RACQ spokesperson Lucinda Ross said prices had spiked across the south east in the last week and motorists should hold off on filling the tank.
“We’re in the most expensive phase of the south east Queensland petrol price cycle, so it’s really important motorists wait a week or two, if they can, before filling up the tank to get the best bang for buck,” Ms Ross said.
“We know households who time fuelling up the car with the cheap phase of the price cycle can save hundreds of dollars each year, so it’s really worth waiting – or just topping up the tank if you must.”
Ms Ross said the Club expected some relief for motorists as the oil price had fallen. In early July the Brent crude oil price hit a local high of US$79.2 per barrel, the current price was US$6.2 lower at US$73 per barrel.
“While we continue to see some instability in the global oil price, and recent falls being offset somewhat by the weaker Australian dollar, fuel companies are benefiting from savings and they need to pass these on to motorists,” she said.
“It’s certainly not uncommon for retailers to pass on oil price increases to drivers, so they must to do same thing when it drops.”
Current south east Queensland petrol price averages:
- Brisbane 157.8cpl
- Gold Coast 156.8cpl
- Sunshine Coast 154.6cpl
- Moreton Bay 158.6cpl
- Ipswich 159cpl.