Well, thanks to a very astute reader (Thanks, Harvey), I am making a correction on yesterday's blog post where I said that we pay $5.70 a gallon for gas here. That should have been €5.70, which works out to be around $7.90 a gallon (€1.40 per litre).
So, if that original figure was sticker shock, now I am in a coma!
But I really shouldn't be because gas (petrol) around the world can be found for higher prices than in the U.S. It's just that Americans are not used to having to pay such huge prices.
Here, in Germany fuel taxes are €0.4704 per litre for ultra-low sulphur Diesel and €0.6545 per litre for conventional unleaded petrol, plus Value Added Tax (19%) on the fuel itself and the Fuel Tax. That adds up to prices of €1.03 per litre for ultra-low sulphur Diesel and €1.22 per litre (approximately USD 6.28 per US gallon) for unleaded petrol ( Wiki, March 2009).
So, folks, as we dig deeper and deeper into our pockets, I guess the moral to this story is that it can always get worse.
So, folks, as we dig deeper and deeper into our pockets, I guess the moral to this story is that it can always get worse.