The national body representing fuel retailers in Australia has openly criticised the ACCC's June 2016 Quarterly Report on the Australian Petroleum Market for being "somewhat selective" in its most recent commentary on retail petrol price movements — namely that petrol prices have hit a new low — but retailers are charging more than ever.
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Average petrol prices in 2015 to 16 were at their lowest levels since 2002, according to an Australian Competition and Consumer Commission report on the Australian petrol industry. Unfortunately for motorists, gross retail margins in the same period increased to their highest levels — meaning the full benefits of lower international crude oil and refined petrol prices are not being passed on to consumers.
Apple announced at its 2015 iPhone launch event that iCloud users would be getting more for less: more storage, less money per month. Now we have those prices for the Australian market, and it's pretty rad.
Apple's launch for Watch was kind of weird. It was a big deal for company to release its first wearable, but not so much for its iconic retail stores. Instead of long lines around the block, people made appointments to try one on before ordering it online and having it delivered to their houses. Now after a few months on the market, you can sort of buy a Watch in Australian Apple Stores.