The average cost of unleaded petrol has tumbled below the 110p-per-litre mark for the first time in five years.
Drivers have been benefiting from lower prices at UK pumps as the cost of oil plummets on world markets - the result of a glut in supply and fears for global economic growth.
Figures released on Thursday by Experian Catalist showed the average cost of unleaded on Wednesday fell to 109.8p - a drop of more than half 1p in a day.
Sources suggested that falls in average petrol costs of more than 2p in a day last month had not been seen in 15 years.
Petrol prices fell by 10p-a-litre in December alone - from 121.44p at the start of the month.
Experian Catalist said the last time unleaded stood below 110p was on 3 January 2010.
Diesel also continued to fall but more slowly, with the average on Wednesday at 117p-per-litre.
Fuel experts have suggested that the dramatic fall in oil costs is likely to result in unleaded petrol prices going below 100p-per-litre in the coming months.
The chief executive of Sainsbury's which, along with its major supermarket competitors, has led the way in passing on petrol price cuts to motorists, told Sky News on Wednesday he believed such a price was possible.
The Government has ordered an investigation to ensure petrol retailers, energy firms and airlines are charging customers fairly.
Brent crude oil was trading at $51-per-barrel on Friday having lost more than half its value since June.
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