Chart: Why $4-Per-Gallon Gas Is Damn Cheap Chart: Why $4-Per-Gallon Gas Is Damn Cheap
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Chart: Why $4-Per-Gallon Gas Is Damn Cheap

by Ben Jervey Alan Boccadoro

March 23, 2011

All of the European data comes from the E.U.'s European Energy Portal website. U.S. and Canadian data come from the respective Automobile Associations.

Here are a few others countries that I thought were interesting, but for which I couldn't find official data. All of these numbers are self-reported within the past six months (unless otherwise noted) through the Gasoline-Germany website, a popular energy and petroleum forum.

  • Afghanistan: $8.04
  • Bolivia: $2.26
  • Brazil: $5.99
  • China: $4.47
  • Greenland: $7.14
  • Hong Kong: $7.67
  • India: $4.57 (for 91 octane, on July 14, 2010)
  • Iran: $1.47
  • Iraq: $1.44
  • Israel: $6.51 (on June 13, 2010)
  • Russia: $3.68
  • South Africa: $4.78
  • Venezuela: $2.62 (for 91 octane)

An odd trend seems to be that the most of countries that have gas prices under our own, are those same countries that so many politicians routinely cite as "evil" or "undemocratic."  Does Sarah Palin want our oil economy to be more like Iran and Venezuela?

From this recent chart in the Economist, you can see that the bulk of the premium costs in most European nations is due to higher taxes and duties on crude and gasoline. Many nations recognize oil as a finite resource, and are utilizing gasoline taxes to reduce oil imports, create a more efficient transportation system, and better prepare for longer-term oil price volatility.

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Chart: Why $4-Per-Gallon Gas Is Damn Cheap