When we were looking for a house here in Oregon in 2001, I remember seeing a price of 99¢ for a gallon of regular here at the pump. Now 7 years later we pay more than 4 times that much (currently about $4.25 per gallon). - The other day I thought it would be very interesting to find out by how much the price of gas increased in Europe. Here are some statistics from Switzerland I found yesterday; over there the price "only" doubled rather than quadrupled. - So how come that percent-wise the increase in the U.S. was so much larger than in Europe? Interesting isnt' it?
Als wir uns im Jahr 2001 nach einem Haus in Oregon umsahen, habe ich einen Benzinpreis hier von 99¢ in Erinnerung. Heute, 7 Jahre später hat er sich vervierfacht (auf im Moment $4.25 per Gallone). - Neulich dachte ich mir es wäre doch mal sehr interessant herauszufinden um wieviel Prozente der Preis in Europa hochgegangen ist. Hier sind einige Zahlen aus der Schweiz die ich gestern gefunden habe. Dort hat sich der Preis in der gleichen Zeit nur in etwa verdoppelt. Wie kommt es also daß hier in den Staaten es so viel teurer geworden ist als in Europe? Interessant nicht wahr?
On the other hand, in Europe they have a number of taxes on their price of gas. A few weeks back (at the end of June 08) I did the following computations:
1 gas in Germany ran €1.61 per liter
1 US-gallon = 3.79 liters, 3.79 x 1.61 = 6.1019
The dollar exchange rate was $1.57 = 1€
So the price for a gallon in Germany was: 6.10 x 1.57 = $9.57 per Gallon
Auf der anderen Seite sind auf dem Benzin in Europe mehrere ziemlich hohe Steuern draugeknallt. Einige Wochen (Ende Juni 08) zurück habe ich folgende Kalkulationen gemacht:
1 Liter Benzin kostete in Deutschland damals €1,61
1 US-Gallone entspricht 3.79 Liter, also 3.79 x 1.61 = 6.1019
Der Dollarkurs an dem Tag war $1.57 = 1€
Daraus ergab sich dann: 6.10 x 1.57 = $9.57 per Gallone
Wow, almost 10 bucks for a Gallon, maybe we shouldn't complain too loudly here in the States.
Aua, fast 10 Dollar für eine Gallone, vielleicht sollten wir hier in den Staaten lieber den Mund halten.
Take care / Tschüss
HD
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8 comments:
Lieber HD,
keine Zeit zum Schreiben, da mein Sohn zu Besuch ist .......
aber Benzin "teuer" ??????
Mit Deiner Rechnung bin ich nicht ganz einverstanden;
ich vergleiche immer noch $1 mit 1DM = Kaufkraft; also 1 OR Gallone mit $4,25 = 4,25 DM
Umgekehrt: " 1 US-Gallone entspricht 3.79 Liter, also 3.79 x 1.61 = 6.1019 " .....
fuer mich also €6,10 = ~12,20 DM = $12,20
Hier in KY zwischen $3.79 in Louisville und $3.39 in Glasgow
Was hier den Preis hochtreibt, ist die Schwaeche des Dollars; vor Jahren .... aber lass mich aus der Zeitung zitieren:
In June 2002, I was in Europe and I got 1.15 Euro for each dollar. Now you get about 0.65 Euro to the dollar. That's a 43.5 percent drop in the value of the dollar in six short years. Back then a gallon of gas cost about $1.75. Now it's $4. If our dollar was as strong now as it was then, a gallon of gas would be a full dollar cheaper.
Hoffe, da es der 1. Kommentar in Deinem blog ist, dass er nicht geloescht wird.
Ob ja, ob nein ..... Du wirst von mir noch hoeren ;-)
0paKY = Uli aus Louisville KY
PS: zu oben:
"aber Benzin "teuer" ??????"
Solange die Autofahrer hier bei laufendem Motor und offenen Scheiben [ egal ob Klimaanlage oder Heizung an ] den Motor laufen lassen, wenn sie stundenlang mit dem Nachbarn sprechen, auf dem Parkplatz Mittagspause halten oder eben mal kurz einkaufen sind ..... kann Benzin NICHT teuer sein!
HD, I know I will enjoy reading your blog. I have been wondering about this comparison for a long time but have been too lazy to do the math. Do you know if the prices for public transportation have gone up along with the price of gas?
Marion,
I don't know if the prices for public transportation in Europe went up as much as the price of gasoline. I assume they did go up, but I have a feeling not to the same extend.
The reason I am thinking this, is that much of public transportation is trains and light rail, and they use electricity, which usually is not generated from oil burning power plants.
I'll post an update if I can find some real statistics.
HD
Uli,
Interesting argument. I think I read that 95% or so of the worlds oil production is (still) payed for in US Dollars; so that makes oil cheaper for foreign buyers (since their local currency is now so much stronger against the dollar), but I don't exactly see how it will drive up the US oilprice? On the spotmarket we in America are paying the same price in US Dollars for crude that every other nation is paying.
Of course the rapidly increasing demands from countries like India and China, that indeed has driven up the demand for oil, and therefore the price for everybody.
HD
the KVB = street car in Cologne - raised the prices 2,5 years ago
0paKY
""95% or so of the worlds oil production is (still) payed for in US Dollars; so that makes oil cheaper for foreign buyers (since their local currency is now so much stronger against the dollar), but I don't exactly see how it will drive up the US oilprice? On the spotmarket we in America are paying the same price in US Dollars for crude that every other nation is paying.""
HD,
because the oil companies in Abu Dhabi and etc. get paid in $$, they get less € if they have to pay for European imported stuff such as for Mercedes or Rolls Royce.
Don't blame India and China; they have a right to drive a car too and to produce items for the USA ;-)
0paKY
Dear Uli,
No doubt the KVB (=Cologne Public Transport) raised their prices, but by how much? And did they do it to the same extend that oil prices went up?
As to India and China, I am not blaming them, I am stating the fact that those two (and many other countries) are using much more oil than 7 years ago, therefore raising the price of oir.
HD
Dear HD,
9.15.06 I paid $2.24 a gallon in Louisville KY; today $3.85 after $4.29 4 weeks ago.
I don't know the prices in Germany; but it would be fine, somebody from Germany would answer that question.
So, if the Cologne Public Transport didn't raise the prices, but Louisville TARC charged 30% more since spring 2007, so the Germans did better.
The cars in the US became bigger; every year 100HP more / model. I doubt, it's less usage today than years ago.
Uli
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