Lurion De Mello: Macquarie University Energy Expert on fuel prices continuing to rise due to the conflicts in the Middle East, Europe
Wars in the Middle East and Europe are continuing to push up prices at the pump in New Zealand.
Latest data from fuel monitoring platform Gaspy shows the average fuel price for 91 unleaded has surpassed $3.50.
The global oil benchmark Brent Crude has been sitting above US$100 a barrel for some time.
Macquarie University Energy Expert Lurion De Mello told Mike Hosking fuel prices aren't just being affected by what's happening in the Strait of Hormuz, but also by how much supply is coming out of Russia.
He says there's some guarantee of supply coming out through the Strait of Hormuz, but…
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