The U. S. dollar value of gasoline: Currency crisis in Europe
The recent currency crisis in Europe puts the possibility of European economic union in further jeopardy after the Maastricht Treaty was not approved by the Netherlands earlier this Summer. The increased value of European currencies relative to the US dollar during the past Summer had little effect upon national currency gasoline prices. However, the recent currency devaluations in Italy, Spain, and Portugal, already struggling with weak economies, definitely reduce consumer buying power. Governments may use the high taxes imposed on gasoline as a buffer against higher prices, but still, consumers may buy less gasoline as their money doesn't go as far as it once did. This issue also presents the following: (1) the ED Refining Netback Data Series for the US Gulf and West Coasts, Rotterdam, and Singapore as of Sept. 25, 1992; and (2) the ED Refining Netback Data Series for countries of the Eastern Hemisphere, Sept. 1992 Edition.
- OSTI ID:
- 7151416
- Journal Information:
- Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 13:18; ISSN EDETD
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290201 -- Energy Planning & Policy-- Economics-- (1992-)
294000 -- Energy Planning & Policy-- Fossil Fuels
CARBONACEOUS MATERIALS
COAL
COMMON MARKET
DATA
DEMAND
DEVELOPED COUNTRIES
ENERGY DEMAND
ENERGY SOURCES
EUROPEAN COMMUNITIES
FLUIDS
FOREIGN EXCHANGE RATE
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GASOLINE
INFORMATION
INTERNATIONAL ORGANIZATIONS
LIQUID FUELS
MATERIALS
NATURAL GAS
NORTH AMERICA
NUMERICAL DATA
PETROLEUM PRODUCTS
PRICES
STATISTICAL DATA
TAXES
USA