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Gas stations tried to ‘shape’ the market – now it’s shaping them

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An illustration of complex lines of charts superimposed on large blue drops on a fading gradient and white background.

Australian petrol prices tend to follow predictable cycles, but they have all gone out the window in recent weeks. In the early days of the Middle East conflict, petrol stations across Brisbane, Sydney and Melbourne raised prices faster than the rise in global oil prices, in what several leading experts said was an attempt to … Read more

Decisions made over a decade ago will hit home

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Decisions made over a decade ago will hit home

In 2013, Shell closed its Clyde refinery on the Paramatta River, and a year later, Caltex closed Kurnell in Botany Bay. That was the time when Australia went from being self-sufficient in petrol and diesel to relying on imports. The oil shocks of the 1970s were forgotten. We endured a decade of recession like everybody … Read more