[Peakoil] Fueltrac cast doubt on $1.80 petrol predictions

[Antony Barry]

 From http://www.abc.net.au/news/newsitems/200608/s1710536.htm

Fueltrac cast doubt on $1.80 petrol predictions

The fuel consultancy, Fueltrac, has played down predictions petrol  
will rise to $1.80 a litre by the end of the year.

The motoring organisation, NRMA, forecasts that price will be reached  
if the US has a bad hurricane season and problems in the Middle East  
persist.

But Fueltrac's managing director, Chris Kable, says it is  
scaremongering.

"We haven't seen prices go up to $1.80 a litre so the last thing the  
fuel or the economy in Australia needs is people going around talking  
about prices at $2 a litre or $1.80 a litre," he said.

"At this point in time it wouldn't appear that that is going to happen."


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