Just thought I'd ad some interesting figures I found in The Bulletin a few weeks back. All have been converted to Australian dollars per Litre.

-World Bowser Prices-

Netherlands - $2.26
UK - $2.02
Germany - $1.94
AUSTRALIA - $1.16
US - $0.77
Russia - $0.73
China - $0.63
Saudi Arabia - $0.32
Nigeria - $0.13
Venezuela - $0.04

To add to what L18_B110 said, with petrol at $1/L,
Refinery price=39c
Federal excise=38.1c
Retail margin=13.8c
GST=9.1c



and how long will it last? current projections say there's about 40.5 years of oil left, but to put that in perspective, in 1974, they predicted 7 years until oil ran out.