Pain is Relative
November 2, 2007 6:35 PM Subscribe
As crude hit an all time high at $96.40US per barrel this week, prices increase at pumps across the US. Regular self-serve rose 9 cents to an average of $2.80 per gallon in 11 Texas cities this week, a price of €0.51 per litre. Even Arab nations are feeling the pinch; in Syria, subsidised fuel prices were increased by 20% to €0.74 per litre. This price is "still low compared to world prices", though. The Automobile Association has a handy reference chart for Europe: drivers in the UK are paying an average of €1.37, and Danes €1.40. Latvia, though, is a European bargain at just €1.00 per litre.
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