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The Most Expensive Gas In The World
At an incredible $9.98 per gallon, Turkey has the most expensive gasoline in the world - almost triple that of the US - closely followed by Norway at $9.97. In fact, as Bloomberg notes, the US can celebrate its good fortune at being only the 51st most expensive country in the world for gasoline.
(click image for large legible version)
So why is it then that so much is made of a rising gas price in the US? Why do we fear $3.80 when Turkey shows us things could be a lot worse? The simple answer lies in the chart below. The US spends the 7th most in the world on gasoline as a percentage of income and is by far the largest among developed economies as a percentage of income.
(click image for large legible version)
At 3.06% of income, and being that the US is a consumption-based, low-quality-job, unaffordable-housing-means-driving-to-work nation, the possibility of $4 gas in the not-too-distant future (as Egyptian instability leaks into WTI prices) has a far greater impact on the US than any other of the world's large economies. But then again, we are sure it is all transitory.
Source: Bloomberg
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It don't matter the price. My supercharged 388hp SUV runs great on imported Iraqi oil.
and we better get our hands on more of the stuff before them crazy fuckers who are jealous of or freedom.. where are the carriers... go for the next nobelPP... halliburton and Xi can get the job done lickety slpit... shock and awe... nuke the fuckers... godless bastards...
The problem is the US was stupidly - and continues to be - designed around the automobile (itself a terrible invention).
Thou shalt not take Henry Ford's name in vain.
follow the money....
And the cheapest place in the world to buy gas is.... wait for it... VENEZUELA
At 6 cents a gallon... yup gallon... there is little doubt that Mr. Snowden has found the only place on the planet where he can afford to drive his own armoured personnel carrier...
He'll need it...
http://www.bloomberg.com/slideshow/2013-02-13/highest-cheapest-gas-price...
Silly backwoods country yahoos, we should average $7/gal in the long/short run.
Fine. But a new house should cost on average 2x annual gross income. And health care should be 1/16th of the cost. Etc.
To live in America is to be a sucker. At every possible level (electricity, telephone bills, health care, Internet service, transportation, education, housing, food, etc.) Americans are little more than sheep to be sheared.
Living in America is a terrible deal financially. The mythology of "income levels" is seldomly adjusted for the price of the myriad corporate taxes that are levied on Americans because they can be. Net/net Americans are poor people despite their income levels.
Gee, that sounds like a terrible place to live. I don't know if I would want to stay in a place like that if I were you.
It's tough to escape the U.S. Ask Edward Snowden.
...which is why I don't.
Net/net Americans are poor people despite their income levels.
I guess there are plenty of people around the world who would like to be this "poor".
Gimme a break.
Stop thinking good about yourself just becuse there is some sucker who has it (or thinks he has it) even worse. This kind of rationalizations are the primary reason for complacency of merken public.
You nailed it Popo. The only thing I'd argue is electricity (from an EU perspective), but that just falls in line with energy being considered valuable outside of OPEC and the US. And for all you suburbanites in the US that need 400hp to get your fat asses to work I'll say get a fucking clue. The cars in most of the rest of the world are small, have small engines, and get twice (or more) the mileage of the average US monster car. Do you really need 5000 lbs. of steel that can do 0-60 in 8 seconds to get to work everyday? Really? No, not really.
The biggest deal is health care. If I work I am 100% covered FOR EVERYTHING - AT NO COST, and most prescriptions are free. And no, taxes here aren't higher here than the US. If I don't work I pay a whopping $75.00 a month until I'm 62, then it's free again. I think I can afford 7.00 gas, you think? Especially since I don't NEED a fucking car. We have these things called trams that run on tracks all over the city, and regular train service everywhere else. You ain't got that in the US cuz the oil companies took them away years ago. And y'all couldn't walk your fat asses to the tram stop even if you did have them.
Who cares, we like driving fast with the A/C on and the top down.. fuck it, we're americans!!!
atleast that is what it was to be a free and wild country.. now they just have that image in the advertisements and certain movies which also act as advertisements with a backstory.. and then they just nab you and send you tickets and increase your premiums, etc etc
sell ya the lifestyle and then fuck ya for living it
Americans are wild, but not free (of course none of us are). What I see is America chained. Chained to the gas pump, and chained to the health care system. But you have Wal-Mart! Everyday low prices!
How is it that one hospital charges 100 times more for the same procedure than the other hospital down the street? It's capitalism baby, free enterprise, competition! Or maybe it's just greed? Yeah, no problem, I have time to shop around for that appendectomy, 15-20 minutes at least. And it'll cost me half price to drive there. :-)
Oh give it a rest. You can get a decent sized car that gets good fuel mileage if you take the time to do some research. A 2013 Hyundai Sonata with 4 cyclinder gets 24 in the city and 35 on the highway. The car can seat 4 people and 5 people in some cases. Not good enough? You can get a Ford Fusion hybrid that gets 47 city and 47 hwy.
http://www.edmunds.com/ford/fusion-hybrid/years.html?sub=sedan
If the USA could get more European style direct injection dirsels cars - the mileage would be as good or better than hybrids.
Forget European - look at the new direct injection diesels sold by Hyundai / Kia: 56 MPG on the highway, and almost 50 Urban Cycle.
Certainly worth a second look, and both Hyundai and Kia have really worked hard to improve styling and interior spec (which was always good anyhow).
Add in "best in class" warranty packages and I know what I'll be buying once my old Holden dies - and it ain't another Holden . . . .
The DI Hyundai / Kia diesel engines aren't sold in the US....yet.
So far there's VW, MB, BMW and finally the Chevy Cruze diesel which fails to achieve much mpg over the gas counterparts. Then again you can't get a manual gearbox or a wagon. Let's just hope that GM doesn't ruin diesel in the US (again) with a crappy product.
If you want an SUV you have to buy a Jeep of some sort
Better yet they send the unprocessed oil to the USSA to be refined into gasoline than re-import at market prices - and than they resell it locally at around 6 or 7 cents a gallon....where a good chunk of that is than smuggled into Colombia and re sold at market prices.
When a country does something this stupid you know the guys in the Ministry are just rolling in it.
These shit news stories are typical Operation Mockingbird crap. Oh be happy little ungrateful serfs. you pay so little for gas. F Them. I do not drive a gas guzzler but F the endless propaganda BS.
What I find really weird is all summer Obam has has gas prices fixed at about $3.39 locally. The price has not moved in months. That never happens.
ZerOhead
Well, yes, but gasoline in Venezuela is heavily subsidized by their .gov. That introduces other problems: malinvestments, wasting gasoline, more greenhouse gases (lol), bigger deficits, etc.
Before the low information types get ahead of themselves, it is also important to understand that gasoline is both rationed and often unavailable in Venezuela. 8 Gallons is typically the maximum fill up at one time, after waiting in a long line hoping that they do not run out before you get yours. Ask any Russian who spent time living in the USSR about how great those low low prices are (or better yet how great *free* is, lol). Overland travel will more than likely never take off under the leftist Venezuelan regime seeing as the locals are extremely hostile towards any foreigners being able to fill their tanks out of the precious little supply available. Supply cannot be made available along borders because gasoline trafficking is a problem. Fortunately for wealthy foreign sportfishers, a good supply of cheap fuel is available at some ports if you enjoy fishing for Marlin. Don't forget the customary Benjamin for the commandante.
Well, yes, but gasoline in Venezuela is heavily subsidized by their .gov. That introduces other problems: malinvestments, wasting gasoline, more greenhouse gases (lol), bigger deficits, etc.
No country comes remotely close to the US in terms of subsidization (indirect + direct) of oil/gas.
yes, what is the cost of our military stations all over the world, the wars, the veterans, the medical bills, the lies.....
what is a future dollar worth?? another future dollar + N ?
Seems like the USA has some catchin' up on freedom to do with the good peoples and beneficent rulers of:
"They hate us for our SUV's"
Venezuela
Saudi Arabia
Kuwait
Egypt
UAE
Iran
Nigeria
Malaysia
Mexico
.
>> the automobile (itself a terrible invention).
I don't know that the auto itself is a terrible invention but the manner in which we've chosen to develope and use is certainly is.
I don't know that the auto itself is a terrible invention but the manner in which we've chosen to develope and use is certainly is.
I figure it's difficult to judge an invention outside of impact. Lots of brilliant inventions out there whose impact makes them less than stellar.
"The problem is the US was stupidly - and continues to be - designed around the automobile (itself a terrible invention)."
Who invented the automobile?
Enterprising individuals:
http://en.wikipedia.org/wiki/Automobile
Who "designed around the automobile?"
Clueless interventionists:
http://en.wikipedia.org/wiki/Interstate_Highway_System
What did their interventions replace?
An already installed and paid-for network that has since been reduced to freight:
http://en.wikipedia.org/wiki/Rail_transportation_in_the_United_States
What have the consequences been?
What else?
http://www.google.com/search?q=urban+sprawl+images&client=safari&rls=en&...
Nothing wrong with the automobile, in other words, beyond the fact that than the "freeways" it runs on have proven ruinously expensive.
Just like "free" defense, education, sickcare, retirement . . .
Can't believe the 29 red arrows, what you stated is true.
And so does your mouth!
Sorry, knucks-----too obvious not to comment
Turkey is about 1/8th the size of the U.S.
Smaller distances to travel
Far fewer people.
Smaller cars.
Most... outside US... drive fucking scooters you dimwit...
Go fuck youself, Fwancis.
YOu either have not been outside of the U.S. or are just looking to be rude.
What is dick.
why is gasoline that cheap in 'murrica. make that 10 a gallon and all will be good.
the US does not tax gas as high as other countries [yet]
those stats are including the energy taxes.
Slave on!
I love my 2010 Dodge Challenger RT with 5.7 V8! Love it so much I'd run the fucking thing on baby-seals if I could find a way to squeeze them into the tank.
ROFL
Read my lips, no more seals.
Man with long beard brings his snowblower to the repair shop, oil everywhere.
Just before entering the shop, he sneezes, sending snot all over his beard, mixing with the frost and snow.
Mechanic looks at the snowblower and says "blow a seal?"
Guy replies "nope, just sneezed."
Ever ride the Arctic Excursion at Sea World in FL? Bastards empty the ride into the gift shop to soak you on the way out. They made the mistake of having a large bin of fluffy white baby seals in the middle of the room. I asked in a very loud voice where the clubs were that went with the baby seals and you could have heard a pin drop. My wife didn't speak to me for days, and I got to do it right in front of my mother in law. Some days are just blessed...
In the not too distant future that comment will get you arrested as an eco-terrorist.
it'll also be attached to a jobs program to help free up jobs for the correct people to have them
There's a lot more fat on the average American.
% of my income spent on gasoline? ZERO.
When TSHTF and nobody can get gasoline, I'll still be good for 100 miles a day with 30lbs on my back, no problem.
I'll take a guess here and say that you will likely be fucked.
Enjoy looking at that big fancy motor when you can't get what makes it run.
"percentage of income spent on gasoline" is total BS. In my country average income after taxes is around 800 euros per month. To fill up a 60 liter tank costs around 80 euros. So even if you somehow mystically manage to drive one tank for full month, its already 10%. In reality of course its more like 20-25% but DEFINATELY not around 2-3%
Lots of people don't have cars at all. Or choose not to use them.
For example I have a car and motorbike yet on a daily basis I use the bus and then train to commute. Driving a car in the city is insane here.
I love my 150cc scooter!
A brother-in-law told me about one of his former workers who got a job in Germany after he got out of school. One of the perks was "transportation".
When he got there, they gave him his bicycle.
"US ... is by far the largest among developed economies as a percentage of income."
U.S. gasoline consumption is built around the psychological myth that the open road is a key to personal freedom.
Drones nipped that shit in the bud.
Driving the open road - watch out for the tax collectors, I mean cops.
'specially the ones that stand by the side of the road with a radar gun.
Cars have become a debt producing/tax collecting device.
I call 'em debtmobiles.
they could have a bake sale or just put up more toll booths.. i mean the girl scouts troll around and sell cookies for money they don't blackmail middle age men
maybe they do now.. who the fuck knows.. i dont answer my door
Damn US gas-guzzlers!
Maybe if we halted a few military operations we wouldn't 'guzzle' so much...
In the 20th century military consumption of crude derivates was beaten only by automobile consumption. So, yes.
Nothing like driving a 3,000 lb 4 speed 5.7L V8.
Firstly, a large geographic area with few railroads.
Huge tracts of land farmed by oil driven machinery by corporations versus families.
Yeah well we farmers switched from horses some time ago.
Many family farms are also corporations.
And the most expensive gas the U.S. Citizen buys? $400.00 a gallon.
http://www.cbsnews.com/8301-503543_162-57337390-503543/real-cost-of-gas-at-afghan-bases-$400-gal/
gas is cheap -- in relation to silver quarters or 4 gals per silver dollar. It is the money that is not worth a damn!
I agree - but all this analysis does is correct for inflation - essentially it means that folks making $30k/yr in fiat are actually earning only $1k/yr in Ag.
As long as Americans "need" 1,500 (if not 2,000) cubic centimeters of engine capacity per each passenger, it is obvious gas in the US is cheap.
That has nothing to do with the size of continental US (or Americans, for that matter).
I just fueled up in So. Cal., and regular unleaded was $4.20 at one of the more affordable local stations. I also noticed a lot of grimacing looks on the "natives" faces as they pissed their "part time job" cash into their portable wealth destruction vessels.
How dare those evil corporations charge us "so much" (about 1/1000000000th of actual value relative to total net cost for equivalent human labor, all told) for our FREEDOM FUEL!
Bahahahaha. Fuck 'em.
Totentänzerlied good post. Just wait until some Edisonian type person figures out how to make energy 'cheap-free-clean'.
Just 20-30 years ago we got ass raped in charges for long distance calls. (now we have VOIP). Cell phones were a novelty for the wealthy, and now they're disposable.
I've been putting a lot of time into this old(FUSION) technology. We have the ability to make this energy source work if we get enough open sourced minds together. (not conventional energy, shelf the tech. assholes)
just get rid of the damn clouds.. who needs that ancient water distributor method anyway (and it sometimes gives too much water to the poor lands anyway)
without clouds we can all have solar and just pump the water wherever we need it on free energy. Of course only the chosen people will have first access to the lands with the water pipes.. the runoff can go down the valley to the serfs
More wars needed for oil, er I mean for Democracy. Slave on
Not FOR oil. For CONTROL of oil. We wouldn't want them tearist ragheads selling it too cheap, would we? What would the boyz at Chevron, BP and Exxon do?
At the end of the upcoming global revolution the oilygarchs stolen wealth will be re-distributed into the open source global governance system and they will be imprisoned for life. That is of course if the Russian troops don't throw us all into FEMA camps first.
So let it be written so let it be done.
Lobbyist money well spent, for them....
A Lobbyist knows they have done their job well when the public actually think that they have made a decision....
Long Schwinn baby......
Zero Hedgers face the truth there is no inflation. YOU ARE ALL DERPS according to this savant.
http://www.theatlantic.com/business/archive/2013/07/the-derp-and-fall-of...
The Atlantic. If there is a bigger bunch of shills somewhere in the MSM, I don't know of them. And that does include the NYTimes.
I remember when The Atlantic was important. But I was young and naive then.
Gas and oil have been climbing in anticipation of economic recovery which we all know is fake.
Gas prices trend with Oil. WTI Oil weekly shows a prolonged retracement (similar to Gold).
Next move is down for oil - and gas will follow.
http://bullandbearmash.com/chart/spot-wti-oil-weekly-continues-climbing-...
to orange geek
"Next move is down for oil - and gas will follow".
Does that mean fiat paper will become more valuable? Is that in the next life?
Fiat pesos will only incidentally become (temporarily) more valuable when measured in gallons of gasoline.
If the price doesn't more, the finance mafia don't get make any money from it and their bonus is smaller. We wouldn't want that, would we?
It doesn't matter what way the price moves as long as it moves. They make money both ways as long as they know which way it's going to move before us suckers do.
In Ecuador gasoline is set at $1.48 per gallon.
It is not on the chart.
I see you made someone not happy with that statement.
So my guess is that they just got back from filling up in Ecuador and paid 1.49.
I apreaciate general info comments.
I see you made someone not happy with that statement.
Thumb Down felt happy after refilling in Caracas, and therefore did not wish to continue to Quito.
I don't see Libya on that list. Gasoline was around 0.60/gallon under Gahdaffi.
What would the cost be if you add the amount of money spent on making sure we're only paying on average $3.80 per gallon.
I'll bet 75% of the cost of all those prices is taxes
Bingo
That second chart is bullshit.
If I am only spending 1.75% of my income on petrol/gas, I would be earning nearly £300k a year. I fuckin' wish!
Those are averages. Many of your fellow countrymen don't have a car and therefor spend 0% of their income on petrol. That's is another reason to call "bullshit".
Having a car means you can go anywhere, any time. Relying on the bus means you can only go where the bus goes, and only when it is scheduled. Hence the hatred of automobiles on the part of TPTB.
"The Lord is my Shepherd; I shall not want.
He maketh me to lie down in green pastures:
He leadeth me beside the still waters.
He restoreth my soul:
He leadeth me in the paths of righteousness for His name' sake."
The Lord, (i.e. The Shepherd), works for the Flock Owner as is customary for shepherds. Why would any of The Sheep need a car if they're just going to be led around by The Shepherd? (And then shorn or slaughtered as desired.)
How can any article on this topic fail to present how smartly the US invests in energy in order to deliver the best prices to its residents? The US deploys its military most judiciously and effectively wherever energy is in surplus.
Turkey and Norway just need to kill more people. The more people you kill for National Security the less your gasoline costs. They clearly need to invade more countries and totally annihilate the people and steal the resources. Been that way for about 500 years or so, no?
Fuck, some people are so stoopid.
"The US spends the 7th most in the world on gasoline as a percentage of income."
Mexico looks they have it pretty tough too. So much for that Canterell find. It'll only get worse from here for them.
Canada and Russia are the other two that would seem they'd spend A LOT of money on gas to drive anywhere. I've been to Canada many times (Alberta, Manitoba, Ontario), and one has to drive FAR to get anywhere.
I'm going to go ahead and assume that neither Russia nor Canada has the same magnetude of sprawled-out suburbs that the US has. Lucky right now they produce crude more than they consume. Not sure about they refining capacity or technology.
I would also be interested to see what percentage of their final food price are transportation costs.
My Space Chariot runs on Hopium! God Bless the USA and O'bummer's swollen Nads!
Anyone knows what percentage of income did the greeks spend on gas before the crisis?