I thought that gas would hit $1.70 per L if the price of a barrel of oil
hit $140.00. A few years ago, it hit $142.00/barrel and gas hit exactly
$1.42/L. But now, oil is only $105.00/barrel and gas is projected to hit
$1.45/L by Wed!! At this pace, when oil again hits $142.00/barrel, gas
will be $1.96/L. It'll be cheaper to run on alcohol!!!
$1.96/L is $7.80/gallon U.S.
The price of a L of 94-octane premium is now $1.67/L or $6.65/gal.
- posted 9 years ago