Drivers are urged to fill their tanks immediately because gas prices are experiencing a HUGE peak – and the worst is yet to come
- Prices in the bowser have already risen by 30 cents per liter in Sydney
- AMP Capital chief economist Shane Oliver blamed the attacks on Saudi Arabia
- Starting Saturday, unleaded gasoline at $ 1.73 per liter in Bondi and Kensington
Drivers must fill their tanks because gasoline prices will rise dramatically.
The prices at the bowser in Sydney have already risen by 30 cents per liter and are expected to get worse.
AMP Capital's chief economist, Shane Oliver, accused attacks on Saudi oil fields as a reason for the peak.
& # 39; The rise in oil prices by $ 2 per barrel, because the attacks on Saudi Arabia justify a rise in Sydney gasoline prices by ~ 3 cents / liter, ie to ~ 157 cents / liter. Not 173.9! & # 39; he wrote on Twitter.
Starting Saturday morning, the NSW Government Fuel Check website reported unleaded gas for $ 1.73 per liter in Bondi, Kensington and Randwick
AMP Capital's chief economist, Shane Oliver, blamed the attacks on Saudi Arabia as a reason for the peak
Gasoline giants are slammed because they have used the global oil market crisis as an excuse to raise fuel prices.
The Royal Automobile Club of Queensland claimed that several fuel companies had dropped drivers, including five Caltex stations.
& # 39; There is no good reason for the walk this time. It is one that is clearly driven by greed and they use global uncertainty as an excuse, & said RACQ spokesperson Renee Smith.
Mrs. Smith said gasoline prices were expected to rise, but not nearly as far as they had.
& # 39; This step demonstrates the volatility of the fuel market and proves why everyone should buy from those who offer the best deals, & # 39; she said.
Mr. Oliver said that Sydneysiders must now fill their tanks before the gas price rises even further.
The average price of Sydney for normal unleaded fuel is already at $ 1.45 per liter.
Peter Khoury from NRMA urged drivers to look around before filling their tanks.
"We're looking at another 20 cents jump in the average price in Sydney," he said News.com.au.
& # 39; It goes from $ 1.37 (from 48 hours ago) to $ 1.66 per liter. & # 39;
Mr. Khoury said the increase is likely to reach eight or nine cents per liter more than NRMA had expected.
Peter Khoury from NRMA urged drivers to look around before filling their tanks
Starting Saturday morning, the NSW Government Fuel Check website reported unleaded gas for $ 1.73 per liter in Bondi, Kensington and Randwick.
Sydney's fuel is the cheapest in the suburbs of Lewisham, Earlwood and Bexley for $ 1.31 per liter.
Meanwhile, Saturday morning premium 95-fueled peaks of $ 1.88 cents per liter in the city.
Premium 98 hit 196.9 cents per liter in Edgecliff and 195.9 cents per liter in Lane Cove.
Khoury said that drivers can get $ 1.66 per liter beginning to mid-next week.
& # 39; Right now it's better, even though it goes up, & # 39; he said.
The NRMA spokesperson said that prices could fall as slowly as a penny a day.
In the meantime, Adelaide has seen a price drop of two cents in the last four days.
Mr. Khoury said that the fuel costs of Sydney, Melbourne, Brisbane, Adelaide and Perth regularly change due to price cycles.
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