How do customers know if they are paying a fair price?
Customers in most locations who just buy petrol when they need it are paying a fair price as the petrol market is highly competitive. Price cycles offer customers the opportunity to buy petrol for less than the average weekly price and often for less than the wholesale price if they buy at the bottom of the cycle. At the top of the cycle, which happens when discounts are withdrawn, prices generally go back to being above the wholesale price. In locations where prices typically follow a weekly cycle, petrol is usually cheapest on Tuesdays, increases sometime on Wednesday or Thursday and then gradually decreases over the weekend and early the next week. More information: Perth generally has a two week cycle and prices are generally cheapest every second week.
