U.S. gas prices are a joke ... in Norway

[froggy]

http://money.cnn.com/2011/03/10/news/international/gas_prices_worldwide/index.htm?source=cnn_bin&hpt=Sbin

 

[Baruch Menachem]

Bear in mind, that is the price per quart!

All gas prices in europe are by the quart.
UK, 1.92 by gallon 7.68
Israel 1.87 7.48
Japan 1.74 6.96
Denmark 1.66 6.64
France 1.62 6.48
Italy 1.59 6.36

Prices here are around 77 cents per quart on average.

 

[California Girl]

Actually, in parts of the UK, they're paying $9.76. Still wanna bitch about gas prices? Seriously? I won't be crying you a river any time soon.

 

[High_Gravity]

Actually, in parts of the UK, they're paying $9.76. Still wanna bitch about gas prices? Seriously? I won't be crying you a river any time soon.

That is incredibly high but with the way things are going, the US will catch up to the Europeans rather quickly.

 

[Baruch Menachem]

That is mostly tax. England is a net petroleum exporter and has a huge oil and gas industry.

 

[waltky]

Speculators drivin' up gas prices again...

$105 oil: 'It's the perfect storm'
March 23, 2011 -- Tensions in the Middle East and Libya show no signs of abating. Japan is dealing with post-earthquake rebuilding and major nuclear issues. And the U.S. is entering prime driving season.

At the same time, crude prices have surged, crossing $106 a barrel - a level not seen since Sept. 26, 2008. Gas prices aren't faring much better. Many drivers are already paying $4 a gallon. Oil traders are wondering what's next. "It is truly the perfect storm right now," said James Cordier, president at Liberty Trading Group. "I've never seen anything like it -- the news just isn't stopping."

The benchmark U.S. contract, West Texas Intermediate, rose 78 cents, or 0.7%, to settle $105.75 a barrel for May delivery. Earlier, prices climbed as high as $106.34 a barrel. The May contract became the front-month contract on Wednesday. "The next 90 days are the huge driving season for the U.S., which creates a major demand situation," Cordier said. And crude is spiraling higher quickly. U.S. oil prices have surged more than 20% since mid-February, when pro-democracy movements reached Libya, Africa's third-largest oil producer.

But the nation contributes only about 2% of the 87.5 million barrels of oil the world consumes every day. So traders' concerns are more about whether the regional unrest will spread to other nations. Pro-democracy protests have already forced out leaders in Tunisia and Egypt, and unrest has swept Yemen, Bahrain and Syria. Traders are worried about what happens to global supplies if the turmoil reaches oil-rich areas in the Persian Gulf.

MORE

 

[slukasiewski]

Bear in mind, that is the price per quart!

All gas prices in europe are by the quart.
UK, 1.92 by gallon 7.68
Israel 1.87 7.48
Japan 1.74 6.96
Denmark 1.66 6.64
France 1.62 6.48
Italy 1.59 6.36

Prices here are around 77 cents per quart on average.

That would be litre, brainiac.

 

[PoliticalChic]

View attachment 12988http://money.cnn.com/2011/03/10/news/international/gas_prices_worldwide/index.htm?source=cnn_bin&hpt=Sbin

To draw a finer line, as related to increases in the price of gasoline, the rule of thumb is for every one cent increse in the price, it takes one billion dollars away from consumer spending.

Another reason for the anemic recover.