Claims extracted
22
sentences that state something as happening or true
Uncertain
18%
4 of 22 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
67/100
ABC News (AU)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Global oil prices have continued to drop this morning after Donald Trump said new strikes on Iran were "unlikely".
asserted
strikes → continue → Iran
But it may take time for the effects to be passed on to consumers here in Australia.
uncertain
effects → take → Australia
"Global oil prices fell significantly last week, hitting a low on Wednesday before a slight rebound at the end of the week," Ian Jeffreys, from Queensland's motor peak body RACQ said.
"Fuel retailers in capital cities should be passing this reduction on to motorists in the coming days, and regional motorists should feel the same relief in the coming weeks.
asserted
motorists → fall → weeks
"
Why have oil prices dropped?
asserted
prices → drop → ?
The drop in prices over the past week showed optimism in the world oil trade by investors off the back of a Democratic majority win in both the House and the Senate in the US midterm elections, according to Daniel Prior, supply chain expert at the University of New South Wales.
uncertain
drop → show → Wales
"Back in early October, oil prices were about US$110 a barrel and even slightly more than that," he said.
asserted
he → say → that
"Now we're seeing the $90s as sort of the more typical price of trade."
asserted
we → see → trade
Dr Prior said it was good news that oil prices were down, but it might take a little while to transfer to consumers in Australia.
uncertain
it → say → Australia
"The suppliers to the Australian market will need to purchase the oil from the spot market at those prices, then pass their own costs down through the Australian oil supply chain," he said.
asserted
he → need → chain
"Last time something like this happened earlier in the year, there were certain retailers that were very confident that their own suppliers would be able to pass that cost onto them and so they were able to jump in a bit more quickly than some others.
asserted
they → happen → others
"
Dr Jeffreys hopes that was the case.
asserted
that → hop → ?
"What we've seen is fuel companies are retaining some of those savings and bolstering their retail margins, and what we would urge them to do in the coming days is to pass those savings on to motorists," he said.
asserted
he → see → motorists
He said that while the supply chain needed time to adjust in the regions, metro areas, where they resupply several times weekly, would start to purchase cut prices in the coming days.
“In our smaller centres, it does take a few weeks for the old fuel to be sold, and the new fuel to come in, and therefore the prices would fall a little later," Dr Jefferys said.
asserted
Jefferys → say → centres
How much is fuel going for right now?
asserted
fuel → go → much
In October, Treasurer Jim Chalmers said the Ukraine and Iran wars had exposed the fragility of the global economy.
asserted
wars → say → economy
He warned that oil prices might not drop to a normal level until 2030.
uncertain
prices → warn → 2030
Dr Jeffreys agreed that despite the latest reprieve, the conflicts in Iran and Ukraine would continue to impact prices in the immediate future.
asserted
conflicts → agree → future
"The world still remains highly volatile," he said.
asserted
he → remain → ?
"The Ukraine war is still ongoing, and that is impacting diesel prices in particular.
asserted
that → impact → prices
"
How do I shop around for fuel?
asserted
I → shop → fuel
The Australian Competition and Consumer Commission urges consumers to shop around for fuel and consult with fuel apps and websites in their state:
asserted
Commission → urge → state
Queensland does not have a dedicated government fuel price app, but you can search for commercial fuel price websites and apps that are supported by data under the Queensland government's fuel price reporting arrangements
- South Australia: Search for commercial fuel price websites and apps supported by data under the South Australian government's fuel price reporting arrangements
asserted
that → have → arrangements
The Aporia
