Gas prices from around the world

May 29, 2008,AuthorRoy (CategoryCar and Driving)

In view of the soaring gas pricenew window (with the USA average nearing $4 a gallon) and its impact on the Memorial day travelnew window, it is interesting that people are facing much harder timesnew window in Europe, where the fuel price in many countries has already exceeded $8 a gallon!

A major reason for this disparity is that many European countries put a much higher fuel taxnew window burden on the motorists, including the so-called “value-added tax” (or VAT). For example, while federal and state taxes make up only about 11% of the gas price in USA, in France and UK this tax accounts for about 70%.

I decided to look up the current gas prices in some of the major countries around the world, and here is the list (data are taken from herenew window).

Country Price/Gal (in US$) Date reported
Australia $5.60 2008-05-27
Belgium $8.44 2008-05-12
Canada $5.19 2008-05-24
Denmark $9.31 2008-05-28
Finland $8.90 2008-05-28
France $8.06 2008-05-06
Germany $8.74 2008-05-28
Hong Kong $7.56 2008-04-12
Iran $0.42 2007-05-05
Israel $7.23 2008-05-01
Italy $8.78 2008-05-18
Japan $5.83 2008-05-12
Mexico $2.35 2007-05-05
Netherlands $9.35 2008-05-25
Norway $10.03 2008-05-24
Portugal $8.90 2008-05-28
Russia $3.79 2008-05-07
Saudi Arabia $0.45 2007-05-16
Singapore $6.06 2008-05-22
Spain $7.34 2008-05-27
Sweden $8.71 2008-05-22
Turkey $10.14 2008-04-22
UK $8.56 2008-05-22
USA $3.93 2008-05-25
Venezuela $0.19 2008-01-12

After seeing some of the entries in this list, I feel lucky to be driving in America!

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