Fuel Rationing Talk Spooks Drivers, But Panic Buying Might Be A Bigger Problem In Australia
Australia says fuel still flowing but rationing remains possible if conflict worsens. Panic buying blamed for shortages despite normal supply levels across country. Oil shock could push more buyers toward EVs if prices stay high due to conflict. Australia’s government is trying to calm nerves after admitting fuel rationing isn’t off the table. But before any Aussies start hoarding jerry cans and turning their swimming pools and hot tubs into open-air gasoline depositories, officials would like to persuade you that supply is still flowing. The bigger issue, they say, might actually be drivers overreacting. The concern, as if you didn’t already know, stems from the ongoing conflict involving Iran , which has disrupted one of the world’s most critical oil routes. With the Strait of Hormuz effectively shut because tankers aren’t willing to risk being fired on, global supply has taken a major hit, sending prices climbing and sparking fears of shortages and Australia’s first ...