Again, China and India are using alot of oil as us does, supply of oil (supply is usage of oil) in China and India has been increased in greater number since after 2000's, in prior to 2000's, they really don't need oil to tune up their life, now, they need it for increase of transportation, factories and others.
Oil price has went skyrocketing due demand and supply issue, Saudi Arabia hadn't increase the production of oil from 1981 until June 2008, after that, they are increasing the production right now, wartime isn't cause an majority (larger than 50%) on skyrocket of oil price, demand/supply issue is one of majority that cause.
Iowa seems to average about $3.66 today.
Again, China and India are using alot of oil as us does, supply of oil (supply is usage of oil) in China and India has been increased in greater number since after 2000's, in prior to 2000's, they really don't need oil to tune up their life, now, they need it for increase of transportation, factories and others.
Oil price has went skyrocketing due demand and supply issue, Saudi Arabia hadn't increase the production of oil from 1981 until June 2008, after that, they are increasing the production right now, wartime isn't cause an majority (larger than 50%) on skyrocket of oil price, demand/supply issue is one of majority that cause.
$1.47 AUD per litre is $1.37 USD
1 gallon = 3.79 liters
$1.37 x 3.79 liters = $5.19 per gallon.
It would be nice if gas prices go down further more.
$3.36 at the lowest here today.
Lucky u!!! It is 3.53...
I will jump for joy when it goes under $3!!!
I'm older. I might just hop a little bit.:P