Fuel Price Patterns...
Submitted: Wednesday, Apr 05, 2006 at 14:38
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Scoey (QLD)
Hey Team,
I was just looking at the info on the Fuel Prices section of this site and noticed the 60 day graph for QLD.
http://svc002.wic477dp.server-web.com/OntheRoad/FuelPrices/GetFuelGraph.asp?s=QLD&sid=6&nd=60
I don't reckon there's a better arguement than this graph to say that there is one day of the week where you'll pay top dollar and one day that you'll get it cheap! The ULP (green line) goes up and down in almost the same pattern each week. Does anyone have a day they fill up on to get the best price? I'm particularly interested in QLD but it could be the same for ULP across the states!
Cheers
Scoey
Reply By: Scubaroo - Wednesday, Apr 05, 2006 at 19:40
Wednesday, Apr 05, 2006 at 19:40
Shell have price history data on their website - the saw tooth pattern is because of the so-called "discounting cycle". I like to think of it as the "price-gouging cycle". In other words, petrol goes up every Wednesday (or whenever) so that they can slowly lower the price over the next week before yanking it back up the following week. It's not market forces, it's plain and simple price setting.
The fact that an oil company's website has a link on "best time to buy petrol" is a clear
sign that fuel prices are a sham - they are manipulated and they know it.
Check out the graph for Vic - they have similar graphs for each state:
Shell website
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