Sydney commuters could be forced to pay even more for petrol, with prices set to increase even higher.
The NRMA has warned regular unleaded will reach more than 200 cents per litre.
Overnight, the price of oil jumped over $10 a barrel and if the increased price is passed onto the bowser, the average price could rise to 206.9 cents at the high point of the next cycle.
With it, price highs of more than 215 cents per litre could be a reality.
As of Thursday, the average cost for regular unleaded fuel in Sydney was 181.3 cents.
It's not just unleaded petrol users that will feel the pinch at the pump, with the average price of diesel expected to rise between seven to 10 cents per litre, reaching an average of 189 cents.
It could also bring a new record for Sydney diesel prices.
NRMA spokesman Peter Khoury said there was no relief in sight for customers who have paid record prices for fuel since late last year, and warned it wasn’t just Sydneysiders that would feel the pinch.
“Customers will continue to see new record prices set, with average prices soon to be above $2 per litre across most Australian capital cities,” Mr Khoury said.
“A combination of factors are driving these record prices including an ongoing unwillingness by OPEC to increase production levels while demand increases globally, as well as the ongoing war in the Ukraine.
“While the per barrel oil prices are comparable to July 2014, with a lower Australian dollar, this is the highest Australians have ever paid for fuel.”
Mr Khoury said if prices continued to surge, Australians would struggle to find any price below $2.
He encouraged road users to shop around and find the best price.
Around the country, Hobart had the highest median in the nation with 196.5 cents.
It was followed by Melbourne with an average of 195.7 cents.
The median price sat at 189.8 cents in Darwin, 189.4 cents in Canberra and 183.7 cents in Brisbane.
Perth, Sydney and Adelaide had the lowest average price in Australia, with 182.2 cents, 181.3 cents and 181.1 cents respectively.
