My question is to the Prime Minister. I refer the Prime Minister to his response to my question yesterday about the basis of his comment that petrol prices would fall to $1.15 a litre, to which he responded:

I entertain the hope rather than making an educated projection.

Is the Prime Minister aware that the NRMA has now made an educated projection that petrol prices could hit $1.80 in the next few months? Prime Minister, is there any reason at all to expect that petrol prices will fall to $1.15?