Prices skyrocket but major fuel shortages "very unlikely"

Prices skyrocket but major fuel shortages "very unlikely"

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 Jericho, The Point (March 2026)

Fuelling inequality: The brunt of a global crisis should not be borne by people in poverty by Kristin O’Connell, The Point (March 2026)

The case for a gas export tax, explained by Richard Denniss, The Point (March 2026)

Theme music: Pulse and Thrum; additional music by Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au. Subscribe to Follow the Money on Apple Podcasts, Spotify, Pocket Casts or wherever you get your favourite podcasts.

Support Follow the Money: https://nb.australiainstitute.org.au/donate

See omnystudio.com/listener for privacy information.

Jaksot(411)

Summer Special | Did the US play a role in the Whitlam dismissal?

Summer Special | Did the US play a role in the Whitlam dismissal?

Rumours about America's role in the dismissal of Gough Whitlam have circulated for decades – but is there any truth to them? On this special episode of Follow the Money, Dr Emma Shortis explores the ...

30 Joulu 202519min

Look after yourselves and each other

Look after yourselves and each other

If you or anyone you know needs help, you can contact Lifeline on 13 11 14 or via their website, www.lifeline.org.au.Support Follow the Money: https://nb.australiainstitute.org.au/donateSee omnystudio...

17 Joulu 20251min

Will Canada follow Australia’s disastrous path on gas?

Will Canada follow Australia’s disastrous path on gas?

Traditional custodians are fighting back against climate-destroying gas developments being rammed through by Canadian governments. On this episode of Follow the Money, Hereditary Chief Na’Moks of the ...

10 Joulu 202532min

Highway to hell? Reversing the decline of Australian music

Highway to hell? Reversing the decline of Australian music

These days, Aussie music is falling out of the charts, leaving local acts wondering if they’ll ever see your face again. INXS. Kyle Minogue. Even the Wiggles. Australia has an incredible musical legac...

3 Joulu 202535min

What have the scientists ever done for us?

What have the scientists ever done for us?

Australian scientific discoveries have improved people’s lives and made the economy more productive – so why is the CSIRO being forced to shed workers again? On this episode of Follow the Money, Matt ...

26 Marras 202526min

Mike Rann: how Albanese can leave a brave climate legacy

Mike Rann: how Albanese can leave a brave climate legacy

With brave climate leadership, says former South Australian Premier Mike Rann, Anthony Albanese could leave a lasting legacy similar to Bob Hawke with Medicare, Paul Keating with compulsory superannua...

19 Marras 202533min

Defending nature with Bob Brown

Defending nature with Bob Brown

Protecting Australia’s incredible natural environment from bad policy, spurred on corporate interests and a hostile media, can sometimes feel like an impossible task. But sometimes, people power wins ...

12 Marras 202539min

A broken university system is letting Australia down

A broken university system is letting Australia down

Poor governance, poor policy and decades of neoliberalism have broken Australia’s university sector, with devastating consequences for students and the country. On this episode of Follow the Money, Ri...

5 Marras 202532min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
politiikan-puskaradio
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
tervo-halme
rss-podme-livebox
rss-asiastudio
otetaan-yhdet
rss-vaalirankkurit-podcast
rss-raha-talous-ja-politiikka
the-ulkopolitist
et-sa-noin-voi-sanoo-esittaa
aihe
linda-maria
rss-sinivalkoinen-islam
rss-polikulaari-pitka-kiekko-ja-muut-ts-podcastit
rss-hyvaa-huomenta-bryssel
rss-girls-finish-f1rst
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset