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Tricky, that's the price a litre in Australia. There are 4 litres in a gallon, which means we pay $4.60 a gallon.
Using corn to produce ethanol has a downside, as it reduces the amount of arable land available for food production, driving up food prices. It's not just the corn price, but all the other crops that might have been grown and all the animals (meat) that are fed corn.
I have personally been adjusting my fuel usage patterns over the last couple of years as I live in a country area and we pay around $5.00 a gallon Aus. for petrol.
So I drive less and walk more. I don't drive unless I really have to, either to get to work some miles away or to visit family, some hundreds of miles away.
We are at peak oil, so get used to fuel prices continuing to rise.
Last edited by Rodri; 10-18-2009 at 03:48 AM.
Reason: Because I made a stupid blunder
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