Global gas prices where do we fit – the truth about cars 10 gases

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You’ve no doubt noticed that gas prices have been creeping up while 2018 progresses. But North America still has it pretty good, especially the United States. Despite fuel prices creeping up to almost $3.00 per gallon, the U.S. still enjoys cheaper gasoline than most of the Western world. Even Canada, which is currently coasting around $4.45 per gallon, manages to undercut the nightmare that is Europe by a wide margin.

North America as a whole spends more on gas per person then practically everywhere else on the globe, though. An affinity for larger vehicles, combined with more time spent behind the wheel, translates into burning more fuel overall. I suppose one could make the argument that we need cheaper petroleum since we use so much of it — just be ready to have someone call you selfish.

Bloomberg recently ran a study in which it compared average fuel prices between 61 countries, looking specifically at the per-gallon prices, how that price compares to wages in each country, and how much of it each citizen is burning in a standard year.

Gas prices were sourced by GlobalPetrolPrices.com to determine fuel pricing, which is useful but imperfect since gas isn’t the same around the world. The outlet also said it used U.N. data for motor gasoline by road in 2015 to determine average fuel consumption per annum. Again, imperfect for a 2018 analysis, but it’s probably still the most comprehensive collection of prices and what they mean in a broader context that we’ve come across. Check it out for yourself if you want to see where individual nations stack up.

The amount of tax you pay is not a better indicator as tax doesn’t take into account your earnings. Say, You earn $5ph and pay 10% on a gallon of gas, or you earn $10ph and pay 30% tax on gas. The person earning $10ph is better off. How much of your expenses is gasoline?

You have a similar argument when attempting to base a country’s performance purely on GDP. A high GDP usally indicates a better standard of living. But, as GDP becomes within 10 or even 20% of each other using GDP as a gauge become less accurate.

Say, comparing the US to Australia. The US has a slightly higher GDP, but GDP is production, (which includes all the money Wall St turns over) all government taxes and only tradables. What I’m stating is how much money filters down? Australia doesn’t have a Wall St and how billions are turned over in Wall St that the average American never sees?

With the US’es GDP you also factor in $12 000 per year for health, the next most expensive country for health is Australia at around $7 000 per person. So the US has inflated it’s GDP already, not counting your higher insurance costs etc. So, you might pay less tax, but you get hit in other ways.

@highdesertcat–Agree. If you buy a vehicle just on the basis of fuel costs and you really don’t like it you are more inclined to trade it and then take a huge cost in depreciation that negates any savings that you obtain from fuel savings. If on the other hand you have an older vehicle that you have had for years and you want a smaller more efficient vehicle that is another thing entirely but having said that choose something that you like and want to keep. Also if you plan on giving your older vehicle to a family member as I know you have done then that is different as well. You might have planned to buy a vehicle for a family member or know that they need one. My wife and I have gone to smaller vehicles because we wanted something easier to drive, easier to park, and with more fuel efficiency but fuel efficiency was not the only and not the major reason for getting a smaller vehicle. By smaller I do not mean a Ford Fiesta or Chevy Sonic but a Honda CRV with all wheel drive, heated leather seats, moon roof, and GPS. There are many of retirees that want smaller crossovers with the luxuries and that is one reason why cars are not selling as well–easier ingress and egress, more utility, and sitting a little higher.

I plan on giving my nephew my 99 S-10 which I have had for almost 20 years. My nephew is retired from the Coast Guard and his kids are grown. He has a 2014 Ram diesel which he uses on the farm but he wants the S-10 as a toy. He likes it the way it is and likes the 5 speed manual. I will keep my crew cab Isuzu and CRV and plan on retiring in a few years and moving to a warmer climate (been getting rid of stuff and downsizing).