The Sydney Morning Herald | Petrol prices to spike as oil hits two-year highs The Sydney Morning Herald A global oil price surge is set to drive up the cost of petrol through the Christmas holiday season and experts are warning the pain at the bowser is likely to intensify in the New Year. The Organisation of the Petroleum Exporting Countries cartel has ... Fresh Oil Price Rally Stokes New Hopes US crude touches two-year high after rig count drops Oil extends surge as OPEC signals deal, supply threats mount |