1. Fuel prices continue to soar out of control
Australia`s gasoline crisis has reached new heights. Drivers are beginning to worry about whether the fuel bill is about to break $2.
Gasoline prices across Australia have been rising recently: Sydney reached 1.75 yuan a litre on Monday; Last month Melbourne reached its highest level in 10 years, and Adelaide`s oil price averaged 1.67 yuan per litre.
, and the congressman is out of the way for the price increase."/>Oil prices in remote areas also have little advantage: in the remote north of Western Australia, oil prices have reached 1.80 yuan per litre, compared with more than $2 in fuel elsewhere.
Imintji, a small indigenous community north of Broome, is 200km from the nearest town, while local diesel prices have reached 2.05 yuan per litre, according to (ABC), Australia and Guangzhou. 500 kilometers north of Kalumburu, unleaded gasoline costs 2.99 yuan.
, and the congressman is out of the way for the price increase."/>2. The congressman couldn`t resist the price of oil.
Unionparty and members of Congress have asked the prime minister to cut the consumption tax on fuel by $12 billion a year. They believe:
"the tax is burning a hole in the wallets of motorists."
Liberal MP Craig Kelly called on Morrison to "substantially reduce" the high fuel tax, which increases the cost of gasoline by 40 cents a litre.
, and the congressman is out of the way for the price increase."/>Fuel taxes are levied by the federal government to repair roads and fund infrastructure projects. Former Deputy Prime Minister Joyce (Barnaby Joyce) said:
If neither party is willing to act, there will be no change; if there is a real willingness to lower fuel prices, there will be a stronger way to monitor what is happening in the market.
, and the congressman is out of the way for the price increase."/>3. Prime Minister Morrison responds to rising oil prices
On Monday, Prime Minister Morrison warned of soaring fuel prices and put pressure on Rod Sims, head of the Australian Competition and Consumer Council (ACCC), to take action.
Meanwhile, Prime Minister Morrison acknowledged some factors: the international cost of oil, for example, was beyond the control of local markets, but said the ACCC had the power to investigate consumers to see if they could no longer afford high oil prices.
, and the congressman is out of the way for the price increase."/>4. Economists` analysis of oil prices
Economists predict that if the Australian dollar falls, average oil prices across Australia will continue to rise above the 2-yuan mark. Shane Oliver, chief economist at AMP, expects the Australian dollar to fall, but gasoline prices will rise "more". "it is highly likely that the price of oil will exceed at least $80 a barrel (West Texas), but this is mainly due to strong global demand, lack of surplus capacity and relatively low inventories."
, and the congressman is out of the way for the price increase."/>Gasoline retailers will not want to raise the price to more than $2 because they are also afraid of opposition from motorists, said (RACQ), the Royal Queensland Motor Club. He predicted unleaded gasoline would not cost more than $2 a litre, but Premium 98 could cost as much as $2.
It is reported that the new state will release real-time oil prices through the state`s government website and car group`s mobile app. The app has been downloaded nearly eight hundred and forty thousand times since its launch in May. New state drivers can save up to 800 yuan a year on oil costs by finding the best price. Kunzhou and South Australia have expressed interest in experimenting with similar schemes.
