Gasoline in Australia currently costs $1.12 USD per liter. This price reflects the most recent available data, with fuel costs subject to daily fluctuations based on global oil prices, local supply and demand, and taxes.
To put this into perspective, here is a summary of the current price:
| Metric | Value | Unit |
|---|---|---|
| Current Price | 1.12 | USD/Liter |
This pricing is for unleaded gasoline and is typically reported in Australian Dollars (AUD) locally, but converted here to US Dollars (USD) for direct comparison.
Understanding Fuel Prices in Australia
The price of gasoline in Australia can vary significantly depending on several factors:
- Global Oil Prices: As Australia imports much of its crude oil, international oil market movements have a direct impact on local pump prices.
- Exchange Rates: The AUD/USD exchange rate plays a role in how Australian dollar prices translate to US dollar equivalents.
- Taxes and Duties: Government excise taxes and GST (Goods and Services Tax) are applied to fuel, contributing to the final price.
- Retailer Margins: Service stations set their own profit margins, which can lead to price differences between brands and locations.
- Location: Fuel prices tend to be higher in remote or regional areas due to increased transportation costs, while competitive markets in major cities might see lower prices.
For the most up-to-date information on gasoline prices in Australia, you can often find real-time data from financial and economic platforms. Prices are updated frequently, sometimes on a daily basis, reflecting the dynamic nature of the global energy market.
