A Look At Gas Prices Across The Globe
March 26th, 2012 1:33 PM Share
The Economist has put together the above chart showing global gas prices as of February 2012, as well as how fast they’ve risen in the past 12 months. Even with gas approaching $4 overall, we’re not doing too badly compared to the rest of the world.
While the French still have to cope with $10/gallon gasoline, their prices have increased the least, while Italians have seen fuel costs go up 18 percent. Italy ranks behind Norway and the Netherlands for the priciest fuel, while the US is still sitting at about $3.53 a gallon on average. Australia, land of the V8 super sedan, pays $5.82 a gallon. No wonder the Mazda3 has overthrown the Holden Commodore as Australia’s best selling car.
Published March 26th, 2012 1:33 PM
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16 of 41 comments
Ok, so here's a question for Derek. The Honda Civic has been the best-selling car in Canada for like a decade, Mazda 3 the #3. Yet we have the second-cheapest gas on that chart. How does that statistic affect your analysis of the situation with Australia?
Stupid chart of the year award goes to Derek Kreindler for this flagrant misrepresentation of prices. What is more relevant is the price Europeans pay for before and after taxes. You'd be surprised to learn that most European countries actually pay less per gallon than Americans do per gallon... before taxes are added.
I have quite a few relatives that live in Europe. Yes, many commute on a daily basis by car. There are two important differences: 1)The commutes tend on average to be shorter than American commutes. 2) The average European car is MUCH smaller than the average US car. I know people who work in Manhattan and drive everyday from the Poconos in Pennsylvania....in other words, they drive clear across the state of New Jersey every day to get to work...100+ miles. Such commutes are unheard of in Europe.
Here is something to think about: http://www.consumerenergyreport.com/2012/02/27/how-high-have-gas-prices-risen-over-the-years/ After reading this I understand that $4 gas is not so bad, also, much of high gas prices is in our heads, look at this. http://www.businessweek.com/articles/2012-03-02/gas-prices-is-the-pain-real