I have been tracking the correlation between brent prices, wholesale fuel prices and retail fuel prices in Western Australia for a couple of years.
Due to the Covid induced brent price crash, retail fuel prices have started to fall since mid February 2020.
However the graphs (see my post How closely retail fuel prices are correlated with oil price movements? ) clearly show that fuel stations have been slow to adjust retail prices compared to wholesale price / brent prices.
See the little yellow dotted line (wholesale price) which is usually inside the lower end of retail prices : it is now (this post is dated 26 March 2020) clearly way cheaper than retail prices.
