Now for a Post from “Our Man in Paris”
Yesterday one liter cost €1.56 = $1.65 at today’s interbank rate, you get less than that when you change money. The €1.00 is worth $1.05 !
$1.65 x 3.7854 liter (1 gallon) = $6.24 a gallon !
$6.24 a gallon and that is cheap compared to a while back. Price of gas is going up fast and the € is going down even faster. It will be 1€ = $1 soon now.
The €€€ started in 2002 at the rate of $1.17 = 1.00€.
Worst rate was about $1.47 = 1.00€, bad exchange rate for Americans.
Now if it comes down to parity or $1 to 1€ it becomes very interesting for Americans traveling to Europe and good for Euro business to sell at a much cheaper price outside of Europe.
In Paris, people should do like I do. Walk a lot, take the bus or the metro and if you are not afraid of riding a bicycle in Paris (dangerous) or roller skate, you will do your body a lot of good and save money as well as participate in reducing pollution.
That’s it for today’s news in Paris, it is lovely and sunny and warm.