Bowsers may be full, but the premium being paid for energy security is creating a ticking time bomb for inflation and interest rates.
Now that we have established that our ability to pay more for fuel will keep imports flowing and bowsers full, we should probably talk about the real cost for Australians.
Higher diesel and petrol prices create more than just a one-off sting at the petrol pump. They add more price pressure into an economy already battling an inflation problem, put more pressure on the Reserve Bank of Australia to hike interest rates and keep them higher for longer, and make it harder for business to reinvest in productive growth.
Source: https://www.afr.com/chanticleer/why-whatever-it-takes-on-fuel-will-break-the-rba-s-back-20260421-p5zpst