Follow The Money

Petrol and diesel prices are sky high because of the illegal US-Israel war on Iran, but major fuel shortages in Australia are very unlikely.  Matt Grudnoff and Ebony Bennett discuss Australia’s relatively strong position in global energy supply chains. Matt explains why some petrol stations have run low despite overall fuel supplies remaining steady, how the price hikes are fuelling inequality, and why Scott Morrison’s 2021 claim about an electric vehicle policy putting an “end to the weekend” now looks even more absurd than it did at the time. This episode was recorded on Tuesday 31 March. You can sign the Australia Institute’s petition calling on the federal government to make gas exporters pay their fair share. Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett Show notes: Fuel costs and RBA hikes equal to a 90 basis point rate rise: 'this is brutal' by Greg Jerich