Monday, December 28, 2015

The Cost of Getting There

If you’re almost giddy over cheap gas these days, you should be. Gas in the U.S. is very low compared to most markets around the world – not insanely low like in Venezuela, but pretty darn low – as this infographic shows. (Note: the prices shown are in litres. There are 3.78541 liters per gallon.) If you read the article, you’ll note that the variance in fuel prices are mostly determined by fuel subsidies and taxes. So the article begs the question: Are our gas prices too low? Too high? Or just about right? What do you think?