With Ky high fuel prices it pays to fill the car in Shepp
KYABRAM motorists are being taken for a seriously expensive ride at the petrol pump — and there’s little that can be done about it.
This week, the average price of Unleaded 91 locally is hovering at about $1.50 a litre.
Meanwhile, Shepparton motorists are leaving the servo with change in their pockets, saving about 10 cents a litre at the bowser.
At the time of writing, Shepparton motorists could fill up for $1.39/l while the cheapest in Echuca was similar to the prices on Allan St.
According to the RACV, Kyabram motorists have been paying a premium at the pump for upwards of four months.
‘‘Price movements broadly reflect movements in the underlying wholesale price, typically smoothing out the minor wholesale price fluctuations,’’ Michael Case, RACV manager of vehicle engineering, said.
‘‘The last significant fuel price movement observed in Kyabram was an increase from about $1.40/l to just below $1.50/l in April. Since April, prices have remained near this level, occasionally increasing just over $1.50/l before easing back under.’’
Mr Case said the regional cycle was generally slower due to a lack of competition in smaller towns.
‘‘The price cycle is a function of competition, driven by competing fuel stations attempting to undercut each other in order to sell more petrol,’’ he said.
‘‘Most regional towns across Victoria exhibit ‘sticky pricing’, where prices remain consistent for extended periods regardless of Melbourne fuel-price-cycle trends or wholesale prices.
‘‘Overall, regional towns tend to respond slower to changes in wholesale prices.’’
However for locations where petrol stations can be few and far between, prices were generally set higher. For local motorists this means there’s not much shopping around to be done.
❝Most regional towns across Victoria exhibit ‘sticky pricing’, where prices remain consistent for extended periods❞ — Michael Case