Gas (Petrol)

[Ecurb Noselrub]

I bought $1.89 gas today in Dallas.  Never thought I would see it that low again.

[Biggus Dickus]

I know what you mean, yesterday I used some fuel points I had accrued at a Kroger fueling station, about .40 cents a dollar and filled up my tank.

I am so accustom to watching the dollar amount on the pump, that when it stopped at about $25 dollars I thought I had to restart the pump, but the tank was full, what with the low gas prices and my fuel points.

[xSilverPhinx]

Gas prices are as high as they have ever been here in Brazil.  It's almost that per liter.

[Asmodean]

$1.96 a litre here today.

[Icarus]

Back in the days of yore, I mean the really old days, I bought gasoline for 19 cents per gallon.........You gotta be real old to remember those prices. Of course wages for non skilled jobs were about 40 cents per hour at the time.

My current local gasoline petrol price is about $2.45. I am pleased with the relatively low price because my damned Honda Element is a gas hog.

[Tank]

Petrol peaked here at about ?1.39 per litre, it's now ?1.12 that's a shade under 20% down. As a result UK inflation dropped to 1%.

[Tom62]

$1.64 per litre here in Bayern.

[Pasta Chick]

$2.59 here.  We're usually on the high side of the curve.  Over the past few years it's spiked as high as $4.29.

[Ecurb Noselrub]

I'm sure everyone understands this, but the Americans are talking about prices per gallon (3.78541 liters).  So, the $1.89 gasoline that I purchased yesterday was only 50 cents per liter.   

[Asmodean]

I'm sure everyone understands this, but the Americans are talking about prices per gallon (3.78541 liters).  So, the $1.89 gasoline that I purchased yesterday was only 50 cents per liter.   

Well, you see many people specify the quantity, but yes, I assume most of us Europeans here understood that.

[Biggus Dickus]

Average price per gallon here in the Detroit area is $2.20.

[Tom62]

I'm sure everyone understands this, but the Americans are talking about prices per gallon (3.78541 liters).  So, the $1.89 gasoline that I purchased yesterday was only 50 cents per liter.   

The last time we paid that price was in 1970.

[xSilverPhinx]

Why so cheap?

[Ecurb Noselrub]

The USA produces oil itself and is full of refineries, so production/transporation costs are not as large.  This is especially true in oil producing/refining states such as Texas.   Prices worldwide are falling because Saudi Arabia keeps pumping out petroleum, trying to drive smaller USA producers bankrupt. 

[Icarus]

The Saudis are also driving the Russians and the Iranians into real fiscal trouble. It's working. Near defunct Venezuela has been damaged severely, partly because of their own greed and stupidity but the Saudis executed the coup de gras.  The winners in Russia are the makers of Kia autos and LG home appliances. (the South Koreans are looking good.)  Our own embargos are not helping the Russians either. Take that Vladimir!

Since 9/11 most of us have observed that if one wants to make a subtle but debilitating war, then attack the economy. Operatives such as Al Queda did not just wreck two of our large buildings, they started the US on a wild defensive and offensive spending spree which our economy can not support indefinitely. Which makes me think of the street placards held up by kooks. The placards say; Repent sinners, the end is nigh.