By Jonathan Davies

Petrol prices could soon fall below £1 a litre as oil prices continue to nose dive, according to a forecast from the RAC.

The prediction is based on the price of Brent crude oil, which fell to its lowest level since May 2009 at £59.

If the RAC is correct in its forecast, it would mean that petrol would also be at its lowest price since May 2009.

"Talk of prices going up like a rocket and falling like a feather could not be further from the truth as retailers have been quick to pass on savings at the forecourt," said RAC fuel spokesman Simon Williams.

The RAC said the average petrol price in the UK has dropped by around 14p to 116.9p a litre since the start of the year. Diesel is down by 16p at 122.33p.

Supermarket prices are down even further. The average supermarket price for petrol is 114.26p a litre, and diesel is 120.18p a litre.

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