I tell you that it won’t be long before it moves towards $5/gallon. in fact I’ve read an interesting article in the EU press, and the US is the cheapest game in the civilized/developed world….here are some of the examples (includes taxes as well..which are unique to each country)
Assumption: US vs Euro rate $1.55 to 1 Euro & 3.78 litre/gallon
COUNTRY Euro Price/Liter US Conversion/Gallon
1. Norway 1.64 Euro $9.60/gallon
2. Holland 1.63 Euro $9.55/gallon
3. Belgium 1.56 Euro $9.14/gallon
4. Finland 1.49 Euro $8.72/gallon
5. Portugal 1.47 Euro $8.61/gallon
6. Italy 1.47 Euro $8.61/gallon
7. France 1.42 Euro $8.31/gallon
8. UK 1.41 Euro $8.26/gallon
9. Germany 1.41 Euro $8.26/gallon
10. Austria 1.29 Euro $7.55/gallon
11. Romania 1.28 Euro $7.49/gallon
12. Irleand 1.25 Euro
13. Spain 1.16 Euro
..
..
..
New Zeeland 0.96 Euro
Australia 0.91 Euro USA 0.63 Euro $3.69/gallon
Look at the figures as a trend and ratio….it seems that we’re always about at least 1/2 of what the rest of the world is paying…..it won’t be for long. Our driving habits will change and the little cars will start popping up everywhere.
P.S. This week the trucker in the UK were on strike due to DIESEL prices going above the equivalent of $9 US/gallon.
