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Unread 24-05-2006, 11:33
Jeff Waegelin's Avatar
Jeff Waegelin Jeff Waegelin is offline
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Re: Gas prices drop because of the BEAST (71)?

Quote:
Originally Posted by Tim Baird
Over here, we get teased with gas prices. One day it's $2.30, we get hit with hurricanes and it shoots to $3.50, then it drops back to $2.45, then it's back up to $3.00. You never know how much gas will cost!
One could make an argument, however, that selling gas in liters would make the price appear to be less volatile, however. Since a liter is ~1/4 of a gallon, a change of 4 cents in a gallon of gas would only be ~1 cent in a liter. Thus, while the change would be the same in total cost for a full tank, it would (falsely) appear to be less of a change in the per-unit cost.
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