Petrol shock: $8 a litre within 10 years, says Aussie report
11 Jul 2008

Petrol prices could hit $A8 a litre within 10 years, adding 31 cents to the price of a loaf of bread and pushing weekly household fuel bills as high as $220 a week, the Australian research institute CSIRO is warning in a report out today.
Oil is already trading at more than twice the price it was a year ago, but the institute warns that this is just the beginning of fuel price rises if predictions about peak oil prove correct.
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