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.85 per litre here.
that translates to aproxx US$3.67 per (US) gal!
OUCH! That hurts just hearing it.
.85 per litre here.
that translates to aproxx US$3.67 per (US) gal!
~edit~
My bad I converted the $ the wrong way the actual price is aprox us$2.89.
You are correct. But there's a little more to it. Although we haven't built any new refineries in decades, we have expanded the capabilities of those we have in service. Unfortunately, they can only meet 95% of our demands. That doesn't sound that bad but it actually is. I can't explain it well enough so let me see if I can find something on the web to point to for further info. (I'll post again when I find something.)In part, you can thank the wacky enviros for high gas prices. They have campaigned vigorously so that no new refineries have been built in the US in the last 30 or 40 years, that I know of.
This is why we hear so much about refinery maintenance and breakdowns as a partial reason gas prices are so high. When the newest refineries are now 30 to 40 years old, this is what you get.