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For those who are owners of cheap, "bomb" cars you now have the privilege of owning an expensive vehicle.
All cars are fast becoming money burners as the price of petrol escalates. Yesterday, some parts of Sydney paid $1.50 a litre for petrol!  However, we are being warned that petrol prices will continue to rise.
According to OPEC's (Organisation of Petroleum Exporting Countries) head of petroleum market analysis, Mohammad Alipour-Jeddi, financial market developments are responsible for the high oil prices, not growth in demand.