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Gasoline/Petrol Prices in U.S. vs. Europe and U.K.

4 posts in this topic

So, I was looking at gas prices here & in Europe; quite different prices.

Well, here it is: (All in total at bottom if you hate math)


Exchange rate of £1.00=$1.50 & €1.00=$1.14 on 1/22/15


First, let's look at America vs. Europe.  Where I live, gas/petrol currently runs ~$1.80 per U.S. gallon.

Let's convert to Pounds & Euros per litre:

Pounds first-

$1.80/£1.50 exchange= £1.20/U.S. Gallon

1.20/3.785 Liters per Gallon=~32 pence per litre


Now Euros-

$1.80/€1.14=~€1.579/U.S. Gallon

1.579/3.785=~€0.42 per liter of Gasoline/Petrol


Ok, now we will convert European prices to Dollars per U.S. Gallon:



Avg. £1.10 per litre/(2/3)=$1.65 per litre

1.65x3.785=$6.25 per Gallon!



Avg. €1.16 per litre/$0.88=$1.32 per litre

1.32x3.785=~$4.99 per gallon!


To sum it all up:




American gas/petrol is:


£0.32 per litre


€0.42 per litre



European gasoline averages:


In U.K.: $6.25 per gallon

In mainland Europe: $4.99 per gallon



Please correct me if my math was wrong.


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In Romania(Yes it is in Europe...if u know Dracula....) we pay 1.11€ (1.29$) for 1 L (0.2642 gallon right?) of gasoline/gas/benzine or what do u want to name it...


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The main reason for such high taxes, is because Europe has very little oil. In fact the only 'real' reserve we have is in the North Sea. However, in comparison to countries like Saudi Arabia and US, we have very little oil left (~5bill barrels, as opposed to thousands of billions, and hundreds of billions). This means that we import the majority of our boil from abroad.

P.S. the petroleum prices in the UK are at a 30 year low. Before Christmas, the average price per litre was roughly £1.60, or $240, or 2.14€!


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