Abstract
Petrol prices have been increasing and decreasing at a formidable rate. Despite the volatility, some forecasters suggest a price as high as AU$8/litre in 2020 is possible. Some predict high prices following the global financial crisis will encourage earlier investment in public transport, more fuel efficient cars as well as lower polluting vehicles. This note uses TRESIS to assess the influence of higher fuel prices on short run and long run passenger travel activity in Melbourne. We evaluate petrol prices in the range AU$2-10 over the period 2009-2017, to establish likely impacts on car use. modal share, greenhouse gas emissions, and public transport revenue. (a).