OK, so we're all feeling the burn at the pumps these days and hope that it's only temporary. But our pain is shared by many countries. In fact, to a number of countries, US gas costs are actually cheap!
Don't believe it? Review the chart we put together below to end your disbelief. In it, you will see worldwide gas costs per gallon of gas for 2004 (green bars) and for the present, 2008 (white bars).
As the chart depicts, gas is twice as expensive in Europe and Israel, and 50% more expensive in Japan as well as in Brazil, where ethanol for sugar cane has emerged as a viable, widely-used alternative to gasoline. But in Venezuela and Saudi Arabia, two of the largest oil-exporting countries in the world, gas in cheap.
So why do gas prices vary so much between countries when...