"World oil prices hit a fresh record overnight and unleaded fuel was selling for as high as $152.9c in Melboure today in more bad news for households already battered by rising interest rates and grocery costs."

The Herald Sun (and everybody else) bemoan the fact that we have to suffer high petrol prices at the same time as rising interest rates and food prices, as though they were unrelated events! I don't know what they teach economists these days. It's great to have newspapers that can really get to the bottom of these complex issues..

One step at a time Phil. The average punter still doesn't seem to grasp the connection between oil prices and petrol prices, much less the 'other stuff', e.g. food, plastics, fertiliser. Many kids don't even know that food comes from farms (or the backyard veggie patch/orchard) instead of the supermarket. Wait 'til they realise the black stuff is finite, then look up 'finite' in Wikipedia ...