US Gas prices - up or down?

[rocket]

$4.46 a gal. at Arco yesterday in Salem Oregon. A far cry from the 34 cents a gal. I paid as a teenager and the 20 Cents a gal. Dad paid a few years earlier.

[lostinthought]

Gas prices in Honolulu today...yikes

[Pabo]

Here is the Australian national average weekly prices for diesel, where is averaged AUD$1.85 per litre to AUD$3.19 in mid April, the dropped back down to AUD$1.85 in July and now back up at AUD$2.86 per litre.

 

 

Whereas for petrol (RON 91 with no ethanol added) it went from AUD$1.80 peaking at AUD$2.53 in April, then slowly climbing back up to AUD$2.37 per litre.

 

 

Between April and June this year, the Australian governement temporarily reduced the fuel exices by 20.6 cents per litre, which would have increased the above fuel rates for the period between April & June even higher.

 

For those in the US, there is 3.785 litres in the US Gallon, and the exchage rate is roughly AUD$1 to US$0.70, or AUD$1.42 to US$1. 

 

So one US Gallon in when fuel is currently at $2.50 per litre AUD$9.46 per US gallon, or US$6.62 per litre.