U.S. gas prices are nothing compared to many countries around the world.
While U.S. gas prices leave many Americans shaking their fists at the pump, they're nothing compared to gas prices in most countries around the world. Take a look at the average gas prices in 11 countries as of mid-March.
Turkey: $9.39 per gallon -- Turkey has the highest price on our list at nearly $9.50 per gallon. Istanbul consistently ranks as one of the most expensive cities in which to buy gas.
France: $7.59 per gallon -- European countries are well-known for their sky-high gas prices. France is no exception, levying taxes of over $4.50 per gallon.
Japan: $6.87 per gallon -- The island nation taxes motorists almost $3 per gallon, according to Energy Détente.
Australia: $5.64 per gallon -- Australia’s gas prices are determined by a deregulated market where competition is the name of the game.
India: $1.22 per gallon -- In June 2010, the Indian government decided to deregulate gasoline prices, doing away with the subsidies that had long kept the cost low. Public protests brought the prices back down.
Canada: $5.14per gallon -- Although Canada is a major producer of oil, heavy taxes hit Canadian drivers hard.
China: $5.11 per gallon -- China’s economic regulatory agency, the National Development and Reform Commission, adjusts the retail price of gasoline when the cost of crude oil changes by more than 4 percent over 22 business days.
Brazil: $3.53 per gallon -- The country is somewhat insulated from rising world oil prices because of its local supply of ethanol, harvested from sugarcane.
Saudi Arabia: 74 cents per gallon -- The price of gasoline here is decided by royal decree, selling at a subsidized rate.
Venezuela: 6 cents per gallon -- Venezuela boasts the lowest cost of gasoline on our list. Citizens pay just pennies per gallon, enjoying generous subsidies from President Hugo Chavez.
Iran: 4 cents per gallon -- Iranians enjoy a big gas subsidy, although the government has been known to cut that assistance at the drop of a hat, causing prices to soar.
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