Motorists are being urged to shop around or avoid filling up the tank for as long as possible with petrol prices hitting a record high on the Gold Coast.
The average price of unleaded has now hit 173.3 cents per litre, the highest it has been since December 2019.
More than 80 per cent of service stations on the Gold Coast are now selling unleaded for more than 170 cents per litre.
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The price hike came just in time for week two of the school holidays as the Gold Coast and southeast Queensland came out of a snap lockdown.
RACQ spokesperson Renee Smith says the surge in prices is all due to a “triple whammy”.
We’re at the high point in the fuel cycle in SEQ, oil prices (in Australian dollars) are at a two year high and retailers have retained unreasonably high retail margins,” Ms Smith said.
“During the pandemic servos had high indicative retail margins because so many people weren’t driving so fuel sales volumes were low – but now sales are back to normal the fact they’re still charging these exorbitant prices is frankly unfair.”
The next cheap phase of the petrol cycle isn’t expected for another three weeks.
However, there are still a number of service stations across the Gold Coast selling petrol for under 150 cents per litre.
According to the RACQ Fair Fuel Finder, the Caltex at Runaway Bay still had petrol at 134.9 cents per litre on Tuesday.
The 7-Eleven in Ashmore was still selling unleaded for 141.9 cents per litre.