Gas prices in NSW have surged past two dollars a liter as the fuel excise discount ends, with national averages climbing to their highest since May—especially in remote areas like Thredbo where prices near three bucks. With Middle East tensions rattling global oil supplies, experts predict further hikes this week. Treasurer Jim Chalmers is keeping a close eye on stations, warning they’ll be monitored “like a hawk” to prevent price gouging, with ACCC fines up to $100 million per offense. Meanwhile, soaring fuel costs are accelerating the shift toward electric and hybrid vehicles, with nearly half of all new car sales in the last quarter being EVs—the biggest quarterly jump ever in Australia. This moment may just be the wake-up call we need to rethink how we drive.
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