Posted: 14 Nov 14 14:25 Post subject: Games petrol companies play
Unless you live in the regions where you get the same high petrol price 24 x7, the capital petrol price cycle has been predictable at about 1 week for many years.
Today the petrol price cycle is an unpredictable 2 to 3 weeks. Why? Anyone who drives much has to fill 2 or 3 times rather than once per price cycle, driving up their average cost.
Further, the price spread between 91 and 95/98 octane was historically $0.10 to $0.12 and only the relatively few high performance cars required 95/98. Today many new fuel efficient cars require 95/98 octane, and the spread has reached $0.16 to .18, and that is rarely if ever posted excepting on the bowsers.
My cynical side says the petrol companies have implemented new ways to increase profits while customers and the ACCC remain fixated on the "headline" price of 91 octane, and discount coupons.