Chart Of The Day: A Look At Global Gas Prices

Derek Kreindler
by Derek Kreindler

From Zero Hedge, a look at global gas prices, with New York City as the benchmark. A look at the price of a liter of gas (multiply by 3.8 for the gallon equivalent) gives a better picture of the choices that people make around the world when it comes to buying cars.

While European countries are well known for having expensive gasoline (and subsidised diesel fuel, to boot), I didn’t realize that Australia, land of the V8 muscle car, was such an expensive place to fill one’s gas tank. No wonder the Aussie car market is shifting from the Falcadore to the Corolla and the Mazda3 – to say nothing of diesel, Thai-built trucks replacing V8 Utes.

Another oddity is Rio, where an ethanol-heavy energy strategy still yields little in the way of cheap gasoline. Perhaps Marcelo can shed some light on this?

Derek Kreindler
Derek Kreindler

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  • SaulTigh SaulTigh on May 16, 2014

    This is part of the reason I just bought a 2014 F150 with a 5.0 liter V8 and a 36 gal fuel tank. I think this is in many ways the quintessential "American" vehicle. Huge, with a V8. And I want to enjoy it before the America I grew up in goes straight into the globalization/overpopulation crapper. It helps that I live in an area that generally has some of the lowest fuel prices in the country. I've only put gas in it once since I bought it (and insisted the dealership fill it up). $3.23 a gallon (or $0.85 cents a liter). I feel even better about my choice after seeing that chart, and I've got a 2% cash back on gas credit card to boot.

    • Highdesertcat Highdesertcat on May 17, 2014

      SaulTigh, that is the exact same reason a long time friend of mine, and fellow Air Force retiree, gave for the purchase of his 2014 All-Black V-powered 4-door F150 4x4. He wanted to enjoy his first-ever new truck before America goes further to hell in a handbasket. The cost of gas wasn't even part of the decision process because a person who can't afford to put gas in his truck ought not to buy a truck.

  • Lou_BC Lou_BC on May 17, 2014

    @highdesertcat - yes and no. I agree that if someone cannot afford to run a truck or any vehicle for that matter, they shouldn't buy it BUT irregardless of the fact that I can afford it, forking out 180 dollars for a tank of gas has some bite to it.

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    • Highdesertcat Highdesertcat on May 17, 2014

      @highdesertcat Lou_BC, I know a man in his late sixties who wrapped up all his vices in one and bought a 2013 Raptor. Talk about addiction. Sometimes he just sits in the truck for hours, his wife told us. Funny part is watching him get his wife into the truck, using a stepstool and the running boards, and they go! Slower than molasses flowing uphill in the middle of winter, like he was driving a Prius (which is his wife's car.) The two of them recently went to Disneyland in Anaheim, CA, and he got a speeding ticket in the vicinity of Indio, on I-10. Now, you gotta understand why this ticket is simply not a credible possibility, and you would, if you knew the man. He hasn't gotten a speeding ticket EVER during his life because he drives like the old fogey he is. Always has. I hate when he drives me anywhere. In fact, his Garmin substantiated that he never exceeded 75mph during the entire trip to CA and back. So, the bright color of the truck must have stood out like a sore thumb and attracted the Highway Patrol like a magnet. Add to that the bright yellow out-of-state plates, and that spelled M-O-N-E-Y to the bankrupt state of California --- $370 all told. Sometimes the price of gas is not all a person has to worry about.

  • Lou_BC Lou_BC on May 18, 2014

    @highdesertcat - funny story (but not for your friend). Our provincial government passed a law that if you are 40kph (25 mph)over the speed limit means an automatic 7 day vehicle impound and fines. They also have a speed limit even on freeways of 100 kph (62.5 mph).

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    • Lou_BC Lou_BC on May 18, 2014

      @highdesertcat - we buy based on wants as opposed to need. Men tend to be bad for buying vehicles on emotion, kinda like some women with shoes or handbags. In BC the same thing has happened with speed enforcement and out of province drivers have been hit hard. A 7 day automatic impound hurts. It is done as part of a "speed kills" campaign but it is really a way to fill the coffers.

  • Jeff S Jeff S on May 18, 2014

    The price of fuel does not have as much of an effect on me as it did when I lived in the country and I commuted 70 miles a day round trip to work. Now I drive a couple of miles to the bus stop and I telework a couple of days a week. I have been combining my trips for years. My vehicles are not too bad on fuel but they are not the most fuel efficient. I went from putting 15k miles a year to 5k. I try to time my purchases around when gas is the cheapest but that is not always feasible. I can keep my vehicles longer and spend less on maintenance because I drive less than I have in the past but I realize that not everyone has that option. So yes I do gasp when I fill up an empty tank on my trucks but I don't really fill up that often. Since I am getting close to retirement I do want a more fuel efficient vehicle but then I want a certain type of vehicle that is more functional which is one reason we bought a new CRV last year. Crossovers are not the most efficient vehicle but it is a compact and it is more efficient than the larger alternatives and it is more functional. Buy what you can afford and what best meets your needs.