Major supermarkets have been selling olive oil for up to A$65 for a four-liter tin, and up to $26 for a 750 milliliter bottle. We've been hearing about the health benefits of olive oil for years.

2014 was a bleak year for Italian olive oil producers like Augusto Spagnoli. (Alessandra Tarantino / Associated Press) By Russ Parsons. Nov. 24, 2014 1 PM PT . Share via Close extra sharing options.

Italian Olive Oil Shortage Could Cause Prices To Double. March 20, ... Owner Eddie Greco says that stands to double the price of a three-liter tin from about $25 to $50.

Touring their centuries-old olive orchard and state-of-the-art oil mill with just a month to go before harvest, Crudo’s Giuseppe Schiralli and Antonio Rutigliano are all smiles.

Mueller notes that bottles of olive oil can get the Italian flag on them simply by being packed in Italy, but you need to read all of the fine print on the label to figure out if it's real olive oil.

You may think of Italy when you think of a bottle of olive oil, but other countries produce it as well, including Greece. Is Greek olive oil any different?