So at last the bow secret is out!!!!
One must not get confused between the Imperial gallon and the US gallon. The imperial gallon is more aloof, wears ermine, sneers at peasants and is bigger than the US gallon except of course in Texas.
About 85% of our fuel price in the UK (petrol or gasoline and diesel) is duty or tax (both are applied)
The cheapest current price for 4star is £ 1.159 and Diesel at £ 1.289 both per litre. These are from supermarket chains. The national average is about 2p higher and in some remote parts a lot higher.
US Gallon = 3.785 Lit
Imperial (original more substantial proper) Gallon = 4.546 Lit
Re the Cable price (GBPUSD or GU) which Rob thinks will deteriorate to 1.70 this is based upon two economies vying to fall the fastest. Were the US in better shape then there would be no question, the UK is going down the toilet with Gordon Brown seemingly smiling and pulling the handle at every opportunity. However the US must be in an equally perilous situation. A pound of feathers falls with the same acceleration as a pound of lead thus the ratio between the two is varied only by the coefficient of drag. If the US falls far enough the Cable rate will rise again. The US usually falls further faster so may well pass us (the UK) on the way down.
The European system of the ECB can never satisfy the greatly diverse economic requirements of all the different countries, so whatever Trichet does it will be a killer blow in several countries. There will always be economic turmoil in Europe because a CEB system simply cannot work. Suppose the US, Canada, Mexico, Panama etc etc all had the same interlocked basic bank rate. I've lost count how many countries in Europe now suffer the single rate I think it's eleven. Some here would add the UK to that list too. But the Brown government will fall soon hopefully, so we can have other idiots in charge.
My July of 2008 Monthly Investment Pick -
07-10-2008, 10:34 PM
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