News

Regions still suffer from higher margins on petrol pricing

THE lowest unleaded petrol prices since the 2011 floods gave south-east Queensland motorists some long overdue fuel price relief last month, while motorists in major regional centres paid up to 18 cents per litre more.

RACQ's latest monthly fuel price report reveals a substantial drop in retail margins in the south-east brought ULP prices down, while across the regions retail margins remained high, forcing motorists to pay 11cpl on average more than their south-east Queensland counterparts.

In Gladstone, the average price of ULP was 145.6, down 3.3 cents from the previous month, with a retail margin of 10.5cpl, compred to a margin of 4.8cpl in Brisbane.

RACQ's Joe Fitzgerald said motorists could fairly and squarely place the blame for the price disparity on the fuel retailers.

"Regional Queenslanders were slightly better off in May than in April, with retailers lowering their margins by about two cents, but margins were still too high, buoying ULP prices up," Mr Fitzgerald said.

"Far North Queenslanders fared the worst, with ULP prices up to 18cpl higher than in Brisbane, which averaged 136.7cpl last month."

Mr Fitzgerald said the drop in south-east Queensland's prices was due to an extended period of unusually low retail margins, in addition to the timing of the fuel price cycles.

"The cheapest day in Brisbane was May 13, when the average price of ULP fell to 127.8cpl - the lowest price in 28 months.

"The last time we saw ULP prices this cheap was during the January 2011 floods.

"The Sunshine Coast which - unlike the majority of regional Queensland - operates on the same fuel price cycle as Brisbane was the cheapest place to buy ULP in May, averaging 134cpl.

"The only other centres to sell cheaper ULP than Brisbane were the Gold Coast (135.4cpl) and Warwick (136.4cpl)."

Topics:  gladstone motoring petrol price racq



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

'He can see!' Mum's tears as boy fights Taipan bite

Eli Campbell, 2, is recovering at Brisbane's Lady Cilento Children's Hospital after he was bitten by a taipan three times at Agnes Water.

Todder bitten by a snake can now see, talk and walk.

LNG giants handed short term lifeline

PRICE SURGE: Oil prices boosted after OPEC agrees to cut production.

LNG shares jump after epic OPEC deal

Local Partners

David Attenborough on facing his mortality

Sir David Attenborough in a scene from the TV special The Death of the Oceans.

Life without Sir David Attenborough is hard to imagine

Goooodbye Hamish and Andy (from our radios)

Hamish and Andy

The pair have been on air since 2006

Saying "I do" changed Shia's outlook on marriage

Shia LaBeouf has a new outlook on marriage since he tied the knot.

Singer tunes in to first movie role

Tori Kelly voices the character Meena in the movie Sing.

Musician Tori Kelly voices Meena the teenage elephant in Sing

Cricketing greats bring Aussie mateship to commentary box

Cricket commentator Adam Gilchrist.

ADAM Gilchrist enjoys the fun of calling the Big Bash League.

The dead help solve the case

Debut novel delivers on wit, violence and shock

Chinese locked out of Australian property market

The rules are different if you're a foreigner

The buyer was from China - the trouble started right there

Morrison signs off on new affordable rental model

Australia's Treasurer Scott Morrison speaks during a press conference after a meeting of the Council of Federal Financial Relations at Parliament House in Canberra, Friday, Dec. 2, 2016.

Scott Morrison signed off on development of a new financing model

Family scoop bargain $160K 'holiday home' in Gladstone

BARGAIN: A Biloela family has purchased 21 Ann St for $160,000. They try to get to Gladstone at least once a month.

ADVERTISED as "renovate or demolish", but snapped up for getaway.

REVEALED: Gladstone property prices hit lowest in downturn

Aerial View overlooking Kin Kora residential area, Gladstone.



Photo Brenda Strong / The Observer

GLADSTONE PROPERTY prices have hit their lowest since the bust.

Coast high-flyer's fight back from bankruptcy, $72m debt

Scott Juniper went from millionaire developer to declaring bankruptcy in2012, now he is back on top of his game again with new developments including this one in Coolum.

'Apocalyptic lending storm' causes financial collapse.

Ready to SELL your property?

Post Your Ad Here!