Motorists are being urged to fill up the car now before the crisis in the Middle east is felt at the pump.
Prices are at the low point in the cycle and are expected to rise over the coming days.
some analysts have warned fuel could hit $2.50 a litre with global oil prices at a 3-month high.
NRMA spokesman Peter Khoury says we need to act quickly, even if we may be better offer than other parts of the world.
“We will start to see the prices increase, but they are nowhere near as high as other economies have predicted,” he said.
Independent economist Saul Eslake telling media there is a lot that can happen to the region.
“One is the Iranians either choose to or find they can’t do anything at all to which oil could fall back relatively quickly,” he said.
“On the other hand if they block the Strait of Hormuz, then the oil price could rise above $US100 a barrel, which while the world doesn’t end it gets uncomfortably high.”
Petrol Spy currently shows Geelong’s unleaded prices sitting between $1.59 and $1.77 on Tuesday morning, with most prices in the mid $1.60 range.
