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Fuelcast: Fuel forces prices up

5/1/20267 min

Brent Crude has spiked and fallen. Donald Trump is being briefed on new military possibilities in Iran. And Australian supermarket giants Coles and Woolies have warned that they are facing higher cost pressures from transportation to packaging. It's been another busy week in fuel news. 

Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Got a burning brent crude question?

Send an email to Carrington and the team abcbusinessdaily@abc.net.au

Clips

Plastic Caps, Bigger Problem
Everything Is Rising Now
Trump’s No-Win Corner
China Pressure Won’t Sway US
Experts ‘Laughing’ At Threat

Transcript preview

First 90 seconds

  1. Speaker 00:00

    [upbeat music] ABC Listen. Podcasts, Radio, News, Music, and More.

  2. Carrington Clarke· Host0:05

    [upbeat music] Welcome to Fuel Cast. I'm Carrington Clark, and this is your source to stay on top of the numbers behind the ongoing energy crisis. It's Friday, May the 1st. We're recording mid-morning. Let's have a look at the latest figures. The price of Brent Crude has now fallen to $110 US a barrel since we last checked in on Wednesday. The national average price of unleaded has risen by one cent to $1.88 per liter, and the national average price of diesel has also risen by one cent to $2.61 per liter. Today, I'm joined by Alan Kohler to dig into today's major energy headlines. Good morning, Alan.

  3. Alan Kohler· Guest0:48

    Good morning, Carrington.

  4. Carrington Clarke· Host0:49

    Alan, it actually feels like an age since we last spoke, but it's only two days, but so much has happened since that time. Um, we did see this extraordinary spike in the price of Brent Crude. It hit $126 US dollars a barrel, the highest level in years, and that seemed to be because of Donald Trump receiving new plans, new military plans that people saw as a sign that perhaps we would see a, a reactivation of live conflict between the US and Iran. We have now seen it come down again to about $110 US dollars a barrel. What's your analysis and read of the situation?

  5. Alan Kohler· Guest1:27

    That was a scoop in Axios, uh, that the military

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