Grey nomads and other motorists who expect to be clocking up a lot of kilometres in the weeks and months ahead are being warned that their fuel budget will need to be a hefty one.
Petrol prices increased 7.2% in the quarter just gone, contributing a quarter of a percentage point to quarterly inflation … and the future isn’t looking too bright, either.
The Government says production cuts and disruptions in global oil markets have been a key driver of inflation, and are the main reason why Australians have been facing higher prices at the bowser.
And the Treasurer, Jim Chalmers, said people should not hold their breath waiting for significantly lower prices.
'I’m glad we didn’t go for that bigger van, aren’t you?’ PIC: Cizza
“We shouldn’t be surprised to see some volatility in inflation figures going forward, particularly given the global uncertainty from the conflict in the Middle East and the war in Ukraine,” he said.
The fact that the Australian dollar is relatively weak at the moment isn’t helping the petrol price situation, either.
While higher fuel prices affect most people around the country, grey nomads – who typically drive long distances in big rigs and who are commonly on tight budgets – tend to feel the pain at the bowser particularly acutely.
For a way of getting an overall picture, a litre of diesel in Derby, WA, has recently been costing around $2.56; in Cooktown in Queensland, it has been around $2.26; and in Tennant Creek in the NT, it had been around $2.30.
Are you a Grey Nomad member yet? Click here to find out about the discounts, competitions and other benefits on offer.
$2.33 at Bateman Bay on Friday 27th October
$2.195 at Forster NSW today for diesel.
Have you observed the many recently renovated service stations and new build service stations serving fossil fuels as you travel?
Business decisions on investments are based on Return On Investment considerations long term.
So true…a new 7Elven and BP nearly done in Shepparton on main strip that already has a Liberty and 2 x Woolworths stations. Not small $ so have to wonder what they know we don’t?
$2.36 at Robe SA. Everything in Robe is overpriced & the town is overated.
Prices in Atherton FNQ 30/10/2023
224.9 cents
$3.05 for premium unleaded (95) at Nullarbor Roadhouse!
If you’re a GREY NOMAD TRAVELLING NOW : YOUR NOT ON A TIGHT BUDGET EVERYTHING IS BEING PRICE GOUGED UP TO 20 0/0 IN MANY CASES; THIS WILL GO ON FOR THE NEXT FEW YEARS SO TIGHT BUDGET EQUALS NOT TRAVELLING FOR MUCH LONGER
Really 20c is only abit over 10% mark up.not very much in retailing considering the price of wages and electricity.Best bet is use a smaller tow vehicle and don’t go as fast or as far every trip
Diesel was over $3 about Augusta on the Nullarbor
$2.16 Busselton WA
$2.11 diesel Bairnsdale Victoria today 1/11/23 united
Today 1st Nov at Appco and Pearl servos in Wagga Wagga $2.03 for diesel, and $1.89 for E10 the others not more than 500m away from these two, $2.23 for diesel.
$2.31 in Eromanga &Quilpie 2.36 in Chinchilla last week
For diesel
Diesel $2.11 Shepparton Vic. $2.18 Cobram
I don’t have my MoHo yet, so I’m still in the planning/budgeting phase. At the moment I’m allocating $3 per litre (diesel) in my budget. I expect to be setting off in June 2024. Hopefully it won’t be that much, but from the comments below maybe I should make it more?
$2.06 apco Bendigo
$2.65 at Burke and Wills Roadhouse.
