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PRICE AT THE PUMP - AROUND THE WORLD

PRICE AT THE PUMP - AROUND THE WORLD

What would you pay for a gallon of gas around the world? As you can see below, the price ranges from almost triple the US average across most of Northern Europe (due to fossil-fuel taxes and emerging carbon-cap regulation) to small fractions of the US average in many heavy-production countries (due to government subsidies for its citizens).

Country Price per US gallon Percent of US average
Norway  $ 8.67 279%
Netherlands  $ 8.52 274%
Belgium  $ 8.36 270%
Germany  $ 8.06 260%
United Kingdom  $ 7.91 255%
Italy  $ 7.68 248%
France  $  7.46 240%
Spain  $ 7.34 237%
Poland  $  6.55 211%
Japan  $ 5.19 167%
Brazil**  $ 4.14 134%
United States  $ 3.10 100%
Russia  $ 3.03 98%
Kazakhstan  $  2.73 88%
Mexico*  $ 2.46 79%
China  $ 2.27 73%
Nigeria  $  2.23 72%
Saudi Arabia  $ 0.45 15%
Iran  $ 0.42 13%
Venezuela*  $ 0.11 4%

* All prices from November 2007, except Mexico and Venezuela in August 2007

** Brazil is 25% ethanol, so price adjusted downward to be comparable Source: Reuters, November 2007