We recently noted that crude oil prices vary markedly around the world [6] due to multiple factors but the derivative that so many of us use - gasoline (or petrol as some might say) - varies even more so. From Hong Kong and Edinburgh (almost 2.5x NYC prices) to Kuala Lumpur and Jakarta (almost half the price of NYC), the spread is remarkable.
Crude prices around the world...
[7]
But Gas prices vary even more...
[8]
From Kuala Lumpur and Jakarta to Hong Kong and Edinburgh...
[9]
Source: Deutsche Bank