NPR : News

Filed Under:

In France, Drivers Face Gas Prices Of $8 A Gallon

Prices for gasoline are hitting record highs in France, where a gallon now costs more than $8 in some areas. That's the word from Eleanor Beardsley, who filed a report for our Newscast unit:

"Prices are up because of problems with two of France's main oil suppliers. Nigeria is racked by civil unrest, and European Union sanctions bar France from importing oil from Iran."

"A lower euro has also raised the price of gasoline because crude oil prices are denominated in dollars."

"The head of Total, France's largest oil company, said he could not exclude prices going as high as 2 euros a liter — or more than $10 a gallon. Total says the only way to bring prices down is to find more sources of oil."

Prices of diesel fuel have stayed below prices for gasoline, according to Le Monde. A liter of premium unleaded (98 octane) goes for around 1.62 euros, on average, while a liter of diesel is currently at 1.41 euros.

With a presidential campaign under way in France, the issue of how much it takes to fill the tank is emerging as a political issue.

"Front-running socialist candidate Francois Hollande suggested a temporary freeze of pump prices," Eleanor notes, "but President Nicolas Sarkozy's party immediately shot down that idea, calling it passé."

If that sounds familiar to you, it should. As ABC News reports, here in the U.S., analysts are predicting high gas prices for American drivers this summer — more than $4 in many areas, from a current average of $3.52.

The last time we saw prices in the $4 range? That was in the summer of 2008, also a presidential election year.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Once Outlaws, Young Lords Find A Museum Home For Radical Roots

Inspired by the Black Panthers, the Young Lords were formed in New York City by a group of Puerto Rican youth in 1969. Their history is now on display in a new exhibition.
NPR

Europe's Taste For Caviar Is Putting Pressure On A Great Lakes Fish

Scientists say lake herring, a key fish in Lake Superior's food web, is suffering because of mild winters and Europe's appetite for roe. Some say the species may be at risk of "collapse."
WAMU 88.5

A Congressional Attempt To Speed The Development Of Lifesaving Treatments

Earlier this month, the House of Representatives passed the 21st Century Cures Act in a rare bi-partisan effort. The bill is meant to speed the development of lifesaving treatments, but critics warn it may also allow ineffective or even harmful drugs onto the market.

NPR

Politics Overshadows U.S. Tech Firms' Hopes For Entering Iran

With a young, well-educated population, Iran has the potential to be a boom market for tech. But sanctions and negative political implications for doing business there seem to limit prospects.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.