Petrol prices jump to three-year high Time to buy a scooter Australian petrol prices have reportedly jumped to their highest level in three years — and economists say they will continue to rise.
Aussies were last week being slugged an average of 145.8c a litre at the pump, the Herald Sun reports.
RACV vehicle engineering manager Michael Case told the newspaper prices had jumped about 20 cents to $1.55 a litre at the end of the week, the Herald Sun reports.
CommSec economist Savanth Sebastian said petrol prices would rise by another 1-2c in the next two weeks after a rise in wholesale fuel prices.
"Petrol is the single biggest purchase that most families make each week," Mr Sebastian was quoted as saying.
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published 25/10/2011 |