Petrol prices continue to bottom out in Echuca-Moama with the average petrol price falling by 10 cents at most service stations since December.RUTH CLAYTON January 24, 2013 4:43am
Echuca petrol prices have remained among the cheapest in regional Victoria after dropping to a 21-month low three weeks ago.
Echuca’s average petrol price last week was 138.3 cents/litre, the cheapest of 30 rural Victorian towns on the Australian Institute of Petroleum’s research website and even cheaper than the 139.9 cents/litre recorded on January 1.
It is also cheaper than the Melbourne average last week, which was 139.6 cents/litre, and the Victorian state average of 140.8 cents/litre.
Petrol fell by 10 cents at most service stations in Echuca-Moama in late December and early January following the opening of a United service station on the Northern Hwy on December 21.
Last week’s average price in Echuca is a far cry from what consumers were forced to pay only two months ago.
Echuca recorded an average petrol price of 150 cents/litre for the week ending December 2 and 152 cents/litre for the week ending November 4.
Independent pricing analyst David Cumming said petrol price margins for Echuca were currently very good.
Mr Cumming said Victoria’s unleaded petrol wholesale price was currently 130 cents/litre and, with delivery costs, margins for Echuca service stations were about 4-5 cents/litre.
‘‘That is unusual for country areas,’’ Mr Cumming said.
‘‘They tend to operate on a much larger margin than that.
‘‘(It’s) better than you would normally expect from that distance from from Melbourne.’’
Mr Cumming said it would appear the new service station had led to greater competition, but it probably would not last in the long-term.
He new service stations had cheap fuel between three and four weeks after opening to let consumers know they were there.
‘‘They’ve created an expectation that they would be cheaper,’’ Mr Cumming said.
Seymour's Zamorar will be looking to repeat his last-start win at Flemington a fortnight ago when he races in the United Refrigeration Handicap at Moonee Valley.
Yarrawonga Football Netball Club senior footballer Jeremy O’Brien celebrated his 200th senior Ovens and Murray Football Netball League game against the Wodonga Bulldogs on Saturday.
Following a concerted effort by Merrigum Community Group to upgrade signage in the town, it was announced at last Monday’s community meeting that design of a new information sign, to be located near the bus shelter in Waverley Ave, has been completed.
As part of the construction of the new Echuca-Moama bridge, a $4.5 million roundabout will be built at the Murray Valley Hwy and Warren St intersection.
The $9 million upgrade to the Rochester water reclamation plant is complete.
100 days at Tongala Primary.
Nagambie Primary School students - and budding green thumbs - have produced something truly special.
St Joseph's Jerilderie teacher Steve Jones has released an album with his band, Steve Jones and The Velvet Glove.
About 80 people attended Friday's community meeting at Heathcote RSL to discuss concerns about exposure to industrial antimony.
Black Dog ride participants meet up in Cobram before they burn rubber to beat the blues.
Deniliquin's Les Bond won the Deniliquin RSL Club's membership draw winner last Friday.
Wheat crops sown at the end of April to mid-May were two to three weeks early, increasing the risk of frost damage, the Finley Discussion Group’s meetings earlier this month heard.
A Benalla couple is hosting a 'Drawtism' event to raise money for Autism Spectrum Australia.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.