Aussie Motorists Brace Themselves for Soaring Petrol Prices

Petrol in Australia was seen at a peaked price of $1.51 per litre yesterday morning on the 9th of January; Prices in Sydney were seen to fluctuate at an average price of $1.49 per litre early this week, whereas Melbourne was seen on an average of up to 2 cents higher than the New South Wales capital.

Fluctuations expected in petrol prices
It has been predicted that within the next few weeks, Australian motorists could be facing a threat of petrol spikes of up to $1.60, as sources from news.com.au suggest that prices are expected to surge as escalations of violence in the Middle Eastern countries are restricting global oil supplies.

Despite previous news suggesting that petrol prices were expected to fall at the end of the Christmas holiday period, Aussies will most likely be disappointed in what major petrol corporations Shell, Caltex and BP has in place for them.

CommSec chief economist Craig James has claimed that, “we’re probably going to see the high point of the discounting cycle somewhere between, somewhere getting up towards $1.55, the low point of the cycle somewhere around $1.30-$1.35.” In spite of the significantly lower suggested price of $1.60 in the upcoming weeks, the low point within the cycle of $1.30 is still approximately 2 cents higher than last month’s low point.

One way motorists can adapt to price fluctuations is to apply for quicks loans and fast cash loans. Tuesday was widely known as “Cheap Tuesday” a couple of years ago, but recent price cycles have been much less predictable. “Current price cycle can now vary from 7 to 10 days,” claims Michael Case of RACV. Experts are now claiming that common low points of cycles were seen roughly on the 5th and 6th, 15th and 16th, and 25th and 26th of each month.

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