ColinOldnCranky wrote:I recall during the oil crisis (1970's) that people said that they'd never pay the price that americans were then paying. Never ever ever. (That war $1 per gallon, ie around 20c per litre.)
Well, prices in Oz long ago got to that price in real terms
20c in 1970, adjusted for inflation would be $1.91 in 2009. In 1972 (when the oil price jump kicked in) 20c would be worth $1.70 in 2009
So our current petrol prices are still way too cheap. A fuel price of $2.50-3.00 per litre would be more of the sort needed to shift use well away from cars - something like what fuel prices are in Europe I believe.