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.

Episoder(413)

No trust without scrutiny - the case for an Epidemic Response Committee

No trust without scrutiny - the case for an Epidemic Response Committee

In the middle of this unprecedented health and economic crisis, it is critical we do not let a crisis in our democracy emerge as well. Like Australia, New Zealand has shut down its Parliament due to C...

7 Apr 202012min

Unpacking the Jobkeeper wage subsidy scheme

Unpacking the Jobkeeper wage subsidy scheme

The Morrison government performed an enormous and welcome backflip, announcing a $130 billion Jobkeeper package to support workers, through their employer, with a $1500/fortnight wage subsidy. Richard...

31 Mar 202019min

What the hell is happening to the economy?

What the hell is happening to the economy?

What does a global pandemic do to the economy? Richard Denniss explains why the government is shutting down whole sections of the economy and unpacks the government's economic survival package. Host: ...

24 Mar 202024min

The People vs Tech

The People vs Tech

There is a growing awareness globally that unregulated technological development is not delivering on its promise to transform the world for the better.The Australia Institute launched the Centre for ...

12 Des 20191h 4min

See What You Made Me Do With Jess Hill

See What You Made Me Do With Jess Hill

A new book, "See What you Made Me Do" by Walkley-award winning investigative journalist Jess Hill looks at the national emergency that is domestic violence or what Jess now calls domestic abuse. Trigg...

20 Sep 201937min

Climate And The Pacific With Former President Anote Tong

Climate And The Pacific With Former President Anote Tong

The recent Pacific Islands Forum turned from a 'Pacific step up' to a Pacific step back for Scott Morrison, as Australia held a hardline on coal and emissions cuts.  Former president of Kiribati, Anot...

6 Sep 201923min

What's Going On With The Murray Darling Basin

What's Going On With The Murray Darling Basin

First there were dead fish and towns running out of water, then #Watergate and now Four Corners have done an investigation into the Murray Darling Basin — again. Big picture...what's going on? Host: R...

20 Aug 20191h 1min

How Good Is The Economy?

How Good Is The Economy?

Two months ago, the Treasurer delivered a budget with rosy economic figures - what the hell happened? Host: Ebony Bennett, Deputy Director at The Australia Institute // @ebony_bennett Contributors: Ri...

28 Jun 201933min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
popradet
stopp-verden
lydartikler-fra-aftenposten
det-store-bildet
rss-gukild-johaug
dine-penger-pengeradet
nokon-ma-ga
fotballpodden-2
hanna-de-heldige
aftenbla-bla
rss-ness
rss-espen-lee-usensurert
rss-penger-polser-og-politikk
rss-dannet-uten-piano
frokostshowet-pa-p5
rss-utenrikskomiteen-med-bogen-og-grasvik