Is this the article at which you were looking? <a href="http://www.moneyweek.com/file/45987/are-petrol-prices-really-all-that-high.html">http://www.moneyweek.com/file/45987/are-petrol-prices-really-all-that-high.html</a><br>
<br>The price of petroleum should not be much higher though; despite the large increase in global consumption, oil production today is approximately 3 times what it was in 1950. Peak oil will come soon and change that though...<br>
<br>The price of the dollar should worry us more though because its low value could cause OPEC to redenomonise the petrodollar into something else and kill the oeconomy.<br><br><div class="gmail_quote">2008/5/13 Chris Louden <<a href="mailto:chris@chrislouden.com">chris@chrislouden.com</a>>:<br>
<blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">I have no link, but I'm pretty sure it was the WSJ. Taking the price<br>
of gas in the 1950s and adjusting it for inflation to 2008 dollar the<br>
price would be $3.20ish. Based on that way of thinking were really not<br>
pay that much more then in the past. Therefore the price we were<br>
paying throughout the 90's was considerably less. Granted other costs<br>
of living when compared to the 50's and then adjusted for inflation<br>
don't balance out. Housing for instance.<br>
<br>
While I dislike the price of gas. I am more concerned with the value<br>
of our dollar being so low.<br>
<div><div></div><div class="Wj3C7c"><br>
<br>
On Tue, May 13, 2008 at 9:30 AM, Dan Borne <<a href="mailto:danborne.kde@gmail.com">danborne.kde@gmail.com</a>> wrote:<br>
> According to the German Federal Law website (It is in German), Germans are<br>
> to pay 65.45 Euro-Cents per litre (eg. 3.84453 USD per US Gallon) in taxes<br>
> for conventional unleaded petrol, plus Value Added Tax (19%) on the fuel<br>
> itself and the Fuel Tax. With the maths above, Germans pay 8.22 USD for a US<br>
> Gallon of gas, of which 3.84 is a fuel tax. With out all of the taxes, I<br>
> think that it is basically the same cost.<br>
><br>
> Just my two pence.<br>
><br>
> 2008/5/13 Emerson, Tom (*IC) <<a href="mailto:Tom.Emerson@wbconsultant.com">Tom.Emerson@wbconsultant.com</a>>:<br>
><br>
><br>
> > > -----Original Message----- Of Chris Louden<br>
> > > On Mon, May 12, 2008 at 8:24 PM, Tom Emerson<br>
> > > <<a href="mailto:osnut@pacbell.net">osnut@pacbell.net</a>> wrote:<br>
> > > ><br>
> > > > the price of gasoline -- 1.40+ EURO per LITRE -- at the<br>
> > > exchange rate<br>
> > > > we got (something slightly worse than $1.60 per euro), this<br>
> > > works out<br>
> > > > to about $9/gallon ...<br>
> > ><br>
> > > So basically you are confirming that the price of gas really<br>
> > > isn't high, but that the US dollar has lost its value.<br>
> > > ><br>
> ><br>
> > A little of both -- if the dollar and Euro were on par at 1:1, this<br>
> > still works out to $6/gallon. I'm not sure, but I think I heard my<br>
> > friend say that the taxes on gasoline worked out to nearly 80 (euro)<br>
> > cents per litre (i.e., 3.20/gallon)<br>
> ><br>
> > Tom<br>
> ><br>
><br>
><br>
><br>
><br>
</div></div></blockquote></div><br><br clear="all"><br>-- <br>Werf <a href="http://dict.tu-chemnitz.de">dict.tu-chemnitz.de</a> ein bis Sie ein Deutsch-Russisch Wörterbuch haben! Danke!