You might want to stock up on fuel.
Petrol prices are expected to jump massively and stay there for a long time after an attack on a major oilfield in Saudi Arabia.
The incident affected 5 per cent of the world’s oil supply.
The price of oil has already jumped up 20 per cent and the Australian Institute of Petroleum it will take a couple of weeks for the full impact of the price shock to hit Australia – in other words, this is only the beginning.
Already prices of up to $1.71/L for unleaded have been spotted around Melbourne.
