PRICE OF GAS AROUND THE WORLD
Gas prices around the world
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Think you pay a lot for gas? Perhaps you'd prefer to live in Venezuela.
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NEW YORK (CNN/Money) – Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S.
The main factor in price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.
In a few Latin America and Middle-East nations, such as Venezuela and Saudi Arabia, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens, he said. All prices updated March, 2005. |
Prices are quoted in US dollars per gallon for regular unleaded. Prices
are from 2005 with the exception of St Louis, MO which is current as of
March 6, 2008
St. Louis, MO USA
$2.99
Oslo , Norway
$6.82
Hong Kong
$6.25
Brussels , Belgium
$6.16
London , UK
$5.96
Rome , Italy
$5.80
Tokyo , Japan
$5.25
Sao Paulo , Brazil
$4.42
New Delhi , India
$3.71
Sidney , Australia
$3.42
Johannesburg , South Africa
$3.39
Mexico City
$2.22
Buenos Aires , Argentina
$2.09
... YOU'RE GONNA LOVE THIS ....
Riyadh , Saudi Arabia
$0.91
Kuwait
$0.78
Caracas , Venezuela
$0.12
NOW, DOESN'T THAT JUST FROST YOUR PATOOTIE?!
