill up on cheap Tuesdays, knowing the price cycle would be at its lowest point, but since April 2011 the fuel cycle has increased to 11 or 12 days, sometimes longer," Ms Kormendy said.

"The longer price cycles are making it difficult for motorists to plan their refuelling around the cheap days, so they're missing out on significant savings over the year.

"But we're now at the bottom end of the current cycle so motorists should take the opportunity to snap up the cheaper fuel on offer."

Ms Kormendy said while it was challenging to find the cheapest fuel prices, motorists could save money by checking racq.com.au/fuel for daily updates.

Professor Frank Zumbo at the University of New South Wales, who specialises in competition and consumer law matters and is an avid fuel watcher, was unavailable for comment as to why we were experiencing this change of cycle.

Let us know where you snap up a bargain, or pay an arm and a leg. Leave a comment below.

Topics:  fuel, motorists, petrol, petrol prices, racq, southern downs



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