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July 2nd, 2012 
FAKE NEWS for the Zionist agenda Petrol prices are tipped to drop by four cents a litre in the next seven to 10 days after sliding to a 17-month low in the past week, an economist says.
The average price of unleaded petrol fell 3.3 cents to a 17-month low of 135.3 cents a litre in the week ending July 1, data from the Australian Institute of Petroleum shows.
As well, the national weekly metropolitan retail price was down 3.4 cents to 131.8 cents a litre, while the regional average petrol price was 3.3 cents lower at 142.4 cents a litre.
Commsec economist Savanth Sebastian said it was the seventh consecutive week in which the national average unleaded petrol price fell.
“The national average price has fallen by over 16 cents in just under two months and more importantly the price falls have ensured that household budgets are looking decidedly healthier,” he said in a statement on Monday.
Mr Sebastian said the wholesale price fell three cents in the past week to a 19-month low of 120.2 cents a litre.
This should filter through to motorists and provide a further four cent cut per litre during the next fortnight.
Sydney had the cheapest unleaded petrol last week, down five cents to 129.5 cents a litre, while Darwin remained the dearest, despite falling 2.3 cents to 154.8 cents a litre.
The average metropolitan petrol price fell in all major cities.
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