QLD Petrol 75cl !!!!!!!!!!!!!

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QUEENSLAND motorists can look forward to petrol prices they have not experienced for five years, with the cost of unleaded fuel dropping as low as 75c a litre.
If the global slide in the price of black gold continues we may even be looking at prices at the bowser of 75c to 80c a litre - something .

The price of standard unleaded fuel is tipped to tumble below $1 a litre over the festive season after huge falls in international oil prices over the weekend.

The price has slid on disturbing news from the US which indicates the country has experienced its greatest number of job losses in 34 years.

The increasing unemployment and general global economic slowdown means a fall in energy usage and oil demand, hence the price slide.

In New York, oil fell to a four-year low of $US40.81 ($63) while in London the price went even lower, tumbling to $US39.74. Oil prices were trading about $US147 a barrel in early July.

Oil analysts yesterday said the falls would definitely mean cheaper fuel at the bowers but it might take a while for the price falls to filter through to end users.

"You have also got to consider the falling Australian dollar against the United States which tends to offset some of the oil price falls," an analyst said.

"But at the end of the day there is no reason why we won't see petrol below $1 over the Christmas period."