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News in Wyndham

Why Do Fuel Prices Vary So Much Between Suburbs?

Fuel prices scaled
  
   

Have you ever wondered about the different reasons why fuel prices vary so much between suburbs? There are numerous reasons why fuel prices vary between suburbs, but this isn’t always an easy topic to address. With this thought in mind, it’s important to consider several key points to ensure you know why fuel prices vary so much between suburbs.

Why Do Fuel Prices Near Me Vary So Much Between Suburbs?

There are numerous potential reasons why fuel prices in Australia can vary so much between suburbs and regions. Indeed, the fuel price in Melbourne may vary significantly from the fuel price in Perth and so on. However, it’s important to keep the potential reasons for this in mind to ensure that you’re paying the right price for your fuel. If you’re concerned that your fuel costs with a particular service station are getting too high, be sure to do some online research as well to compare current fuel costs in your area.

Subsidised Fuel Prices

Did you know that some stores may actually subsidise their fuel to entice customers in. This often occurs with supermarkets and the like, which may reduce fuel costs to encourage customers to shop with them. As such, if you notice that fuel costs are lower in a neighbouring suburb’s supermarket, be sure to compare this with supermarkets in your suburb (just to be sure).

Location and Distance

The distance the fuel needs to travel from the supplier to the service station will invariably influence how much the fuel costs. For example, if the supplier was an hour away, the company would have two hours of extra labour to cover (there and back).

As such, this can be a significant expense, and it’s worth keeping this in mind as part of your understanding of why fuel prices vary so much between suburbs.

Time of Purchase

A third factor influencing why you might have found that “fuel prices near me” seem to be increasing could simply be because your local store purchased fuel at a time when fuel prices are high. Otherwise, they may have purchased fuel in smaller quantities than competitors in another region – potentially leading to your suburb having a higher fuel cost.

Final Thoughts

If you’ve been wondering why fuel prices seem to vary so drastically between suburbs, there are several things you’ll need to keep in mind. After all, while it can often seem like “petrol prices near me” fluctuate drastically compared to the current petrol price in other regions, several important reasons exist. With this thought in mind, it’s so important to ensure you’ve considered carefully why the fuel price in Australia varies so much between suburbs.

 However, in some cases, it may just be a simple question of being in the right place at the right time. For example, you may get a better fuel price in Melbourne randomly by choosing a service station that happened to buy when the price was low.

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