Italian petrol prices rocket to a record EUR 1.30 per litre
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The price of petrol (gasoline) continues to rise in Italy. Today, a singlelitre (0.22 US gallons) of unleaded fuel (called green petrol in Italy) has reached EUR 1.295 (USD 5.98 per gallon; CAD 1.91 per litre; prices in Canada vary from CAD 1.03 to 1.31). There is constant speculation on the recent price rises, however much of this is the rise in oil prices which has reached USD 68.28 per barrel (1 barrel = 158.97 litres) of US crude. This has been helped by major market speculation, the war in Iraq, the recent hurricane in Louisiana (by stopp
The price of petrol (gasoline) continues to rise in Italy. Today, a singlelitre (0.22 US gallons) of unleaded fuel (called green petrol in Italy) has reached EUR 1.295 (USD 5.98 per gallon; CAD 1.91 per litre; prices in Canada vary from CAD 1.03 to 1.31).
There is constant speculation on the recent price rises, however much of this is the rise in oil prices which has reached USD 68.28 per barrel (1 barrel = 158.97 litres) of US crude. This has been helped by major market speculation, the war in Iraq, the recent hurricane in Louisiana (by stopping production in a major refinery) and the strengthening of the American dollar against the Euro.
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Licensed archive reporting by Wikinews contributors. Text: Public domain (https://en.wikinews.org/wiki/Wikinews:Copyright). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 31 Aug 2005, 05:30 am IST
