Monday, December 31, 2012

Global Gouging: A Survey of Fuel Prices Around the World

Global Gouging: A Survey of Fuel Prices Around the World:
Global Gouging: A Survey of Fuel Prices Around the World
Click to enlarge.
From the January 2013 issue of CAR and DRIVER magazine
In spite of increasing domestic oil production, four-dollar-per-gallon gasoline remains an on-again/off-again reality in the United States. That’s because oil and gas are global commodities, and the U.S. market isn’t as insular as we might like. The prices we pay, however, still stand out as cheap. Most of our global neighbors see fuel prices at the pump so high that even the most bumptious Texas oilman would blush. We’ve assembled the costs of a gallon of the most popular juice in every country we could—be it leaded crud in Ghana, sugar-derived ethanol in Brazil, or near avgas in Bahrain—based on the most recent data available. Check out some of the pricing highs and lows on the dimensional map above. And no, the price in Venezuela isn’t a typo—but we’d still rather empty our wallets at the pump here than live under Ch├ívez over there.


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