Compared to GB, we pay:
Normal (91 Octane): ₤4,50 per GB-gallon - N/A
Super (95 Octane): ₤4,53 per GB-gallon - Regular £4.63/gallon (Imp)
Super plus (98 Octane): ₤4,72 per GB-gallon - Super £4.81/gallon (Imp)
Diesel: ₤4,15 per GB-gallon - £4.86/gallon (Imp)
Why not?Once again you can not put European prices into the US dollar, that doesn't work.
It doesn't make any sense, the American dollar is about as weak as it's ever been, the exchange rate is going to suck. You have to decided whether or not the price of gas is high for your area of the world, not just say "oh we pay $7.00 a gallon for gas".
Fair enough. I dug up some charts about the US-dollar within the last seven years. If you take the highest level it reached (1€ = $0,8285 at the end of 2000, compared to $1,47 now), we'd pay:It doesn't make any sense, the American dollar is about as weak as it's ever been, the exchange rate is going to suck. You have to decided whether or not the price of gas is high for your area of the world, not just say "oh we pay $7.00 a gallon for gas".
On my end of town (Kentwood) it was $3.19 this afternoon for regular. I paid $3.30 the other day for midgrade, I want to say it was $47 to fill-er-up...
Michigan went up another 3 to 4 cents today. National is up a penny and a half.
According to www.xe.com the current exchange rate is £1 = $2.08 and 1 = $1.47. Also according to my TI-83 calculator 3.79L = 1 gallon.
So lets say this, $1.00 = 1.47 and the price per litre is 1.42, meaning gas would be 5.38 per gallon. So lets convert. You would be paying about $3.65 per gallon, which is similar to what we are paying now, slightly more however which I would wager is due to higher taxes.
Now lets say this, $1.00 = £2.08 and the price per litre is .98p, meaning gas would be £3.71 per gallon. So lets convert. You would be paying about $1.78 per gallon, which is way cheaper then our current fuel prices are.
So you see, the reason Europe pays more is because your currency is miles ahead of the weak US dollar.
Ok fine, switch the exchange rates and the UK would only be paying $1.88 for a gallon of fuel. It's still cheaper. But as I've said since the US dollar is so weak and the GBP is so strong it's stupid to compare the prices, you have to decide whether or not it is high for the British people, not if it's high compared to the rest of the world (unless there are other countries on the GBP).
Even if it was 1GBP = 1 USD, you still would only be paying $3.87
You miss a point here...
US petroleum company pays $100 for barrel, charges $3.50 for gallon.
UK petroleum company pays £48 for barrel, charges £3.80 for gallon.
We buy oil at half the number you do, because of our exchange rate and strength of our currency. But we get charged the same number you do despite the strength of our currency.
In terms of GDP, we pay more for our fuel than you do. Thus it's expensive compared to yours.
Gas was only $2.28 a gallon here last year. Its $3.22 now.