Fuel prices soar to 12 month high
Some prices are above 140c/L in Burnett
FUEL prices have hit a one-year high in the North Burnett, with prices in Mundubbera rising to above 140c/L.
Mundubbera Enterprise Association vice president Paul Dare said a large rise in fuel prices could be both good and bad for the local economy.
“It’s good in some ways as people are less likely to leave town and do a bit more shopping locally, because fuel prices are so high,” Mr Dare said.
“I’ve certainly heard about it, people ask themselves do I really need to go there or can I do it nearby.
“If you’re just going out of town to shop because of lower food prices, the cost is raised by the fact you have to pay more to get there.”
Mr Dare said there were still a number of negatives to high fuel prices.
“It is bad for business but what can you do about that,” he said.
“It’s just another trial we have to face when you’re in a bush economy.
“It adds to farmers expensive, it makes it harder for everyone to get by.”
RACQ spokeswoman Lauren Ritchie said fuel prices in regional areas operated differently to prices in the city.
“In south-east Queensland they have price cycles, outside of the South East there is no price cycle, you get a lot more consistent pricing,” she said.
“In saying that you do see fluctuations up or down due to factors such as global oil prices, terminal gate prices, and supply and demand, that’s why we see changes.”
Ms Ritchie said motorists should fill up when they see a cheap price, which the RACQ calculated to be below 139.9c/L.
“You never know if prices might go up,” she said.
“You should be supporting those who keep their prices down as they’re the ones trying to get the good prices for motorists.”
It is bad for business but what can you do about that — Paul Dare
PRICE HIKE: Consumers are taking a hit at the petrol pump.