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Originally posted by cool 84
When I was in Greece last summer, the first time I went to a gas station, I thought gas prices weren't that bad at ~$2.30. Then I realized that was per liter. What was weird is they had 100 octane at nearly every gas station and it was just a few cents more than regualar.

The method they use to measure octane is different then what is used in the states, so the number will come out to be 98-100 octane. But it's not really.

When a friend of mine came to Europe for the first time he did the same thing. Saw 1.05 and said hey that's great. Until I explained to him that's liters and in Euro not dollar.
 
Originally posted by gn85
The method they use to measure octane is different then what is used in the states, so the number will come out to be 98-100 octane. But it's not really.

When a friend of mine came to Europe for the first time he did the same thing. Saw 1.05 and said hey that's great. Until I explained to him that's liters and in Euro not dollar.

The Euro sucks lol. The people I went with said the summer before, the dollar was worth much more. When I went with the Euro being the new money, I lost 7-12%. Still, I would love to go back for a couple months.
 
May 28, 2004

WASHINGTON – Consumers are facing higher prices at the gasoline pump because of a wave of oil industry mergers over the last decade reduced competition, according to a government study released yesterday.


The merger of Exxon and Mobil in 1999 – when the two companies were No. 1 and No. 2 in the industry – added up to 5 cents to the price of a gallon of gasoline sold by the combined company.

The General Accounting Office, an arm of Congress, looked at eight major oil industry mergers between 1994 and 2000 and found that six of them led to higher gasoline prices.

Some 2,600 mergers swept the oil industry since 1990, as firms sought to cut costs through economies of scale.

Refining capacity went from "moderately to highly concentrated" in the East Coast, and from "unconcentrated to moderately concentrated" on the West Coast, the GAO said.

The Midwest and Rocky Mountain regions saw minimal changes.

Overall, the GAO found a decrease in the amount of unbranded gasoline that is sold at lower prices because of a decline in the number of independent refineries.
 
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