Australians are being hit twice because of the high cost of gasoline when fuel reaches its highest peak in 10 years, which raises the price of food, clothing and electronics.
The average price of unleaded gasoline across the country has reached 159.3c per liter in the last week and continues to rise further in Sydney.
Motorists have not seen the average prices so expensive since July 2008, the Herald Sun reported.
Australian motorists have been feeling pain in the pump when gasoline prices reached a maximum of 10 years (stock image)
The average price of unleaded fuel in Australia has been as high as 159.3c per liter, with even higher costs in Sydney (pictured)
The average cost of unleaded fuel in Sydney has been as high as 165c per liter during the past week, but prices at some service stations have risen to 169.9c.
In Melbourne, the average price has been slightly lower at 152c, but in parts of the city on Monday, unleaded prices also reached 169.9c per liter.
Meanwhile, diesel prices have been averaging 164.7 c / liter in Australia, roughly an increase of five cents per liter in two months.
But motorists not only experience pain in the pump, the price of gasoline is also raising the cost of food and other consumer goods.
The head of the Victoria Transportation Association, Peter Anderson, said that diesel prices represent between 20 and 30 percent of the daily operating costs of a transport company.
"Everything related to their cost of living increases and could continue to do so," Mr. Anderson told the Herald Sun.
Commsec chief economist Craig James said that "filling the car with gasoline is now the largest weekly purchase for most families" (stock image)
But motorists not only experience pain at the pump: the cost of gasoline is also raising the price of food, clothing and electronics (stock image)
GASOLINE UNLOADED BY AUSTRALIA
Average prices for the last 14 days.
– Sydney: 155c
– Melbourne: 157.6c
– Brisbane: 160.5c
– Perth: 149.8c
– Adelaide: 167.3c
– Darwin: 159.1c
– Hobart: N / A
– Canberra: 162.4c
That includes fresh food, clothes and electronics. Everything we eat, buy, drink or use & # 39;
He said that diesel prices had been relatively stable until the last two months, with the increase in costs contributing to a one percent increase in the retail cost of the products.
Commsec's chief economist, Craig James, told the Sydney Morning Herald that high prices were affecting families more intensely.
"Filling the car with gasoline is now the biggest weekly purchase for most families," James said.
In the capital cities with a discount cycle, gas prices could fall as low as $ 1.43 per liter, but could still be as high as $ 1.70 per liter when the discount cycle ends. Average prices for unleaded gasoline in Australia will remain from $ 1.50 to $ 1.60 per liter.
Currently, motorists are feeling the effects of a weak Australian dollar and high global oil prices and wholesale, which has raised prices at the bow.