The financial news magazine, Conde Nast Portfolio, recently ran an interesting article that listed the price of a gallon of gasoline from around the world. The magazine’s website features a cool interactive map of the countries’ price tags. The costs were converted from home currency to U.S. dollars and standardized to the gallon from liters. The vast disparages between countries is the result of government subsidies, taxes, proximity to oil refineries, and transportation costs.
Top 10 Countries With The Most Expensive Gas Prices:
1. $11.18 = Turkey (highest taxes in the world)
2. $9.95 Norway
3. $9.88 Zambia
4. $9.58 Eritrea (Africa)
5. $9.09 Italy
6. $8.85 Portugal
7. $8.69 Sweden
8. $8.68 Iceland
9. $8.41 Serbia
10. $8.52 Poland
Axis of Evil:
$1.44 = Iraq
$0.41 = Iran
$2.69 = North Korea
$0.12 = Venezuela
Top 10 Countries With The Cheapest Gas Prices:
1. $0.12 = Venezuela
2. $0.41 = Iran
3. $0.47 = Saudi Arabia
4. $0.50 = Libya (largest proven oil deposit in Africa)
5. $0.73 = Qutar
6. $0.76 = Turkmenistan (Drivers’ first 32 gallons each month are free)
7. $0.92 = Kuwait
8. $1.14 = Yemen
9. $1.18 = Oman
10. $1.24 = Egypt
As of June 2008
There are thirteen member countries of OPEC, the Organization of Petroleum Exporting Countries. They are: Algeria ($6.30), Angola ($2.02), Ecuador ($1.40), Indonesia ($2.45), Iran ($0.41), Iraq ($1.44), Kuwait ($0.92), Libya ($0.50), Nigeria ($2.23), Qatar ($0.73), Saudi Arabia ($0.47), United Arab Emirates ($2.34), and Venezuela ($0.12). They have an average gallon of gasoline price of $1.64.
Related posts:
- What Will $700 Billion Buy You Instead of Your Neighbors’ Mortgage Debt?
- Home Prices May Take Decades to Recover Their Recent Losses
- Buying Only American Goods Costs You Money – Buy The Best!
