Uk Price Of Petrol Compared With Us Price

[arjay]

I have just been talking to a friend in San Francisco and have been informed that the price of a US gallon of petrol is $3.20. (£2.52 using the exchange rate of £1 = $1.27)
Bearing in mind that there are 1.2 Imperial gallons to a US gallon and that there are 4.55 litres to an Imperial gallon, would you please check my calculations of the price of a UK gallon of petrol in US Dollars.
For the sake of comparison I am using the UK petrol price of 150p per litre.
A. 150p per litre is 150 x 4.55 = 682.5p per Imperial gallon.
B. 682.5p per Imperial gallon x 1.2 = 819p per US gallon.
C. £8.19 x 1.27 =$10.40 per US gallon.
D. I would greatly appreciate it if you would confirm that my
method of calculating the difference of
the price of petrol between the UK and USA is correct. I have used a calculator for the arithmetic. Thank you.

No wonder that they can drive around in cars with 5 litre engines!
But, what is the point of having all that power when they have a speed limit of 60MPH on their motorways.

[CrapAtCryptics]

Most of the stations around here are charging £1.30 a gallon although Sainsburys manages £1.21 so maybe the £1.50 you use as an example is a bit high.

[IJKLM]

At step B you need to divide by 1.2 rayher than multiply.

US gallons are smaller than Imperial ones.
A US (liquid) gallon is approximately 3.785 litres.
AN imperial gallon is 4.546 litres

[woofgang]

This has been pointed out many times before but you can't make cost of living judgements based on one item. To give an example that sticks in my memory, when we lived in New Jersey, wine was cheap but a bunch of supermarket flowers or a few flower bulbs or a potted plant were hugely expensive.

[Gromit]

https://www.statista.com/statistics/221368/gas-prices-around-the-world/

The US gallon costs half of a UK gallon. £130 per litre is the average UK price.

[woofgang]

130 per litre??????? I think you may have missed a decimal point out.

[arjay]

[New Judge]

"Most of the stations around here are charging £1.30 a gallon"

Tell me where! I'll be round immediately!

The prices in arjay's calculations amount (very quickly, done in my head) to around 67p per litre.

[arjay]

Thank you CrapatCryptics, IJKLM, woofgang and Gromit
for your helpful answers.
The problem is that , being 86 years old and being housebound with severe walking difficulties and not having driven a car for 20 years, I am completely out of touch with petrol prices.
I tried hard to find out petrol prices on the Internet at 7AM this morning without success so I resorted to phoning a couple of local petrol stations.
I asked for the price of a litre of petrol and was told
150p.
Unthinkingly, I then went ahead with the erroneous calculations.
Renewed for your helpful corrections.




this morning without success

[4candles]

Compare and contrast:
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel.
We're paying £2·63 per gallon fuel duty on petrol and diesel, then 20% VAT on the price and the duty!

[Zacs-Master]

There are always conversion websites:
https://www.convertunits.com/from/US+gallons/to/Imperial+gallon

[arjay]

Thank you 4candles and ZacsMaster for your additional interesting comments

[jno]

this should help you find the cheapest petrol locally

https://www.petrolprices.com/

I see it says the average price for unleaded is 130.4p, which is about right for my area. Supermarket petrol tends to be cheapest.

[jno]

also, US speed limits vary

https://en.wikipedia.org/wiki/Speed_limits_in_the_United_States

[ToraToraTora]

for UK comparison it's better to workl out how much the US pay per litre.....
1 US gallon = 3.79 litres
1 US gallon = $3.20
1 Litre = 3.2/3.79 = $0.84 per litre
0.84 / 1.27 = 66p per litre in the US compared to £1.30 ish so it’s about double.

[DTCwordfan]

Ask the respective governments about excise duties - and in the UK, they even have the nerve to tax a tax with VAT applied to the excise duty. The base price ex refinery is virtually the same - any delta in it would result in trading arbitrage across international markets.