Petrol prices in the US

2013-07-17 16:00
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There is now a price difference of more than 40% between the local petrol price and that of the US, according to a Fin24 user.

He was responding to an article on Fin24 which stated that compared with other countries in the world, South African motorists are still better off.

Paul Giffen, an ex-South African now living in New Braunfels, Texas said when he left South Africa five years ago there was a 30% difference in price. This difference is now above 40%. (See calculation below)

He said in the US you can shop for better fuel prices, but have to put the fuel in yourself.

“I actually got a 10 cent discount off the gallon price (below) today as the fuel prices here in the US are not regulated.

“Buying at a Walmart grocery store fuel station with a loyalty card also gives discounts. This I did not account for in the calculation.”

$3.30 for regular equivalent to SA 93 - per gallon
$3.50 for premium - per gallon

Working with the regular price of $3.30 per gallon, R10.20 exchange rate for 1.00 US$ and 3.8 litre = 1 gallon, the Fin24 user pays $0.87 per litre price.

For regular grade petrol, he pays R8.88 per litre.

 - Fin24

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