
Fuel prices in London, shown in pence per liter, February 2011
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Turmoil in Libya is making global oil markets nervous. That means higher gasoline prices.
Cue the creeping unease and outright fear that Our American Way Of Life May Be In Peril.
Well, it's Monday morning, and we have a brisk message for our U.S. readers: Shut up and stop whining.
So gas is over $3 a gallon, maybe even edging close to $4 (depending where you live)? Oh, you poor, delicate, oppressed things!
Your brethren in England--you know, that country we revolted against 235 years ago?--are just about to pay $8 for each gallon of gasoline they buy.
The signs in the photos were snapped yesterday by our intrepid reader "Edward" at filling stations around London.
To explain the math: £1 equals roughly $1.61, and 1 liter is 0.264 of a U.S. gallon. So the sign that shows 130.9 pence per liter of unleaded translates to $7.99 a gallon.
According to Brian Madderson, chairman of the U.K. filling stations trade group, drivers across the U.K. are on track to be paying £6 per (Imperial) gallon, or £1.32 a liter by the end of the week.
(Yes, in addition to the sterling-to-dollar conversion and the liters-to-gallons conversions, the extra-credit twist is that gallons Over There are larger than gallons Right Here.)
The prices shown for London yesterday have all but reached that level already. The problem will be exacerbated because fuel duty (aka gasoline tax) is about to rise, to keep pace with rising gasoline prices.
That's one problem we don't have here in the States. Despite a looming $50-billion-plus shortfall in the Transportation Trust Fund, our own Federal gasoline tax remains unchanged. It has not been raised since 1993, in fact.
Gasoline taxes in the U.S. overall are far, far lower than in any European country. But then, Europeans have alternatives that we don't in the States: frequent urban mass transit, superb and growing high-speed train networks, and far less of the suburban sprawl that makes multiple vehicles per household a necessity and a matter of survival.
Still, those of us with friends or relatives in England may feel a pang of guilt as we liberally slosh our oh-so-inexpensive $4-per-gallon gasoline into the tanks of our larger, less fuel-efficient vehicles.
Or not.
In gasoline wars, perhaps it's each man for himself.
[The Telegraph; photos courtesy of Edward]
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cdspeed Posted: 2/28/2011 10:01am PST
Matt Posted: 2/28/2011 11:06am PST
Just because another (much tinier) country pays more, we shouldn't be concerned about rising fuel prices? Prices that affect the costs of all goods and services in the country. Concern is appropriate and reasonable.
Patrick Posted: 2/28/2011 11:11am PST
Chris O Posted: 2/28/2011 11:24am PST
Greg Posted: 2/28/2011 11:55am PST
And no, it doesn't make me want a hybrid or electric. Diesel, though...
JJMustang Posted: 2/28/2011 12:57pm PST
But then, Europeans have alternatives that we don't in the States: frequent urban mass transit, superb and growing high-speed train networks, and far less of the suburban sprawl that makes multiple vehicles per household a necessity and a matter of survival.
ModerationIsBest Posted: 2/28/2011 1:11pm PST
I once got offered a job in Japan and found it very difficult to compare the taxes there and here, because they are collected so differently.
Look at property tax and sales taxes in the usa. Some states have them, some states don't. Not always clear show much you are paying for each state. Not easy to compare.
JKD Posted: 2/28/2011 5:12pm PST
We are at $4.60 (Can) and rising and we have to go even further than you...where is my Super Charged Electric Ford Focus and "Better Place" battery switcher??
Mr. X Posted: 2/28/2011 8:11pm PST
P.S: That last line was hard to write.
David Posted: 3/1/2011 1:48am PST
Arthur Dent Posted: 3/1/2011 4:01am PST
morg Posted: 3/1/2011 4:03am PST
WOW Posted: 3/1/2011 5:29am PST
JKD Posted: 3/1/2011 5:30am PST
AFN Posted: 3/1/2011 6:08am PST
China grows enormous amounts of soy and wheat, and 99% of the Chinese people are lactose intolerant...
Chief Posted: 3/1/2011 6:53am PST
Carson Posted: 3/1/2011 7:06am PST
http://www.petrolprices.com/price-of-petrol.html
I have lived in many different areas from redneck to beach resort and while yes there is the random individual that finds it necessary to own a larger than needed vehicle, for the most part the larger the vehicle is associated with the need. Not only is fuel consumed more by the larger vehicles but the cost of upkeep (oil, tires etc), the insurance and the registration renewal all cost more (naturally making many people weary of them). So for those individuals that find the need to own a larger vehicle when they don't have a large family or work on a farm actually help pay our taxes and keep our roads functional.
Fatchik Posted: 3/1/2011 8:22am PST
Kevin Posted: 3/1/2011 9:49am PST
Chris Posted: 3/1/2011 1:32pm PST
http://www.youtube.com/watch?v=1MeIgaRfyD4
jojack Posted: 3/1/2011 3:06pm PST
I'm very disappointed you did not even mention it, you probably just saw a picture of a British pump and went full blogger without a second thought.
Joe Posted: 3/1/2011 3:09pm PST
1) promoting gas-guzzlers,
2) dissing hydrogen,
3) telling Americans they should pay more for gasoline.
4) What else did I miss.
Later
John C. Briggs
Ray Posted: 3/3/2011 10:48am PST
Free market economies do not exist.
How stupid are people? Oil is involved in some way in every aspect of our lives. Also, do you really think Americans only pay 3-4 dollars a gallon?
Do you not understand the cost of protecting supplies in the Middle East and elsewhere?
Try 7-8 a gallon with military and other costs figured in. This cost is indirect but it's still a cost.
Mr. X Posted: 3/6/2011 8:39am PST
And, yes, the U.S. has by far the most stringent particulate emissions limits in the world. The public-health data on the long-term cardiopulmonary effects and costs of fine and ultra-fine particulates are pretty grim, actually. But that doesn't seem to be something that many people are aware of. Yet.
USA Posted: 3/6/2011 11:40pm PST
tom Posted: 3/7/2011 6:30am PST
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