What are you Paying for Gasoline? Petrol Prices Around the World

[JerryStem]

Last week, it went from ~$1.84 in the morning to $2.09 in the afternoon. A United Dairy Farmers (local min-mart franchise) on the way home still had $1.85 and people were 3-4-5 deep at each pump.

Jerry

I posted this about a week ago. The same situation played out yesterday. Almost...

Everyone else had gone to $2.19, the UDF was at $2.01. But this time, there weren't very many at the pumps this time. I guess $2.01 just didn't seem like as big a bargain, even though it was ~20 cents cheaper again.

Perhaps this says something about relative prices for gas? Same amount of difference, but not as tempting?

Jerry
Wanting to go to 4 day work weeks...... (Could be worse, I used to have a 50 mile commute each way, now about 25-30)

 

[SteelMaiden]

On my way home last night $2.09, on my way in this morning $2.23!!!

I can't really keep that close track of prices, you have to be able to drive by a service station to do that, LOL!

Steel "I live in the middle of nowhere" Maiden

 

[Bill Pflanz]

I posted the following message on May 11 2004. It supports what Allan J said about supply and demand.

Bill Pflanz

The reason for the high gasoline prices is the same reason that they were $1 a gallon about 4 years ago - supply and demand. I didn't hear anyone complaining about the imbalance back then.

Here is a little history that some may have forgotten or do not know. The oil crisis first hit in 1973 when OPEC was created. Prices quadrupled from about $3 per barrel to $12. The current price is about $38-40 and has increased about 25% this year. Back about 4 years ago the price was about $15-18. If you factor in inflation, the current price is probably still less than 1973 and was a steal just a few years ago. OPEC (specifically Saudia Arabia) has managed the oil prices by controlling the supply side. When they couldn't control the price was during the 1980's when the U.S. and a lot of the rest of world went into a recession and started conserving energy. The price fell to about $18-22 for almost 20 years as the demand for gasoline and fuel fell significantly due to conservation efforts and new non-OPEC supplies. Due to the low demand and the cost of keeping up with new environmental laws on lead usage and air pollution, the oil industry shut down a significant number of refineries during the 1980's and 1990's."

http://elsmar.com/Forums/showpost.php?p=77473&postcount=59

 

[Fandango]

Poor U. Try paying in your money $6/gallon. Thats the price in the UK!

 

[gpainter]

We are paying $2.16.

 

[Gail]

Poor U. Try paying in your money $6/gallon. Thats the
price in the UK!

Are there many SUV's on the roads over there?

 

[Hershal]

Day before yesterday, at the Arco $2.36.....not sure I want to know today's price.....

Hershal

 

[Fandango]

They are catching on over here mainly with house wives taking kids to school in city centers. Mostly cars though, our roads, car parking etc is not as big as yours. Then again nothing is!

 

[hartley]

Gas Guzzlers

Always amazes me when the North Americans get steamed about the 2 dollar gallon, try 7 dollars 50 for a imperial gallon in the highlands of scotland.

One way I supose of restricting car use and helping the ozone layer

 

[Jim Howe]

gas prices

In akron, ohio were at 2.15 gallon. In Syracuse, New York this past thursday I paid 2.35 a gallon. Up, up and away!!