Here in country Queensland we're paying the equivalent of $US5.20 a gallon for premium unleaded and that includes a state subsidy. In other states where there is no subsidy it's much higher.
We also had an interest rate rise last month and another one was expected this month but didn't happen.
Here when petrol prices and interest rates go up the first thing you notice is a rash of near new cars and big gas guzzling SUVs parked in driveways and in public spaces all carrying 'for sale' signs as people off load their second car or downsize to something that gets better than 25 miles to the gallon.
|