Saving to Inve$t

Smart Personal Finance and Effective Money Management in Today's Economy

So you think Gas is expensive in America....  

"Gas (& Oil) prices rise to new records". Seems like this headline appears in the news media every day. Oil and gas prices seem to be a topic everyone is discussing and complaining about nowadays. As national average gas prices approach $4 (I am already paying more than that where I live), we should count ourselves fortunate compared to some of our global community who are paying much more. Then again in Middle Eastern and South American countries gas is still cheaper than water. The table here shows the equivalent gas price per gallon in other countries. Clearly the self sufficient and oil exporting countries are keeping their citizens happy by holding gas prices well below global averages.

I think as the dollar continues to touch new lows, speculation in commodity markets and the prospect of geopolitical tensions, oil and gas prices will continue to rise or at least stay at current highs. $100 oil is here to stay, which means $5 gas is only around the corner. What say you?

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8 comments

  • andy  
    May 29, 2008 10:17 AM
    This post has been removed by a blog administrator.
  • Anonymous  
    May 29, 2008 10:22 AM

    Gas Prices to $8 by next summer!

  • Lulugal11  
    May 29, 2008 6:10 PM

    Gas is $12.50 in St. Lucia (Caribbean island).

  • Andy  
    May 30, 2008 1:17 PM

    Wow! $12.50. Walking or biking must be real popular there. Thanks for stopping by and leaving a comment. Enjoyed reading your blog.

  • Anonymous  
    June 5, 2008 1:07 PM

    When you talk about the porice of gas in Europe you also have to factor in the exorbitant percentge that is gov't taxes- over $4.00 a gallon! $3.00 per gallon goes to their HealthCar program alone. If my health insurance were included in $4.00 per gallon gas then I would not be complaining! Let's compare apples to apples here.

  • Anonymous  
    December 3, 2008 8:03 PM

    That is a very informative article... i though that all of the country through out the globe are having the same crisis in fuel so i think the best thing to do is to use [url=http://www.car-stuff.com/gas-saving-products.html]fuel saving devices[/url]

  • Anonymous  
    December 3, 2008 8:06 PM

    I think using fuel saving devices will help on decreasing the consumption on the use of fuel on the every day use of our vehicles just hope that hybrid cars are cheap.

  • REENA  
    April 2, 2009 5:32 AM

    hi,
    this is reena campar to other state america has lees price in gas. When you talk about the porice of gas in Europe you also have to factor in the exorbitant percentge that is gov't taxesover $4.00 a gallon! $3.00 per gallon goes to their HealthCar program alone. If my health insurance were included in $4.00 per gallon gas then I would not be complaining! Let's compare apples to apples here.
    ===================================
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