1 US gallon is equiv to 3.78 litres. (3.78 x 1.50 = 5.67) or $5.67 per gallon
hey sledge, how much of that price is the "tax"?
Last I checked, Fed taxes here are .57-.60 cents per gallon.
than there are state taxes which vary, like California.
The kicker is, there are oil deposits in this hemisphere, and the U.S, that rival the Mid East. All BHO has to do to lower the neurotic nature of the speculators and commodities mkts, is lift ALL moratoriums, and turn the folks loose to go get it.
If gas hits $5.00+/- here in the states, (which is what BHO wants), should make his re-election impossible. But he's a sly bastard. The Strategic Oil Reserves are 727,000,000 barrels. The U.S. averages 20,000,000 barrels a day.
(carry the one, subtract the rotation of the Earth, add a sunny day,.........about 34-36 days) than were dried up. We shouldn't even consider tapping any of it.