The inevitable prospect of Bendigo motorists paying $2 a litre for unleaded petrol now only seems days away as fuel prices skyrocket across the country.
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With most petrol outlets in Bendigo were hovering around the 185.9 cents per litre mark today, at least one outlet selling unleaded for as high as 196.9c/l.
Outlying towns have already passed the dreaded $2 threshold with RACV Fuel Watch showing Caltex in Gisborne selling unleaded petrol in the 201.5 to 206.5c/l range.
Unleaded petrol has already jumped to more than $2 a litre in Australia's capital cities and it seems it will stay there as long as Russia's war on Ukraine continues.
The sizeable jump of Brent Crude to nearly $US130 ($A179) a barrel comes after the United States President Joe Biden announced overnight the banning of Russian oil and gas imports in what he termed as a "blow to (Vladimir) Putin's war machine".
Russia, the second-largest exporter of oil globally, has threatened to push prices up to $US300 ($A414) a barrel by cutting supplies to Europe in retaliation to heavy sanctions levelled against it.
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