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The Federal Government has been urged to consider intervention in energy markets, amid fears a gas shortage could lead to higher prices, according to a recent report by the consumer watchdog. Key points: ACCC report projects biggest domestic gas supply shortfall since 2017 The projected shortfall could put further pressure on prices Concerns arose that some manufacturers could be shut down The Australian Competition and Consumer Commission (ACCC) has released an interim report on its investigation into gas supplies along the east coast. It said that while Australia has “relatively abundant gas resources”, most of it is produced for export and large volumes are needed for the domestic market next year to avoid shortages. “The outlook for 2023 is very worrying and is likely to put further pressure on prices, which could result in some commercial and industrial users being unable to operate,” the report said. “This is a significant deterioration in conditions compared to what we projected

Australians pay about 20 cents per liter more for diesel than they should, consumer advocates say. And they said there seemed to be no good reason for that. Federal Treasurer Jim Chalmers said Australians were “really dirty” about higher fuel prices. While prices have declined, experts say diesel prices have not fallen enough. But retailers say there is always a lag between the drop in oil prices seen at the pump. Even if you don’t own a diesel vehicle, you may be affected by the price of diesel. That’s because it’s the fuel of choice for industry — transportation, agriculture, shipping, and mining — which means there are after-effects for the economy. Why is diesel so much more expensive than gasoline? Oil prices soared earlier this year after Russia was sanctioned for its invasion of Ukraine. Diesel prices rose more than gasoline due to various factors including higher demand due to the COVID-19 economic recovery and less supply from Russia. Russia is one of the largest oil producer

Sarah Keating is in a race to find a rental property before her two-year-old son grows out of bed. Key points: Rental prices in several of Melbourne’s outer southeast suburbs have seen strong growth in the past year A real estate agent says landlords are raising rents because of concerns about rising interest rates Proponents fear vulnerable people will be increasingly locked out of the rental market The 21-year-old single mother currently lives with relatives in the southeast outside Melbourne. He shared a room with Ryder’s son, but soon the two of them wouldn’t fit. “I’m trying to find a bigger place to start our life and our family’s life so he has his own room, I have his own room,” he said. “I just can’t find it anywhere. “My son can’t sleep in my bed every night with me. He needs his own bed.” Ms Keating said she had been looking for a two-bedroom place in Melbourne’s outer southeast – suburbs such as Dandenong, Pakenham, Officer, Beaconsfield, Noble Park and Clyde – for about si

When she was working for a supermarket, Ann witnessed huge waste products being dumped at the end of each shift. He said employees can’t pick up wasted items at a cheaper price or for free. “It makes me very angry. It makes me question the company’s approach to waste and their environmental impact,” he said. “If stores want to dispose of edible products perfectly, we have to be able to pick them up and use them.” Ann is new to trash diving and says it can be a lifesaver as she struggles to make ends meet. ( provided ) Now Ann is one of the thousands of Australians struggling to keep food on the table as prices rise — and the bins behind those shops are up for looting. “My daughter is ashamed of being ‘poor’ because all her school friends live in a big private house, and their parents drive expensive cars,” she said. “We don’t live on the poverty line, but we live very simply, without the luxuries or advantages that people with more money can buy. We live in small government subsidize

For many Australians who enjoy coffee to get through the day, another price hike in the cost of living is coming your way. Despite rising milk prices, a cafe near you may want to charge more for a cup of coffee. Key points: A cafe in Hobart says it will raise the price of its coffee by between 50 and 80 cents a cup The price increase follows the increase in the cost of milk, which dairy farmers say has been happening for a long time Coffee lovers say they are happy that dairy farmers are receiving more for their product Hobart cafe owner Sue Stagg says her customers will soon pay extra — “50 or 80 cents per cup”. Mrs Stagg and her staff make about 8,000 copies a week. They use 1,300 liters of milk per week — and the price of milk goes up. “Prices of everything went up, coffee, milk, packaging, everything went up,” said Mrs Stagg. “We support local [milk] suppliers and they are considering increasing their prices with us,” said Mrs Stagg. “Everyone has to pass it along the lines.” Sue

For many Australians who enjoy coffee to get through the day, another price hike in the cost of living is coming your way. Despite rising milk prices, a cafe near you may want to charge more for a cup of coffee. Key points: A cafe in Hobart says it will raise the price of its coffee by between 50 and 80 cents a cup The price increase followed the increase in the cost of milk, which dairy farmers say has been happening for a long time Coffee lovers say they are happy that dairy farmers are receiving more for their product Hobart cafe owner Sue Stagg says her customers will soon pay extra — “50 or 80 cents per cup”. Mrs Stagg and her staff make about 8,000 copies a week. They use 1,300 liters of milk per week — and the price of milk goes up. “Prices of everything went up, coffee, milk, packaging, everything went up,” said Mrs Stagg. “We support local [milk] suppliers and they are considering increasing their prices with us,” said Mrs Stagg. “Everyone has to pass it along the lines.” Sue