economic update: fuel prices, oil, interest rates & inflation (with Brian Parker, Chief Economist at ART)
4/14/20261 hr 16 min
Learn to invest with our award-winning investing book, The Quick-Start Guide to Investing: https://www.investingbook.com.au/
This economic update with Brian Parker, Chief Economist at ART was recorded on 10 April, 2026.
This episode is brought to you by Australian Retirement Trust. They're the super fund helping over 2.4 million Aussies awaken their super, because you could be sitting on a big blue monster. Consider the PDS and TMD before deciding. Learn more at art.com.au.
money money money is proudly supported by Sphere Home Loans and Skye Wealth.
Need a mortgage broker? Check out https://www.spherehomeloans.com.au
Need to review your personal insurances? Head tohttps://skye.com.au
Apply to be a guest! https://www.moneypodcast.com.au/apply-to-come-on-the-show
🏡 Join our Facebook community: https://bit.ly/m3fbgroup
Watch us on Youtube: https://www.youtube.com/@m3.podcast
Check out all our show resources: https://www.moneypodcast.com.au/mmmshownotes
This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au.
Hosted on Acast. See acast.com/privacy for more information.
Clips
Transcript preview
First 90 secondsGlenn James· Host0:00
[upbeat music] How do global oil supply chains effectively flow through? Like, I fueled up here in Newcastle at Carrington the other day. My diesel was over freaking three dollars a liter. How does the supply chains actually work, and why have advanced economies like Australia effectively outsourced the refining and... I'm just throwing you all these questions, Brian, solve the problem.
Brian Parker· Guest0:36
No, that's fine.
Glenn James· Host0:37
And, you know, if things do cool down, um, how long will it take for fuel and diesel prices to maybe get back to normal? And, uh, before Brian Parker from, uh, Australian Retirement Trust answers this question, we actually are recording on the tenth of April at about eleven AM. So yeah, can you solve all the world's problems, Brian, particularly with my diesel Ranger that I need to fuel up?
Brian Parker· Guest1:03
With your diesel Ranger.
Glenn James· Host1:04
Yeah.
Brian Parker· Guest1:04
Look, this has been a massive, massive shock to the system. Uh, and, um, it, it's really, really hard to identify when this is gonna come to an end. But basically, if you think about the impact on Australia, um, our fuel prices have gone up because, uh, we import, um, the lion's share of our crude oil. We also import, um, refined pr- petroleum product like jet fuel, uh, the petrol we fill up, uh, our tanks with. Our diesel mostly comes from refineries