Petrol Prices, Market Casinos, and the Case for Energy Independence

Thu, 09 Apr 2026 16:07:06 +1000

So there I was, scrolling through the news over breakfast this morning, and the headline practically leapt off the screen: petrol prices rising again, and the Albanese government being upfront that even the Iran-US ceasefire — such as it is — won’t be bringing relief at the bowser anytime soon. Can’t say I’m shocked, but it doesn’t make it any less frustrating.

And honestly, calling it a “ceasefire” feels generous. From what’s been reported, Israel was bombing Lebanon within hours of the announcement, Iran was still firing missiles at Gulf states, and now apparently there’s a dispute over whether the ten-point terms Iran published were even the terms that were actually agreed to. One commenter online put it bluntly: “We don’t know what the actual terms of the ceasefire were. Hell, I’m not sure the parties themselves know what they agreed to.” Which is a pretty grim summary of the situation, but probably accurate.

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Petrol Prices, Market Casinos, and the Case for Energy Independence