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Price of petrol + Big Mac + Bank interest rate in Australia September 2024
Welcome to my updated monthly report on key financial figures for Australia. I am doing this to keep historical notes through my life. These figures reported are what I see at the various places and an aggregate.
The price of petrol I paid during September 2024 averaged $1.80 for unleaded 91 Octane. Add up to 15c for 95 or 25c for 98. The price for petrol varied many times during the month
The price of diesel was around $1.80 the last time time looked and this the price does not fluctuate much compared to unleaded. Adblue was priced at about $2 per litre.
The price of a Big Mac in September 2024 averaged $7.85. The price for the burger at one location does vary from store to store based on location! The medium sized meal deal which included fries and a drink costs $13.40 as per my monthly visit. As always this is not a fixed price as McDonald’s has a very active app and promotional pricing and freebie schedule.
The RBA – Reverse Bank of Australia the country’s central bank kept the basic rate at 4.35%
The home loan interest rate range in September 2024 in Australia was : 5.5 – 9.5%
The saving accounts interest rate range in September 2024 in Australia was : 0 – 5.5%
Note: as always there are a variety of saving instruments other than a ‘bank based’ interest account.
Note: that the rates I saw came with conditions or short term promotion periods – very naughty.
Note: that fuel prices also vary according to area, the level of competition and a whole heap of other factors like shopping discounts, wars, world wide economics and so forth, however unreasonable high prices (relative to crude oil prices) is greed. Also note that the Octane level I post here represents Australian measurement which is different from those in other countries eg. US.
Apart from the actual prices I paid at the servo the websites I use to research the crude oil pricing are:
Australian Institute of Petroleum (Note that they AIP represents the oil companies.)
Index Mundi (Seems independent)