Fuel prices soar to 12 month high

Some prices are above 140c/L in Bur­nett

Central and North Burnett Times - - NEWS - Tobi Lof­tus Tobi.Lof­tus@cnbtimes.com.au

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.

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