Petrol $2 by Christmas

A WORLD oil expert predicts the price of unleaded petrol in WA will crash through the $2 mark this summer.

London-based expert Chris Skrebowski arrives in Perth today for talks with the WA Government and to speak at a conference about the oil crisis.

Mr Skrebowski, the editor of the Petroleum Review journal, believes “peak oil”, when world oil production starts declining, will occur in 2010 or 2011.

He said WA motorists’ pain at the bowser would worsen.

“It’s certainly going to go through $2 in the not-too-distant future,” Mr Skrebowski said. “You could see it as early as Christmas, or the beginning of next year. In most of Europe, they’re paying rather more than that (now).”

Sunday Times (Perth, Australia)