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Monday, July 28, 2008

Gas Prices - High is Relative

If you think that gas prices are high, at around $4.00 per gallon, consider the situation in England.

The price of regular gas in London is 1.19 but that is in British Pounds per liter.

Since a British Pound buys $2.00, and there are about 3.785 liters per gallon, the actual price of a gallon (U.S.) of gas is about $9.01.

There are very few mini-vans on the road and, in three days in London, I saw exactly one SUV. People think quite hard about what they drive and how far they go.

Although it would still be nice to pay less than $2.00 per gallon, we should be grateful - not whiners - that we are only paying $4.00.

I will send a report from Sweden next week.

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