Re: Compare global gasoline prices

If you're going to look at these charts objectively, you have to
separate what percentage of the pump price per gallon is taxes in any
given market - most of the European nations are heavily taxed.
Additionally, one has to separate oil-producing/refining nations from
those who must import all of their automotive fuel. Therefore, merely
scanning a chart and saying "look what they pay compared to us" has
little relevance (as an example, I recently returned from Europe and
most of the people I spoke with accept the high taxation rate on fuel,
since those taxes fund major social programs.)
Add to this the recent speculation on oil futures by large investment
funds. Now that they've left the sub-prime mortgage markets, they're
feeding on fuel and food prices for quick profit. And don't forget the
oil companies themselves who, through various agents, actually keep
the bidding frenzie going - constantly raising the price of their own
product.
Now, look at this chart keeping in mind which countries heavily tax
for social programs and, additionally, who are the oil producers/
refiners. And, keep in mind that the real money in oil is not made at
the refinery/gas station level, but at the "bring it out of the
ground" stage.

Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen$5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

.

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