xcel
02-10-2009, 10:27 AM
In the UK, gasoline is over $4.80 USD per gallon. Diesel is almost $5.50! (telegraph.co.uk/news/uknews/road-and-rail-transport/4581164/Petrol-prices-back-over-90-pence-a-litre.html)
http://www.cleanmpg.com/photos/data/501/Gas_Nozzle.jpgDavid Millward UK Telegraph (telegraph.co.uk) Feb. 10, 2009
All prices were converted to $USD and language to English :) The Brits are still paying an onerous $3.00 USD tax per gallon. -- Ed.
Pump prices have been creeping up since Jan 6 when they reached their lowest levels in over 4-years..
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Crude oil prices have generally remained stable over the last six weeks and the British Pound Sterling has strengthened significantly against the dollar, the currency in which oil is traded.
The AA is baffled why gas station prices have risen by around $0.20 per gallon at a time when demand is still weak...
"After the dramatic drops in pump prices at the end of last year, it may seem unreasonable to criticize the new rise in prices, particularly when current prices are way below those in February 2008. However, the global economy is in recession, the price of oil is 40 per cent lower than when petrol cost $5.00/gallon in March 2007, and the pound has strengthened in recent days," said Edmund King, the AA's president.
"We can see from wholesale price data for last year that gasoline market prices fell by 5-10% in January last year, yet gasoline prices rose in the same period. There may be perfectly valid reasons for the current price rises, but a repetition of last year's behavior should not be happening again in times of dire family finances." http://www.telegraph.co.uk/news/uknews/road-and-rail-transport/4581164/Petrol-prices-back-over-90-pence-a-litre.html
http://www.cleanmpg.com/photos/data/501/Gas_Nozzle.jpgDavid Millward UK Telegraph (telegraph.co.uk) Feb. 10, 2009
All prices were converted to $USD and language to English :) The Brits are still paying an onerous $3.00 USD tax per gallon. -- Ed.
Pump prices have been creeping up since Jan 6 when they reached their lowest levels in over 4-years..
.
Crude oil prices have generally remained stable over the last six weeks and the British Pound Sterling has strengthened significantly against the dollar, the currency in which oil is traded.
The AA is baffled why gas station prices have risen by around $0.20 per gallon at a time when demand is still weak...
"After the dramatic drops in pump prices at the end of last year, it may seem unreasonable to criticize the new rise in prices, particularly when current prices are way below those in February 2008. However, the global economy is in recession, the price of oil is 40 per cent lower than when petrol cost $5.00/gallon in March 2007, and the pound has strengthened in recent days," said Edmund King, the AA's president.
"We can see from wholesale price data for last year that gasoline market prices fell by 5-10% in January last year, yet gasoline prices rose in the same period. There may be perfectly valid reasons for the current price rises, but a repetition of last year's behavior should not be happening again in times of dire family finances." http://www.telegraph.co.uk/news/uknews/road-and-rail-transport/4581164/Petrol-prices-back-over-90-pence-a-litre.html