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Gas Prices In U.S. Are Among Lowest In World, Report Finds

Huffington Post -- Gas prices may feel high in the U.S., but they are much higher in the rest of the world.

We have the 12th lowest gas prices on a list of 55 countries compiled by Bloomberg, cited by blogger Barry Ritholtz. Most other wealthy nations have significantly higher gas prices.

In the U.S., gas prices average $4.19 per gallon, according to Bloomberg. In contrast, gas prices are $5.75 per gallon in Canada, $6.75 per gallon in Australia, $8.84 per gallon in the United Kingdom, and $9.35 per gallon in Italy.

Gas prices are lower in the U.S. to a large extent because the U.S. subsidizes oil production and levies relatively low gas taxes. Other countries tax gas consumption more heavily, according to Bloomberg. Gas prices are highest in Norway at $9.69 per gallon, where ...

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Submitted May 16, 2012 By: aservant

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1006 Champion Author Birmingham Posts:1,105 Points:1,356,065 Joined:Apr 2008	Message Posted: May 26, 2012 3:18:59 PM Ignore 1006 Report Abuse competition in the free market.
1006 Champion Author Birmingham Posts:1,105 Points:1,356,065 Joined:Apr 2008	Message Posted: May 24, 2012 7:33:14 AM Ignore 1006 Report Abuse is this the next stand
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,053,245 Joined:Oct 2008	Message Posted: May 21, 2012 10:21:19 AM Ignore RapMassaG Report Abuse Honda $20/gallon for water? LOL I pay under $1/gallon for water. 24,16.9 oz. bottles for $2.50, every day. $2.50/3.16875 gallons = 78.9 cents/gallon. The small quantity argument doesn't hold either. You can't compare buying a single bottle of water, to filling up your gas tank. The 24-pack of water is a much better comparison, considering the average gas fill-up is 15-18 gallons. [Edited by: RapMassaG at 5/21/2012 10:23:03 AM EST]
calypso93 Champion Author Scranton Posts:11,208 Points:1,292,610 Joined:Mar 2004	Message Posted: May 21, 2012 7:02:54 AM Ignore calypso93 Report Abuse Ya can't just compare a single cost of living element from one country to another, and draw a valid overall conclusion.
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: May 20, 2012 8:23:34 AM Ignore honda0105 Report Abuse considering many Americans buy bottled water (slightly improved tab water) for about $20/gal (when buying in small bottles), it's amazing how some folks here still whine about the price of gasoline. Yet, the same ppl also buy the bottled water w/out blinking or complaining.
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: May 19, 2012 6:53:13 PM Ignore VomVom Report Abuse Government taxes make all the difference.
goldrose1 Champion Author Cleveland Posts:10,946 Points:1,926,555 Joined:Feb 2005	Message Posted: May 19, 2012 6:48:55 PM Ignore goldrose1 Report Abuse Someone has to lower than rest. Why not us?
1006 Champion Author Birmingham Posts:1,105 Points:1,356,065 Joined:Apr 2008	Message Posted: May 19, 2012 7:29:05 AM Ignore 1006 Report Abuse we can still complain . . . and look to capitalize on opportunity, innovation.
Garyallman Veteran Author Honolulu Posts:308 Points:6,705 Joined:Apr 2012	Message Posted: May 17, 2012 12:57:40 AM Ignore Garyallman Report Abuse Very interesting comparison, gasoline VS milk, gee, I guess if I had nothing to eat for days, I would probably choose the milk, gasoline is not very edible, Maybee I could trade the gasoline for some milk to a needy farmer! Maybee he could make more food if I gave him more gasoline, not a bad trade off, I get to live, and the farmer has gas for his utilities.
abacus44 Champion Author Toms River Posts:3,490 Points:749,690 Joined:Jan 2011	Message Posted: May 17, 2012 12:52:39 AM Ignore abacus44 Report Abuse Reading comments. LOL
Garyallman Veteran Author Honolulu Posts:308 Points:6,705 Joined:Apr 2012	Message Posted: May 17, 2012 12:51:41 AM Ignore Garyallman Report Abuse Hmmmm.
vroomputtputt Veteran Author Oregon Posts:275 Points:62,785 Joined:Mar 2012	Message Posted: May 17, 2012 12:40:54 AM Ignore vroomputtputt Report Abuse I agree it's a matter of perspective
2bigtanks All-Star Author Akron Posts:772 Points:371,610 Joined:Jun 2011	Message Posted: May 17, 2012 12:39:01 AM Ignore 2bigtanks Report Abuse Whatever.
kgbellman Champion Author Ann Arbor Posts:2,723 Points:733,790 Joined:Mar 2011	Message Posted: May 17, 2012 12:38:26 AM Ignore kgbellman Report Abuse Umm, I think that Levi's prices in the US are among the cheapest in the world too
Mr Tex All-Star Author Dallas Posts:877 Points:2,494,385 Joined:Jan 2004	Message Posted: May 17, 2012 12:37:49 AM Ignore Mr Tex Report Abuse Gallon of gas vs gallon of milk.
CamryCheapster Sophomore Author Massachusetts Posts:180 Points:2,190,645 Joined:Nov 2005	Message Posted: May 17, 2012 12:36:13 AM Ignore CamryCheapster Report Abuse What about the countries that directly subsidize gas so it costs around a dollar a gallon? I could see a small tax increase on our gasoline, but let's not bring it to socialist levels. As long as the tax went to infrastructure or viable alternative energy.
livedream Champion Author Michigan Posts:3,690 Points:756,035 Joined:Mar 2011	Message Posted: May 17, 2012 12:35:47 AM Ignore livedream Report Abuse Whether or not U.S. gas prices are the lowest or the highest is a matter of perspective.... How that price impacts a person's budget based on their income and available finances is a whole other matter.... What would seem reasonable to me might be outrageous and unacceptable to you....Or to the Canadian citizen.... Or to the Norwegian... Interesting points by FightHighGas53. [Edited by: livedream at 5/17/2012 12:38:16 AM EST]
heartbroken2010 Champion Author Ottawa Posts:4,354 Points:898,885 Joined:Aug 2010	Message Posted: May 17, 2012 12:34:01 AM Ignore heartbroken2010 Report Abuse Hmm.
winterer Champion Author Alberta Posts:7,725 Points:1,028,775 Joined:Nov 2004	Message Posted: May 17, 2012 12:29:52 AM Ignore winterer Report Abuse so
gus8441 Champion Author Baltimore Posts:2,119 Points:443,800 Joined:Feb 2012	Message Posted: May 17, 2012 12:28:47 AM Ignore gus8441 Report Abuse i don't care about the prices in the rest of the world
NotmeuQc Champion Author Montreal Posts:5,651 Points:1,133,925 Joined:Apr 2009	Message Posted: May 17, 2012 12:28:44 AM Ignore NotmeuQc Report Abuse Gas is much higher in Canada, and the taxes we pay account for most of the difference. I believe the total taxes is over 32% and that was awile ago. Could even be higher now.
FightHighGas53 Rookie Author Oklahoma Posts:10 Points:7,030 Joined:May 2012	Message Posted: May 17, 2012 12:28:42 AM Ignore FightHighGas53 Report Abuse Its all physco-babble people! Countries in Europe pay 4 to 5 bucks per gallon in taxes. Here in the US the average tax per gallon is 42 cents, including federal, state and local. Vehicles in Europe weigh 1/3 of what our cars weigh, have smaller engines, and go much faster. Most have little or NO safety features. Also, gasoline is sold by the liter in Europe. Quit yer bitchin' about the mileage our cars get. You know darn well that 98% of us daily car commuters drive at 75 to 85 MPH, without fail. Your foot, mechanical health, wind resistance, tire pressure, and speed have more to do with mileage than what Detroit kicks out. Want lower gas prices? Tell the government and big oil to STOP drilling for it just to sell it oversea's. Right now, the US is running out of places to store crude oil. Its always about the MONEY!
Teddy95 Champion Author Dayton Posts:41,150 Points:2,697,100 Joined:Oct 2005	Message Posted: May 17, 2012 12:28:42 AM Ignore Teddy95 Report Abuse Hummm...
SteelPenny Champion Author Dallas Posts:30,982 Points:2,608,690 Joined:Sep 2005	Message Posted: May 17, 2012 12:28:01 AM Ignore SteelPenny Report Abuse I don't live in the rest of the world - and this report must be flawed.
vollee Champion Author Cincinnati Posts:1,777 Points:760,950 Joined:Dec 2007	Message Posted: May 17, 2012 12:26:08 AM Ignore vollee Report Abuse Just reelect the anointed one and see how fast he can raise gas taxes so they match his idol Europe. Prez Doofus wants us to be "just like socialist euro boys". If you like high taxes and even higher spending, please reelect your "hopeless and changeless' stooge.
kcboy Champion Author Utah Posts:3,978 Points:1,509,750 Joined:Jun 2005	Message Posted: May 17, 2012 12:26:04 AM Ignore kcboy Report Abuse And the cost of living is much lower here than it is in other countries.
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,904,930 Joined:Jul 2007	Message Posted: May 17, 2012 12:25:43 AM Ignore Rageagainsttm Report Abuse sorry for the world
Road-Runner Champion Author Denver Posts:7,046 Points:1,905,165 Joined:May 2004	Message Posted: May 17, 2012 12:24:07 AM Ignore Road-Runner Report Abuse Baloney! Not so when you consider the great distances most of us must drive, combined with the almost complete lack of dependable and convenient public transit both locally and inter-city/inter-state. Alternatives to autos are almost non-existent.
HawaiianGuy Champion Author Idaho Posts:9,533 Points:3,080,675 Joined:May 2003	Message Posted: May 17, 2012 12:23:28 AM Ignore HawaiianGuy Report Abuse Pfft! The HuffPo. What else would you expect?
skybiker Champion Author South Carolina Posts:7,303 Points:1,561,240 Joined:Jul 2008	Message Posted: May 17, 2012 12:22:53 AM Ignore skybiker Report Abuse Because we have the lowest gas taxes in the world!!!...Duh!!!
TheeRedRam Champion Author Hartford Posts:3,173 Points:674,585 Joined:Jun 2011	Message Posted: May 17, 2012 12:22:42 AM Ignore TheeRedRam Report Abuse Good thing we live here. Still to expensive
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: May 17, 2012 12:22:19 AM Ignore nomad228 Report Abuse that's because other countries believe the line of balogny their gov'ments fed them of why their fuel needs to be high priced.while the citizens of their countires did nothing to stop them from raising the price of their oil/fuel/evertything that is associated with oil/fuel cost like food,clothes,shelter,medical,everything that is shipped or transported. this is what happens when you have a corrupt govment in those countries and even here.except here we don't take the balogny they are spreading around about fuel having to go up in price just because of speculation/greedy little money grubbers/corruption.it amazes me those countries have not had open civil war over this garbage.
crreed1 Champion Author West Virginia Posts:1,995 Points:2,528,285 Joined:May 2005	Message Posted: May 17, 2012 12:22:17 AM Ignore crreed1 Report Abuse I only care about here
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,150 Joined:Jan 2010	Message Posted: May 17, 2012 12:21:49 AM Ignore rahcat Report Abuse I kept an old gas credit card receipt from 1968....35.9 cents per gallon.
cloud23465 Champion Author Virginia Beach Posts:8,309 Points:1,618,025 Joined:Aug 2008	Message Posted: May 17, 2012 12:16:47 AM Ignore cloud23465 Report Abuse huh... bet they get way better gas mileage as well. Not that i care what the rest of the world pays.
radiorumor Champion Author Texas Posts:2,817 Points:754,835 Joined:Feb 2011	Message Posted: May 17, 2012 12:15:25 AM Ignore radiorumor Report Abuse k
joel27nc Champion Author Raleigh Posts:10,547 Points:1,860,320 Joined:Mar 2008	Message Posted: May 17, 2012 12:14:30 AM Ignore joel27nc Report Abuse I know that is a fact, much higher in Canada & Japan!
umitb Champion Author Indianapolis Posts:3,681 Points:844,415 Joined:Apr 2010	Message Posted: May 17, 2012 12:14:23 AM Ignore umitb Report Abuse I only care the US. I don't care in World.
chuckwthompson Champion Author Charlotte Posts:3,765 Points:579,135 Joined:Sep 2011	Message Posted: May 17, 2012 12:13:50 AM Ignore chuckwthompson Report Abuse Except the OPEC countries!
bvrbill Champion Author Eugene Posts:3,229 Points:519,825 Joined:Jul 2011	Message Posted: May 17, 2012 12:13:31 AM Ignore bvrbill Report Abuse So we should pay more because the rest of the world pays more?
suzmar Champion Author Texas Posts:2,212 Points:873,340 Joined:Jun 2006	Message Posted: May 17, 2012 12:12:29 AM Ignore suzmar Report Abuse So what? I don't care if they have exorbitant prices elsewhere, that doesn't mean we should pay higher prices.
gmcgas Champion Author Atlanta Posts:5,958 Points:1,715,145 Joined:Mar 2004	Message Posted: May 17, 2012 12:12:01 AM Ignore gmcgas Report Abuse still don't like it.
PrinceLH Champion Author Ontario Posts:2,702 Points:539,995 Joined:Jun 2011	Message Posted: May 17, 2012 12:11:37 AM Ignore PrinceLH Report Abuse Yeah, whatever! So we have a world wide collusion of fuel prices.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: May 17, 2012 12:10:34 AM Ignore tedjm1 Report Abuse Good. Although, with the gov't subsidies, the honchos of big oil should not be getting such rediculous salaries or bonuses. NO one on this earth is worth that amount of money.
mpg611 Champion Author Cleveland Posts:2,345 Points:571,045 Joined:Apr 2011	Message Posted: May 17, 2012 12:09:49 AM Ignore mpg611 Report Abuse That doesnt make me feel better about our gas prices.
bobdec Champion Author Miami Posts:8,969 Points:1,771,545 Joined:May 2008	Message Posted: May 17, 2012 12:08:33 AM Ignore bobdec Report Abuse This has been the case as long as I can remember
mfeldstein Champion Author Ottawa Posts:8,181 Points:1,932,430 Joined:Feb 2007	Message Posted: May 17, 2012 12:08:26 AM Ignore mfeldstein Report Abuse Americans don't know how good they have it. Too much complaining and not enough fixing.
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: May 17, 2012 12:08:17 AM Ignore granitestater Report Abuse Mostly lower taxes than the rest of the cash cow world.
MidNJ Champion Author New Jersey Posts:7,559 Points:1,173,100 Joined:Sep 2009	Message Posted: May 17, 2012 12:08:17 AM Ignore MidNJ Report Abuse From the article: In the U.S., gas prices average $4.19 per gallon, according to Bloomberg. In contrast, gas prices are $5.75 per gallon in Canada, $6.75 per gallon in Australia, $8.84 per gallon in the United Kingdom, and $9.35 per gallon in Italy. ????????????????? Where are these prices coming from. In New Jersey we are paying less than $3.37 (Cash price)!!!!
regout Champion Author Quebec Posts:2,960 Points:833,680 Joined:May 2010	Message Posted: May 17, 2012 12:07:29 AM Ignore regout Report Abuse It's true Canada around 5$ to 6$ and in Europe 7$ to 9$ .