$4.67 Per Gallon In Japan (Score:0)
by mercedo on 2005.11.16 12:11 (#9336) User #2554 Info http://www.blogger.com/profile/11854854 Last Journal: 2005.10.19 20:56
When Katrina hit the USA, we had a report that USA was unable to produce enough oil to sustain their people's need only in their land because it hit many refinery plants especially located in the Gulf region.
US government asked us to export part of oil stored off the coast mainly for the preparation of emergency energy crisis in Japan. Japan is one of the strongest allies of USA, of course our government agreed to help them. I am not sure whether Japan really exported out of its stored oil. All amount of stored oil is for 210 days of all domestic consumption in Japan, I mean it's less than one year.
According to the article, not $1.75 but $2.57 per gallon in California. Here in Japan also creeping inflation of the price of oil is in progress, it's $1.23 per littre, that is $4.67 per gallon (1 gallon is approximately 3.8L)--
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