Gasoline prices, 09-Feb-2015:
The average price of gasoline around the world is 1.04 US
Dollar per liter. However, there is substantial difference in these prices
among countries. As a general rule, richer countries have higher prices while
poorer countries and the countries that produce and export oil have
significantly lower prices. One notable exception is the U.S. which is an
economically advanced country but has low gas prices. The differences in prices
across countries are due to the various taxes and subsidies for gasoline.
All countries have access to the same petroleum prices of
international markets but then decide to impose different taxes. As a result,
the retail price of gasoline is different. In some cases, like Venezuela, the
government even subsidizes gasoline and therefore people there pay close to
nothing to drive their cars.
Source from www.globalpetrolprices.com
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