The prices have recently gone down a little to about $1.40 a litre. I can't complain though because I don't drive yet. I still rely heavily on public transport and luckily the public transport system is very good over here. Also from where I live, the city is only a 15 minute walk away. So getting around is quite easy here.
One solution which some of my friends have come up with to keep up with the rising petrol prices is to get a motorbike instead.