Tuesday, November 25, 2008

falling gas, crouching kronor

I've noticed at the pump in Sweden lately that the cost of gas has been dropping, following international trends. It's 10.24 sek (Swedish kronor) a liter at our local station where gas tends to be in the higher range vs. being cheaper a little closer to town. There are 3.79 liters in a gallon at a cost of 38.8 sek. At today's rate that is a bargain price at merely $4.90 a gallon. Woohoo! Good thing we don't have to use our car a lot.

Of course the kronor is falling which is not good, especially if you're converting money to a stronger currency. Right now there's a lot of second guessing when Sweden turned down accepting the euro a couple years ago. The people voted on it. It will be interesting to see what happens the next couple years with it, especially if the recession draws out.

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