Why gas in the U.S. is so cheap

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Despite daily headlines bemoaning record gas prices, the U.S. is actually one of the cheaper places to fill up in the world.

Out of 155 countries surveyed, U.S. gas prices were the 45th cheapest, according to a recent study from AIRINC, a research firm that tracks cost of living data.

Most expensive places to buy gas

Rank Country Price/gal
1. Sierra Leone $18.42
2. Aruba $12.03
3. Bosnia-Herzegovina $10.86
4. Eritrea $9.58
5. Norway $8.73
6. United Kingdom $8.38
7. Netherlands $8.37
8. Monaco $8.31
9. Iceland $8.28
10. Belgium $8.22
111. United States $3.45

One Response to “Why gas in the U.S. is so cheap”

  1. Roland Hesz Says:

    Nice.
    Except this part is not entirely true:
    “Because oil is priced in dollars, rising oil prices aren’t as hard on people paying with currencies which are stronger than the dollar, as they can essentially buy more oil with their money as the dollar falls in value.”

    Actually, the value of the dollar had no effect on gas prices here. It was steadily raising.


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