The pic above shows what I paid for gas today. The dollar is bouncing around. The graph below shows the movement in the past year of the dollar against the Euro. For comparison, the cost of gas (petrol) in my area is the equivalent of .40Euro per liter and that includes taxes! I don't know why is the price dropping, but I've read it's because of the worldwide slowdown that is decreasing the demand for crude.
I suspect that airline ticket prices will also continue to drop. I looked at prices for a round trip in August from Heathrow to Portland and back as if I was a Brit going to attend the Gorge Worlds. Base price is as low as $900 on American Airlines. I haven't looked at the Virgin site, but would if I were going to try to fly with a boat!
3 comments:
I filled up tonight and for the first time in a very long while it was under £1 per litre..
Petrol in Sydney has dropped from $1.55/l to $1.20/l in the past week. Good signs but also our $ has dropped from $US0.95 to $US0.65 in the past month so everything else is going up.
our dollar is so low anyway it can't drop any further...
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