Gas prices around the world
Think you pay a lot for gas? Perhaps you'd prefer to live in Venezuela.
Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. A few countries, like Venezuela have prices that are far lower.
The main driver of price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.
[source: http://money.cnn.com/pf/features/lists/global_gasprices/price.html]
Think you pay a lot for gas? Perhaps you'd prefer to live in Venezuela.
Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. A few countries, like Venezuela have prices that are far lower.
The main driver of price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.
[source: http://money.cnn.com/pf/features/lists/global_gasprices/price.html]
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