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

[Ted Schmitt]

Here in Brazil :

US$ 0.57 / liter o Ethanol / Alcohol
US$ 1,15 / liter gasoline

My car runs on either gas or ethanol or any combination of the two.... about 80% of the cars manufactured here in Brazil are already prepared to receive either or any mixture of the two

 

[ralphsulser]

Today here in this area it is $2.37 to $2.39 most places, but I saw a couple at $2.31 yesterday while traveling in Florence. Make one wonder why such a big difference in the same location.

 

[[email protected]]

Well, you were correct Cindy. I bought gas in Madison Hgts. today, 3/21/2007 for $2.59 p.g.

 

[Marc]

Going up again!

From ABC News:

Nothing moves the price of gasoline more than the price of oil, and fears that the standoff over Britons held captive in Iran will lead to a major disruption in the supply of Middle East oil is taking an escalating toll on gas prices here in the United States.[..]

In the last eight weeks, even before the current standoff with Iran, prices jumped 44 cents to a national average of $2.61 a gallon - 11 cents higher than a year ago.

Gas prices often shoot up in the spring, as refineries make the switch to summer-blend gasolines, creating glitches in supply. But the standoff with Iran has inflicted a double whammy on prices.

"I believe crude oil prices are going to continue to rise 50 cents to $1 each," said John Kilduff, an oil trader for Fimat USA, "and every day that this goes on until they stabilize at some point above $70 a barrel."

 

[Jerome]

Current prices in the Netherlands:

Euro 95 : 142.5 euro ct/liter - 7.21 dollar/galon
Plus 98 : 148.5 euro ct/liter - 7.51 dollar/galon
Super : 151.5 euro ct/liter - 7.67 dollar/galon
Diesel : 104.5 euro ct/liter - 5.29 dollar/galon

Doesn't that make you cry...
Probably not, only makes you guys feel lucky...

Cheers.

 

[Antonio Vieira]

After weeks of controled prices, it stared to rise up here in Portugal!
I need to use even more my bike...

 

[errhine]

Going up again!

QUOTE]

I'm sure pretty soon they will have an article in the paper along the lines of... " world worries the sun disappearing to the west, gas prices skyrocket..."

 

[JerryStem]

Someone sneezed in Afghanistan, oil prices to rise!

 

[ralphsulser]

Someone sneezed in Afghanistan, oil prices to rise!

Hey, well you know, Exxon needs the money so they don't have to worry about spending their $10 billion all time profit from 2006.

 

[Bill Pflanz]

Gas prices often shoot up in the spring, as refineries make the switch to summer-blend gasolines, creating glitches in supply. But the standoff with Iran has inflicted a double whammy on prices. ABC News

Actually the switch to summer blend gasoline is not a big deal. What really happens in the spring is that refineries shutdown for maintenance. Refineries are a 24 hour a day, 365 days per year operation and they need to occasionally shut down for repairs or even improvements. In refinery language it is known as a "turnaround". Some of the recent spikes in gasoline are very regional since local area refineries are doing their turnaround. Since there is not much excess capacity, it causes a regional shortage.

For those older Covers who remember the shortages of the 70's and early 80's, the answer lies in conservation. When prices went high, people cut their usage. Unfortunately gasoline and crude oil is still not high enough to result in conservation. Some of the gasoline shortage is caused by lack of refinery capacity but oil companies fear expanding since conservation would remove the need for it just like it did a few decades ago. The market place is setting prices more than anything else. Short term it would be painful if gasoline in the U.S. went to $3.50 or $4.00 but long term it would reduce energy use and improve the environment. What we need is a mass movement towards hybrid cars just like we went to the better mileage cars the last time.

Bill Pflanz