Fuel prices & electric vehicles (EVs) - EP154

<p>A wide-ranging conversation on petrol/gasoline prices and electric vehicles (EVs). The conversation explores the peculiar economic phenomenon that is Australia’s petrol price cycle. What drives it and how can consumers make it work for them? Show host Gene Tunny and his guest Tim Hughes then discuss the big issues around replacing petrol-powered vehicles with EVs. What does it mean for total electricity demand and what challenges do we face in adopting EVs?</p><h3>Links relevant to the conversation</h3><p>Australian Financial Review article (paywalled) quoting Ampol CEO saying EVs have to be 50% cheaper before widespread take up: <a href="https://www.afr.com/companies/energy/ampol-profit-more-than-doubles-on-refining-revival-20220822-p5bbni">https://www.afr.com/companies/energy/ampol-profit-more-than-doubles-on-refining-revival-20220822-p5bbni</a></p><p>Recent oil price news: <a href="https://www.reuters.com/business/energy/oil-prices-rise-after-saudi-says-opec-could-cut-output-2022-08-23/">https://www.reuters.com/business/energy/oil-prices-rise-after-saudi-says-opec-could-cut-output-2022-08-23/</a></p><p>Brent crude oil price: <a href="https://www.abc.net.au/news/2022-08-25/can-lucky-country-australia-become-a-battery-mineral-superpower/101358050">https://www.abc.net.au/news/2022-08-25/can-lucky-country-australia-become-a-battery-mineral-superpower/101358050</a></p><p>Australian Competition and Consumer Commissions (ACCC) monitoring of Australia’s petrol price cycle: <a href="https://www.accc.gov.au/consumers/petrol-diesel-lpg/petrol-price-cycles#petrol-prices-in-brisbane">https://www.accc.gov.au/consumers/petrol-diesel-lpg/petrol-price-cycles#petrol-prices-in-brisbane</a></p><p>Information on Queensland’s electric superhighway: <a href="https://www.qld.gov.au/transport/projects/electricvehicles/super-highway">https://www.qld.gov.au/transport/projects/electricvehicles/super-highway</a></p><p>Queensland Government website on environmental benefits of EVs: <a href="https://www.qld.gov.au/transport/projects/elec