Friday, November 17, 2017

Petrol prices in Melbourne starting to rise today to 149.9.

Today I noticed a number of Woolworths Petrol stations have raised their prices to 149.9. This is perhaps the highest price for a long time for unleaded petrol. That means it's time again to watch the prices and start filling up. For those using the 7 Eleven fuel app wait and watch the prices and then lock in the lowest price you can find for the next week.

For those wondering how come the price is so high, it is because the average gate price of petrol has increased above the 120 mark. When prices are restored to the peak the peak price is usually 25-30 cents above the average gate price. There also appears to be a pattern of prices a tenth of a cent below a multiple of five cents eg. 139.9, 144.9, 149.9, etc. With the average gate price at 123.1 today, it makes sense the price would go up to 149.9.

The lowest prices around Melbourne today appear to be in the Springvale/Broadmeadows area if you're lucky enough to be passing through those areas.

Kelvin Eldridge

No comments:

Post a Comment

Note: only a member of this blog may post a comment.