The Road Ahead : April 2011
"The almost constant change in the cycle during the second half of 2010 reinforced the need for motorists to be vigilant about price trends so they can fill up on the cheapest days." The regional centre of Toowoomba was the cheapest place in the state to buy petrol for the second consecutive year, with an average price of 123.6 cpl, followed by Bundaberg (126.2 cpl) and Townsville (126.7 cpl). "The average fuel prices in Toowoomba, Bundaberg and Townsville were lower than in Brisbane due to highly competitive fuel markets, low shipping costs and high sales volumes," Mr Turner said. Rockhampton proved to one of the most expensive regional centres, with an average price of 131.6 cpl. According to Mr Turner, the lack of competition in the Rockhampton market has led to the 'Beef Capital' consistently being one of the least affordable fuel stops among the major coastal cities. Weipa, in the Gulf, country, was the most expensive of all the regional centres to buy unleaded petrol, with an average price of 156.8 cpl, followed by Normanton (146.4 cpl) and Charleville (139.8 cpl). Also feeling the pain during 2010 were motorists who needed to fill up with Premium ULP, which stayed at about 9 cpl above regular unleaded fuel prices. "It's disappointing to see the cost of premium ULP so high, given that it costs the refiners only 3.5 cpl more to produce than regular ULP," Mr Turner said. But it was not all bad news. The strong Australian dollar buffered consumers from increasing crude oil prices and kept the price of ULP fairly stable throughout 2010. Mr Turner said that if the dollar had been weaker, Queensland motorists would have been paying up to an extra 14 cents a litre. Diesel fuel prices also remained relatively stable during 2010, with the average price for diesel across Queensland 132.8 cpl. Caloundra was the cheapest place to buy diesel with an average price of 126 cpl, followed by Brisbane (127.7 cpl), Ipswich (128 cpl) and Toowoomba (128.1 cpl). "With more new cars using diesel, it was good to see less volatility in the price of diesel fuel," Mr Turner said. SPECIAL REPORT MOTORING ESSENTIAL INFO The full Annual Fuel Price Report 2010, daily fuel price information and places to purchase cheap fuel is available at www.racq.com.au. The RACQ's annual survey of fuel prices is based on average monthly price data provided by independent fuel price monitor FuelTrac Pty Ltd. Brisbane Airport Parking Introduces iParking Online Booking Service SAVE TIME AND MONEY! Guaranteed Space and instant discounts available ONLY online. Enter promotional code RACQ . NEW! think: BAC0005 www.brisbaneairport.com.au Now you can pre-book most Brisbane Airport Parking online. Enjoy EXCLUSIVE online products including GUARANTEED SPACE. Visit our website today to save.