On Thu, 01 Sep 2005 18:54:21 +0200, Stig Arne Bye
wrote:

Stig Arne Bye wrote:

Today, gas prices in Norway made a jump to its highest price ever in
history, and where the price currently is approx. NOK 12.50 per litre
that equal approx. $7.70 per US gallon.....

The reason for this jump in gas prices is the current situation in the
Mexico Gulf area that severely has affected oil prices world wide, and
the longer the situation in the area continues, gas prices is expected
to become even higher.....


UPDATE:

Just saw the local TV news a few minutes ago:

Gas prices in Norway just made a second increase today, and has now
reached a new high record of approx. NOK 13.20 per litre, that is equal
to approx. $8.10 per US gallon.....

Now, where is this going to end.....???



Stig Arne Bye

Are fuel related taxes there by any chance related to the underlying
fuel price (i.e. a sales type tax or a VAT type tax)? If so, then any
increase in the base price of fuel is magnified by the tax causing a
rapid increase. Is your gov't going to drop their tax rates or are
they simply going to use the extra tax revenue to buy votes like ours
would?

Dave Hall