Gas prices what are you paying, Post where you live and what country.

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Permalink Reply by LVS on April 27, 2008 at 3:33pm

On main roads the speed limit is 60kph. On non-sign posted roads it is now illegal to drive faster than 50kph. Mainly on highways/freeways we can drive 80-110kph. I'm torn... the average driver who doesnt need to drive on a freeway would drive 60kph but I know of a lot of people who live further away than the city so they use the freeways.

V8 engine cars are very popular here. Also heaps of people have started driving 4WD's in the metropolitan area. I just dont get it - there isnt that many soccer Mums in my home town. Thankfully there arent too many Hummer idiots out on the road yet.

Where I live the public transport system needs a complete overhall. Just not getting enough people off the roads and onto buses/trams/trains. Yet if you go interstate Melbourne and Perth have amazing transport systems.

I'm pretty lucky that I live less than 5 minute drive to the CBD so I catch the bus to and from work. But still... it would be great if it was on time every morning.

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Permalink Reply by Georg F on April 27, 2008 at 3:23pm

hi, I'm from Vienna (Austria) and here it is ~1,36€/liter wich means: 7,93$/gallon
the gas price pretty much sucks all over europe

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Permalink Reply by Alex V. on April 27, 2008 at 8:11pm

In my opinion, taking into account just the gas price doesn't tell the whole story. You should also consider the standard of living in that country. So I think this formula should work:

(GDP in USD/capita) / (gas price in USD/gallon) = N

where N represents how many gallons of gas a person could buy if all of the money in that country would be equally distributed to everyone. Higher is better.

The results so far (GDP/capita is the average between the IMF and CIA estimates for 2007 taken from The Wikipedia List of countries by GDP (nominal) per capita):

USA (the price is from here for April 21st)	45845 / 3.51 = 13061.3
Romania (price updated on April 28th)	7406 / 6.48 =  1142.9
New Zeeland (NZD 1.859/litre is USD 5.47/gallon)	30241 / 5.47 =  5528.5
Greece	30777 / 7.68 =  4007.4
Canada	42797 / 4.62 =  9263.4
Australia	43426 / 5.18 =  8383.4
Austria	44951 / 7.93 =  5668.5

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Permalink Reply by Annie on May 6, 2008 at 7:39pm

Very interesting formula. Is it, the higher the index numer, the "more expensive" the gas?

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Permalink Reply by Alex V. on May 8, 2008 at 5:17am

The higher the result, for example 13061.3 for the US, the "cheaper" the gas is, because a person could buy more gallons in their respective country.

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Permalink Reply by Matthew on April 27, 2008 at 9:00pm

$3.95 for regular in Santa Barbara, CA.. my plans for the summer are

summer school/bus/bike/beach/softball.

and..... beer.

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Permalink Reply by Ron C on April 28, 2008 at 4:04pm

Gasoline May Soon Cost a Sawbuck
Big New Shock at the Pump Forecast by Two Analysts
By DAN DORFMAN
Special to the Sun
April 28, 2008
A D V E R T I S E M E N T


A D V E R T I S E M E N T

Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.

That's the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize.

Gasoline nationally is in an accelerated upswing, having jumped to $3.58 a gallon from $3.50 in just the past week. In some parts of the country, including New York City and the West Coast, gas is already sporting a price tag above $4 a gallon. There was a pray-in at a Chevron station in San Francisco on Friday led by a minister asking God for cheaper gas, and an Arco gas station in San Mateo, Calif., has already raised its price to a sky-high $4.62.

In Manhattan, at a Mobil gas station at York Avenue and East 61st Street, premium gas is now $4.03 a gallon. Two days ago, it was $3.96. Why such a high price? "Blame the people at STOPEC (he meant OPEC) and the oil companies," an attendant there told me.

These increases are taking place before the all-important summer driving season, signaling even higher prices ahead.

That's also the outlook of the Automobile Association of America. "As long as the price of crude oil stays above $100 a barrel, drivers will be forced to pay more and more at the gas pump," a AAA spokesman, Troy Green, said.

Oil recently hit an all-time high of nearly $120 a barrel, more than double its early 2007 price of about $50 a barrel. It closed Friday at $118.52.

The forecasts calling for a jump to between $7 and $10 a gallon are based on the view that the price of crude is on its way to $200 in two to three years.

Translating this price into dollars and cents at the gas pump, one of our forecasters, the chairman of Houston-based Dune Energy, Alan Gaines, sees gas rising to $7-$8 a gallon. The other, a commodities tracker at Weiss Research in Jupiter, Fla., Sean Brodrick, projects a range of $8 to $10 a gallon.

While $7-$10 a gallon would be ground-breaking in America, these prices would not be trendsetting internationally. For example, European drivers are already shelling out $9 a gallon (which includes a $2-a-gallon tax).

Canadians are also being hit with rising gas prices. They are paying the American-dollar equivalent of $4.92 a gallon, and they're being told to brace themselves for prices above $5.65 a gallon this summer.

Early last year, with a barrel of oil trading in the low $50s and gasoline nationally selling in a range of $2.30 to $2.50 a gallon, Mr. Gaines — in an impressive display of crystal ball gazing — accurately predicted oil was $100-bound and that gasoline would follow suit by reaching $4 a gallon.

His latest prediction of $200 oil is open to question, since it would undoubtedly create considerable global economic distress. Further, just about every energy expert I talk to cautions me to expect a sizable pullback in oil prices, maybe to between $50 and $70 a barrel, especially if there's a global economic slowdown.

While Mr. Gaines thinks there could be a temporary decline in the oil price, he's convinced an overall uptrend is unstoppable. In fact, he thinks his $200 forecast could be conservative, and that perhaps $250 could be reached. His reasoning: a combination of shrinking supply and increasing demand, especially from China, India, and America.

Mr. Brodrick's $200 oil forecast is largely predicated on a combination of pretty flat supply and rip-roaring demand. Other key catalysts include surging demand in China and India, where auto sales are booming, and major supply disruptions in Nigeria and also in Mexico, our second-largest source of oil imports, where oil production has fallen off a cliff.

More factors include the ever-present danger of additional supply disruptions from volatile countries in the Middle East that are not our allies, and the unwillingness of SUV-loving Americans to trim their unquenchable thirst for foreign oil. Likewise, for the first time, emerging markets this year will use more oil than America.

To Mr. Brodrick, it all adds up to an ongoing energy bull market. His favorite plays are the Energy Select Sector SPDR Fund ; United States Natural Gas Fund LP; Apache Corp.; Occidental Petroleum; Anadarko Petroleum, and Schlumberger.

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Permalink Reply by Mark on April 28, 2008 at 5:51pm

We're sitting at about 4.88 a gallon (I'm pretty sure my math is right...) here in western Canada. As we all know these prices ain't going down, especially now that there is a new Carbon Tax on fuel here (British Columbia).

Perhaps we will begin to see more and more people switching to alternative fuel/energy sources, as long as they become more readily available.

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Permalink Reply by Maiflowers on May 1, 2008 at 2:28pm

$118.9 per litre. Ontario, Canada.

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Permalink Reply by CrazyCheshireCat on May 3, 2008 at 6:12am

$1.25/litre -- $4.73/gallon With the CAD being 1 cent above the USD.

Calgary, Alberta, Canada

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Permalink Reply by Danijel Grabo on May 3, 2008 at 4:43pm

Germany: 1.45€ (bout 2$) a litre. Pretty expensive

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Permalink Reply by J.J on May 4, 2008 at 10:35am

Im paying arround 6 american dollars per gallon. That is a whole lot, specially thanks to the taxes imposed here in my country. That is a lot, but at least i makes me think of ways to get another kind of fuel. Here we have natural gas which is cheaper at jeast 1 dollar per gallon .....but its not used a lot yet.

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