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Is wednesday actually cheap day in Canberra?

By scottie_517 - 3 June 2008 39

Just found an interesting website from Orima research (on the Australian institute of petroleum website) that suggests, from average retail petrol prices in Canberra mapped on a graph, that Wednesday, as opposed to the usual cheap Tuesday is the day to buy petrol in Canberra, with prices on average dipping slightly further mid week (at least for the past two months). Interesting web site – doesn’t provide any details on specific companies or areas in Canberra, but still worth a look.

http://www.aip.com.au/pricing/retail/monthly/canberra.htm

I buy petrol when...

  • Actually I don't drive a motor vehicle (26%, 24 Votes)
  • When I can afford it on payday (15%, 14 Votes)
  • It's cheapest (59%, 55 Votes)

Total Voters: 93

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39 Responses to
Is wednesday actually cheap day in Canberra?
Aurelius 2:25 pm 04 Jun 08

I vote with LG & Justbands – there’s little point filling up when the car’s fuelled.
When do I buy bread? Milk? Toblerones?
When I don’t have enough.
If you’re going to put up a poll, put some thought in.

justbands 2:12 pm 04 Jun 08

How about another poll answer option “When I need to fill up”. None of the answers you have fit for me at all….which I must say is true of many recent RiotACT polls. I think you need to consider the options a little more.

Holden Caulfield 2:11 pm 04 Jun 08

tylersmayhem said :

I agree with VYBerlina – I usually buy on Tuesdays or Wednesdays – there is rarely a difference. If there is a difference, it’s probably only 1c per litre at my local.

If anyone wants to revisit my soapbox thread on the topic of saving a few bucks when buying fuel, feel free to check out: http://the-riotact.com/?p=7398

I still stand by my comments and suggestions in that thread.

On NewsRadio the other day they had some fuel expert guy from the RACV (IIRC) and he debunked most of the theories you espouse. Those he did agree with, mostly relating to fuel temperature/density, he said that in our climate the savings would hardly be noticeable. Moreso during a Canberra winter one would expect.

madman 1:44 pm 04 Jun 08

Ohhh I wasn’t bein pedanitc or putting my foot up ya but doesnt a ? written at the end of a scentence indicate a direct question as it is also known as an interrogation point…

:-p at your pedantic christ sakeness!

It was interesting – infact it’s going to make me fill up this afternoon!

LG 1:37 pm 04 Jun 08

Should be a fourth option… “Whenever I need to”

scottie_517 12:44 pm 04 Jun 08

There’s your proof ant 🙂 and madman – yes, i knew the answer to the question already – the question was simply a header introducing the topic – for christ’s sake – some of the people on this site have become so pedantic – was just trying to share some interesting info with everyone.

tylersmayhem 12:16 pm 04 Jun 08

I agree with VYBerlina – I usually buy on Tuesdays or Wednesdays – there is rarely a difference. If there is a difference, it’s probably only 1c per litre at my local.

If anyone wants to revisit my soapbox thread on the topic of saving a few bucks when buying fuel, feel free to check out: http://the-riotact.com/?p=7398

I still stand by my comments and suggestions in that thread.

ant 10:31 am 04 Jun 08

I’ve been saying it for years. Cheap Day = Wednesday. Some servos keep it going to Thursday morning, others have already put it up. Thursdays are always payday for someone, that’s why I reckon it goes up Thursday. Stays up all weekend, then starts falling from Monday.

Some servos close off certain pumps on Wednesday, PULP usually, sometimes that E3 ethanol muck also (the Shell at Manuka does this).

Fiona 7:45 am 04 Jun 08

I usually aim for Wednesday… and sometimes fail and get screwed on a thursday morning… though the other week Weston caltex was still down on the thursday morning, surely never to be seen again!

VYBerlinaV8_the_one_ 9:20 pm 03 Jun 08

I generally buy petrol Tuesdays or Wednesdays, as there doesn’t seem to be much difference at my local.

I have little sympathy for those who buy petrol on any day other that Tuesday or Wednesday, given that the price cycle is common knowledge.

Deano 9:09 pm 03 Jun 08

Looking back through the figures does seem to suggest that the sawtooth weekly pricing cycle is a relatively recent phenomenon in Canberra – only over the last sixth to eight months. Compared to Sydney where it has been going on for years.

It is also interesting to look back to when petrol first crossed the $1 per litre mark – Feb 2003 – 5 years ago. Since then the price has increased by 8% per year on average.

jcf 7:15 pm 03 Jun 08

There isnt really a consensus on the exact causes of price cycles, but it basically down to competition between companies – one lowers their price, triggers a race to the bottom to capture some volume, until the price cuts narrow the margin down to breakeven point… at which point the first to start losing money puts their price back up.

Naturally, the others follow suit. And so the process begins again.

Other arguments include pay cycle (ie everyone gets paid and fills up on Thursday/friday, so that is when prices peak), and oil refinery supply issues (chains take their fuel early, leftovers get sold at a discount to high volume/independents => price discounting).

in reality? probably a mix of all the above.

imhotep 7:08 pm 03 Jun 08

The ACCC recently found that the weekly petrol cycle was a:
“construct of the petrol industry….a marketing strategy”.

No sh*t Sherlock.

Now they need to find out why petrol pumps always seem to break down about Tuesday and self-repair by Thursday…

http://www.smh.com.au/cgi-bin/common/popupPrintArticle.pl?path=/articles/2008/05/20/1211182801304.html

astrojax 6:40 pm 03 Jun 08

can anyone explain, simply and clearly, why there is and needs to be this ‘cycle’ that makes the same fuel cost more or less depending on where in the cycle you purchase it?

why? why? farkin’ why??

and so why aren’t bread, milk, sugar and flour subject to such cycles??

madman 6:28 pm 03 Jun 08

well then i think you’ve answered your own question there; yes, wednesday’s are cheaper for petrol.

who are we to say research that probably cost a fortune to gather is wrong!!!!

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