Rising petrol prices to jump dramatically, says CommSec
Marc Moncrief, 08 September 2015
That satisfied sense of well-being you’ve been enjoying while standing by the bowser is dead. The days of cheap petrol ended last weekend.
Since Wednesday, the average price of unleaded petrol in Melbourne has jumped by 20 cents, and according to analysts, it will jump further still.
“Motorists have enjoyed a good few weeks of cheaper fuel prices. But that is all about to change in the coming fortnight,” said CommSec chief economist Craig James.
“A combination of a surge in global oil prices and a sliding Aussie dollar is likely to see pump prices lift dramatically in coming weeks.”
According to the RACV, bowser prices in Melbourne have jumped 25 cents since last Wednesday, from 1.14 to 1.39.
Extracted in full from the Sydney Morning Herald.