Voices from Russia

Tuesday, 19 July 2011

19 July 2011. RIA-Novosti Infographics. Which Country has the Most Expensive Petrol?

Filed under: business,economy,EU,politics,Russian,the Ukraine,USA — 01varvara @ 00.00
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15 July 2011

RIA-Novosti

http://en.rian.ru/infographics/20110715/165209695.html

Editor’s Note:

The price listed is per litre, four litres equals 1.05 US gallon, so, to convert the above list to US measurements and prices, it roughly takes 3.8 litres to equal 1 US gallon. The currency conversion is as of 16.00 EDT 19 July 2011:

Average price of a litre of A95 petrol in Europe:

53.8 Roubles. 1.91 USD. 1.36 Euro. 1.19 UK Pound.

Roubles

USD

Euros

UK Pounds

Rank

1. Kazakhstan

22.3

0.79

0.56

0.49

78

2. Belarus

25.4

0.90

0.64

0.56

89

3. Russia

27.3

0.97

0.69

0.61

96

X. USA (Albany NY)

28.6

1.01

0.72

0.63

100

4. The Ukraine

36.2

1.29

0.92

0.80

127

5. Italy

60.2

2.14

1.52

1.33

211

6. Ireland

61.5

2.18

1.55

1.36

215

7. Portugal

61.9

2.20

1.56

1.37

217

8. Belgium

62.4

2.22

1.58

1.38

218

9. Finland

63.1

2.24

1.59

1.39

221

10. Denmark

63.9

2.27

1.61

1.41

224

11. The Netherlands

65.2

2.31

1.64

1.44

228

12. Greece

66.9

2.37

1.68

1.47

234

13. Great Britain

68.2

2.42

1.72

1.50

239

14. Norway

72.9

2.59

1.84

1.61

255

“Rank” is the percentage of the US base price

******

8.6 percent average price rise in Europe since December 2010:

Raw Change

Actual National Change vs. European Average Change

1. Kazakhstan

+14.8

172

2. Belarus

+38.9

453

3. Russia

+8.0

93

X. USA (Albany NY)

+20.0

233

4. The Ukraine

+27.2

317

5. Italy

+6.3

74

6. Ireland

+16.3

190

7. Portugal

+6.8

79

8. Belgium

+6.5

76

9. Finland

+6.6

77

10. Denmark

+5.8

68

11. The Netherlands

+3.8

45

12. Greece

+5.8

68

13. Great Britain

+4.9

57

14. Norway

+8.1

95

******

Countries Listed by Size of Increase in Price of a Litre of Petrol between December 2010 and June 2010:

Actual National Change vs. Average European Change

1. Belarus

453

2. The Ukraine         

317

X. USA (Albany NY)

233

3. Ireland

190

4. Kazakhstan

172

5. Norway

95

6. Russia

93

7. Portugal

79

8. Finland

77

9. Belgium

76

10. Italy

74

11. Denmark

68

12. Greece

68

13. Great Britain

57

14. The Netherlands

45

Note the US figure… it’s over twice the European average. In December 2010, in Albany NY, a US gallon of petrol cost 3.20 USD (0.85 USD/litre), in June 2011, it cost 3.82 USD (1.01 USD/litre), an increase of 20 percent over the earlier figure, which is higher than all European percentages of increase, save for the Ukraine and Belarus. That means that the increase is probably NOT due to “market factors”… it’s probably an even split between money-grubbing speculation on the futures market by reckless Five Percenter gamblers and shameless price gouging by the transnationals… which is smiled at by the US political duopoly (both the New GOP and Internationalist Democrats LOVE Big Oil). To be blunt, “market forces” can’t explain such a discrepancy away… the oil cartels own the US political duopoly as surely as the trusts “owned” most levels of US government at the time of TR… if it’s the same situation, it merits the same remedy. Who’ll have the courage to take on the transnationals? If we don’t, the coming crash will make our present fix seem childish. Most of the countries reporting higher-than-average price spikes had either currency instability or political problems (or, in the case of the USA, both). The US currency instability is completely due to New GOP attempts to sabotage an increase in the debt ceiling and their concurrent efforts to slash the tax rates of the Five Percenters still further (and rip down the social safety net to do so)… that is, it’s completely avoidable, and a grievous self-inflicted wound to the economy, as Nobel Prize laureate Joseph Stiglitz warned recently.

BMD

******

For my American readers, here’s a comparison using US Standard Units.

Average price of a US gallon of A95 petrol in Europe:

203.6 Roubles. 7.22 USD. 5.12 Euros. 4.48 UK Pounds

Roubles

USD

Euros

UK Pounds

1. Kazakhstan

84.4

2.99

2.12

1.86

2. Belarus

96.2

3.41

2.43

2.12

3. Russia

103.4

3.67

2.62

2.31

X. USA (Albany NY)

107.9

3.82

2.71

2.37

4. The Ukraine

137.2

4.89

3.49

3.03

5. Italy

227.9

8.10

5.76

5.04

6. Ireland

232.8

8.25

5.84

5.12

7. Portugal

234.3

8.30

5.88

5.15

8. Belgium

236.2

8.37

5.93

5.19

9. Finland

238.9

8.47

6.00

5.26

10. Denmark

241.9

8.57

6.07

5.32

11. The Netherlands

246.8

8.75

6.20

5.43

12. Greece

253.3

8.98

6.36

5.57

13. Great Britain

258.2

9.15

6.48

5.68

14. Norway

276.0

9.78

6.93

6.07

******

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