Gold Coast fuel price records broken

The State’s peak motoring body has urged Gold Coast motorists to avoid filling the tank, as the latest average hit a four-year high.

Fuel charges

It came just days after the Brisbane average reached the record, and RACQ spokesperson Lucinda Ross said drivers had every right to be frustrated with fuel one of the biggest weekly expenses for Queensland families.

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“Prices on the Gold Coast are now sitting at 159.9 cents per litre (cpl), the highest they’ve been since July 2014 so motorists are, rightly, feeling the pinch,” Ms Ross said.

“The bad news is that price could creep even higher over the next day or two as we wait to see where it peaks.”

Ms Ross said at 158.5cpl, the average price on the Sunshine Coast was just 0.2cpl shy of reaching a four-year high.

Drivers were also warned prices during the next ‘cheap’ phase of the price cycle would not fall as low as they had previously.

“Global oil prices continue to rise and the Australian dollar continues to weaken, and this is putting upward pressure on the wholesale price, so unfortunately, we’re thinking prices won’t drop as low as they did last cheap phase,” Ms Ross said.

“If you’re in the south east, you’re best to hold off a week or two before filling up – you could save yourself 10-20cpl in the process.”