Speaker 1: You're on the air with Jason Lauren clint here too.
Speaker 2: I feel prices and economic uncertain his braced for another
Speaker 2: spike in petrol prices.
Speaker 1: If you will give me bargum that was at fuel
Speaker 1: prices are going up? Yes they are.
Speaker 2: Yeah, there's signs of panic buying already. Fuel prices are
Speaker 2: on the rise. Bunnings, for instance, has reported a spike
Speaker 2: in jerry can sales as.
Speaker 3: People are stocking.
Speaker 2: Yeah, people are stockpiling. We know the crude oil price
Speaker 2: globally is through the roof at the moment.
Speaker 3: Are we talking like how much has it already gone on?
Speaker 2: Well, it's about one hundred and sixteen dollars a barrel
Speaker 2: at the moment, I'm told, And that's gonna sort of
Speaker 2: slowly but surely make its way through to the bowser.
Speaker 1: Let's talk to a finance expert. Tim Lester from Channel
Speaker 1: seven joined this so on the air.
Speaker 4: Good morning, Hei, gosh, how are you have you stop? You?
Speaker 1: Should we be? I was going to say, you stockpiled?
Speaker 1: Should we be stockpiling?
Speaker 3: Well?
Speaker 4: The government says no. The government says applies have not
Speaker 4: yet been effected. Calm down, and I think they're right.
Speaker 4: Provided the middle East conflict doesn't go on for too long. Now.
Speaker 4: The US president today, Donald Trump, is saying it'll wrap
Speaker 4: up quickly. We're nearing achieving the emission the missions we
Speaker 4: need to achieve over there. It'll be fine. The market
Speaker 4: started to think yesterday that it wasn't far and it
Speaker 4: was going to be a drawn out conflict, and so
Speaker 4: the sheer market the floor fell out of it and
Speaker 4: it basically trimmed tens of billions of dollars. But that
Speaker 4: confidence appears to have come back a bit with some
Speaker 4: of those comments and the president overnight. So provided the
Speaker 4: war in the Middle East is reasonably short, we may
Speaker 4: not notice it long term in terms of fuel. If
Speaker 4: it hangs on, then it's a problem.
Speaker 3: So people don't need to panic now. Because we're in Melbourne.
Speaker 3: I know that there's been scenes of people lining up
Speaker 3: to try and get their fuel tanks filled this week.
Speaker 4: Yeah, and that's understandable. And if you go to some
Speaker 4: particularly some regional fuel stations, you'll find they actually are
Speaker 4: having troubles because they're not being supplied under major contracts
Speaker 4: like the bigger networks of fuel stations but to get
Speaker 4: in the cities. But for now, the cities are in
Speaker 4: pretty good shape. And that's and it's likely to stay
Speaker 4: that way for at least in the shorter terms, So
Speaker 4: you need to absolutely fill up to day No no.
Speaker 2: Albo's just front of a media conference in Canberra where
Speaker 2: he tells the strains we've got thirty five days of
Speaker 2: fuel reserves as well. The issue with this tim is
Speaker 2: that am I right in saying that it's all a
Speaker 2: vicious cycle, because you know inflation would then start to
Speaker 2: climb and that'll not only make people's petrol more expensive,
Speaker 2: but people's groceries and the like.
Speaker 4: Absolutely, the problem is farmers put diesel in their tractors
Speaker 4: to get the crops in transport companies put diesel in
Speaker 4: their trucks to take all the groceries to coals and
Speaker 4: woollies and aldi. The fuel is right through our economy,
Speaker 4: so it doesn't just affect what we do when we
Speaker 4: go to the petrol station. It's going to turn up
Speaker 4: in the price of bananas. Yeah, and there's certainly a
Speaker 4: one forecast this morning saying inflation could go to five percent. Well,
Speaker 4: if that's right, then interest rates will go up on
Speaker 4: our mortgage and and we'll be paying for it in
Speaker 4: all kinds of ways.
Speaker 2: Thanks the good news. Appreciate security editor, really appreciate Tim.
Speaker 4: Cheery, Yeah, very cheery.
Speaker 2: Love you work.
Speaker 1: Got to tell you what we do have Free fuel
Speaker 1: to go this morning. Thirteen twenty four ten is our number.
Speaker 1: Thanks you our mates at Shell shell Ready Express, you
Speaker 1: scan pump save to save money and time when you
Speaker 1: fill up.
Speaker 3: How good. Let's give some people some fuel, shall we.
Speaker 3: Let's go Lauren and danding on Good morning, Good morning.
Speaker 3: Petrol's on us this week.
Speaker 4: Thank you guys, the best.
Speaker 2: Worry You're the best, so are you. Leanne in Dingley, Hello,
Speaker 2: thank you.
Speaker 1: My husband has a land cruise and we towed the
Speaker 1: caravan on the weekend. So expensive that caravan ate.
Speaker 3: Maybe there you go, Petrols on.
Speaker 2: Us free fuel, free fuel Tuesdays. It was we used
Speaker 2: to do on the Today Show, Free fuel Friday. It
Speaker 2: was always hard to say free once.
Speaker 3: I did that on the Stat Show. And then maybe
Speaker 3: get in the car with people lined up, I'm playing
Speaker 3: for you fuel. It was the weirdest thing. You just
Speaker 3: I don't want to get in your cart and you
Speaker 3: don't want me in your car.
Speaker 1: Also, they say use your phone new the bowser and
Speaker 1: there you are your microphone and TV. Hello, here's your
Speaker 1: free football.
Speaker 3: See from Mars bar. Can you leave me alone? Mike
Speaker 3: can't buy that, you know what.
Speaker 1: That's the only downside, you know how, saying there's a
Speaker 1: Petro station down the rod from us where they fill
Speaker 1: it up for you. It's one of those little independent.
Speaker 2: Ones, no snacks, so you can't ask for it.
Speaker 1: There's nothing else.
Speaker 3: I'm sure you'll detour and finds another one. You find
Speaker 3: already express somewhere. It is travel upon your Mars bar.
Speaker 1: Four to nine. This is Nova and we've got free
Speaker 1: field to go all this week.
Speaker 3: Lauren Lauren wake out feeling good following them on the
Speaker 3: socials