With Ky high fuel prices it pays to fill the car in Shepp

Kyabram Free Press - - NEWS - By Lach­lan Durl­ing

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

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.