UK and US Prices Compared
In a few short weeks I’m off to Atlanta in the U.S. on a business trip. I haven’t been to the United States for some years so I’m hoping that I might be able to pick up a bargain or two while I’m away.
The British pound is not as strong as it used to be against the dollar with today’s exchange rate around $1.52 for one pound. Nevertheless it still looks like I’ll be able to grab a few bargains while I’m stateside.
Games consoles are high on my list of priorities (according to my children). The Xbox 360 is currently priced at around £148.49 in British stores, which is equivalent to approximately $226. The same games console can currently be purchased for about $199.99 in the U.S.
A similar difference in price exists for the Nintendo Wii. In the U.K. this sought after console will cost £198.49 which equates to about $303. In the U.S. this unit will cost about $249. The Sony Playstation 3 costs £308.49 or $470.66. One of these excellent games consoles will cost around $399.99.
Significant price difference between the U.K. and the U.S. can be seen across a whole host of products. Take petrol, or gasoline, for example. In the U.S. a gallon of regular petrol will currently cost approximately $1.35. In the U.K. , currently, one litre of petrol costs in the region of 89p. This equates to about £3.36 per gallon, or a massive $5.13. A massive difference compared with what the Americans are paying for their petrol, or gasoline.
When I fly over to Atlanta, in a few weeks time, I’m planning to leave my car at Heathrow so that I can drive home on my return. I’m therefore shopping around for the best pre-booked heathrow airport parking price. These charges currently range from £48 to £161 for a 1 week stay. This equates to $73.23 to $245.
Looking at the prices for parking at Atlanta airport I see that these range from about $41 to $62. An enormous difference when compared with the same service here in the U.K.
So, while there are some modest but significant differences in the prices of various games consoles there are many other products and services that are much cheaper in the U.S. So why do the Americans have it so good?
Always use a comparison service to get the best pre-booked price for UK Airport Parking.
Oil And Gas Proved To Be Good Investment
With each passing day, there are more and more people, and businesses as well, that are reeling from the impact of today’s high gas prices. Many are taking measures to reduce their use and reliance on gasoline in an attempt to make ends meet and maintain their lifestyles. While many are struggling, there are also those on the “flip side” of the coin who had the wisdom, or the luck, to make some investments in oil and are actually in great financial shape because they did so.
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While this can sound rather heartless to those who feel they are being gouged every time they drive away from the gas station, the reality of business in a free market economy is that there are always winners in the game, as long as there are consumers who are still interested in the product or commodity. In this instance, oil and gas are the commodities, and they are still very much in demand. Those who had the foresight to invest in this area are finding that their investments are paying off handsomely and global warming causes are the last thing on these folks minds!
One of the main keys to enjoying an appreciation of assets over time is to wisely invest in areas where there is both significant market growth as well as price appreciation. Certainly, oil and gasoline qualify on both those counts, especially in the United States, where people have become more dependent on their vehicles that just about any other nation on the globe.
The fact is that approximately 98% of the economy of the US is related in some way, shape or form to the use of crude oil, and the resulting products that are made from it. Not only are these fossil fuel petrochemical products used in powering personal and commercial vehicles, in powering all kinds of industrial machinery, in heating and cooling homes, offices and factories, but they are also used in a vast assortment of products that are an integral part of daily life.
From the plastic bags used in packaging and storage, to plastic bottles used for the extensive range of beverages that Americans consume, to fertilizers that help propagate fields of food crops, oil and its many by-products simply touch virtually every person in some way on a daily basis. These examples are just a tiny fraction of the amazing array of ways that crude oil derivatives are used, which points to the ongoing demand for such products.
The demand for gasoline in the Western world is expected to continue to be strong, primarily because it is such a fundamental part of the fabric of life. As a result, investing in oil and the various by-products that are derived from crude oil will continue to be profitable. Even in the event that gas prices drive down overall gas consumption, it is expected that there will always be a strong demand for the other products that are petroleum-based. These facts mean that there are plenty of positive reasons for oil investments and very little risk.
There is not too many places you can go to in the world today and not hear a discussion on the gasoline crisis that grips everyone. Gas prices are in a constant state of flux. People are spending more and more of their paychecks on filling the tank of their vehicle. There is not much you can do about the price of gas but there are ways you can change your life so that gas prices do not have such a stranglehold on your budget. By learning all you can about saving gas and alternative fuels you will be doing a great part.
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