Petrol Prices

At $4.29 per gallon on average, Americans are still paying less for petrol than many people.

Australians and Canadians, according to website Global Petrol Prices,  are paying between $5.47 and $5.91 for a gallon.

Europe has some of the highest gasoline prices in the world. Most of Western Europe was paying upwards of $7.00 for a gallon of  petrol as of March 23, with some of the highest prices being charged in Norway, Denmark and the Netherlands.


Germany was the most expensive major European economy in terms of gas prices most recently, as a gallon was going for $9.07.


Norway is an outlier among oil producing countries as it taxes gasoline at a premium.

Other oil producers have gone the opposite route, offering petrol to its citizens for less than the price of bottled water.

The most drastic examples for this are Venezuela, Libya and Iran itself, where petrol only costs a couple of cents per gallon.

The most expensive gallon of petrol included in the ranking, however, was being sold in Hong Kong at $15.37, which would typically cause filling up even a small car to break the $100 barrier.

Eastern Asia was the priciest part of the world for gas petrol after Europe, with prices high in China, South Korea, the Philippines, Cambodia, Laos and Thailand – all of which are major oil consumers, but not producers.

Deep pockets are also needed in a few countries where weak government or trade structures have led to a hike in prices, like in the Central African Republic, Zimbabwe and Malawi.

World regions with cheap gas prices included North Africa and the Middle East as well as in Central Asia and Russia. In Algeria, for example, gas costs only around $1.34 per gallon, while in Russia, the price was approximately $3.16.

David Manners

David Manners

David Manners has more than forty-years experience writing about the electronics industry, its major trends and leading players. As well as writing business, components and research news, he is the author of the site's most popular blog, Mannerisms. This features series of posts such as Fables, Markets, Shenanigans, and Memory Lanes, across a wide range of topics.

Comments

4 comments

  1. It’s simpler way of saying 3.785 Litres, Tim

  2. What’s a gallon?

  3. But Americans own on average, much less efficient vehicles. And very regularly travel long distances too.

    • Jamo, US Fuel has the Octane level of water (not really but you get where this is going), so to generate the same power as 1litre capacity western European engine with a compression ration of ~10.5:1 running on 95 RON, in USA using 87 AKI (~ 91 RON) with reduced compression ratio of 9.5:1 (or lower) to cope with the lower octane fuel, they end up requiring a capacity 25% or more over the European engine. Scaled up, USA engines sound lazy and give the impression of the only suitable for long distance driving.

      When living on Continental Europe, bigger distances are driven, usually only limited by change of local language, and higher price of fuel.

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