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newsMar 2, 20261:39

Australian Households Brace for Higher Petrol Bills

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Australian households face rising petrol bills due to Middle East conflict, with potential fourteen-dollar weekly increase if prices reach one hundred dollars a barrel. Markets remain relatively calm, with local share market dipping just zero point two percent. Strait of Hormuz remains a concern, but experts dont anticipate long shutdowns. Economists predict a sixty percent chance of limited war, with a forty percent risk of bigger disruptions pushing prices to one hundred fifty dollars a barrel. Higher fuel costs could boost inflation and slow spending, acting like a tax on households, while the Reserve Bank is likely to hold interest rates steady amid uncertainty.

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Australian Households Brace for Higher Petrol Bills

Adelaide News Today | 2 Min News | The Daily News Now!

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Adelaide News Today | 2 Min News | The Daily News Now!Australian Households Brace for Higher Petrol Bills. Machine-transcribed; use the interactive transcript above to jump the player to any line.

This is Corey, here with your quick two-minute update from Adelaide News today. A coronal inquest is underway into the death of 50-year-old Dean Sanderson from South Australia. He fell to his death while ziplining with his wife at Jungle Surfing Canopy Tours near Cape Tribulation in Far North Queensland back in October 2019. The couple was on a bucket list adventure in the Dane Tree region after Dean recovered from a serious health issue. They were traveling between two platforms 86 meters apart when something went wrong with the line. Shannon Sanderson told the court she and her husband dropped suddenly while moving fast. She screened for help after waking up on the jungle floor next to her unconscious husband. It took about five minutes for staff and another tourist to reach them. A witness from the same group heard a loud crack and felt the platform shake. Staff called a code red and lowered people down, but he injured his knee in the process and got no immediate first aid. Later, the company offered him counseling. The inquest continues through

this Thursday, with more witnesses expected on Tuesday, March 10th. Officials are examining safety issues at the site. The daily news now is made possible with support from our sponsor. Your bedtime ritual just got better. Built in sound, built in comfort, S-O-L-I, solidpillow.com.

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