Here in the UK our local garage is charging £1.27 per ltr which equates to approx $3.70 per gallon based on an exchange rate of $1.55 to the GBP.
I am not sure who said that gas was going ot be 4 bucks by summer but some of our stations are already at 3.95 to 3.98. Gas will be well over 4 buckds a gallon everywhere by easter at this rate.
Its $1.55 USD to 1 GPD!
So, $1.55 * £1.27 * 3.79 (liters per gallon) = $7.46 USD per gallon!! Gas is VERY expensive in the UK.
We are actually expecting $5.00 by christmas!![]()