Swedish gas prices continues to climb to new record heights
The major gas companies in Sweden have raised the price for gasoline to new record heights. One gallon of gasoline (4 litres) will now cost you $8,48 (around 52 Swedish Kronor).
The increase in fuel costs can not be blamed on higher gas taxes, like some political parties in Sweden have discussed to introduce. Experts say the fuel costs are rising because of increasing global demand and because the stock market have started to invest more money in natural resources like oil and food.
The fuel costs are expected to continue to rise and reach new record heights during the summer.
Ulf Svahn, from the Swedish petroleum institute (SPI), don’t think that the current expenses will encourage people to use the car less, saying that the expenses are still too small to make a difference.
Image credit: PÃ¥l Berge. Image licensed under a Attribution license.
May 10th, 2008 at 12:25 am
[...] Blog reported earlier this week that the Swedish gas prices continue to climb to new record heights. One gallon of gasoline (4 litres) will now cost you $8,48 (around 52 Swedish Kronor) in [...]
May 30th, 2008 at 8:28 pm
[...] Imagine for a second that oil prices in the USA today were at the same levels as those in Europe, and have been from the start. And yes. That means gasoline for $8 per gallon. [...]