Daily Archives: 4, April 2012

Pain at the pump

The next time you start to whinge about the rising prices of gas at your local gas station, think for a moment of the Brits.

Fuel prices are currently running £1.50 per litre of petrol (translation: gas) as fuel shortages are hitting the U.K. hard in the run up to Easter.

£1.50 per litre? What’s that in real money?

Well, one litre is equal to .26 U.S. gallons so we’re talking about roughly £6 per gallon. At the current exchange rate, that is an exchange of $9.50 a gallon. To fill a mid-size car with a 16-gallon tank, that’s $152!

By comparison, gas prices in the U.S. are averaging about $3.92 per gallon.

I guess the message is that gas prices here are bad, but not that bad.