Aussies Rush to Fuel Stations as Fuel Prices Surge

0:00On this March 2nd in Adelaide, here's what is making headlines. Australians are rushing to gas stations amid warnings of surging fuel prices. The country holds just over a month of reserves, with 36 days of petrol, 34 days of diesel, and 32 days of jet fuel. Energy Minister Chris Bowen shared these figures in parliament, noting they are the highest levels in 15 years. Current unleted petrol prices sit between 211.9 and 213.9 since per liter in Sydney, Melbourne and Brisbane. Diesel ranges from 172.9 to 189.9 since per liter. Motorists, especially in South Australia, are filling up early out of caution. Officials say the stockpile includes fuel already in the country, or heading here by ship. Tensions in the Middle East start driving the fears, with U.S. and Israeli strikes on Iran's sparking shutdowns. Saudi Arabia halted its largest refinery, while oil production stopped in Iraqi Kurdistan and Israeli gas fields.

1:01Oil prices jumped as much as 13% in a day to over $82 a barrel. Shipping faces big risks in the straight of hormones, with tankers damaged and insurance pulled, though Europe reports no immediate shortages. The daily news now is powered by our sponsor. Relax deeper, reset faster, comfort you can hear. S-O-L-I-S-O-L-I-SOL-I-PILLO.com.