Pages

Monday, April 18, 2011

Gas at $4 a gallon

The CNBC media commentators talk about gas (petrol) at $4 a gallon to be a psychological barrier.  Beyond that price, the consumers will reduce the consumption of gas. What is the petrol price in Singapore now, and how much is it converted to US$ per gallon? I believe that our petrol prices must have exceeded the US prices by a lot!

UPDATE
I did my research. Petrol price is $2.12 p litre (95 UL). 1 US gallon = 3.785 litre. USD = 1.247 SGD. So, the petrol price in Singapore is USD 6.43 per gallon - over 50% higher than the "critical price" in US. Singaporeans do pay high price!

0 comments:

Post a Comment