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 With average U.S. gas prices hovering at historic

highs, plenty of  Americans are anxious about the cost

of f illing up. Analysts blame the recent steady rise in

oil prices on unease about the Middle East and

anticipation of increased global demand as the world

economy continues to recover from the recession.

 According to AAA's Daily Fuel Gauge Report on

Tuesday, the nationwide average for self-serv e unleaded regular gasoline was $3.59 a

gallon. That's about 80 cents a gallon more than a year ago and 30 cents a gallon higher

than on the same day in 2008, when gasoline prices were rising toward their all-time

record high of $4.11 a gallon, which they hit four months later.

Despite the pain Americans are feeling at the pump, we still pay much less than the

Gas Prices Around the Globe: WhoFeels the Most -- and Least -- Pain atthe Pump

By David Schepp

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drivers in many other developed nations in the world. Canadians, for example, pay 

about a third more than U.S. consumers, even though Canada is the  biggest foreign

supplier of oil to the U.S.

 According to a survey this month of worldwide gasoline prices by  AIRINC, a Cambridge,

Mass.-based consulting firm, the price per gallon in Toronto averaged $4.96 for regular

grade fuel, while in New York City, prices at the pump averaged $3.82.

Even Canadian prices are bargains compared to those in several European nations, as

 well as some in Africa and Asia. Among the nations with the highest gas prices: Turkey ,

Eritrea and Norway. Residents of Istanbul pay the equivalent of $9.63 a gallon,

according to AIRINC's survey, while those in Eritrea's capital, Asmara, and Oslo aren't

far behind with per-gallon prices of $9.59 and $9.27, respectively.

Greece, Denmark, Sweden, Belgium, the United Kingdom and the Netherlands are also

among countries with some of the world's highest gasoline prices, with drivers paying atleast $8 a gallon.

In Libya, Low Prices (But High Risk) at the Pump

Still, it isn't likely that many U.S. consumers will take much solace in knowing that they 

spend far less on gasoline than their counterparts elsewhere.

"I doubt many Americans are concerned about what others are paying overseas or

outside of the United States," says AAA spokesman Troy Green. That's especially truefor those living paycheck to paycheck, or on fixed incomes, or who have been

unemployed long term, he says. "When you look at those three groups, it's really tough

on them right now."

Despite ample supplies of crude oil, prices have risen steadily since last summer. Civil

unrest in the Middle East is one reason some traders have been bidding up the price of 

oil. On Tuesday, crude prices remained above $104 a barrel in trading on the New York 

Mercantile Exchange.

 Yet while gas prices in the U.S. and many other countries continue to rise, prices in

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7/28/2019 Gas Prices Around the Globe_ Who Feels the Most -- And Least -- Pain at the Pump - DailyFinance

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Libya, which has been the scene of some of the region's bloodiest chaos recently, have

remained relatively stable at around 54 cents a gallon, according to AIRINC spokesman

Scott Sutton. Libya, like many of its fellow OPEC nations, has among of the lowest gas

prices in the world, thanks to government subsidies.

Sutton noted, however, that amid the current upheaval in their country, many Libyans

are too fearful to fill up for fear of being shot. Other countries where gas prices remain

at bargain-basement levels include Venezuela, Saudi Arabia, Turkmenistan, Bahrain,

Kuwait and Qatar. In cities in each of those countries, pump prices were well below $1 a

gallon, according to AIRINC's survey. In the Venezuela capital of Caracas, heavily 

subsidized gasoline was selling for a mere 6 cents a gallon.

 Whether gas prices in the U.S. will head lower or creep even higher in coming weeks in

advance of the summer driving season remains unknown. After prices hit record highs

in the summer of 2008, few analysts predicted that they would rapidly plummet to

their lowest levels in years - - but they fell to a national average of $1.62 a gallon on Dec.30, 2008, according to AAA.

"It's a foolhardy practice to try to predict long term what gasoline prices are going to be

 with a measure of accuracy," says the AAA's Green. "You just don't know."

Cities Worldwide with the Highest and Lowest Prices for Gasoline (March

2011)

1

2

3

4

5

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Higher Gas Costs in August Push Consumer Price Index Higher

U.S. GDP Grew at 1 .3% Rate in Second Quarter

Has US Economy Bottomed Out? Census Suggests Yes

Tagged: aaa, Africa, Asia, best gas prices, cheap gas, crude, daily fuel gauge report,

economy , energy , eritrea, Europe, fuel costs, gas prices, gasoline, libya, mideast unrest,Norway , oil, Oil Speculation,

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1237 Comments Filter by: Newest

December 19 2011 at 2:43 PM

sourdough12345

No mystery here. The united s tates bullies other countries and takes their 

resources including oil. Many of these weaker countries lis ted in the chart

above can't or won't do this, that is why their gas oline prices are so high. Not all

of it is taxes like the government says. The U.S. keeps gas prices low to sell

large gas guzzlers, to heck with the environment ... money is more important to

americans. If you are able, watch "Gashole" on LINK TV, this story expains

everything. NO NEWTS!!!

 April 20 2011 at 4:59 AM

lghtning50

well I see oil is ris ing again, jus t 1 day after it fell, and after bp posted a 5bill

profit for the 1st quarter, and still the obumble has done nothing

 April 18 2011 at 7:19 PM

barryalmo2

From 9 cents up to $9.64 per Gallon ???

Totally BIZARRE !!!

7/28/2019 Gas Prices Around the Globe_ Who Feels the Most -- And Least -- Pain at the Pump - DailyFinance

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7/11w w w .dailyfinance.com/2011/03/29/gas-prices-w orld-high-low -country-pain-pump/

 April 09 2011 at 2:11 PM

cindy

What we need to do is rein in these commodity "traitors" who take advantage of 

every little "crisis" to line their pockets with money from poor and m iddle class

citizens a ll over the world who have to drive to work and depend on gas oline

and dies el fuel to live productive lives. These people don't have to worry about

fuel prices because they walk to work from pen thouse apartments and have

everything delivered to them from bus iness es that are barely hanging on

because of the inflated prices that they cause! It's a dadgum sham e.

 April 01 2011 at 10:30 AM

fpfp040408

Breaking news from Nightly Business Report: ADP (payroll processing) just

announced 201,000 jobs added to the private sector. That makes an average

of 211,000 jobs per month for the last four months. LLC reports, “It’s

pretty clear employment has in fact accelerated.†And tarp loans are in the

black with $6 b illion profit; 99% of loans paid back. Manufacturing and exports

up for 19 months and unem ployment declining. Thank you President Obama!

Policies, legislation, and trade agreemen ts are working. **************** GOD

BLESS PRESIDENT OBAMA ***** **** OBAMA 2012 **** ***** A SURE THING !!

1 reply to fpfp040408's comment

May 24 2011 at 5:38 PM

TheBearAk

 Are you kidding? Jobs ALWAYS go up in the spring/summ er. Compare

unemployment rates from this year to last year to really get an idea.

There is a huge percentage of jobs that are seasonal. Just before Christmas

there is a hiring frenzy, followed by mass layoffs in January and February.

Then the hiring starts again for indus tries like construction, fishing, tourism,

etc, in April and May for the summ er seas on. I suppose all the jobs that the

natural disasters created are Obama's credit too?

fpfp040408

Breaking news from Nightly Business Report: ADP (payroll processing) just

announced 201,000 jobs added to the private sector. That makes an average

of 211,000 jobs per month for the last four months. LLC reports, “It’s

-2

7/28/2019 Gas Prices Around the Globe_ Who Feels the Most -- And Least -- Pain at the Pump - DailyFinance

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8/11w w w .dailyfinance.com/2011/03/29/gas-prices-w orld-high-low -country-pain-pump/

March 31 2011 at 6:26 PM

pretty clear employment has in fact accelerated.†And tarp loans are in the

black with $6 b illion profit; 99% of loans paid back. Manufacturing and exports

up for 19 months and unem ployment declining. Thank you President Obama!

Policies, legislation, and trade agreements are working.

See full article from DailyFinance: http://srph.it/hggM9J

March 31 2011 at 6:09 PM

fpfp040408

lghtning50 - I wish you good luck in Mexico working for GM . we need cheap

cars here in the USA. I need to buy 2 for my kids.

-3

3 replies to fpfp040408's comment

March 31 2011 at 6:05 PM

fpfp040408

POLL not pole - please google the words , do some basic research

-1

3 replies to fpfp040408's comment

March 31 2011 at 6:02 PM

fpfp040408

lghtning50 - all I hear is your crying and whining and lying ! If you are s o

unhappy here in America , then leave ! The USA is the greatest nation in the

world. There are plenty of countries where your commie, socialis tic beliefs will

be welcome ! LEAVE

-3

2 replies to fpfp040408's comment

lghtning50

whinning and crying and lying? geeez you don't even know the meani ng of the

words, and I am doing something about this once g reat nation, I am voting on

getting people out of office whose on ly thoughts and concerns are to ruin and

destroy this nation. People like the obum ble, biden, reid, pelosi , boxer,

 jackson, shum mer franks and other il k, you know, people that you adore andlove

-1

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March 31 2011 at 6:05 PM

March 31 2011 at 6:07 PM

fpfp040408

you are one of those malcontents , stirring up trouble, again leave - go to

another country - go to mexic0 and work for GM

-2

March 31 2011 at 5:58 PM

fpfp040408

lghtning50 = again please note the word is POLL - not pole. plus as I can see

how brilliant you are , where did you get your college degree from ?

PS / not a spell check issue , a basic education or lack thereof issue .

-2

1 reply to fpfp040408's comment

March 31 2011 at 6:01 PM

lghtning50

you are going to run 1 word into the ground, you are really desperate and it

shows you have the attention span o f a puppy, now go chase your tail

Load more comments

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