Petrol prices on the Gold Coast have started to fall, slightly easing the burden on motorists.
And experts say we should see the price at the bowser drop even further in the coming days.
The cost of Brent crude oil has dropped sharply following the midterm elections in the US, falling from $111.9US a week ago to $97.45US on Monday.
That’s also seen a drop in Singapore benchmark prices, which should benefit Gold Coast drivers.
“Global oil prices fell significantly last week, hitting a low on Wednesday before a slight rebound at the end of the week,” RACQ’s Dr Ian Jeffrey said.
“Fuel retailers in capital cities should be passing this reduction on to motorists in the coming days, and regional motorists should feel the same relief in the coming weeks.”
Motorists are being urged to shop around, with prices differing wildly across the city.
The lowest price for unleaded is $2.16 a litre in Southport, while the dearest is almost $2.40 a litre, also in Southport.
Diesel prices remain high, with the lowest price at $2.62 in Nerang, while the most expensive was $2.82 in Bundall.
