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'Pray we don't get there': Analysts forecast huge surge in petrol prices
US crude oil has posted its biggest weekly gain in futures trading history, with the war in the Middle East leading to a major disruption to global fuel supplies.
Without stating the obvious this going to have a major effect on the general economy. Higher fuel costs add fresh momentum to inflation and especially in Australia where recent data is showing renewed upward pressure....
Interest rates are going to be heading north again!!
It's going to be a bit rough for many people already feeling this 'cost of living crisis'....