Originally Posted by Neeltje
Maybe, maybe not. Last I heard, diesel
was still at about $8.00/gal. in France
, a little cheaper in Spain & Italy, but nowhere near as cheap as it is here in the States.
The Euro was initially "designed" for a dollar equivalent of 1.10 per. or thereabouts. That it hit a high of over $1.56 was a total fluke, basically due to the American recession preempting the European one, but I wouldn't bank on seeing it drop to a buck any time soon.
We just got back from Italy, and fuel
was running about $6/gal. It never will be as cheap as in the states as the bulk of that is taxes
and the underlying oil
is roughly the same price
The Euro wasn't really "designed" to be equivalent. They started it at around 1.00 for simplicity but it was always allowed to float relative to the dollar.
Barring major world events
, I would be surprised if we don't hit parity in the next 2-3 months. How much below and for how long is more nebulous but I doubt we will be seeing 1.40 anything in the near future.
We are looking seriously at EU boats right now. Figure we can't lose. If the Euro stays low, cruising the EU is cheap. If the Euro does jump back up to 1.40 range, we should be able to sell in Euros at a profit.