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



Foodies' scavenger hunt: are you up for it?

IF YOU want to give your tastebuds the flavour sensations of a lifetime, here is the ultimate foodie’s scavenger hunt through Brisbane.

5 minutes with Israel Folau on footy, life and love

Israel Folau and Silver Fern netballer Maria Tutaia announced their engagement last last year.

WE CAUGHT up with football star and Brisbane ex-pat Israel Folau.

10 reasons to head to South Bank this summer

Head to the only inner-city beach in Australia!

South Bank has a ridiculous amount of fun things to do.

Five mammoth events you need in your life

No Caption

BRISBANE isn’t known for doing things by halves…

How to make your child's every dream come true...

Take a dip at South Bank in the inner-city beach.

‘I DON’T want to do fun things, Mum and Dad’… said no child ever!

How to do Eat Street the right way

Know where to start and where to end to avoid a huge food coma before you get to experience all the goodies!

EVERY Friday and Saturday night, Hamilton comes alive.

You can do WHAT in Brisbane?!

Talk about arriving in style! Take your pub crawl to the next level with a helicopter!

BET you didn't know you could do these things in Brisbane...

Redundancies not happening, says Blue Care

NOT HAPPENING: Blue Care has rejected claims staff will be given redundancies at Millbank Village.

Organisation says it will 'fully support' staff

Bundy man discovers what lurks wolfishly below

CREEPY CRAWLY: Mitch Galikanokus came across this wolf spider in his front yard at the Hummock.

"It was more scared of me than I was of it.”

There's something very different about this new takeaway shop

WELCOME: The Tasty Club's Viola Rezk outside the new business on Lester St.

Want to experience Egypt without leaving Bundy?

Local Partners

Matthew McConaughey wrongly used as medical example

Doctor tried to steal credit for McConaughey's hair treatment

J.K. Rowling writes through severe back pain

An aching back couldn't stop J.K. Rowling catching inspiration

Elsa voice actor's son hates Frozen

Idina Menzel's son "hates" his mother's most famous film 'Frozen'

Chrissy Teigen likes her "soft" stretch marks

Stretch marks are no problem for Chrissy Teigen

Naomie Harris in the dark over Daniel Craig's future as 007

Naomie Harris has no idea if Daniel Craig will be returning as 007

REVIEW: Will Kasey Chambers' Dragonfly take off with fans?

Kasey Chambers’ new album Dragonfly gets 3.5 stars from Cameron Adams.

CHAMBERS is back with her 11th studio album.

By the water's edge

Secure your seachange

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Bundy hotel on the market for a cool $8.5m

FOR SALE: The Burnett Riverside Motel has gone on the market, with a price guide of more than $8 million.

Premier hotel up for sale for more than $8m

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Ready to SELL your property?

Post Your Ad Here!