Petrol prices in Australia have been rising steadily through all of 2021 and have reached new highs in March 2022. With

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Petrol prices in Australia have been rising steadily
through all of 2021 and have reached new highs in March 2022. With
fuel cost being one of the key components of the household budget,
the rising price of petrol has received a lot of attention in the
popular press as well as among the policymakers at the various
levels of government. In this report you will look into the factors
that drive these changes in the petrol market as well as evaluate
some of the policy proposals aimed at addressing the rising cost of
petrol.
Question 1. [3 Marks] 225 words
Find a few articles in the popular press discussing the
current state of the petrol market. Based on your readings, provide
at least one example of a positive analysis and one example of a
normative analysis related to the issue of petrol prices. Quote and
show references for each of the examples.