Lieut.-Colonel SPENDER CLAYasked the President of the Board of Trade what is the average price of petrol in London and New York, respectively, at the present time?
§ Sir A. GEDDESThe present wholesale prices of petrol in London are 2s. 8d. and 2s. 6d. per gallon for No. 1 and No, 3, respectively. The retail prices are 4d. per gallon higher. The wholesale price of gasolene (corresponding to petrol) in New York, as far as can be ascertained from immediately available sources, is 24½ cents per American gallon, equivalent, at the current rate of exchange, to about Is. 4d. per Imperial gallon. The retail price in New York is understood to be about 12 cents higher than the wholesale price—say, Is. 10d. per gallon.