Shocking gas prices from around the world reveal just how bad things are for the oil industries
REUTERS/Toru Hanai
If you ever thought about driving across the US, or some other country, now is the time to do it.
The oil industry is in the midst of a historic downturn, which is plunging the price per barrel of oil to all-time lows across the globe.
International markets sell oil for a fixed price. But drivers are subject to fluctuating fuel costs depending on their location.
Taxes and subsidies play a large part in this, and the fluctuations are quite impressive, ranging from as little as $0.20 per gallon all the way up to $5.64.
Here, we've compiled fuel costs for 17 different gas stations across the world in order from most to least expensive.
Llanteg, Wales
REUTERS/Rebecca NadenLocation: Murco gas station in Llanteg
Date: Jan. 28, 2016
Cost per liter: 103.9 pence ($1.49)
Cost per gallon: $5.64
(*All of these fuel prices are subject to changes in exchange rates.)
London, Britain
REUTERS/Toby MelvilleLocation: BP gas station near Heathrow Airport in west London
Date: Jan. 30, 2016
Cost per liter: 101.9 pence ($1.44)
Cost per gallon: $5.45
Santiago, Chile
REUTERS/Ivan AlvaradoLocation: Copec gas station in Santiago
Date: Feb. 7, 2016
Cost per liter: 760 pesos ($1.08)
Cost per gallon: $4.09
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