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Speaker 1: Well you are listening to Mix one oh four point

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Speaker 1: nine and we know that the price of petrol has

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Speaker 1: certainly been a bit of a concern in recent months.

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Speaker 1: We've seen it rise and the latest Affordability Index from

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Speaker 1: the Australian Automobile Association the Triple A, found the cost

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Speaker 1: of transport was going up markedly across all states and

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Speaker 1: territories in city and country areas. Now it is something

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Speaker 1: which probably isn't a huge surprise if you've been filling

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Speaker 1: your vehicle up recently. Joining me on the line is

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Speaker 1: Anthony Hill, the CEO of the AAANT. Good morning to you, Anthony.

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Speaker 2: Good morning Katie. Hell are you yeah?

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Speaker 1: Really well Anthony, what exactly did the report look at?

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Speaker 2: So the report, the report's been around a little while

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Speaker 2: now and it's a quarterlyr report which is which is

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Speaker 2: done by the Automabile Association now peak body of the clubs,

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Speaker 2: and so they take into account a full range of

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Speaker 2: costs that family space when they own a car. So

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Speaker 2: there's there's the upfront costs as well as on own costs,

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Speaker 2: so there's carl owned for payments, registration, CTP, licensing, servicing

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Speaker 2: and tires, fuel and also insurance.

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Speaker 1: And how you know, how are we looking here in

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Speaker 1: the Northern territory when you add all of those costs up,

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Speaker 1: and you know, are we fair in the territory or

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Speaker 1: are we finding it quite difficult.

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Speaker 2: We've certainly seen some increases, but that's also been relevant

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Speaker 2: across the country. So we rate every major capital city

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Speaker 2: and now there's also regional to Alice Springs is in

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Speaker 2: the mix with obviously many other regional areas of Australia.

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Speaker 2: But in the capital cities where we actually are the

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Speaker 2: seventh out of eight, we ranked seventh, so not too

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Speaker 2: bad in comparison to like Sydney, Melbourne and Brisbane. But

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Speaker 2: take into account, you know, the tolls and those sorts

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Speaker 2: of things that they they're having to face there which

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Speaker 2: we don't have here. But since the last report, it's

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Speaker 2: it's about the percent of a typical family's income goes

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Speaker 2: on transport.

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Speaker 1: It's a lot, isn't it. And I guess we all

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Speaker 1: understand that, you know that it needs to happen, particularly

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Speaker 1: in a place like Darwen where you know we don't

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Speaker 1: have as much access to public transport. How are those

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Speaker 1: petrol prices then sort of impacting us at this point

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Speaker 1: because they've seen right around the globe and particularly in

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Speaker 1: australia's seen those prices go right up in recent months.

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Speaker 2: We have, we have, and that's that's probably the biggest

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Speaker 2: factorily in this latest report that we've seen fuel increase.

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Speaker 2: That's been the largest increase out of any of the costs.

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Speaker 2: And I don't think you know, when we're looking at pricing,

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Speaker 2: there's been a couple of major economic factors that are

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Speaker 2: driving at pricing of fuel and emerging from the lockdowns.

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Speaker 2: And you know that we've had transportation manufacturings picked up

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Speaker 2: and demand fuel is also picked up around the world.

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Speaker 2: And secondly, probably the global supply of oil has not

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Speaker 2: been taking paced with the certain armed So that's and

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Speaker 2: I must say that's that's a deliberate that's a deliberate

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Speaker 2: thing by the biotech, which is the oil cartels, so

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Speaker 2: glumberate of a lot of countries that's apply oil. And

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Speaker 2: so I think you know last year they experienced a

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Speaker 2: huge damaging, expensive out of all over supply when everyone

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Speaker 2: plummeted into the original lockdowns, and you know it's the

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Speaker 2: cartel don't want that to happen again. So they're they're

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Speaker 2: actually managing the manufacturing of oil now and and not

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Speaker 2: probably producing as much as what they could. They don't

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Speaker 2: want another oversupply, right, Yeah, So what I think what

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Speaker 2: that means for us is that I don't think in

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Speaker 2: the immediate future we're going to see any relief. We've

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Speaker 2: been hovering around in Darwin here about the dollars sixty

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Speaker 2: nine for U l P since you know, late October,

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Speaker 2: and I would say that least up toil the new year,

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Speaker 2: we're going to see that that kind of remain at

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Speaker 2: that level some positive news, so you know it's boil

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Speaker 2: or did has dropped about ten percent in the last

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Speaker 2: fifth in the last month, and would hopefully see some

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Speaker 2: of that feed through probably into billion a new year,

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Speaker 2: I think.

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Speaker 1: And you mentioned a little while ago Alice Springs as well,

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Speaker 1: that this most recent report also includes Alice Springs. How

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Speaker 1: are things looking for the likes of Alice Springs When

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Speaker 1: you talk about those transport costs and have they also

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Speaker 1: gone up?

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Speaker 2: They certainly have, and they ranked the third highest in

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Speaker 2: regards to the overall transport costs out of the seven

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Speaker 2: regional towns that have been measured in this report. So again,

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Speaker 2: similar similar percentage of income fifteen point five percent of

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Speaker 2: the overll income. They're about three hundred and forty one

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Speaker 2: dollars a week for their for their transport cost. But

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Speaker 2: certainly they have around and fuel is a significant problem

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Speaker 2: down there. So it's the cost down there. Less competition

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Speaker 2: than the lights as well, but it's their fuel costs.

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Speaker 2: And where a dollars sixty nine, they are around heeading

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Speaker 2: towards the dollar eight in.

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Speaker 1: Our in our springs, And as you said, at this

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Speaker 1: point in time there sort of doesn't look like there's

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Speaker 1: going to be a huge change or a huge positive change,

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Speaker 1: I suppose in the near future. But you are hoping,

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Speaker 1: and I guess everybody's hoping that we do see things

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Speaker 1: get a little bit better in the new year.

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Speaker 2: Absolutely, Katie, I think that all price drop, we will

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Speaker 2: see that, but I have the market very volatile at

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Speaker 2: the moment. Who knows that the new strains and the

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Speaker 2: lights what could happen. But you know, we have seen

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Speaker 2: that there all price drop from one hundred and six

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Speaker 2: dollars a barrel down to eighty nine in the last

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Speaker 2: few weeks. So we've hoped to see that flow through

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Speaker 2: the late December early into the new year and are

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Speaker 2: we seeing.

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Speaker 1: When those prices do actually change at the terminal gate?

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Speaker 1: Are we seeing that price drop at the bowser as

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Speaker 1: well pretty quickly? I know that generally one of those

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Speaker 1: complaints we're hear quite often is that when it goes up,

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Speaker 1: we see it go up at the bowser pretty fast.

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Speaker 2: So we manage in here at AA and C. We're

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Speaker 2: looking at it daily. Fuel pricing and what we are seeing,

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Speaker 2: I mean of retail margins have been very very consistent

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Speaker 2: for a very long time. So it's not the retail margins,

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Speaker 2: it's just it said, with the with the Australian dollar

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Speaker 2: and also the with all pricing is really the major

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Speaker 2: influence here. So we watch also the terminal gate and

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Speaker 2: managing watching that very carefully. So I think, yes it does,

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Speaker 2: but it is there is a flow on effect obviously

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Speaker 2: depending on what supplies and the tanks, et cetera at

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Speaker 2: the time, but we should see that flow on as

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Speaker 2: said earlier in the new year now given the all produce, well.

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Speaker 1: Anthony Hill, the CEO of the A A n T,

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Speaker 1: always appreciate your time. Thank you very much for having

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Speaker 1: a chat with us today.

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Speaker 2: Thanks Katie,