Gold Coast motorists are being urged to fill up their tanks now, amid speculation bowser prices could reach a two year high by next week.
RACQ said the south east was currently at the bottom of the price cycle, with drivers encouraged to buy now.
“In recent years the price cycle in south east Queensland has lasted four or five weeks, however today it’s day 22 and prices could rise by next week,” RACQ spokesperson Renee Smith said.
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“With some servos selling at or below wholesale, we know these low prices won’t last for long.”
Ms Smith said the cost of fuel can jump by more than 20 cents per litre when we enter the peak of the price cycle and due to increases in the cost of oil, that may push the average ULP price to about 145cpl.
“With families trying to save money as we head into Christmas, we’re urging motorists to fill up as soon as possible to avoid handing over too much cash to greedy fuel retailers.”
Ms Smith said it was vital motorists shopped around before filling up.
“We need to reward service stations selling fuel at a fair price, by shunning those who are overcharging,” she said.