Showing posts with label gas. Show all posts
Showing posts with label gas. Show all posts

Wednesday, June 10, 2009

The price of gas

Could someone please explain this to me:

Last year the oil cost 145 USD per barrel, and 1 USD was worth 6 SEK. One barrel cost 870 SEK.

Today the oil costs 70 USD per barrel, and 1 USD is worth 7,70 SEK. One barrel costs 539 SEK.

So why the hell is the gas price virtually the same (13 SEK/liter and increasing week by week versus an "all time high" of 14 SEK last year)? Yes, I know 0,4 SEK is contributed to an increase of the gas tax, but there's still a pretty big gap here, and God only knows what the gas price will look like once the oil reaches 145 again...