Monday, June 23, 2008

ENOUGH whining from US consumers about pump prices, please




Gasoline prices in US$/(US)gallon terms around the world: we're looking at the US at US$4.06 at the pump, 30% lower than the simple average of the 67 countries listed at US$5.74. (Source.)

That ranks the US at the 22nd cheapest in the world, cheaper than every country in Asia barring Pakistan and most of the the O&G producers (Malaysia, China, Indonesia and Brunei) and every single country in Europe including the o&g producers such as the UK, at 58th, and Norway - at 66th only cheaper than dysfunctional outlier Sierra Leone.


Only 9 countries are priced within 10% of the average, while seven countries are still priced at under a buck a gallon - half to keep their populations happy, half just to p1ss off the Americans.

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