Sunday, May 26, 2013

Gas Prices Around The World

Have you ever wondered: Where do we (Canada) rank in the world, as an oil producing nation... and how do we compare with the other countries in regards to the price we pay for fuel?  With our latest jump in prices at the pump, together with all the talk of the oil sands projects... it crossed my mind.  The following is a list of the top ten oil producing countries in the world, and their average pump prices (pre-summer gouge, of course), in US$/Litre.

  1. Saudi Arabia - 0.16
  2. Russia - 0.93
  3. United States - 1.02
  4. Iran - 0.57
  5. China - 1.06
  6. Canada - 1.18
  7. Iran - 0.38
  8. United Arab Emirates - 0.50
  9. Mexico - 0.77
  10. Kuwait - 0.22
If you knock out the three greedy North American countries, the average pump price among the top ten oil producing nations is 54 cents/litre... less than half of what we pay!  And, as you can plainly see, we have the highest pump price of them all.  Compare that to what Venezuela does.  They have oil reserves, ignore the world price of oil, and even subsidize the price of fuel... to keep the cost of moving people and goods down.  They pay 2 cents/litre, or 8 cents/gallon!  Imagine that!  A nation attempting to reduce the burden on it's people!
So, any which way you slice it... the Canadian government screws us at the pump (and ironically, they don't have the common courtesy to use lube)!  I guess it could always be worse.  In Turkey, they pay $2.40/litre.

Pay on... my Canadian friends!

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