Due to the United States trade war, the fuel market is experiencing pricing volatility.

Data from the Australian Institue of Petroleum shows in the past two weeks fuel is the lowest it has been all year.  

Australia’s regional benchmark for oil, Tapis crude, has been falling in price since the start of April. 

It was $10 UDS a barrel over the last week, and the Terminal Gate Price (the wholesale price) for regular unleaded dropped to 157.6 cents per litre. 

According to recent NRMA data, unleaded fuel is an average of:  

• 195 cents per litre in Parkes  
• 182 cents per litre in Narromine  
• 183 cents per litre in Coonamble  
• 192 cents per litre in Walgett 
• 201 cents per litre in Bourke 

While fuel prices in regional NSW are still higher when compared to Sydney, data from the Australian Institue of Petroleum suggests prices in regional NSW are also falling.  

The Organisation of Petroleum Exporting Countries (OPEC+) is expected to increase supply of oil on the global markets in May, so Australians motorists could expect even lower prices.

However NRMA spokesperson Peter Khoury said uncertainty and unpredictably could change global markets overnight.  

“Nobody could have predicted the extreme volatility of trading conditions brought about by the United States’ global trade war and things continue to change almost by the hour – however what we know today is that relief is finally at hand for Australian drivers."  

“Making the most of these lower prices is critical for families and we are urging Australians taking a road trip these holidays to get on the my NRMA App before they fill up because regardless of where you live in Australia there is, finally, relief at the bowser if you do your research first," Mr Khoury said.