The correct option is : $8.03/gal.
Explanation
In the spring of 2008, petrol cost £1.029 per liter in London and the exchange rate was $1 = £0.485
So, £1.029 = [tex]\frac{1.029}{0.485} dollar = 2.1216.... dollar[/tex]
Also, 1 gallon = 3.7854 liters
So, 1 liter = [tex]\frac{1}{3.7854} gallon= 0.2641.....gallon[/tex]
Now, £1.029 per liter = [tex]\frac{2.1216...}{0.2641...} dollars/gallon = 8.03 dollars/gallon[/tex]
Thus, the price of London petrol in dollars per gallon was $8.03/gal.