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A Euro For Your Thoughts

September 17, 2020

This was written in 2014. The math has changed but today it still works out to $7.76 per gallon in U.S. dollars.😲

allenrizzi

A dozen or so years ago, most of Europe gave up their individual currencies in favor of the common Euro. With a stroke of the pen, gone were the Franc, Schilling, Lira, etc. A good thing? Not so fast!

Here in Italy, the introduction of the Euro literally doubled the price of everything overnight. A pizza used to be 10,000 Lira (about $5 US); it became 10 Euro (about $13.60 today).

The problem for would-be expatriates is best explained by a simple example. A liter of cheap gas costs 1.76 Euro. Multiply that by 3.78 (liters to gallons) and you get 6.65 Euro per gallon of gas. Ah yes, now you must apply that pesky exchange rate: today it is 1.36188. What you get in the end (literally) is $9.06 (yes, nine dollars and six cents) as a price per gallon of gas paid in U.S. dollars. Still feel like…

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One Comment
  1. Cheap gas gazole or diesel cost me 1.15 euro. Yes know the prices but we gain more…

    Liked by 1 person

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