Carrington Clarke

Are we getting a better idea of just how damaging this cutoff of supply, this considerable hit to global supply, is actually doing to the global economy and what some of the long-term consequences could be?

And the price of unleaded is almost back to what it was

before the start of this conflict.

That's obviously been very much helped by the excise tax cut, but the price of diesel is still very elevated from what it was.

Are we really starting to see it biting here in Australia, particularly that elevated diesel price?

And how do you see this playing out over the coming weeks?

In that because the price is being artificially made lower, that people aren't taking into account the full extent of that cost increase and therefore they're maybe not using less of it.

We're not seeing a demand impact in the way that we would otherwise see.

Well, let's see if we do move up that escalation ladder.

Ian Verinder, thank you for joining us for Fuelcast.

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

Thanks, Ian.

I'm Carrington Clark.

And I'm Daniel Mercer, the ABC's energy reporter.

G'day Carrington, and it's nice to be here.

Let's hope I can live up to the lofty standards you're setting.

Suffice to say, it's one of these organisations, the Australian Energy Market Commission, that most people know nothing about.

And most people are probably perfectly fine with that, probably live happier lives because of it, to be honest.

It's sort of the wonkiest of the wonky of energy organisations in the country, arguably.

They set the rules that govern the national electricity market, which is the grid that basically covers the eastern seaboard from Queensland down to Tasmania and across to South Australia.