Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Monday, October 29, 2012

Gasoline Prices



It just doesn't seem we give much credit to these things.

What I mean is – I see the difficulties I face each day, but I may not notice with clarity what difficulties other people are facing.

Its a common enough problem. It's almost a form of myopia. I can only clearly see what is right in front of me. I can only truly focus on the events of my life.

Gasoline Prices

$7.55 per gallon in Israel – we pay 7.75 Shekel for a Liter of 95 octane gas. Since the exchange rate now has the Shekel worth a little more than a Quarter ($0.257307), that means the Liter of gas costs $1.99 (+ another half penny in decimals). Since a Liter is a little bigger than a Quart (exactly 0.26417205236 Gallon), the US equivalent of what we pay for gasoline is $7.55 per gallon. We have been paying nearly $8 a gallon since we came here 4.5 years ago. We're pretty jealous of the price you pay.