Are there cycles inretail prices in Sydney?

Your task is to analyse pricing data and write a report for the state government of NSW on the retailmarket for petrol in Sydney. Your report should address the following questions: Are there cycles inretail prices in Sydney? What explains the dynamic pattern of prices in the Sydney market? Whatevidence is there for your explanation? What are the vulnerabilities of your explanation?Assessment is based on written communication; and your ability to articulate empirical analysis andtheoretical arguments.