“Prices could double”: how the fuel crisis will hit your hip pocket

<p>The war in the Middle East has sent Australia&rsquo;s fuel prices soaring.</p> <p>And people are worried that if the battle between the US-Israel and Iran continues for another month &ndash; Australia may have to begin rationing fuel.</p> <p>Already, drivers are panic buying, stockpiling and some country petrol stations are running dry.</p> <p>Global oil supplies are under threat as Iran attacks tankers in the Strait of Hormuz.</p> <p>Today, Tim Buckley, the Director of Climate Energy Finance, and the question: as the …