The Price of Gas Around the World {Gadling}

May 30th 2008 10:32PM I live in Brisbane, Australia and this last month the price of petrol has skyrocketed.

At the beginning of this year diesel fuel was at a stable price of around A$1.13 a litre... it used to be far cheaper than petrol, which was around A$1.30 a litre or so.

The price of diesel is now nearly $1.80 and the cheapest I have seen it anywhere is $1.69. In early may this year I record seeing diesel at $1.49, then the next week it was $1.58, then $1.69 and now $1.80. It is getting out of hand. Whats more is that Caltex has also actually fully ran out of diesel in some places, so it is going to jump further.

As for ordinary petrol, it has passed the $1.50 per litre mark and is heading towards $1.60 in the next month or so. People in the know are expecting it to have reached $2 a litre by the end of the year, and diesel like $2.20 or so.

We traded in our petrol guzzeling 4WD last year to get a diesel Mazda 6, and at the time we were saving heaps from using less petrol and also diesel being cheaper. Now it is costing us more now than it did then in petrol.

So if you think ordinary petrol is expensive, just take a look at how high diesel has jumped to.