As we head towards Christmas, fuel prices appear as if they could be about to become cheaper across the country.
Australian households may get some relief coming into the holiday season, with global indicators pointing to potentially lower fuel prices in the coming weeks.
Crude oil prices contracted more than 3 per cent last week – well below the $US80-per-barrel threshold – while wholesale prices from Singapore, which directly supplies Australia, are down almost 4 per cent in a month.
According to commodities expert David Scutt, wholesale unleaded prices are down 20 per cent from record highs in recent months – suggesting 200 cents per litre should be the top of the price cycle, not the average.
Extracted in full from: https://www.drive.com.au/news/relief-on-the-horizon-with-fuel-prices-set-to-fall/