The price of unleaded petrol in Australia reached 173.9 cents a litre this past week, with expectations that it may well reach $2.00 a litre by the end of the year. A report from the CSIRO stated that petrol prices may well reach $8.00 a litre by 2018.
With the way that fuel prices are continuing to rise, petrol is rapidly becoming a luxury item that low income earners will soon be unable to afford, if they can still afford it now.
There are various ways that Australians are trying to cope with the rise of fuel prices – use less petrol, ensure you do everything you need to do with the one car journey, use petrol reduction dockets when possible, no longer purchase some items or take part in certain entertainment, etc.
What does the future hold for ordinary Australians? Surely there will be a major shift in the way we live our lives should there be no alternative to petrol in the near future. There may well be major economic consequences with various industries collapsing (such as tourism) and staff being unable to get to their jobs, etc. Perhaps there will be employer funded transport (such as company bus runs, etc). It is likely that public transport will soon be under major stress and the need for increased public transport infrastructure will soon become apparent.
One thing is sure – something will soon have to give. Things cannot continue the way they currently are.