According to GasBuddy, the average price for a gallon of gas in the United States is currently about $2.20/gallon. However, Americans who have taken summer vacations know that prices can vary significantly depending on location. For example, the average gas price in South Carolina is only $1.87/gal, while drivers in California are paying an average price of $2.83/gal.
If these price variations seem extreme, they are nothing compared to how much the price of gasoline varies around the world. According to a new Bloomberg graphic, Venezuelans are currently paying an incomprehensible $0.02/gal for gas, the cheapest price of any country in the world. The only two countries with gas prices lower than $1/gal are Kuwait ($0.88) and Saudi Arabia ($0.91).
Despite grumbles from American drivers, the United States is on the low end of the spectrum, ranked twelfth out of 61 countries. Neighbors Mexico ($2.77) and Canada ($3.45) both pay higher prices.
Norway ($6.53), Latvia ($6.59) and Hong Kong ($7.12) pay the highest prices for gasoline.
In terms of affordability based on average daily income, U.S. gas looks much cheaper. The United States is…
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