Carrington Clarke

So be sure you're following us on ABC Listen or wherever you get your podcasts.

If you'd like to send in a question, you can email abcbusinessdaily at abc.net.au.

Catch you next time, Gareth.

Thanks for having me.

Music and more.

Welcome to Fuelcast.

I'm Carrington Clark and this is your source to stay on top of the numbers behind the ongoing energy crisis.

It's Monday, May the 11th.

We're recording mid-morning.

Let's have a look at the figures.

The price of Brent crude is still elevated and has increased to $104 a barrel since we last checked in.

The national average price of unleaded has dropped slightly to $1.84 per litre.

And the national average price of diesel has dropped as well, coming in at $2.47 per litre.

Today, I'm joined by Ian Verinder to dig into the major energy headlines.

Good morning, Ian.

I'm going well, thank you.

I was watching carefully this morning on Radio National Breakfast as we saw kind of this back and forth once again between the US and Iran about the next step in peace negotiations.

In some ways, all the steps don't matter because...

Where have we ended up?

Both sides knocking back the proposal from the other as not being up to standard.