In France, Drivers Face Gas Prices Of $8 A Gallon | WAMU 88.5 - American University Radio

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/.

WAMU 88.5

Local Theaters Put 'The Interview' On The Marquee

A handful of theaters nationwide decided to show Sony's "The Interview," and there were several in the D.C. area.

NPR

Why Bury Fig Trees? A Curious Tradition Preserves A Taste Of Italy

For generations, Italian-American fig growers in the Northeast have buried their trees in trenches for the winter. It's a tradition that preserves both flavor and ancestral ties to southern Italy.
NPR

Most Federal Workers Get Day After Christmas Off

Thanks to an executive order signed by President Obama, most federal workers are off on Friday. The cost for the extra day off is $660 million — for a day of payroll and holiday premium pay costs.
NPR

Sony Hack Highlights The Global Underground Market For Malware

The software used in the Sony data breach is available on the underground market. This makes it easier for criminals to execute an attack but harder to identify the perpetrators.

Leave a Comment

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