$10 petrol? - Nah

Petrol to hit $10 a litre within a decade - report
12:25PM Friday July 11, 2008
An Australian report released today says the price of petrol could hit A$8 ($10) a litre within the next 10 years. more here

5 reasons why this won't happen:

1. Petrol will be too expensive to buy so demand will drop. Same goes for diesel and av gas.
2. Food transported using petrol, diesel or av gas will be too expensive for most to buy so again demand will drop, anybody with access to a patch of land will grow what they can for their own or local needs. This is starting to happen already.
3. Just about any other form of fuel or transport will become more popular.
4. The response of Joe Bloggs to such a rise will make the recent truckie protest look like a church picnic.
5. Basically the country as we know it would cease to function so alternatives will be found. The alternative would be something like Zimbabwe - we don't want to go there.

1 reason why $10 petrol might happen:

Inflation - lots of inflation