GAS PRICES AND THE GULF CRISIS

The United States is one of the few countries where gasoline prices have fallen back below the levels that prevailed before Iraq’s invasion of Kuwait last Aug. 2. That means that the chasm between gas prices in the United States and other industrialized countries has grown in the wake of the war. Figures are based on the least expensive gasoline available in each location; they vary because of both price changes in each nation and fluctuations in currency exchange rates. Prices in U.S. dollars

June Sept. Dec. Mar. Location 1990 1990 1990 1991 Atlanta $0.97 $1.14 $1.26 $ 0.96 Auckland 1.93 2.12 2.42 2.12 Bogota 0.69 0.56 0.53 0.68 Caracas 0.20 0.22 0.25 0.24 Dublin 3.45 4.15 4.17 3.90 Frankfurt 2.34 2.84 2.91 2.91 Hong Kong 3.08 3.43 3.42 3.28 Jerusalem N/A 2.60 2.74 2.66 Johannesburg 1.64 1.83 2.14 1.96 Kingston, Jamaica 1.46 1.46 1.60 1.54 London 2.58 3.25 3.11 2.96 Mexico City 0.79 0.77 0.91 0.90 Milan 4.11 4.73 4.86 4.75 New Delhi 2.37 2.31 2.53 2.43 Paris 3.46 4.24 4.02 3.85 Tokyo 3.57 3.76 4.45 4.27 Toronto 1.79 1.78 2.13 1.79 Washington 1.16 1.22 1.47 1.15

Source: Runzheimer International