{"id":721,"date":"2022-11-04T17:20:56","date_gmt":"2022-11-04T17:20:56","guid":{"rendered":"https:\/\/automobilenewsonline.com\/fuel-price-warning-petrol-prices-set-to-jump\/"},"modified":"2022-11-04T17:20:56","modified_gmt":"2022-11-04T17:20:56","slug":"fuel-price-warning-petrol-prices-set-to-jump","status":"publish","type":"post","link":"https:\/\/automobilenewsonline.com\/fuel-price-warning-petrol-prices-set-to-jump\/","title":{"rendered":"Fuel price warning: Petrol prices set to jump"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"singleNews_drive-news-single__excerpt__2PqAU\">\n<div class=\"wp-block-drive-blocks-standfirst\">\n<p class=\"text-xl leading-8 font-light not-italic font-poppins\">Fill up now! Global oil prices climbed sharply about four weeks ago \u2013 that means the increase is about to hit our pumps.<\/p>\n<\/div>\n<\/div>\n<hr class=\"singleNews_drive-news-single__hr__MW390\"\/>\n<div class=\"meta_drive-post__meta__wrapper__TeKrB\">\n<div class=\"meta_drive-post__meta__authors__fQVU6\">\n<div><a class=\"authorAvatar_drive-author-avatar__link__BM4iy\" href=\"https:\/\/www.drive.com.au\/about-drive\/our-journalists\/james-ward\/\"><\/p>\n<figure class=\"authorAvatar_drive-author-avatar__container__2xW8F authorAvatar_drive-author-avatar__large__gDB9I meta_drive-post__meta__avatar-desktop__E_B19\"><img decoding=\"async\" alt=\"James Ward\" height=\"48\" width=\"48\" src=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_48,q_auto:best,w_48\/cms\/uploads\/gcfylns7bfkaikr8izrw\" loading=\"lazy\" sizes=\"auto, 48px\" srcset=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_48,q_auto:best,w_48\/cms\/uploads\/gcfylns7bfkaikr8izrw 48w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_80,q_auto:good,w_80\/cms\/uploads\/gcfylns7bfkaikr8izrw 80w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_96,q_auto:good,w_96\/cms\/uploads\/gcfylns7bfkaikr8izrw 96w\" class=\"text-white table authorAvatar_drive-author-avatar__img__Rhlkl bg-gray-200\"\/><\/figure>\n<p><\/a><\/div>\n<\/div>\n<div class=\"flex items-center justify-between space-x-4\">\n<div class=\"meta_drive-post__meta__counts__68MPu\">\n<div class=\"meta_drive-post__meta__count__xgd7r\">\n<div class=\"articleCard_drive-article-card__share__wrapper__eKCMV\"><img decoding=\"async\" src=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/co_rgb:000000,c_scale,dpr_2.0,e_colorize:100,f_auto,h_20,q_auto:best,w_20\/cms\/theme\/icons\/ShareIcon\" width=\"20\" height=\"20\" alt=\"ShareIcon\" loading=\"lazy\" class=\"drive-icon drive-icon-ShareIcon articleCard_drive-article-card__share__icon__av5XO mr-2 order-first\"\/><span class=\"articleCard_drive-article-card__share__count__bHP6S\">0<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"blocks_drive-block__wrapper__nDI7m\">\n<div class=\"gallery_drive-post__gallery__wrapper__peh4_ gallery_drive-post__gallery__inline-carousel__8cm_S\">\n<div class=\"glideSlider_glide__EvBGd\">\n<div class=\"glideSlider_glide__track__FdKW5\" data-glide-el=\"track\">\n<div class=\"glideSlider_glide__slides__ICZ84 glide-post-no-caption glideSlider_glide__slides__not-mounted__tR5fx\">\n<div class=\"inlineCarousel_drive-inline-carousel__wrapper__CSIY1\">\n<figure data-index=\"3137649-0\" class=\"slider-image-figure inlineCarousel_drive-inline-carousel__container__nLlQq\"><img decoding=\"async\" alt=\"Fuel price warning: Petrol prices set to jump\" height=\"460\" width=\"821\" src=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,g_auto,h_675,q_auto:eco,w_1200\/cms\/uploads\/t5qgwpqf1nxu3iyabwda\" loading=\"eager\" fetchpriority=\"high\" sizes=\"(max-width: 414px) 100vw, (max-width: 768px) calc(100vw-30px), 960px\" srcset=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,g_auto,h_360,q_auto:eco,w_640\/cms\/uploads\/t5qgwpqf1nxu3iyabwda 640w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,g_auto,h_405,q_auto:eco,w_720\/cms\/uploads\/t5qgwpqf1nxu3iyabwda 720w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,g_auto,h_466,q_auto:eco,w_828\/cms\/uploads\/t5qgwpqf1nxu3iyabwda 828w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,g_auto,h_540,q_auto:good,w_960\/cms\/uploads\/t5qgwpqf1nxu3iyabwda 960w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,g_auto,h_675,q_auto:eco,w_1200\/cms\/uploads\/t5qgwpqf1nxu3iyabwda 1200w\" class=\"text-white table inlineCarousel_drive-inline-carousel__image__SkdCl bg-gray-200\"\/><button class=\"lightbox-btn lightbox_drive-lightbox__open-btn__MKKmY inlineCarousel_drive-inline-carousel__lightbox-btn-position__autAe\"><span class=\"lightbox_drive-lightbox__btn__wrapper__AAbiz\">View\u00a0<\/span>1 images<img decoding=\"async\" src=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_scale,dpr_2.0,f_auto,h_20,q_auto:best,w_20\/cms\/theme\/icons\/PhotoIcon\" width=\"20\" height=\"20\" alt=\"PhotoIcon\" loading=\"lazy\" class=\"drive-icon drive-icon-PhotoIcon lightbox_drive-lightbox__btn__icon__0BRez\"\/><\/button><\/figure><figcaption style=\"display:none\" class=\"inlineCarousel_drive-inline-carousel__caption__vF_bj truncate-2\"\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>A few weeks ago, <a href=\"https:\/\/www.drive.com.au\/caradvice\/opinion-relax-fuel-prices-will-come-down-and-weve-got-the-data-to-prove-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">we developed a predictive tool<\/a> that suggested Australian average petrol prices largely followed a global oil price trend, albeit with a four-week phase delay.<\/p>\n<p><\/span><\/div>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>We created a chart that shows the price of 91RON petrol against a currency-converted $\/L of oil value, and added a four-week phase shift to highlight a pattern of rising and falling prices.<\/p>\n<p><\/span><\/div>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>Four weeks ago oil prices rose sharply from $US78.72 per barrel to $91.35, an increase of 16 per cent in a week. While prices settled somewhat, they are still moving up.<\/p>\n<p><\/span><\/div>\n<hr class=\"blocks_drive-block__ad__hr__Ifhs_\" style=\"height:0\"\/>\n<hr class=\"blocks_drive-block__ad__hr__Ifhs_\" style=\"height:0\"\/>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>As this cycle influences what we pay at the pump, we&#8217;d suggest filling up now, before the full impact of the oil price increase is felt at your local service station.<\/p>\n<p><\/span><\/div>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>Based on our pattern analysis, we&#8217;re expecting the price of 91RON to step up to the $2.00 per litre mark, and keep rising. That&#8217;s an 8 per cent increase on the current prices of around $1.85 per litre.<\/p>\n<p><\/span><\/div>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>Looking at daily prices, the average price for 95RON unleaded in NSW has already jumped $0.04 per litre in just two days. While the other states haven&#8217;t exhibited such a change, we&#8217;d suggest it is only a matter of time.<\/p>\n<p><\/span><\/div>\n<hr class=\"blocks_drive-block__ad__hr__Ifhs_\" style=\"height:0\"\/>\n<hr class=\"blocks_drive-block__ad__hr__Ifhs_\" style=\"height:0\"\/>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>The price of 95RON is an average of $0.16 more than 91RON fuel.<\/p>\n<p><\/span><\/div>\n<div class=\"blocks_drive-block__wrapper__nDI7m\"><span class=\"paragraph_drive-paragraph-block__03kVn\"><\/p>\n<p>As always, we&#8217;ll keep an eye on the prices each day, and let you know when we can spot some relief ahead.<\/p>\n<p><\/span><\/div>\n<div class=\"authorBio_drive-author-bio__wrapper__wcIyt\">\n<div class=\"authorBio_drive-author-bio__details__D6pam\">\n<div class=\"authorBio_drive-author-bio__avatar__YKmWA\"><a class=\"authorAvatar_drive-author-avatar__link__BM4iy\" href=\"https:\/\/www.drive.com.au\/about-drive\/our-journalists\/james-ward\/\"><\/p>\n<figure class=\"authorAvatar_drive-author-avatar__container__2xW8F authorAvatar_drive-author-avatar__large__gDB9I\"><img decoding=\"async\" alt=\"James Ward\" height=\"48\" width=\"48\" src=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_48,q_auto:best,w_48\/cms\/uploads\/gcfylns7bfkaikr8izrw\" loading=\"lazy\" sizes=\"auto, 48px\" srcset=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_48,q_auto:best,w_48\/cms\/uploads\/gcfylns7bfkaikr8izrw 48w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_80,q_auto:good,w_80\/cms\/uploads\/gcfylns7bfkaikr8izrw 80w,https:\/\/images.drive.com.au\/driveau\/image\/upload\/c_fill,f_auto,h_96,q_auto:good,w_96\/cms\/uploads\/gcfylns7bfkaikr8izrw 96w\" class=\"text-white table authorAvatar_drive-author-avatar__img__Rhlkl bg-gray-200\"\/><\/figure>\n<p><\/a><\/div>\n<\/div>\n<p class=\"authorBio_drive-author-bio__description__lJjY5\">James has been part of the digital publishing landscape in Australia since 2002 and has worked within the automotive industry since 2007. He joined CarAdvice in 2013, left in 2017 to work with BMW and then returned at the end of 2019 to spearhead the content direction of Drive.<\/p>\n<p><a class=\"link_drive-link__external__wrapper__e8ETA authorBio_drive-author-bio__link___x4rj link_drive-link__external__float-right__qugYE\" href=\"https:\/\/www.drive.com.au\/about-drive\/our-journalists\/james-ward\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"link_drive-link__external__text__cD_La\">Read more about James Ward<\/span><img decoding=\"async\" src=\"https:\/\/images.drive.com.au\/driveau\/image\/upload\/co_rgb:2960c5,c_scale,dpr_2.0,e_colorize:100,f_auto,h_20,q_auto:best\/cms\/theme\/icons\/LinkIcon\" width=\"20\" height=\"20\" alt=\"LinkIcon\" loading=\"lazy\" class=\"drive-icon drive-icon-LinkIcon link_drive-link__external__icon__lD_dy\"\/><\/a><\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.drive.com.au\/news\/fuel-price-warning-petrol-prices-set-to-jump\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Fill up now! Global oil prices climbed sharply about four weeks ago \u2013 that means the increase is about to hit our pumps. 0 View\u00a01 images A few weeks ago, we developed a predictive tool that suggested Australian average petrol prices largely followed a global oil price trend, albeit with a four-week phase delay. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[62],"tags":[],"class_list":["post-721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fuel price warning: Petrol prices set to jump - Automobile News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automobilenewsonline.com\/fuel-price-warning-petrol-prices-set-to-jump\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel price warning: Petrol prices set to jump - Automobile News Online\" \/>\n<meta property=\"og:description\" content=\"[ad_1] Fill up now! Global oil prices climbed sharply about four weeks ago \u2013 that means the increase is about to hit our pumps. 0 View\u00a01 images A few weeks ago, we developed a predictive tool that suggested Australian average petrol prices largely followed a global oil price trend, albeit with a four-week phase delay. 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