A question for non USA IPers5 bucks a gallon for gas?

[David Farber <dave () farber net>]

Why the differnce

Begin forwarded message:

From: Carl Malamud <carl () media org>
Date: August 17, 2005 4:40:34 PM EDT
To: dave () farber net
Cc: Ip Ip <ip () v2 listbox com>
Subject: Re: [IP] A question for non USA IPers5 bucks a gallon for gas?
Ubterestubf Reason for such differences

Hi Dave -

According to the U.S. department of energy, at
http://www.eia.doe.gov/emeu/international/gas1.html

Country           Belgium  France Germany Italy Netherlands U.K.   U.S.
Price 1/1/2005    5.00     5.09        5.37       5.39       
6.03        5.67   1.99
Price 8/1/2005    5.74     5.54        5.88       5.75       
6.50        5.95   2.49
% change          14.8       8.8          9.4          6.6         
7.8          4.9     25.1

If you want yearly data, they have it for a larger number of countries
as well:

http://www.eia.doe.gov/emeu/aer/txt/ptb1108.html

Regards,

Carl


> How much has gasoline prices at retail increased over the past year
> in your area. A percentage would be very good.
>
> Dave
>
>
>
> Begin forwarded message:
>
> From: EEkid () aol com
> Date: August 17, 2005 9:07:44 AM EDT
> To: dave () farber net
> Subject: 5 bucks a gallon for gas?
>
>
> 5 bucks a gallon for gas? Expert sees it in 2006
>
> August 17, 2005
>
> BY MARK J. KONKOL Transportation Reporter
> Advertisement
>
>
>
>
> If you think all this flirting with $3-a-gallon gas is already a pain
> in the pocketbook, brace yourself.
>
> Oil expert Craig Smith predicts gas prices will skyrocket next year,
> jumping to five bucks a gallon.
>
> And if terrorists successfully strike a major Middle East oil field,
> Americans might end up paying $10 a gallon -- about $110 to fill a
> Ford Focus' 11-gallon tank.
>
> Smith, a self-proclaimed geopolitical know-it-all hawking his new
> book Black Gold Stranglehold, says Americans -- tree-hugging
> politicians and car-addicted commuters alike -- should blame
> themselves for the coming spike in prices.
>
> "Why are they charging higher prices for gas? Because people will pay
> it. Apparently, we're not changing our driving habits much," he said.
> "Blame this on ourselves. This country has not built a new refinery
> in 30 years, we stopped new oil exploration . . . and put a
> moratorium on offshore drilling."
>
> Smith -- who last year predicted $3-a-gallon gas and $65-a-barrel
> crude oil prices this year -- says oil prices will jump to $80 a
> gallon by the end of 2006.
>
> On Tuesday, the national average was $2.52 a gallon, according to
> AAA. And the price of gas topped $3 here last week.
>
> If you don't believe the average cost of gas will double in 12
> months, Smith points to places such as Hong Kong, Korea and France,
> where gas prices regularly top the $5 mark.
>
> The solution here for high oil prices: "find it, drill it, refine it
> and burn it" domestically, Smith said, pointing to untapped crude
> reserves in Alaska, Colorado, Utah, off the California coast and in
> the Gulf of Mexico.
>
>
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