Carrington Clark

particularly if the US is not going to actually be sending its own navy through that channel.

Alan, the price of unleaded is sitting there at $1.85 per litre.

This is a national average price.

It's kind of just above what it was, looking at the price that people are paying when they go and fill up a tank, just above what it was before the initial American-Israeli strikes on Iran and then the retaliatory strikes.

Now, that's obviously in part because we have the excise cut, but it hasn't started to move up again.

It kind of trended down ever since we had that excise cut.

Is there any reason to believe that it can stay at that level?

Surely if we've got the Brent crude price now up at $108 a barrel, are we going to start seeing that move up again?

Is that going to be the major driver?

We've got the Japanese prime minister currently visiting Australia.

Again, this is partly, it's not just about fuel, but obviously that's part of the conversation that's occurring.

Do you have any view on how this petrol diplomacy or whatever we want to frame it

how successful it has been to shore up Australia's supplies going forward, and how critical will that conversation be with Japan?

Yeah, but at least they're not perhaps going to follow the Chinese example and actually prioritise domestic consumption so much so that they're not actually going to be exporting stuff like jet fuel.

That is it for today's episode for Fuelcast.

Hopefully by the time we speak next, Alan, we'll have a better idea of what so-called project freedom entails and whether or not it actually means that some of those ships that are stranded are able to move through the strait.

Or not.

Or not, exactly.

You can catch ABC Business Daily later today, and we will be back in your feeds with all things fuel on Wednesday.

See you, Alan.