Explained: Petrol, Panic Buying & Price Pressure

As global tensions and conflict in the Middle East threaten the flow of oil into Australia, the warning signs are flashing. While we aren't out of fuel yet, regional towns are already seeing shortages, prices at the bowser are climbing, and supply is at risk of running low.

So, how much do we really have left, and why is our 'just-in-time' delivery system so vulnerable to international shocks?

Today, we're joined by the NRMA's Peter Khoury to explain where our fuel actually comes from and how many days of reserves we have left.

Plus, consumer behaviour expert Dr Paul Harrison joins us to discuss the psychology of panic buying and how this shortage will eventually hit your grocery bill and your commute.

🗞️ HEADLINES

MAFS expert Mel Schilling has passed away aged 54
Israel says they plan to occupy a large area of southern Lebanon
Miley Cyrus has posed alongside her Hannah Montana co-stars at the 20th anniversary special launch
Mysterious posters around Paris are fuelling rumours of a Celine Dion come back

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🎙️ CREDITS

Hosts: Taylah Strano & Claire Murphy

Guests:

Peter Khoury, Head of Media NRMA
Dr Paul Harrison, consumer behaviour expert at Deakin Business School

Audio Producer: Lu Hill

Group Executive Producer: Ilaria Brophy

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