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Originally Posted by ryfo
Hey, I live in Austra;ia amd I am paying around 1.27 litre, what does this equate to in $/gallon? We have bbeen told it probably go up to $1.35/L cos of Katrina sending oil prices up
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$A1.27/Litre is around US$3.60/Gallon.
In Germany prices are around double that of the USA, though you can be refunded a proportion of the taxes if you drive to work. On the Aral site I found the Super price to be Euro1.37/L which is around US$6.40/Gallon. I think petrol prices will stay high, even if the oil price stabilises or drops a little. The problem in the USA is that oil prices are high and refining capacity is being used at nearly 100%. Now the hurricane has knocked out both crude oil available and refining capacity.