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

[gpainter]

Scott, I do not think it was blended. They advertise "100% pure" gasoline. I will check. Just heard the hurricane (Rita) is causing a jump in prices!!! Price this morning was $2.75 for 87. I had just started driving when the local Farm Bureau Coop station introduced ethanol. If I remember correctly(77-78) it was about 10 cents cheaper than the pure gas.

 

[Marc]

If I remember correctly(77-78) it was about 10 cents cheaper than the pure gas.

If I understand it there is little or no net 'profit' using ethanol.

Factoids from Popular Science magazine (October 2005 issue page 40):

2.8 billion gallons of ethanol was blended with gasoline in 2004
7.5 billion gallons of ethanol projected to be used annually by 2012.

US$1.25 - Cost of producing 1 gallon of gasoline (production costs)
US$4.69 cost to produce 1 gallon of ethanol.

It takes 1.6 gallons of ethanol to generate the energy equivalent of 1 US gallon of gasoline.

It takes 35 kilowatt-hours of energy to make 1 gallon of gasoline.
It takes 45 kilowatt-hours of energy to make 1 gallon of ethanol.

Just a few thoughts... This looks like a Farm Belt subsidy...

 

[Wes Bucey]

Yep. Net energy loss to produce ethanol.

My brother-in-law has sent me a message with his take on the oil situation:

A lot of folks can't understand how we came to have an oil shortage here in our country.
Well, there's a very simple answer.
Nobody bothered to check the oil.
We just didn't know we were getting low.
The reason for that is purely geographical.
Our OIL is located in
Alaska
California
Coastal Florida
Coastal Louisiana
Kansas
Oklahoma
Pennsylvania
Texas
~~~
Our
DIPSTICKS
are located in Washington DC

 

[dbulak]

Lowest it's been

I paid $2.69 a gallon this morning. This price was in a suburb of Chicago.

 

[Kwilson]

Hw gas effects everything

So, the other day, when the donut truck was here, I asked the guy why the prices were up on donuts (by $.05), and he replied, "Gas prices", OK, I get that. Now, a week later, prices are going back down, so I asked him, "now that gas is back down, are donut prices going down, too?" No response.

Time to give up my biggest vice.

 

[Rachel]

Well, has dropped down below the $1/L mark again here. 99.1cents/L this morning. Should be a little easier on the pocketbook - especially with one month left to my wedding, and all the driving and errand-running that will need to be done in between!

BLASTED!!!
Now that Rita's coming to town in Texas, they are predicting that it could DOUBLE overnight - and of course it has to happen on the weekend that I'm heading home for a wedding shower (1000km round-trip - grrrrrrr)

If it stays up there, God knows if I can continue commuting.

 

[tracey]

Rachel, $1.71 a liter here in southern Ontario. People were line up for blocks last nite...several gas stations have ran out of gas...this is crazy!

 

[ralphsulser]

In South Carolina, northeast area, I paid $2.73 last evening

 

[tracey]

I [email protected] $6.50 a gallon (approx) we soon won't be able to afford to go to work....I drive a saturn so it won't hit me quite as hard but the people with their pickup's are looking a couple hundred dollars to fill up ....insane....

 

[Rachel]

..I drive a saturn so it won't hit me quite as hard but the people with their pickup's are looking a couple hundred dollars to fill up ....insane....

Well, I gotta say that I don't have much sympathy for the Hummers, SUVs and huge trucks on the road...specifically not in the Golden Horseshoe. NO ONE who is getting into/out of Toronto during peak hours *needs* to drive a gas-guzzler.

I'm with you, though, Tracey - I drive a 3, so I do relatively well with a tank a week - but still - it's going to become cost-prohibitive pretty quickly.

NOTE TO ALL - if you get reimbursed for mileage, don't forget to talk to your employer about changing the rate - I get the feeling that 35cents/L isn't going to cut it anymore!