Think U.S. gas prices are high? Here’s how far $40 goes around the world. (2024)

It’s summer. You’re taking that long-awaited road trip, perhaps for the first time since the pandemic. Your first stop, a gas station. Cue the sticker shock.

In the United States and many other countries, prices have soared as pandemic restrictions eased and fuel demands increased. Labor shortages, shuttered refineries and the war in Ukraine have limited supplies, pushing prices even higher.

Story continues below advertisem*nt

Advertisem*nt

Story continues below advertisem*nt

Advertisem*nt

Even as prices have ticked down ahead of the Fourth of July weekend, Americans are still paying between $4 to $7 per gallon. Filling half a tank of a Toyota Camry — one of the world’s most popular sedans — costs about $40. If you’re driving a 2010 Camry — a model year we’re using based on the average age of cars on U.S. roads — you’ll go about 32 miles per gallon.

And that means $40 will get you around 250 miles down the highway.

[Analysis | The truth about gas prices and oil production]

But how far would $40 take you in the rest of the world? While U.S. costs at the pump hit records in June, they were lower than those in other countries with the largest economies, including France, Canada, China and Britain, but higher than those in other top oil producing nations such as Russia and Saudi Arabia.

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (1)

How far $40 of gas will get you

in the countries with the

largest economies

High income

100

200

300 miles

Japan

U.S.

247 miles

Australia

S. Korea

Canada

Germany

France

Italy

Spain

U.K.

Upper middle income

100

200

300

Russia

Mexico

Brazil

China

Lower middle income

100

200

300

India

Distances shown are for a 2010 Toyota Camry,

which goes 32 miles per gallon.

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (2)

How far $40 of gas will get you in the

countries with the largest economies

High income

100

200

300 miles

Japan

U.S.

247 miles

Australia

S. Korea

Canada

Germany

France

Italy

Spain

U.K.

Upper middle income

100

200

300

Russia

Mexico

Brazil

China

Lower middle income

100

200

300

India

Distances shown are for a 2010 Toyota Camry,

which goes 32 miles per gallon.

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (3)

How far $40 of gas will get you in the countries

with the largest economies

High income

100

200

300 miles

Japan

U.S.

247 miles

Australia

South Korea

Canada

Germany

France

Italy

Spain

U.K.

Upper middle income

100

200

300

Russia

Mexico

Brazil

China

Lower middle income

100

200

300

India

Distances shown are for a 2010 Toyota Camry, which goes 32 miles per gallon.

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (4)

How far $40 of gas will get you in the countries with the largest economies

High income

100

200

300 miles

Japan

U.S.

247 miles

Australia

South Korea

Canada

Germany

France

Italy

Spain

United Kingdom

Upper middle income

100

200

300

Russia

Mexico

Brazil

China

Lower middle income

100

200

300

India

Distances shown are for a 2010 Toyota Camry, which goes 32 miles per gallon.

How much gas your money buys depends on many variables, including taxes, government aid, refining costs, distribution and marketing.

“Oil is a globally traded commodity, and there are not easy substitutes for it,” said Jeff Barron, a petroleum industry economist at the U.S. Energy Information Administration. Russia’s invasion of Ukraine has been “very disruptive” to the global market, he added.

Reporters for The Washington Post spoke to people around the world to see how high fuel costs are affecting their lives and what governments are doing — if anything — to cushion the impact.

Select a country

France

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (5)

100

200 miles

247

U.S.

France

158

Cost of gas: $8.11/gallon

How much gas cost last summer: $7.01/gallon

Average annual income: $33,724

Government action: Since April 1, France has been offering motorists a rebate on fuel and reimbursing gas stations for the lost revenue. Estimates suggest that’s costing the government over $2 billion.

South Africa

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (6)

100

200 miles

U.S.

247

South

Africa

228

Cost of gasoline today: $5.61/gallon

How much gas cost last summer: $4.55/gallon

Average annual income: $4,862

Government action: As prices in South Africa rose in June, the government temporarily reduced gas taxes. Many drivers say they feel more help is needed.

Colombia

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (7)

200

400 miles

Colombia

589

U.S.

247

Cost of gas: $2.17/gallon

How much gas cost last summer: $2.31/gallon

Average annual income: $5,246

Government action: Gas prices in Colombia are among the lowest in Latin America because of the government subsidy. But with the fuel fund now $3 billion in debt, the government has warned it will soon start increasing prices.

South Korea

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (8)

100

200 miles

U.S.

247

South

Korea

202

Cost of gasoline today: $6.33/gallon

How much gas cost last summer: $5.29/gallon

Average annual income: $25,752

Government action: Prices are the highest they have been in a decade and continue to climb, despite the South Korean government reducing its fuel tax twice.

Story continues below advertisem*nt

Advertisem*nt

Story continues below advertisem*nt

Advertisem*nt

United Arab Emirates

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (9)

300 miles

150

UAE

308

U.S.

247

Cost of gasoline today: $4.15/gallon

How much gas cost last summer: $2.34/gallon

Average annual income: $39,306

Government action: The government hasn’t taken any steps to ease skyrocketing prices. In the last few months, the cost of gas has doubled — the first sharp increase since the UAE deregulated fuel in 2015.

Germany

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (10)

100

200 miles

U.S.

247

Germany

172

Cost of gas: $7.46/gallon

How much gas cost last summer: $6.81/gallon

Average annual income: $39,093

Government action: The government cut taxes on gas, lowering prices which had been among the highest in Europe. Even with these measures, people are still paying more than $7 per gallon. To help consumers, the cost of public transport also was cut. For around $10, people can travel anywhere in the country on regional trains or buses.

India

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (11)

100

200 miles

India

257

U.S.

247

Cost of gasoline today: $4.99/gallon

How much gas cost last summer: $5.08/gallon

Average annual income: $1,822

Government action: Surging prices this spring pushed the government to slash gas taxes and negotiate importing discounted oil from Russia, which stabilized costs. India has come under criticism for supporting Russian President Vladimir Putin through these moves, but officials contend they must put their own country first.

Story continues below advertisem*nt

Advertisem*nt

Story continues below advertisem*nt

Advertisem*nt

About this story

Gas data from GlobalPetrolPrices.com as of June 27. Vehicle data from the U.S. Department of Energy’s Office of Energy, Efficiency and Renewable Energy. GDP and income data from the World Bank. According to S&P Global Mobility, the average age of cars on U.S. roads is 12.2 years old, which is why we based our calculations on a 2010 Toyota Camry.

Editing by Reem Akkad, Kate Rabinowitz, Joe Moore, and Jayne Orenstein. Design and illustration by Chelsea Conrad. Design and development by Yutao Chen. Graphics by Júlia Ledur. Gerry Shih and Anant Gupta reported from New Dehli. Rick Noack and Ian Trueger reported from Marseille. DeLovie Kwagala reported from Johannesburg. Julie Yoon reported from Seoul. Loveday Morris reported from Berlin. Omnia Al Desoukie reported from Dubai. Samantha Schmidt reported from Bogotá. Chiqui Esteban provided translations. Copy editing by Angela Mecca.

Think U.S. gas prices are high? Here’s how far $40 goes around the world. (2024)

FAQs

Why is gas so high in the US? ›

Gas prices tend to rise during the warmer months of the year because of higher demand and a switch to summer-blend gasoline. The direction of crude oil prices and other factors also can contribute to higher prices at the pump.

Does the US have the most expensive gas in the world? ›

That may still feel like a lot for many consumers, but the pain at the pump is actually much worse in some other countries. Residents of Hong Kong pay the highest international gas prices, with 1 gallon setting them back $11.43. Iceland comes in second at $8.91 per gallon, followed by Monaco at $8.49 per gallon.

What country has the highest gas prices? ›

Hong Kong had the highest prices for premium gasoline (95-RON) on April 15, 2024. That day, prices averaged more than three U.S. dollars per liter, which was notably more than in any other country.

Who actually controls gas prices? ›

Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump.

Where does the US get most of its gas? ›

Most of U.S. natural gas imports are from Canada

In 2022, about 99% of U.S. total annual natural gas imports were from Canada and nearly all by pipeline.

Is gas cheaper in Canada or the USA? ›

Gas prices at the pump are typically lower in the US because of the difference in taxes.

Who has the cheapest fuel in the world? ›

Venezuela is the cheapest country on Earth to fill up your car. There a litre of petrol is just three cents. Though there's good reason for this. Venezuela is an oil-rich socialist country with heavy sanctions placed on it by Western countries.

Where is the cheapest gas in the US? ›

Mississippi has the lowest price of gas, with an average of $3.00 per gallon of regular gas.

How much is $1 US worth in Russia? ›

1 USD = 87.126224 RUB Jun 20, 2024 12:30 UTC

The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately. Sending money abroad is as easy as ever.

What is the average salary in Russia? ›

What is the average salary in Russia? Based on June 2023 currency rates, the average annual salary in Russia is around 1,240,000 RUB, or approximately USD 14,771. It should be noted that this figure varies greatly based on factors such as geography, industry, and employment role.

Why is the US in a gas crisis? ›

The crisis has three distinct elements: COVID-19 and supply chain disruptions, greater interconnectedness of natural gas markets, and signs of energy price volatility during the energy transition away from fossil fuels.

Will prices go back down? ›

They're most likely gone forever. That's because prices, on average, are a one-way ticket, generally rising over time, and falling only when something has gone wrong with the economy. Officials at the Federal Reserve who set the nation's monetary policy are determined to keep it that way.

How much will gas be in 5 years? ›

U.S. gasoline prices are expected to average around $3.40 a gallon in 2024 and $3.20 in 2025, compared with around $3.50 in 2023, according to the EIA's Short Term Energy Outlook report.

How is the US increasing gas production? ›

U.S. natural gas production grew by 4% in 2023, or 5.0 billion cubic feet per day (Bcf/d), to average 125.0 Bcf/d, according to our Natural Gas Monthly. The Natural Gas Monthly was recently updated with natural gas production data through December 2023.

Top Articles
Béarnaise Sauce Recipe
Homemade Root Beer Recipe
Amc Near My Location
Terrorist Usually Avoid Tourist Locations
Chris wragge hi-res stock photography and images - Alamy
No Hard Feelings Showtimes Near Metropolitan Fiesta 5 Theatre
Sunday World Northern Ireland
Scholarships | New Mexico State University
The Witcher 3 Wild Hunt: Map of important locations M19
State HOF Adds 25 More Players
Der Megatrend Urbanisierung
10-Day Weather Forecast for Santa Cruz, CA - The Weather Channel | weather.com
Vigoro Mulch Safe For Dogs
Van Buren County Arrests.org
Healthier Homes | Coronavirus Protocol | Stanley Steemer - Stanley Steemer | The Steem Team
Milanka Kudel Telegram
Parc Soleil Drowning
Pocono Recird Obits
Coomeet Premium Mod Apk For Pc
Galaxy Fold 4 im Test: Kauftipp trotz Nachfolger?
Gina Wilson Angle Addition Postulate
Discord Nuker Bot Invite
Dashboard Unt
Violent Night Showtimes Near Johnstown Movieplex
Publix Near 12401 International Drive
Goodwill Of Central Iowa Outlet Des Moines Photos
2004 Honda Odyssey Firing Order
Town South Swim Club
Hannah Jewell
Trust/Family Bank Contingency Plan
Lincoln Financial Field, section 110, row 4, home of Philadelphia Eagles, Temple Owls, page 1
What Time Does Walmart Auto Center Open
Free Robux Without Downloading Apps
Top-ranked Wisconsin beats Marquette in front of record volleyball crowd at Fiserv Forum. What we learned.
Hisense Ht5021Kp Manual
Craigslist Lakeside Az
Gets Less Antsy Crossword Clue
Ursula Creed Datasheet
Best Restaurant In Glendale Az
3496 W Little League Dr San Bernardino Ca 92407
Cdcs Rochester
“To be able to” and “to be allowed to” – Ersatzformen von “can” | sofatutor.com
Setx Sports
Kenner And Stevens Funeral Home
Phone Store On 91St Brown Deer
Myra's Floral Princeton Wv
Clock Batteries Perhaps Crossword Clue
Model Center Jasmin
Strange World Showtimes Near Century Federal Way
Black Adam Showtimes Near Cinemark Texarkana 14
Dumb Money Showtimes Near Regal Stonecrest At Piper Glen
Kindlerso
Latest Posts
Article information

Author: Msgr. Refugio Daniel

Last Updated:

Views: 6084

Rating: 4.3 / 5 (74 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Msgr. Refugio Daniel

Birthday: 1999-09-15

Address: 8416 Beatty Center, Derekfort, VA 72092-0500

Phone: +6838967160603

Job: Mining Executive

Hobby: Woodworking, Knitting, Fishing, Coffee roasting, Kayaking, Horseback riding, Kite flying

Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.