E1851 - “Prices could double”: how the fuel crisis will hit your hip pocket

The war in the Middle East has sent Australia’s fuel prices soaring.

And people are worried that if the battle between the US-Israel and Iran continues for another month – Australia may have to begin rationing fuel.

Already, drivers are panic buying, stockpiling and some country petrol stations are running dry.

Global oil supplies are under threat as Iran attacks tankers in the Strait of Hormuz.

Today, Tim Buckley, the Director of Climate Energy Finance, and the question: as the oil shock hits home, how high could the price at the pump...