This paper provides an update of a report which was released in 2006 titled 'Shocking the suburbs' - which examined the distribution of household exposure to higher petrol prices, mortgage interest rate rises and general price inflation due to increases in global oil prices. That paper received...

Global oil prices have risen markedly over the past 18 months, generating considerable speculation regarding their economic and social impacts. Cities that are highly dependent on petroleum for urban transport are likely to be most adversely affected by rising oil prices. Yet there has been...