Late Wednesday night I noticed the first signed of petrol prices starting to hike. The price hike will take the price of petrol to 174.9.
For the past couple of years when the petrol price hiked it would consistently jump between 25-30 above the average gate price (think wholesale price), but now for the last few months the price jump is closer to the 40 cent mark. I'm quite surprised the media hasn't caught on and nothing is being said from the ACCC. The average gate price on Wednesday was 135.5 cents per litre so a hike to 174.9 is what would be expected based on recent price hikes.
At the moment prices around Melbourne can go as low as 127.9 at Woolworths Caltex in Patterson Lakes, less with a discount voucher. There's plenty of places in the low 130's. Woolworths tends to be better value with a discount value than Coles Express, but sometimes Coles Express can surprise you.
It's time to keep an eye on petrol prices and fill up before the petrol price cycle peaks. Also don't forget to lock using the 7 Eleven Fuel app to give yourself an extra week of lower priced fuel.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
For the past couple of years when the petrol price hiked it would consistently jump between 25-30 above the average gate price (think wholesale price), but now for the last few months the price jump is closer to the 40 cent mark. I'm quite surprised the media hasn't caught on and nothing is being said from the ACCC. The average gate price on Wednesday was 135.5 cents per litre so a hike to 174.9 is what would be expected based on recent price hikes.
At the moment prices around Melbourne can go as low as 127.9 at Woolworths Caltex in Patterson Lakes, less with a discount voucher. There's plenty of places in the low 130's. Woolworths tends to be better value with a discount value than Coles Express, but sometimes Coles Express can surprise you.
It's time to keep an eye on petrol prices and fill up before the petrol price cycle peaks. Also don't forget to lock using the 7 Eleven Fuel app to give yourself an extra week of lower priced fuel.
Kelvin Eldridge
www.PetrolPricesMelbourne.com.au
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