In Australia we're self-sufficient - I think we trade some oil to get
the grades we need. However, in order to encourage exploration and
all the other social positives such as a solid excise revenue, we
have what is quaintly called 'parity pricing' - the cost is set at
world prices regardless. Consequently I'm paying AU$1.35-$1.50 per
litre at present which translates to around $5 per US gallon on a bad
day. A lot better than Europe but then it's pulled out of the seabed
a couple of hundred kilometres from here dammit. That's why I prefer
to run my main car on LPG which comes from the same source - butane/
propane. When I say gas, I mean GAS. About $1.80 US gallon with about
an 85% equivalent energy yield with a good tune. Doesn't hurt at all.
And it's a hell of a lot better environmentally.
Andrew Fildes
afildes@xxxxxxxxxxxxx
On 05/05/2008, at 12:28 AM, Garth Wood wrote:
> The only reason that wasn't a LOT higher is because Canada's dollar's
> gained so much compared to the U.S. buck, and petroleum prices are
> denoted in U.S. dollars on the world market. If the exchange rate
> stayed where it was in (say) November of 2002, our prices would be
> somewhere north of $7.50 USD per U.S. gallon.
>
> I fear the worsening of the exchange rate. 8^>
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