The Canberra Times has a story on just how badly we’re being ripped off on petrol:
The price of petrol in Canberra was more than 25 cents higher than in Melbourne, and close to 25 cents higher than in Sydney over the past week, according to the latest fuel price update.
While price falls of 10 cents in Sydney to 130.8 cents a litre, and almost 6 cents in Melbourne to 128.1 cents contributed to another national slide of 3.6 cents to an average price of 137.9 cents, Canberra’s fuel remained steady, dropping just 0.2 cents to 154.0 cents per litre – the second most expensive capital city in the country.
CommSec Economist Savanth Sebastian said Canberra prices are most heavily influenced by competition and transportation considerations.
5 cents a litre I’ll give for transport.
The situation reminds me of the story about when John Dillinger was asked why he robbed banks:
“Because that’s where the money is”
I note the fuel economy of bicycles remains excellent.