He said the NRMA was keeping an eye on Sydney’s fluctuations, concerned the current cycle may extend through to the Christmas period.
His advice to travellers is to avoid fuelling up in Sydney all together.
For the rest of the country, however, prices are easing, with Adelaide residents benefiting from “exceptionally” low rates.
Petrol pumps across Adelaide are demanding $1.69 on average, an indication that prices have bottomed out, according to Mr Khoury.
“We suspect that Adelaide has gotten to the bottom of its cycle, so Adelaide is exceptionally cheap right now,” he said.
The average unleaded price in Brisbane and Perth is on the more expensive side, sitting at about $1.97 per litre collectively.
Mr Khoury said Perth was in the midst of a price slide, in accordance with their unique fortnightly price cycle, after it spiked on Tuesday.
Unleaded prices will dip before the Christmas break in Brisbane and Melbourne, with the average in Melbourne at the moment $1.87 per litre.
Hobart, Darwin and Canberra don’t have independent price cycles like the rest of the country, instead following global and wholesale prices that sit at about $1.72, a fall of 25 cents from September.
Mr Khoury said large regional cities in NSW, Victoria and Queensland were starting to adopt the price cycles of their capital cities, with Wollongong and the Central Coast also anticipating prices hikes for unleaded.
Despite the good news for most of the country, Mr Khoury said any unexpected global events could cause price spikes for petrol in Australia.
“The trends since September has been for wholesale prices to continue falling, but again, it’s oil, it’s one of the most volatile commodities on the open market,” he said.
“Anything that happens overseas can have an effect here at home.”
To get the best value out of their fuel, commuters are being urged to remove any unnecessary heavy items from the boot while travelling to reduce the load of the car.
Avoiding idle driving, which wastes battery, or driving at high speed with the window down, which creates more drag on the car, is also suggested.
Extracted in full from: https://www.news.com.au/finance/money/costs/exceptionally-cheap-good-news-for-aussies-as-fuel-prices-set-to-drop/news-story/c15cffef0efa5df56f3880a046589aeb