Cost of gas in America still relatively low compared to world
As the national average price of gas continues to hover around $4 per gallon, and our politicians continue their petty tire gauge politics over who can come up with a better proposal to lower those prices, we thought it would be interesting to take a look at how our cost of gas compares to other countries around the world. This NY Times chart, from a little over a month ago shows that we still pay substantially less per gallon than most other countries in the world. The source of the higher costs in other countries can generally be attributed to higher gas taxes in those nations. Many of the countries with cheaper gas, including China and Indonesia, substantially subsidize the cost of fuel.
Clicking on the above graphic will enlarge it.
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