Wednesday, 26 September 2012

Pain at the pump


Filling up the same 39-gallon tank of a Chevrolet Suburban in Venezuela costs $3.51. In Norway it’s $394.68.



14 September, 2012

The next time you complain about the price of gas, remember: It's all relative. Filling up the same 39-gallon tank of a Chevrolet Suburban in Venezuela costs $3.51. In Norway it's $394.68.

The average cost to fill up fell almost 8 percent worldwide in the last three months. Relief at the pump was not shared equally. A sharp price drop in the U.S. silenced squabbles in the presidential election, while a hike in Brazil meant people had to work 15 percent longer for the same amount of gas.

The Bloomberg Gas Price Ranking sorts 60 countries by average price at the pump and by "pain at the pump," which is measured by the percentage of average daily income needed to buy a gallon of fuel. See where your country stacks up.

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