I Want to Understand Why Gas Prices are So Damned High

SloMotion · 03-11-2012, 06:39 AM

Originally Posted by saintfan

They pay well over 6 bucks a gallon in Europe. The 'lucky' folks in some places in Europe are paying just under 6 bucks a gallon.

Across the river, Canadians are paying approx. $1.30CAN per litre, they also use an Imperial Gallon which is 4.5 litres/gallon as opposed to the US Gallon which is 3.78 litres/gallon. That translates into about $5.85 gallon. They've always had pretty high gas prices compared to us, but they get more gas per their gallon.

The reason gas prices have spiked so sharply is because of an implosion in the refinery capacity in the U.S., said Roger McKnight, a senior petroleum adviser with En-Pro International in Oshawa. Four refineries shut down in Philadelphia and a company that shipped a million barrels of oil a day to the U.S. from Europe filed for bankruptcy, McKnight said.

Read more: Windsor area gas prices predicted to hit $1.47

03-11-2012, 06:39 AM	#9
SloMotion 5000 POSTS! + Join Date: Jan 2012 Posts: 6,776 Blog Entries: 15	Originally Posted by saintfan They pay well over 6 bucks a gallon in Europe. The 'lucky' folks in some places in Europe are paying just under 6 bucks a gallon. Across the river, Canadians are paying approx. $1.30CAN per litre, they also use an Imperial Gallon which is 4.5 litres/gallon as opposed to the US Gallon which is 3.78 litres/gallon. That translates into about $5.85 gallon. They've always had pretty high gas prices compared to us, but they get more gas per their gallon. The reason gas prices have spiked so sharply is because of an implosion in the refinery capacity in the U.S., said Roger McKnight, a senior petroleum adviser with En-Pro International in Oshawa. Four refineries shut down in Philadelphia and a company that shipped a million barrels of oil a day to the U.S. from Europe filed for bankruptcy, McKnight said. Read more: Windsor area gas prices predicted to hit $1.47