Petrol prices are already at record levels nationally and a rise in the global cost of oil means you will pay more in the coming weeks.
But the cost goes far beyond just filling up at the bowser. For Simone Dobber in Tasmania’s Huon Valley outside of Hobart, it has already stopped the music.
“I’m seriously considering quitting my job because it takes up between a quarter to a third of my overall pay, and it’s just becoming really unsustainable,” she said.
Ms Dobber works at different daycare centres, teaching music to children. With fuel above $2 a litre, the cost of travelling makes her work unviable.
Petrol prices around the country are rocketing.
According to the Australian Institute of Petroleum, the national average unleaded petrol price rose by 3.3 cents to a record 183.9 cents a litre last week.
That was before the United States announced it would ban all imports of Russian oil, joining the United Kingdom in its stance.
US President Joe Biden warned Americans would see petrol prices rise due to the ban, saying “defending freedom is going to cost”.
Oil prices jumped more than 7 per cent on the news, with the global benchmark Brent crude oil price trading around $US130 a barrel.
That is not the highest price it has ever been in US dollars, but previous highs have occurred when the Australian dollar was much stronger and near parity with the greenback.
Be the first to comment