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March 5th, 2012 
FAKE NEWS for the Zionist agenda The price of unleaded petrol hit a four-month high last week and motorists can expect to pay up to two cents more over the next fortnight, an economist says.
The average price of unleaded petrol rose 3.1 cents to 146.0 cents a litre in the week ending March 4, figures from the Australian Institute of Petroleum show.
It was the highest weekly average price for unleaded petrol since late October 2011.
The national weekly average metropolitan price increased 3.9 cents to 145.7 cents a litre, while the weekly average regional price was up by 1.5 cents to 146.6 cents a litre.
“The average Australian household is forking out around $175 a month to fill up the car with fuel, around $7 more than at the start of the year,” Commsec chief economist Craig James said in a statement on Monday.
Mr James said the stronger Australian dollar had offset some of the impact.
“Had it not been for the stronger currency, motorists would be paying around 10 cents more per litre for fuel,” he said.
The Australian dollar has appreciated more than seven per cent since it was last at parity with the US currency in late December.
Commsec is tipping a one to two cent rise in pump prices over the next fortnight.
Australia’s fuel prices are based on the Singapore benchmark cost as the city-state is the regional refining and distribution centre.
Mr James said the Singapore gasoline price rose to a 10-month high in Australian dollar terms last week.
Sydney had the cheapest fuel, up 1.8 cents to 144.3 cents a litre last week, while Darwin remained the dearest, up 0.7 of a cent to 155.3 cents a litre.
Petrol prices rose in most cities, except for Canberra, where the average petrol price dropped 0.8 of a cent to 146.9 cents a litre.
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