Dear Euric, Prices in Australia are now around 1 $/L from a base about 85 c/L a few weeks ago. Currently the conversion rate to USD is about 70 cents.
Cheers, Pat Naughtin Geelong, Australia -- on 2004-05-14 13.22, MightyChimp at [EMAIL PROTECTED] wrote: > Over the past few months the cost of petrol in the US has been approaching > record levels. Prices in my region, depending on grade range from 0.50 $/L to > 0.60 $/L an increase of 0.10 $/L compared to a few moths ago. Has the prices > been increasing outside the US too? I was wondering if the rise in US prices > is to bring the US prices subtely up to world levels of about 1 $/L to 1 �/L. > > Could all of you who post here let us know what the cost of petrol is in your > market and if it has increased somewhat in recent months? > > I've been hearing some reports that oil reserves will reach a peak around > 2010. Meaning that after 2010, the demand for oil will be greater then > supply. This is the main reason the US wants to control the major oil fields > of the world. > > One thought that came o mind is that as oil supplies dwindle, wastefullness > will become costly. In the past the US could afford to be wasteful and thus > the use of two measurement systems and the errors and costs they impose on the > economy could be easily paid for. But maybe not much longer. Does anyone > have any ideas on what we can expect as far as the metric/FFU issue in an era > of restrictive energy supplies? > > Euric > > >
