WARNING: Fuel prices could spike any moment in Ipswich
TUESDAY 11AM: FUEL prices could spike in Ipswich in a matter of hours, according to the state's peak motoring body.
Once fuel costs rise prices won't drop again for about five weeks when the fuel cycle finishes, the RACQ says.
RACQ spokesperson Lauren Ritchie said Ipswich drivers should fill up as soon as possible as prices in Brisbane were already rising.
"There is no firm evidence of a price hike in Ipswich yet today," she asid.
"They have hiked in Brisbane already with 51% of retailers in the Brisbane area selling unleaded for 132.9 but we haven't seen anything in Ipswich, the Gold Coast or Sunshine Coast.
"But if it's happening in Brisbane, Ipswich won't be far behind so time is running out.
"We're talking days, not weeks, we could even be talking hours."
The RACQ fair fuel price for Ipswich today is 104.6.
For a full list of fuel prices across the region visit the RACQ Fair Fuel website.
MONDAY: PETROL prices have dropped to less than a dollar at Ipswich stations with one reader spotting discounted unleaded on sale for just over 98 cents yesterday morning at Caltex Yamanto.
Motorists have flocked to petrol stations around Ipswich to fill up on the cheap petrol since prices started dropping yesterday.
But the RACQ warn these low prices may not last long.
The average price of unleaded fuel across Ipswich today, across the 4305 and 4306 postcodes, is 104.6c.
That means if you're paying more than that - you're paying too much.
RACQ spokesperson Renee Smith said south-east Queensland price market has gone into a price hike phase so Ipswich locals should buy now or risk paying more.
"It won't so we've already seen prices starting to go up in Brisbane and Ipswich closely follows that cycle so we'd be urging drivers to buy now," she said.
"These low prices won't last long. It's been nearly a year since prices have been this low.
"We are in the very cheap phase of the price cycle and there's a difference in 20 or 30 cents per litre in the cycle.
"Prices at some Brisbane service stations have gone up to 132.9 and that's the price some Ipswich stations will follow suit."
The last time prices were lower than today was in September and October last year when service stations were selling ULP for less an $1.
"There is still plenty of cheap fuel for less than 110 in Ipswich but it doesn't take too long for Ipswich and it could happen at any time. Those watching what they spend should buy now," she said.
"The cycle lasts five weeks so motorists will have to wait a while for prices to drop again."
Can anyone tell us the last time fuel prices were this low? If you spot a cheap fuel station tell us on Facebook or in the comments below!