The Canberra Times notes that the price of middle eastern democracy movements is being felt at the petrol pumps with a swingeing $1.50 per litre out there and another 3 to four cents a litre predicted.
CommSec economist Savanth Sebastian said escalating tensions in the Middle East could drive this figure even higher to a national average of $1.45 a litre.
He expects service stations across Canberra to increase the cost of petrol by a further 3c to 4c during the next fortnight. ”Households are spending on average $30 more a month on petrol than they were six months ago.”
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Without wanting to vent smug, my bicycle has cost me not a cent to run so far this year, and has some health benefits.
You can pick one up at the R-Shop in Mitchell for $20 and be on road for less than $50.