A question from Yahoo! Answers:
What is the difference between foreign and American gasoline prices?
For a project in my econ class I need to know the difference between gasoline prices in American and foreign countries and I am having trouble finding information on the web. If someone could help me that would be great!
The Economist ran a schedule showing prevailing gasoline prices in many countries around the world in their May 4, 2006 issue. The U.S. has one of the lowest gasoline prices among developed countries. Other developed countries have much higher excise taxes on gasoline, so their prices are 60-100% higher than U.S. prices. The most expensive gasoline among the countries listed was in Turkey (almost $8 a gallon, if I rememebr correctly).