Reply #65: Rising oil prices fuel other fears [View All]

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http://www.news.com.au/money/rising-oil-prices-fuel-other-fears/story-e6frfmci-1226044320138

LIKE thousands of other families around Australia, the Noonans are heading off on their annual beach holiday during the Easter break.

This year, however, things will be different for banking executive Simon, wife Kate, and children Sam, 7, Poppy, 4, and Lulu, 2.

As petrol prices surge towards $1.50 a litre in some parts of Australia, they will be catching a budget flight from Melbourne to Queensland instead of embarking on the long drive north.

Simon said that the escalating fuel price made it significantly cheaper for the family to travel by aeroplane. Rising costs at the bowser were eating into the household budget.

"Certainly we've just seen the higher prices come through and it's starting to materialise for us in the monthly cycles we go through," he said.


Read more: http://www.news.com.au/money/rising-oil-prices-fuel-other-fears/story-e6frfmci-1226044320138#ixzz1KXrskzPg