Dori A Schmetterling wrote:
> Ninety-five pence (GBP 0.95) per litre of standard 95 octane
> (c. 91 US). (Double US as usual?)
..95 lbs per liter is $1.68 (USD) per liter which is $6.35 per US
gallon.
Current US price per gallon is around $3.00 per gallon (but I'm
thinking this will settle back to $2.50 by January or Feb).
Oil refiners are getting (clearing) about $1 (or $1.45?) for every
gallon of gas they refine (vs 28 cents back a year ago when gas
retailed for $1.87). Distributors and retailers are getting about 18
cents, and all state, federal, and local taxes average around 44 cents
per gallon.
I'm sure it's been a high-priority (but relatively secret) concern by
the white house (and particularly Cheney) to look into and/or find
ways to increase US refining capacity, but it's hard to know if people
like Cheney are too much in the pocket of the oil business to force
changes to refinery capacity. They are probably walking a tightrope
of seeing how high the price will go (can go) without causing an
extreme public backlash and/or destabilize the US economy vs forcing
the oil industry to increase refinery capacity. There was talk a year
or so ago about converting soon-to-be-closed military bases in the US
to oil refineries (the "not-in-my-backyard" mentality means that
derelict military bases look attractive as places to build new
refineries).
Many school boards in the USA are (or are considering) switching to
4-day school week because of high costs for fuel for school busses.
The entire state of Georgia is (or was, or will be?) extending
vacation time and keeping all kids at home. They figure that will
save the state 250,000 gallons of diesel fuel per day.
By the way, is 95 octane (in the UK) equivalent to 91 octane as marked
on US/CDN pumps?
Around here, 91 octane is "high-test", with 89 octane in the middle
and 87 octane as regular (Sunoco might have super-high test - 94
octane if I'm not mistaken). I put 87 in my 300m.
Price for 89 octane is about 5% more than for 87, and 91 octane is 10%
more.
I think all grades have 10% ethanol. You guys have ethanol in your
gas too?
>> Stay informed about: 300c in the UK??