Petrol prices in Melbourne follow a cycle of what is known as discounting followed by restoration. Over a period of time the price of petrol drops in Melbourne until it reaches a certain point, and then the price is restored with a large price increase. The cycle then starts again.
To many people it doesn't make sense when the price will jump. Miss out and you'll spend $10-$15 more for a tank of petrol. However, from my observation of the market, petrol prices drop to around, or slightly below the average terminal gate price. I tend to liken the average terminal gate price to the wholesale or cost price of petrol and we pay for petrol at the retail price.
Now having an idea as to when we'll be approaching the restoration phase of the petrol price cycle, we can be alert for the price jump. No longer do we need to think there will be a jump during most of the discounting phase.
During the discounting phase we simply shop around for the cheapest price and take advance of discount vouchers. Once the price nears the average terminal price, we can be ready for the first signs of the restoration phase and thus fill up our tanks to take advantage of the lowest prices in the cycle.
To make it easier to know the average terminal gate price, I've now added the average terminal gate price to the Petrol Prices Melbourne main page.
I hope this further piece of information helps take some of the mystery out of the petrol prices in Melbourne and helps save you some money.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
To many people it doesn't make sense when the price will jump. Miss out and you'll spend $10-$15 more for a tank of petrol. However, from my observation of the market, petrol prices drop to around, or slightly below the average terminal gate price. I tend to liken the average terminal gate price to the wholesale or cost price of petrol and we pay for petrol at the retail price.
Now having an idea as to when we'll be approaching the restoration phase of the petrol price cycle, we can be alert for the price jump. No longer do we need to think there will be a jump during most of the discounting phase.
During the discounting phase we simply shop around for the cheapest price and take advance of discount vouchers. Once the price nears the average terminal price, we can be ready for the first signs of the restoration phase and thus fill up our tanks to take advantage of the lowest prices in the cycle.
To make it easier to know the average terminal gate price, I've now added the average terminal gate price to the Petrol Prices Melbourne main page.
I hope this further piece of information helps take some of the mystery out of the petrol prices in Melbourne and helps save you some money.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
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