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You think we've got it bad? Gas prices kick world motorists »

Posted by: STONERS 2 years, 6 months ago

Motorists around the world have been paying more for their gasoline over the past month as falling U.S. stocks of the motor fuel have helped to drive up global oil prices.

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  • Avg rating: (+0/-0 0)STONERS
    STONERS
    April 20, 2007, 1:12 p.m.

    According to figures released by Britain's Automobile Association (AA) on Wednesday, the cost of unleaded gasoline generally rose in March and this week the price hit $8.37 a gallon in the U.K, where a gallon is equivalent to 1.2 U.S. gallons.

    "Price pressure will continue to build until the middle of August, because this year we have started from a higher threshold and crude oil is under pressure because of instability," said Holloway.

    Drivers in the United States may wince over their seemingly high gasoline prices, but American retail fuel costs are positively inexpensive in light of what motorists elsewhere have to pay.

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