News

Gas to be problem for more Aussie households

HOUSEHOLDS in eastern Australia are about to be hit with more gas price increases which could see wholesale prices triple, according to new research from The Australia Institute.

The independent think tank's paper Cooking up a Price Rise finds wholesale gas prices will rise from around $3 or $4 a gigajoule to around $9 a gigajoule.

"The increase is linked to plans to sell gas from eastern Australia overseas," Senior Economist at The Australia Institute Matt Grudnoff said.

"The minute Australia's domestic gas market is linked to the world gas market, the Australian price will increase.

"At the moment Australians pay relatively low prices for gas and that's why the industry is so keen to sell it to foreign markets instead."

The completion of the Gladstone liquefied natural gas facilities will enable gas companies in eastern Australia to sell gas overseas for the first time.

"Many in the gas industry would like us to believe that public opposition to coal seam gas (CSG) is the reason for the impending price increases. But it's the determination of the gas industry to sell to the highest bidder," Mr Grudnoff said.

Topics:  bills, economy, energy, gas




No jail for league player who punched man

ASSAULT: The impact of the punch broke the victim's left front tooth and caused a puncture wound to his lip.

Nine-month community correction order for CBD assault

Jail drug smuggler caught with five bags of pot

BACK IN COURT: Brooke Marie Glasson was found in possession of marijuana two months after pleading guilty to supplying a dangerous drug at the Maryborough Correctional Centre.

Second chance to stay out of jail

Symbols of love against the law in North Bundaberg

LOVE: North Bundaberg.

Have you seen love singnals in Bundaberg?

Latest deals and offers

What's on the big screen this week

Toby Kebbell and Jack Huston in a scene from the movie Ben-Hur.

AN OLD classic returns to the big screen with a new young star.

Bachelor Richie gives bacon-loving Noni the boot

Noni Janur features on this season of The Bachelor.

TOOWOOMBA swimwear designer still single but focusing on her career.

Zumbo's Just Desserts serves up magical dishes

Gigi Falanga, left, joins hosts Adriano Zumbo and Rachel Khoo on the TV series Zumbo's Just Desserts.

ADRIANO Zumbo’s decadent creations have become prime-time viewing.

Sir Cliff Richard feels 'best' after sex abuse allegations

Sir Cliff Richard is 'back' to his best after sex abuse claims

Blac Chyna sued after car injured 2 women

Blac Chyna is being sued after her friend crashed into another car

Chris Hemsworth surprises kids at hospital as Thor

Chris Hemsworth and Tom Hiddleston surprised children at hospital

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Coast building approvals at seven-year high: report

The the 2015/16 Development Indicators Annual Highlights Report documents local development activity that took place during the last financial year.

New report shows increasing development on the Sunshine Coast

Top honours for Mackay and Whitsunday builders

The Kerrisdale Gardens property from Paynter Dixon Queensland which won them Project of the Year.

Mackay and Whitsunday builders awarded top honours last night.

Investors eye Gladstone's $4m island with resort approval

UP FOR SALE: Turtle Island is on the market.

CHINESE and Sydney investors flag interest in Gladstone island.