Gas prices from around the world
May 29, 2008,
Roy (
Car and Driving)
In view of the soaring gas price
(with the USA average nearing $4 a gallon) and its impact on the Memorial day travel, it is interesting that people are facing much harder times in Europe, where the fuel price in many countries has already exceeded $8 a gallon!
A major reason for this disparity is that many European countries put a much higher fuel tax burden on the motorists, including the so-called “value-added tax” (or VAT). For example, while federal and state taxes make up only about 11% of the gas price in USA, in France and UK this tax accounts for about 70%.
I decided to look up the current gas prices in some of the major countries around the world, and here is the list (data are taken from here).
| Country | Price/Gal (in US$) | 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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