The days of cheap fuel have been dashed by the lifting OVID-19 travel restrictions.
The days of cheap fuel have been dashed by the lifting OVID-19 travel restrictions.

Rougher ride at the bowser as cheap fuel tanks

Unfortunately the RACQ says the days of record-cheap fuel of less than a dollar a litre at the bowser is a dim memory.

The club’s June monthly fuel price report revealed the Sunshine Coast average up by 10.7 cents per litre (cpl) to 118cpl in just one month.

This compared to the average price for the Gold Coast was up by 14.1cpl to 117.4cpl.

This week Petrol Spy Australia reports the latest spike of unleaded has reached as high as 145.9 cpl at many Noosa petrol outlets today, with BP Bouganvillia at Tewantin was 125.9 cpl while Cooroy BP was 135.9 cpl.

The Puma Peregian was offering a comparative bargain buy at 112.5cpl.

Liberty Tanawha was underselling most at 109.9 cpl, but United Coolum had e10 for 108.9 cpl and unleaded at 112.5cpl in line with its nearby rivals.

Further down the Coast Caltex Sippy Downs was on 139.9 cpl

The RACQ’s Renee Smith said prices jumped across the state after oil prices steadily increased in May and June, but oil, now at $US40 per barrel, remained substantially lower than the $US60 per barrel experienced in January.

“It was good while it lasted but unfortunately the days of ULP for less than 100cpl are behind us for now,” Ms Smith said.

“Oil prices were higher in June due to an increase in demand as Governments lifted COVID-19 travel restrictions.

“At the same time, there was a substantial drop in oil supply due to the production cuts agreed to by the Organisation of the Petroleum Exporting Countries (OPEC) and their allies including Russia.

“There was also a dramatic reduction in US shale oil production,” she said.