According to the Australian Institute of Petroleum, the national average Australian price of petrol fell by 3.8 cents per litre to a near 4-year low of 132.4 cents a litre in the week to December 14…
The Australian petrol price has fallen to just shy of 4-year lows but it has further to fall. In fact the Singapore gasoline price is at 5-year lows, while the domestic wholesale (terminal gate) price fell by a further six cents to a fresh 4-year low…
Figures from MotorMouth show that all capital city petrol prices fell last week. Melbourne prices have fallen for the past 57 days…
The average household spend on fuel has dropped by over $30 in the past five months and is now holding at the best levels since January 2011.
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
