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May 24, 2010 A Coffee Break With... No Comments

European Petrol(Gas) Prices keep on climbing

The latest European figures for average petrol (gas) prices for various countries are now out for May 2010.

International Petrol Prices : May 2010
Surveyed in May
Country
Unleaded (Litre-Euro)
Unleaded (gallon – USD)**
Germany
1.43
6.77
Greece
1.45
6.89
Italy
1.39
6.60
Spain
1.18
5.61
France
1.40
6.65
UK
1.43
6.78
USA*
0.62
2.94
Norway
1.69
8.03

But thank goodness the exchange rate has come down a little between the Euro and USD. At its height of around 1.55 USD to the Euro, Italians were paying over 8 USD a gallon.

These prices, and the extent to which the are rising, is causing significant inflationary pressure on all goods and services – the impact of which is also discussed in the article on Apartment rental in Rome and what is happening to prices.

* 1 US Gallon = 3.8 Litres.

**Exchange rate calculated at 1 Euro = 1.25 USD

(Source, AA)

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