The spike in gasoline prices has created consternation and political finger pointing in the U.S., but a look at prices paid in countries around the world shows what Americans pay for gas is actually right about in the middle.
The average price of a gallon of regular gasoline is $4.31 as of March 16, according to AAA, compared to $2.87 a year ago and $3.51 a month ago. According to data from GlobalPetrolPrices.com, an energy data tracking company, gas prices in the
Gasoline Prices Will Stay High
U.S. ranked 85th out of 170 countries it tracks, with the top spot being the least expensive (Venezuela) and 170 being the most expensive (Hong Kong). GlobalPetrolPrices updates its gasoline data weekly and has a different U.S. price, $4.69 a gallon as of March 14.
Have a look at how the U.S. compares with other countries, and then we’ll discuss what factors contribute to differences between nations.
Country Price as of March 14 in USD per gallon
Australia $5.38
Belgium $8.06
Benin $3.81
Brazil $4.94
Canada $5.94
China $5.14
Denmark $9.17
France $8.23
Finland $9.20
Germany $9.12
Greece $8.74
Hong Kong $10.90
Iceland $8.41
India $5.09
Ireland $7.95
Israel $8.38
Italy $9.08
Japan $5.50
Jordan $5.79
Kuwait $1.31
Madagascar $3.87
Malawi $5.40
Mexico $4.18
Mozambique $4.09
Netherlands $9.21
Norway $8.83
Pakistan $3.17
Poland $5.99
Qatar $2.18
Russia $1.63
Saudi Arabia $2.35
Sierra Leone $3.88
Singapore $8.28
Sweden $9.04
Turkey $4.81
Ukraine $4.57
United Kingdom $8.06
United States $4.69
Zimbabwe $8.15
Gas Prices Affected By Taxes, Oil Production
Nevin Valev, owner of GlobalPetrolPrices, says several factors influence the differences between countries, mainly whether countries produce oil and the amount of taxes they charge.
According to the Energy Information Administration, 56% of the price of gasoline in the U.S. goes toward paying for the oil, while 15% goes to taxes, 16% for distribution and marketing and 14% the cost of refining.
https://www.kiplinger.com/personal-f...ound-the-world
Also, try and lay off Fox, its crude pollution of the mind.
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