It’s Time to get Used to 3$ per Gallon - October 22, 2007
American drivers should be ready to pay 3$ per gallon of Regular gas. There is no tendency for this price to go down. A barrel of crude oil costs about 90$ now and is expected to be 100$ soon enough. With such an expensive oil, seasonal waving of the price will not be noticeable, American economists say.
It’s a normal state of affairs when gas prices rise during summer periods and slightly fall in winter. This winter is not an exception but it would be naïve to think that the price will be lower than 3$.
However, some analytics believe that crude oil will sank 10-15% to 70-75$ per gallon. With all this, American drivers shouldn’t expect to see lower numbers on clapboard signs at filling stations.
It may be interesting for you to know the price of gasoline in other countries.
The lowest price in the world is set in Turkmenistan, one gallon of regular gas costs about 9 cents; Venezuela – 14 cents; Iran – 40 cents, Saudi Arabia – 72 cents; China – 3.13$; Russian Federation – 3.63$; Japan – 4.94$; Germany – 7$; Turkey – 8.5$.
Looking at these numbers I’m starting to believe that average American is well protected from gas overpayments in comparison with other countries, especially when average income is taken into consideration.
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