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Most commentary on the local gas price has been very bearish about what is coming next.
It can hardly be blamed for thinking so, given the Asian price for gas is sitting at about $22Gj, and likely to go much higher.
While the local price has been about one-third of that.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.