11/18/2012

10 Places Where Gas Is More Expensive Than the U.S.

If it's been a while since you filled up, you might be in for a rude awakening. Prices have been rising steadily in the past few weeks on skyrocketing crude oil prices; the cost of a gallon of regular gas stands at $3.57, up 19 cents from a month ago. The rise has given fodder to Republican presidential candidates seeking an angle of economic attack on President Barack Obama and put another wrinkle in Americans' tight budgets.

We can't tell you things are going to get better in the near future, but we can tell you things could be a lot worse. While gas prices seem high in the U.S., other countries are saddled with prices at the pump that would give an American driver a heart attack. To find out where drivers have it worse, we spoke to Airinc, a Cambridge, Mass.-based consulting firm that tracks average gas prices at select major cities around the world. Here are 10 cities where gas prices eclipse the pump prices in America, along with the average retail price for a gallon of gasoline.10th-most expansion: Tokyo Cost per gallon of regular gas: $6.59Cost per gallon of premium gas: $7.15Ninth-most expansion: Berlin Cost per gallon of regular gas: $7.76Cost per gallon of premium gas: $8.34Eighth-most expansion: Hong KongCost per gallon of regular gas: $7.85Cost per gallon of premium gas: $8.30Seventh-most expansion: ParisCost per gallon of regular gas: $8.06Cost per gallon of premium gas: $8.56Sixth-most expansion: LondonCost per gallon of regular gas: $8.12Cost per gallon of premium gas: $8.35Fifth-most expansion: Monte Carlo, MonacoCost per gallon of regular gas: $8.46Cost per gallon of premium gas: $8.55Fourth-most expansion: Copenhagen, DenmarkCost per gallon of regular gas: $8.48Cost per gallon of premium gas: $8.77Third-most expensive: Rome Cost per gallon of regular gas: $8.51Cost per gallon of premium gas: $8.71Second-most expensive: Oslo, NorwayCost per gallon of regular gas: $9.33Cost per gallon of premium gas: $9.69Most expensive gas in the world: Asmara, EritreaCost per gallon of regular gas: $9.58Cost per gallon of premium gas: (Unavailable)Honorable mentionWhile these cities all have it worse than the U.S. in the gas department, don't think we're beating the whole world at the pump. Several cities have dirt-cheap gas prices, and unsurprisingly they tend to be in oil-producing countries. In Kuwait City, for instance, a gallon of gas at the pump costs the equivalent of 82 cents, while in the Saudi Arabian capital city of Riyadh it's just 45 cents. The clear winner, though, is oil-rich Venezuela, where government subsidies make a gallon of regular gas cost just 6 cents in Caracas.Follow TheStreet on Twitter and become a fan on Facebook.

>To order reprints of this article, click here: Reprints

No comments:

Post a Comment