You think gas prices are bad here, Italians are paying $9.50/gal

[csv8]

You think gas prices are bad here, Italians are paying $9.50/gal

By Zach Bowman RSS feed

Posted Sep 6th 2012 8:28AM



Drivers in certain parts of Italy are currently shelling out a staggering $9.50 per gallon of gasoline, according to Bloomberg. The hefty fuel prices are largely the result of the European debt crisis. Italy has hiked fuel taxes in an attempt to get a handle on the country's public debt, which has the dubious honor of being the fourth-highest in the entire world. Of course, the jump in fuel costs has only hurt consumer spending in the country, sending Italy even farther into a recession that continues to damage Fiat earnings.

Fuel prices have increased by around 20 percent versus the same time period last year, and that jump has caused new car sales to slacken by 20 percent through the first seven months of 2012. Meanwhile, gasoline and diesel consumption has fallen by around 9.7 percent through June.

According to analysts, with gas at these prices the average Italian family is spending more on fuel than it is on food. Ouch.
http://www.autoblog.com/2012/09/06/y...aying-9-50-gal

[BlueBear]

Whilst that's bad, consider, we are paying approx $6.50 a gall here in QLD, ($1.45 Ltr).
Won't take much to get us to the same place really... another 50c a ltr and were there too.

[aussie muscle]

but it's not like some italians can't just hop across the border

[csv8]

Originally Posted by aussie muscle

but it's not like some italians can't just hop across the border

True !! in their Ferrari's, Lamborghini's , Maserati's etc...

[GCRXR6]

Originally Posted by BlueBear

Whilst that's bad, consider, we are paying approx $6.50 a gall here in QLD, ($1.45 Ltr).
Won't take much to get us to the same place really... another 50c a ltr and were there too.

Yeah Blue Bear .. $6.58 a gal ($1.45 x 4.54l/g) ... If it keeps going we'll be toping up at the Bundy Rum distillery.

[The Snout]

It's all that oil they put in their hair, drives the price up.

[mik]

world fuel prices, don`t know how accurate but might be of interest to number crunchers.
http://www.racv.com.au/wps/wcm/conne...b3de54a1b45993

[poppa smurf]

I paid $1.62 per litre here for "V" power.....'85 hi-ace needs the higher octane.....so it's getting up there

[GasoLane]

Originally Posted by csv8

You think gas prices are bad here, Italians are paying $9.50/gal

Bugger, I couldn't find any mention of LPG at all!

[outback_ute]

Originally Posted by GCRXR6

Yeah Blue Bear .. $6.58 a gal ($1.45 x 4.54l/g) ... If it keeps going we'll be toping up at the Bundy Rum distillery.

They are talking US gallons, so $1.45 x 3.78L is about $5.50 per US gallon. Or the Italians are paying $2.50 per litre - at least that is probably 95 RON.

[The Yeti]

whats this Gas you speak of, LPG cant cost $9:50pg

[kaniSS]

WOW poor Italians... ..When I was in Europe most countries were shelling out close to $3 a litre.

[new2ford]

I'm paying $1.50 per litre for diesel here in Czech Republic. Petrol is about the same, fractionally more. In Germany fuel is slightly higher than this, not much, about $1.60 I think, but I fill up in CZ to save. I find it hard to believe the Italians are paying that much more. Those in northern Italy must be going across the nearest border to save!

The majority of cars here seem to be diesel because diesel is cheaper with slightly better economy. One thing I'll miss hearing in Australia is the constant rattle of diesel engines everywhere. I thought they were supposed to be quiet nowadays!

[GCRXR6]

Originally Posted by outback_ute

They are talking US gallons, so $1.45 x 3.78L is about $5.50 per US gallon. Or the Italians are paying $2.50 per litre - at least that is probably 95 RON.

Woops .. ya correct. Didn't see the Bloomberg bit. Doesn't matter though ... still gettin' up there and lookin' good for Bundy Rum as a fuel.

[GT69]

The problem I have with fuel prices is that, unlike 'up the creek' countries. We have a strong dollar but still have no buying power? What happens when our dollar drops again? I suspect that's when the poor oil companies will go broke in this country? They're only saving grace will be to raise the prices......

Anyway, why is fuel up this week? Did someone fart near a refinery or something?

You just have to remember, price of barrel goes down, our prices go up because we are on the Asian exchange. Oil supply is threatened in the middle east, our prices go up because?....People seem to think all our oil comes out of Iraq.....

[midnightXR6]

Curerently paying £1.41 per litre or $2.17 to you for V-Power 100

When i had the ute over in Germany it was slightly higher at $2.30 for the V-Power 105 stuff.

[351hardtop]

In Italy, when we were there a few years ago you had to search for a station that sold "gas" (petrol) and it is a lot dearer than diesel. For a true comparison it'd be interesting to know what they're paying for diesel, 95% or more of cars on the road there use it, even all the Audis, Mercs, BMWs it was a real eye opener.

[csv8]

Petrol and Diesel prices in Euros at August 15th 2012
Country 95 octane unleaded petrol Diesel
Austria € 1.50 € 1.42
Belgium € 1.50 € 1.40
Czech Rep € 1.44 € 1.44
Denmark € 1.84 € 1.61
Denmark € 1.84 € 1.61
France € 1.60 € 1.40
Germany € 1.70 € 1.54
Hungary no info no info
Ireland € 1.59 € 1.48
Italy € 1.88 € 1.77
Latvia € 1.43 € 1.43
Luxembourg € 1.43 € 1.31
Netherlands € 1.72 € 1.40
Norway € 2.05 € 1.87
Poland € 1.40 € 1.43
Portugal € 1.60 € 1.40
Slovakia € 1.53 € 1.40
Slovenia € 1.51 € 1.39
Spain € 1.47 € 1.40
Sweden € 1.74 € 1.71
Switzerland € 1.60 € 1.60
UK € 1.66 € 1.71