by Fred Fuld III
The number one financial topic that seems to be on everyone’s mind these days is inflation, and more specifically, the price of gas at the pump. Just in the last week, gasoline prices in the United States have increased by over 2.6%. That’s a lot for a one week increase!!!
The price is now around seven dollars gallon for high octane gas in California. As a matter of fact, the price oof gasoline in California is so bad, that the U.S. Energy Information Administration has two separate categories for the west coast: West Coast and West Coast Less California. I assume that the outrageously high price of California gasoline skews the west coast average.
Have you ever wondered how the US gas prices compare to other countries and how prices compare across the United States? The following is a selection of prices per gallon in US dollars from various American cities and countries around the world, based on recent averages.
| Average Prices per Gallon of Regular Gasoline Around the World | |
| Hong Kong | $11.35 |
| Italy | $8.20 |
| UK | $8.66 |
| Switzerland | $8.57 |
| Japan | $4.74 |
| India | $5.06 |
| US – West Coast | $5.87 |
| Canada | $6.55 |
| US – West Coast less California | $5.43 |
| China | $5.66 |
| Australia | $5.41 |
| US – Midwest | $4.97 |
| Mexico | $4.40 |
| US – Rocky Mountain | $4.92 |
| US – AVERAGE | $5.01 |
| US – East Coast | $4.85 |
| US – Gulf Coast | $4.63 |
| Russia | $3.53 |
| Saudi Arabia | $2.35 |
| Iran | $0.20 |
| Venezuela | $0.08 |
