Owning a car means that you will need to start setting aside expenses for petrol. As such, I have subscribed to this amazing website called Fuel Watch. (http://www.fuelwatch.wa.gov.au)
This website explains everything you need to know about current fuel prices, trends, locations of petrol kiosk etc.
These snapshots are taken from the website.
This table tells me that Coles Express (Shell) at Canning Vale has the cheapest Unleaded Petrol in my area. ($1.341 per litre)
Petrol Trend for the past month:
Theory behind trends:
Some things I have learnt:
1) Do not under-estimate discount coupons. "4 cents off per litre" can equate to a lot of savings in the long run.
2) Pump petrol when the price is cheap, NOT when your tank is empty
3) Fuel prices are usually cheapest on Wednesdays
4) Fuel prices can differ a lot from place to place. It is most expensive in the city centre and far-away tourist attractions (eg Margaret River) and cheapest in unpopulated suburbs(eg Coles in Canning Vale). difference can be up to 20cents per litre.
5) Due to demand & supply, fuel prices vary at different times of the day/week. Prices start to increase after 4pm where most pple knock off work, and also increase on Fri, Sat and Sunday where more pple are not working.
"English speakers love to talk about the weather. It is a way of breaking the ice."
ReplyDeleteWe not only have weather talk, now there's petrol talk. Haha, thanks for the mini econs lecture on fuel prices and its price elasticity of demand.