<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Petrol prices have continued to fall despite yesterday's fire at a Geelong oil refinery, but Australians could still face "severe" economic consequences, the treasurer warns.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>There were concerns fuel supply could have been gutted by the fire at the Viva Energy oil refinery, but the average price for petrol is actually expected to drop below $2/litre across the country over the weekend as global prices fall.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Visiting the stricken plant today, Prime Minister Anthony Albanese said the impact to fuel production at the refinery had been limited.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>AS IT HAPPENED:</span></strong><span> </span><a href="https://www.9news.com.au/world/us-israel-iran-war-live-updates-april-17-donald-trump-latest-world-news-headlines/d7652f60-9d6d-4fc3-b566-b0df27fb328f" rel="" target="_blank" title=""><strong><span>'What the f--- are we doing?': Rogan takes aim at Trump</span></strong></a><span></span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Eighty per cent of diesel production is continuing, 80 per cent of aviation fuel [production] is continuing," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Imports are helping replace any lost supply, and experts say the trends are positive.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We're getting up close toward 40 days of petrol, so these are good trends," ANU supply chains expert David Leaney said.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/fuel-crisis-australia-petrol-prices-fall-geelong-refinery-fire-economy/477198f0-f888-49e3-84bb-0b386b8fbfc4" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The good news may stop there, if the warning from Treasurer Jim Chalmers is anything to go by.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>UPDATE:</span></strong><span> </span><a href="https://www.9news.com.au/national/ben-roberts-smith-accused-war-crimes-bail-application/4c5f748b-245e-4a2f-9ce9-218bc168aba7" rel="" target="_blank" title=""><strong><span>War crime accused Ben Roberts-Smith gives thumbs up while leaving prison</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The consequences of this conflict on the other side of the world are already very serious for Australians and they risk becoming severe," he said in Washington DC today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>He believes Australia won't head towards a recession, but that economic growth could slowed considerably.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It remains to be seen how this will impact the budget, set to be handed down next month.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>While the fuel supply situation is improving, some want more to be done to ensure Australia is never in this position again.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/hume-highway-freeway-shut-in-both-directions-violet-town-victoria-news/75e72919-381b-4fc4-a19d-d93f30bb13c5" rel="" target="_blank" title=""><strong><span>Five in hospital after serious truck crash closes Hume Freeway in Victoria</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Queensland Premier David Crisafulli called on the government to open a third oil refinery in Gladstone.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Federal Opposition Leader Angus Taylor agreed, saying Australia needed to get its hands dirty and produce more oil.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We've got to get more oil out of the ground," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We've got to drill, drill, drill."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><strong><span>NEVER MISS A STORY:</span></strong></em><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><p><em><strong><span>Download the 9NEWS App here via</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727"><em><strong><span>Apple</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1"><em><strong><span>Google Play</span></strong></em></a></p></li><li><p><em><strong><span>Make 9News your preferred source on Google by</span></strong></em><span> </span><a href="https://9.nine.com.au/8x987w"><em><strong><span>ticking this box 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