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Bilifuduo (98.20)

Hey... At Least Gas Prices Are Down!

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July 03, 2012 – Comments (1)

Sure Europe is still in a mess. Yes, domestic and global figures, especially in manufacturing, have showed signs of slowing down. Okay, the looming fiscal cliff is increasingly worrying investors across the world.

But at least gasoline prices have been dropping.

According to the Wall Street Journal, gasoline prices have declined for 13 consecutive weeks; diesel prices . The national average price of retail diesel fuel fell 3 cents to $3.648 a gallon last week, with prices at their lowest since February 21, 2011. This decline is the longest streak since a 15-week streak that ended in December 2008.

 

1 Comments – Post Your Own

#1) On July 03, 2012 at 7:46 PM, portefeuille (99.60) wrote:

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10 Places Where a Gallon of Gas Is More Expensive Than in the U.S.

By Matt Brownell | MainStreet – Thu, Feb 23, 2012 3:05 PM EST

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Most Expensive Gas in the World: Asmara, Eritrea
Cost per gallon of regular gas: $9.58
Cost per gallon of premium gas: (Unavailable)

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2nd Most Expensive: Oslo, Norway
Cost per gallon of regular gas: $9.33
Cost per gallon of premium gas: $9.69

3rd Most Expensive: Rome
Cost per gallon of regular gas: $8.51
Cost per gallon of premium gas: $8.71

4th Most Expensive: Copenhagen, Denmark
Cost per gallon of regular gas: $8.48
Cost per gallon of premium gas: $8.77

5th Most Expensive: Monte Carlo, Monaco
Cost per gallon of regular gas: $8.46
Cost per gallon of premium gas: $8.55

6th Most Expensive: London
Cost per gallon of regular gas: $8.12
Cost per gallon of premium gas: $8.35

7th Most Expensive: Paris
Cost per gallon of regular gas: $8.06
Cost per gallon of premium gas: $8.56

8th Most Expensive: Hong Kong
Cost per gallon of regular gas: $7.85
Cost per gallon of premium gas: $8.30

9th Most Expensive: Berlin
Cost per gallon of regular gas: $7.76
Cost per gallon of premium gas: $8.34

10th Most Expensive: Tokyo
Cost per gallon of regular gas: $6.59
Cost per gallon of premium gas: $7.15

[Also see: The cheapest 2012 cars to own]

Honorable Mention
While these cities all have it worse than the U.S. in the gas department, don’t think we’re beating the whole world at the pump. Several cities have dirt-cheap gas prices, and unsurprisingly they tend to be in oil-producing countries. In Kuwait City, for instance, a gallon of gas at the pump costs the equivalent of 82 cents, while in the Saudi Arabian capital city of Riyadh it’s just 45 cents. The clear winner, though, is oil-rich Venezuela, where government subsidies make a gallon of regular gas cost just 6 cents in Caracas.

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It has been at above $7 for qute some time over here ...

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