Petrol price plummet drives holiday savings
Friday, 22nd May 2020
RAA figures show the cost of a tank of petrol has fallen up $37 compared to 12 months ago.
And plummeting petrol prices are significantly reducing the costs of a driving holiday compared to this time last year, RAA has revealed.
The good news comes as regional holidays return after the relaxing of COVID-19 restrictions, and people plan for a getaway during next month’s Queen’s Birthday long weekend.
Adelaide’s average ULP price this month is 104.6c/l - compared to an average price of 151.8c/l in May last year.
This price cut has significantly reduced the cost of a tank of petrol, ranging from $37 for a large four-wheel-drive, $33 for a medium sized SUV, $28 for a family sedan and even $18 for a city run about, RAA fuel expert Mark Borlace said.
“The fall in Adelaide average petrol prices due to the impact of the COVID-19 crisis is being mirrored in regional South Australia, where the average cost for unleaded has dropped from 146.6c/l 12 months ago to 104.6c/l this month,’’ he said.
The petrol price fall was flowing through to the cost of driving holidays, Mr Borlace said.
“Filling up at average Adelaide ULP prices this month compared to May last year is saving drivers of a common car like a Holden Commodore more than $50 for a return trip to Port Lincoln,’’ he said.
“A return trip to Wilpena Pound in the Flinders Ranges in the same vehicle has dropped by $35, while a return drive to Mt Gambier is $34 cheaper and Renmark return costs are $20 less.’’
Mr Borlace said there had been more RAA travel bookings for regional South Australia in the past week than the previous two months, with Kangaroo Island, the Flinders Ranges and Yorke Peninsula popular destinations for the long weekend and July school holidays.
He said COVID-19 restrictions on airline travel had contributed to large cuts in crude oil prices, which had flowed through to petrol bowsers.
However, Mr Borlace said Adelaide petrol costs at the pump were still subject to pricing cycles.
“RAA research shows Adelaide has the greatest variation in petrol prices of any state capital, and that’s why RAA lobbied long and hard for real-time petrol pricing,’’ he said.
“That’s why RAA welcomed the government’s introduction of real-time fuel pricing legislation this month because it will give motorists the information they need to find the cheapest prices available to save money.
“It is so important that motorists will soon have this money saving tool.’’