Carrington Clarke

Although they do warn that if it gets too high, that will cause the downturn in the rest of the economy to be bigger, that it will offset that.

What do you make of the forecast, though, in comparing them to what the Reserve Bank had?

Are they too optimistic, particularly when it looks at how quickly the price of oil will return to normality?

Yeah, I think it is obviously very difficult for both the Reserve Bank and Treasury to go against what market sentiment is when it comes to

the future price of oil.

You look at the futures market, as it has been the case throughout this conflict, the market is assuming that we're going to see a pretty quick reopening of the Strait of Hormuz.

It's always just around the corner, just on the horizon.

Obviously, that hasn't played out yet.

And then this dramatic fall of prices.

But it is very difficult, isn't it, for anyone to go against that market sentiment?

Because does Treasury know better than what the markets do?

What does the Reserve Bank know?

It's hard to make that argument, isn't it?

Well, on that note, that negative note, we'll leave it there on Fuelcast.

You can catch ABC Business Daily later today.

And we'll be back in your feeds with all things fuel on Friday.

Catch you next time, Alan.

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Now, this is a budget designed during a major energy crisis, which has had

a big impact on the bottom line.