During the peak of COVID-19 lockdowns and restrictions, there was a once hopeful phrase that helped us cling on to the remainder of our sanity: when things return to normal.

Back then, it seemed as realistic as saying, ‘when pigs fly’ or ‘when the Gold Coast Suns win a premiership’. But as things finally are returning to normal, the dark clouds appear to be lifting.

In exchange, however, more thunder and rain keeps rolling in. Skyrocketing petrol prices are the new thing to which we attach the hopeful phrase, ‘when things return to normal’.

Australians are constantly asking about fuel prices and when they will stop being so painful to look at, let alone pay for. So, to help ease your qualms, the team at Carbroker.com.au look into when fuel prices will go back down.

How it all began

But first, a quick explanation on how petrol prices skyrocketed. When Russia invaded Ukraine, the Australian Government imposed sanctions on Russia and stopped buying their oil. This means that Australia is now sourcing its oil from more expensive suppliers, including internally. And since the price of crude oil has skyrocketed, so has the price of petrol.

It all depends on foreign trade embargos

Sadly, rising fuel costs are out of our control. The price of fuel is almost entirely riding on the sanctions imposed on Russia. Although promises of increased oil production from the Middle East did ease the price of oil, they could keep on rising. Thus, it’s anyone’s guess as to when the price of petrol will return to normal and you’ll stop wincing in pain every time you need to fill up.

Things you can do in the meantime

Nobody has a functioning crystal ball right now, so there’s little point in trying to see into the future. Instead, here are some practical measures that you can take in order to lessen the blow of high fuel prices.

• Conserve fuel in every way possible
  Drive economically. Pull off the accelerator when you know you’re going to catch a red light, and take off slowly and steadily when the light turns green.
• Invest in a hybrid
  Want to reduce your fuel consumption by up to 50%? Invest in a hybrid. Many countries have set a date in the next 20 years when they’ll ban the production of petrol cars, so you’ll have to go electric sooner or later.
• Novated lease
  Entering a novated lease means your fuel costs can be deducted from your payable tax.

The team at Carbroker.com.au can help you find the best hybrid or fully electric car at the best price, using their connections to over 2000 car dealerships nationwide. Carbroker can also help score you a novated lease, helping you with the running costs of your vehicle. Get in touch with the legends at Carbroker and forget about fuel costs.