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Fuel prices Down Under up and down

It seems that Australian petrol prices are even more volatile than I imagined. Just a week after predictions that petrol prices were likely to remain high during 2007, prices are now tipped to fall by as much as 10 cents a litre (US$0.30 per gallon) after world oil prices dropped to a 19-month low. Oil prices are now a third less, at US$54 a barrel, than their record last July of US$78.40 leading to lower fuel prices for vehicles and jet planes. Some airlines are expected to hold onto their fuel surcharges despite the oil price falls to ... Read more →

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