FUEL PRICES SET TO DROP

NRMA pre­dicts a fall in fuel prices in com­ing weeks

The Daily Examiner - - FRONT PAGE - Cait­lan Charles

WHO can re­mem­ber the last time fuel dropped be­low a dol­lar?

In March last year, fuel prices in the Clarence Valley dropped be­low $1 but now, you’re more likely to see prices reach­ing as high as $1.40 per litre.

Each day, the Daily Ex­am­iner pub­lishes fuel prices from around the Clarence Valley and, in the past week, petrol has cost about $1.40-50 per litre in the Lower Clarence and along the Pa­cific High­way, while fuel at Grafton and South Grafton has cost be­tween $1.35-45 per litre.

How­ever this is cheap in com­par­i­son to some of NSW ma­jor cities, as Syd­ney’s fuel prices hover be­tween $1.40-55 for the last week.

NRMA spokesman Peter Khoury said re­gional cen­tres like Grafton’s fuel prices were not as volatile

as cities like Syd­ney.

“Syd­ney is at the high point of their fuel price cy­cle,” he said.

“Grafton, how­ever, is in the mid­dle of the range, if not a lit­tle north of the re­gional NSW price range.”

On Satur­day, unleaded and E10 prices in Grafton and South Grafton ranged from $1.37 to $1.39.

In the Ma­clean and Townsend area, prices were be­tween $1.37 and $1.42 for unleaded and E10.

Yamba saw prices with a big­ger range, with the Lib­erty on Yamba St hav­ing unleaded fuel cost­ing 136.9 cents, while the Blue Dol­phin Lib­erty had unleaded at 142.9 cents.

Ac­cord­ing to the NRMA, Syd­ney’s fuel prices work on a cy­cle, with their low point hit­ting two weeks ago when fuel was about $1.25. How­ever re­gional cities like Grafton do not op­er­ate on the same cy­cle and have seen much more stable prices.

“The prices have re­mained stable over Christ­mas and new year, but they didn’t fall ei­ther,” Mr Khoury said.

“When we com­pare the prices with the global world oil prices and the Aus­tralian dol­lar, we think the price of fuel will go down.”

How­ever, Mr Khoury said it was im­pos­si­ble to pre­dict when that would hap­pen be­cause of how volatile the global oil market was, adding that it of­ten changed hour to hour.

“Over the next week or

❝ Grafton, how­ever, is in the mid­dle of the range, if not a lit­tle north of the re­gional NSW price range. — Peter Khoury, NRMA

so, fuel prices should not go up, but they should also come down a bit,” he said.

Mr Khoury said the best thing for peo­ple to do was use the NSW Fuel Check app to find the cheap­est fuel in their area.

PHOTO: CAIT­LAN CHARLES

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