Now hovering around $119 a barrel, oil has fallen almost $30 from its
mid-July peak of over $147 a barrel, amid growing evidence that high prices
had finally started to take a toll on demand.  
So German drivers are now paying almost 1.49 euros for a litre of petrol,
that's equivalent to $8.70 a gallon. 
But analysts warn that oil's six-year bull run is not quite over yet and
may rise again in the short term before a drop towards the end of the
year.

COMPANY OIL -
For these German drivers, relief as they have to pay slightly less at the
pumps.

Petrol prices have fallen somewhat after the oil price recently hit a three
month low.

German drivers are now paying up to one euro forty nine cents for a litre
of petrol - that's the equivalent of  8 U.S. dollars and 70 cents per
gallon.

But this driver thinks the lower price won't last for long: 

Martin Fischer, Petrol station customer, saying: 
"You can see that there is increasingly less in the oil reserves,
and China and other developing nations continue to need and demand more oil.
So correspondingly it's clear that the oil price will continue to rise over
the coming years." 

It's not just drivers sounding a note of caution.

The markets, such as Frankfurt's DAX index of the top 30 companies, have
climbed as the oil price has headed lower.

But some analysts warn consumers shouldn't expect gas prices to remain low
- at least for now. 

Bond trader Dirk Mueller says it also takes time for the crude oil price to
trickle down to consumers: 

Dirk Mueller, Bond trader at ICT Exchange Brokers, saying: 
"Price increases are often passed on very quickly, and falling oil
prices only slowly. We've been observing that for years, so the customers
should watch carefully when to fill their tanks." 

And with the oil market's bull run expected to continue for the next few
months, drivers may only have a temporary respite from paying extra at the
pumps. 

Joanna Partridge, Reuters