Australian Politics Forum - Petrol could hit $3 per litre

Bobby.

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Petrol could hit $3 per litre
Mar 4^th, 2026 at 5:03pm

Channel 7 news just reported petrol could soon hit $3 per litre.

The ABC says:

https://www.abc.net.au/news/2026-03-04/petrol-prices-surge-across-australia-serv...

In short:

People are being urged not to panic buy petrol, as prices surge amid the Middle East war.

Long queues of cars are lining streets around petrol stations across the country, with warnings the price per litre could rise by 40c in coming weeks.

What's next?
Authorities say there is a steady supply of fuel in Australia, with fuel companies accused of taking advantage of people's anxieties by hiking prices.

Petrol retailers across the nation are being accused of "unconscionable" behaviour by preying on people's anxieties as fuel prices surge in the midst of the Middle East war.

Economists are warning Australian petrol prices could rise by 40 cents a litre in coming weeks as the conflict in the Middle East escalates, disrupting the flow of crude oil through the Strait of Hormuz.

In Perth, thousands of motorists across the city lined up along streets to get fuel last night, the cheapest day in the city's weekly fuel price cycle.

Many fuel stations across the city are selling fuel well above $2 per litre today, higher than than the daily average of 188.7 and the February average of 164.5c.

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freediver Gold Member Offline www.ozpolitic.com Posts: 52746 At my desk.	Re: Petrol could hit $3 per litre Reply #1 - Mar 4^th, 2026 at 5:15pm It's kind of hard to stock up on petrol.
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Bobby. Gold Member Offline Australian Politics Posts: 117811 Melbourne Gender:	Re: Petrol could hit $3 per litre Reply #2 - Mar 4^th, 2026 at 5:17pm freediver wrote on Mar 4^th, 2026 at 5:15pm: It's kind of hard to stock up on petrol. You need Jerry cans and a safe place to store it.
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freediver Gold Member Offline www.ozpolitic.com Posts: 52746 At my desk.	Re: Petrol could hit $3 per litre Reply #3 - Mar 4^th, 2026 at 5:19pm I wouldn't put petrol stored in a jerry can for a significant period of time in your car.
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Bobby. Gold Member Offline Australian Politics Posts: 117811 Melbourne Gender:	Re: Petrol could hit $3 per litre Reply #4 - Mar 4^th, 2026 at 5:25pm freediver wrote on Mar 4^th, 2026 at 5:19pm: I wouldn't put petrol stored in a jerry can for a significant period of time in your car. That's true - petrol goes stale in about 2 months as the lighter hydrocarbons boil off.
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Frank Gold Member Offline Australian Politics Posts: 57187 Gender:	Re: Petrol could hit $3 per litre Reply #5 - Mar 4^th, 2026 at 5:33pm Next - panic buying toilet paper... Tsk, tsk
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lee Gold Member Offline Australian Politics Posts: 20121 Gender:	Re: Petrol could hit $3 per litre Reply #6 - Mar 4^th, 2026 at 5:54pm Bobby. wrote on Mar 4^th, 2026 at 5:25pm: That's true - petrol goes stale in about 2 months as the lighter hydrocarbons boil off. It depends on the seal.
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Bobby. Gold Member Offline Australian Politics Posts: 117811 Melbourne Gender:	Re: Petrol could hit $3 per litre Reply #7 - Mar 4^th, 2026 at 5:59pm lee wrote on Mar 4^th, 2026 at 5:54pm: Bobby. wrote on Mar 4^th, 2026 at 5:25pm: That's true - petrol goes stale in about 2 months as the lighter hydrocarbons boil off. It depends on the seal. And if you are silly enough to put the Jerry can in the hot sun. The cans don't have perfect seals.
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tallowood Gold Member Offline Израиль Навсегда Posts: 7156 Gender:	Re: Petrol could hit $3 per litre Reply #8 - Mar 4^th, 2026 at 6:06pm Horses and rickshaws will come back.
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lee Gold Member Offline Australian Politics Posts: 20121 Gender:	Re: Petrol could hit $3 per litre Reply #9 - Mar 4^th, 2026 at 6:25pm Bobby. wrote on Mar 4^th, 2026 at 5:59pm: And if you are silly enough to put the Jerry can in the hot sun. The cans don't have perfect seals. Ah well there are numpties among us.
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Jasin Gold Member Offline Posts: 55794 Gender:	Re: Petrol could hit $3 per litre Reply #10 - Mar 4^th, 2026 at 6:51pm I hope it reaches $20❗ It will be like COVID Lockdown with no-one on the roads.
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Melanias purse Gold Member Offline Australian Politics Posts: 101313	Re: Petrol could hit $3 per litre Reply #11 - Mar 5^th, 2026 at 8:11am freediver wrote on Mar 4^th, 2026 at 5:15pm: It's kind of hard to stock up on petrol. Well, you always said you wanted petrol prices to rise, FD. Sustainability, innit. Oh well, at least Vlad gets to cash in. The Russian economy was about to bust before DL started this one. He cares, no?
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freediver Gold Member Offline www.ozpolitic.com Posts: 52746 At my desk.	Re: Petrol could hit $3 per litre Reply #12 - Mar 5^th, 2026 at 8:26am Coal is a bigger contributor to GHG emissions, and has a higher emission per unit of energy produced. With the transition to EV's the gap is going to widen.
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Bobby.

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Re: Petrol could hit $3 per litre
Reply #13 - Mar 5^th, 2026 at 8:27am

Melanias purse wrote on Mar 5^th, 2026 at 8:11am:

freediver wrote on Mar 4^th, 2026 at 5:15pm:

It's kind of hard to stock up on petrol.

Well, you always said you wanted petrol prices to rise, FD.

Sustainability, innit.

Oh well, at least Vlad gets to cash in. The Russian economy was about to bust before DL started this one.

He cares, no?

Vlad is gonna love the high fuel prices.

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Sophia

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Re: Petrol could hit $3 per litre
Reply #14 - Mar 5^th, 2026 at 10:25am

Having a diesel vehicle and storing diesel long term better than petrol.
LP gas is still reasonably priced.

Now, I was remembering back in the later 70s….

It was Iran! Trouble with Iran!

And…back in the 70s petrol prices went up…… cars with V8 engines plummeted and everyone was panicking and scurrying to rid their V8’s to buy 4 cyl or get cars converted to gas.

Well here we go (Iran again!!!) except…. Now it’s a ploy to raise fuel so everyone will scurry to rid their petrol cars (yes even 4 cylinders) to get….tah dah…. Electric cars!!!!

I’m not gonna panic! Imma staying put!

From the 70s lesson I learnt…. to do multiple errands with one car trip to save on fuel…. Unlike some I know that go out every day for some feeble excuse.
Do people hate staying home a day, or two, or three?

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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

Milton Friedman

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