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Fuel prices
Posted by: SuperKraut ()
Date: May 03, 2001 07:10AM

<HTML>\">Nr. 2 Diesel is running about 1/2 the price it is in EU, with 89 Octane petrol at 2/3 the price......We\'re catching up with you.....<\" Actually the fuel price in Europe is low in terms of $ at the moment because of the high $ exchange rate vs. the Euro. Gasoline costs more like $ 4/gal. I presume your 2/3 was based on $3 /gal. I recall that gasoline in some parts of the US has hit $2 /gal.

The real killer over here is taxes. As much as ¾ of the gasoline price is taxes, but in some countries Diesel attracts a significantly lower tax. So unless Bush has raised the gasoline tax, you are not catching up in terms of \"real\" local prices. It only looks that way because the price in the US is up due to market forces and the $ price in Europe is down a bit because of the exchange rate. This also increases the net price of the fuel, but since the taxes are so high, the sales price actually goes down in $ due to the exchange rate. If you take the original $ to Euro exchange rate, then the price of Diesel goes up to $3.80 /gal. And gasoline is more like $ 5 /gal.

Regards,
SuperKraut
</HTML>

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Subject Written By Posted
Terrific Submarine weekend Kris 04/29/2001 05:59PM
RE: Terrific Submarine weekend Steve Cooper 04/29/2001 09:40PM
Diesel engines SuperKraut 04/30/2001 05:49AM
RE: Diesel engines Steve Cooper 04/30/2001 11:58AM
That\'s the one! Kris 04/30/2001 12:18PM
Not quite Steve Cooper 04/30/2001 03:46PM
RE: 2 cycles? Joe Brennan 05/01/2001 07:21AM
RE: 2 cycles? Tom Iwanski 05/01/2001 12:18PM
RE: 2 cycles? Eric Goethel 05/01/2001 08:42PM
RE: Fairbank Morse Joe Brennan 05/02/2001 06:01AM
RE: Diesel engines Rainer Bruns 04/30/2001 08:30PM
RE: Diesel engines Tom Iwanski 04/30/2001 09:32PM
RE: Diesel engines Rainer Bruns 05/01/2001 01:23AM
RE: Diesel engines Steve Cooper 05/01/2001 12:10PM
RE: Diesel engines Rainer Bruns 05/01/2001 02:12PM
RE: Diesel engines Steve Cooper 05/01/2001 06:12PM
RE: Diesel engines Rainer Bruns 05/01/2001 08:17PM
RE: Diesel engines Tom Iwanski 05/01/2001 08:56PM
RE: Diesel engines SuperKraut 05/01/2001 07:52PM
RE: Diesel engines Eric Goethel 05/01/2001 08:57PM
RE: Diesel engines Tom Iwanski 05/01/2001 09:12PM
RE: Diesel engines Rainer Bruns 05/01/2001 11:49PM
RE: Diesel engines Tom Iwanski 05/02/2001 12:50PM
RE: Diesel engines Rainer Bruns 05/02/2001 03:07PM
RE: Diesel engines John R. 05/02/2001 01:29PM
Fuel prices SuperKraut 05/03/2001 07:10AM
RE: Diesel engines Tom Iwanski 04/30/2001 12:29PM
RE: Terrific Submarine weekend Sean 04/30/2001 12:43PM
RE: Terrific Submarine weekend Frank Blazich 05/01/2001 11:24AM
RE: Terrific Submarine weekend Sean 05/03/2001 12:57PM
RE: Terrific Submarine weekend Angela 04/30/2001 11:42PM
RE: Terrific Submarine weekend Rainer Bruns 05/01/2001 12:39AM
RE: Terrific Submarine weekend Kris 05/01/2001 03:16PM


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