Record-high fuel prices in Sydney, Melbourne and Brisbane may be 'here to stay', the NRMA warned on Monday in Australia, accusing some fuel stations of effectively price-gouging during the Middle East conflict and leaving motorists facing what it calls a 'permanent high point' at the pump.
The alarm over a new era of fuel prices follows weeks of disruption after fighting in the Middle East unsettled global oil markets and Australian supply chains. As the conflict intensified, wholesale prices climbed and many motorists rushed to fill up, while retailers in major cities lifted prices early in anticipation of further rises.
