There’s not much diesel fuel lying around, and lots of people want to buy what is available, as well as what little is produced each day. It’s all a matter of supply and demand.
Articles on Fuel tax
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Households might get relief on fuel they would have bought anyway, but cheaper petrol could encourage them to use more.
Starting yesterday, Australians are now paying 16 cents more for each litre of petrol they buy.
Suspending the federal gas tax, which would require Congress to agree, would drop gas prices only about 4% – less in high-cost states like California.
As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.
The changes announced by the prime minister won’t help with supply and are poorly targeted.
New taxes are never popular. But unless central government gives local bodies the power to raise more than just rates, budgets will never cover costs.
Opposition leader Peter Dutton will promise in his Thursday budget reply that a Coalition government would immediately halve the fuel excise on petrol and diesel.
Speed limits are coming down to improve road safety. Expanding the policy to target high-carbon emission vehicles would be a simple and effective climate strategy.
If the fuel excise cut is not extended, average petrol prices in Australia will almost certainly return to the above $2 territory by early October. But a different solution is needed.
Subsidies to shield the general population from oil price increases do not automatically reduce poverty and inequality.
Consumers are feeling pain at the pump and demanding solutions. Some politicians are pushing gasoline tax waivers – but that means less money to fix roads, and often not much economic relief.
Studies show that when people can ride in a car without having to operate it, they increase their car use. That could increase traffic and pollution, unless government puts a price on car travel.
South Africa hasn’t achieved its policy objective of deregulating the fuel price because vested interests have opposed this, and the government doesn’t have the political will to implement the policy.
The costs that fossil fuels impose on public health through air pollution alone are enormous.
The transport sector is the fastest growing contributor of greenhouse gases. Electric vehicles are a cost-effective solution.
At the moment, fuel taxes pay for most of the maintenance of US roads, bridges and highways. What happens when the majority of cars no longer run on gasoline?
Who are the ‘gilets jaunes’, what do they want and how has France’s political establishment responded to their populist challenge?
Australians are crying out for political leadership. One way our leaders can redeem themselves is by getting to work on a complete shake-up of how we pay for and use transport infrastructure.
Critics of Australia’s fuel tax credits system have pointed to its impact on the budget bottom line, but calculating that cost is far from straightforward.
Top contributors
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Associate Professor of Business, Boston University
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Assistant Professor of Economics, Georgia Institute of Technology
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Adjunct Associate Professor, University of Canberra
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Professor, Department of Economics, The University of Melbourne
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Associate Professor of Economics, University of California, Davis
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Presidential Distinguished Professor of Energy Policy and City Planning, University of Pennsylvania
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Professor of Biogeography, Auckland University of Technology
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Professor of Environmental Geography, School of Biological Earth and Environmental Sciences, UNSW Sydney, UNSW
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Director, 3 Revolutions Future Mobility Program, University of California, Davis
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Policy Director, Institute of Transportation Studies, University of California, Davis
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Honorary Fellow, The University of Queensland
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Senior Lecturer in Economics, University of St Andrews
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Director of Energy Studies, University of Florida
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PhD candidate Faculty of Science UNSW, UNSW
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Director, Capacity and Development, Akademiya2063