Ever stopped to think about how much money you could save in the long run simply by filling up on a different day? Here's some handy information from the ACCC:
A petrol price cycle is a movement in retail price from a low point (or trough) to a high point (or peak) to a subsequent low point. In these cycles, prices steadily go down for a period followed by a sharp increase.
Price cycles are the result of deliberate pricing policies of petrol retailers, and are not directly related to changes in wholesale costs.
The duration of petrol price cycles in Sydney, Melbourne, Brisbane and Adelaide varies from cycle to cycle, and has increased in recent years. In 2017, price cycle durations in these capital cities ranged from a low of 11 days to a high of 61 days.
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