Exact(2)
The cost of petrol, about 30 cents per litre, is lower, in real terms, than it has been for decades.
According to analysis by the AA, out of the 124.22p average paid for a litre of petrol, about two-thirds is accounted for by a combination of Value Added Tax (VAT), at 20%, and fuel duty, at 57.95p.
Similar(58)
Alan Clarke, of Scotiabank, said inflation may have nudged up in July, but only to 0.1%, despite a fall in petrol prices of about 0.7% on the month.
In the summer of 2008 petrol was about 25% cheaper than in America.
Lower travel costs help: petrol costs about $1 less a gallon than it did last summer.
Petrol is about a quarter of the price it is in the UK.
Unleaded petrol costs about 130p a litre in the UK, with diesel costing 137p a litre.
Sitting in jams and breathing their 70s-standard emissions is a Tehrani pastime, and a cheap one too, with petrol at about 7p a litre.
It has been used to power cars since Ford's Model T and, blended into conventional petrol, constitutes about 10% of the fuel burned by America's vehicles today.
To put that in perspective, a fridge uses around 1,600 Wh a day, and petrol stores about of 13,000 Wh/kg – or more than 50 times the energy of even the best lithium-ion batteries.
The logic of irrational fear The tale of two Ryans Unguessable Going nowhere Fishy stuff at Elk Creek Partisan-in-chief Reprints Related items Transport in Washington state: Going nowhereJul 12th 2001The proposed tax rise, of nine cents a gallon (3.8 litres), would lift the price of a gallon of mid-grade petrol to about $1.60.
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