The price at the pumps in Israel is increasing again, this time on Tuesday night (to Wednesday morning) January 31, 2012. The price hike, 23 agorot, will bring a liter of 95 octane gasoline to 7.46 NIS. This is the equivalent of $7.95 per US gallon, based on the Monday morning, January 30, 2012 exchange rate of $1/3.75. The price is for self-service.
The latest hike is being attributed to the increase cost of oil on the world market, based in a big way on the recent European Union embargo on Iranian oil. Last week the EU announced a ban on all oil imports from Iran, as was reported by YWN-ISRAEL.
According to a report in the daily HaMevaser, the surcharge for full service pumps will remain at 21 agorot a liter, so a liter of 95 octane at the full service pump will cost 7.67 NIS.
(YWN – Israel Desk, Jerusalem)
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6 Responses
Makes me so happy that B”H our bus service is great and I don’t need a car!
Given that Israel has a very limited oil supply, and a comprehensive public transportation system, it does seem reasonable. The United States keeps gas cheap since we lack public transportation outside of urban areas, and the US is a much larger in terms of land area, and lower in population density, than Israel or Europe – plus the USA gets most of its gas domestically or from friendly neighbors, and actually is a net exporter of carbon-based fuels.
7.46/3.75=7.95
My mistake – liters gallons .
Thanks YWN for pouring salt in the wound!
akuperma you make absolutely no sense as usual!
Ma KESHER???
Rabbosai, Better Place is coming just in time. Within a few months we will have an electric car option with no limits on range, charging and battery switching stations all over the country. The electric charges are cheaper than gas, the cars are competitively priced AND they happen to be better for our air quality.