U.S. Ruling Loosens Four-Decade Ban on Oil Exports

[Lemmingston]

[QUOTE=PolarEventide;45215694]To give another sense of the difference here...
[url]http://www.bloomberg.com/visual-data/gas-prices/[/url]

According to Bloomberg, while the US's average gas price ($3.69/gallon) is only the 51st highest in the world, the average percentage of income spent on gas in the US (2.99%) is the 9th highest in the world.

On the other hand, Norway has the highest average gas price at $9.79/gallon. The average Norwegian, however, only spends 0.86% of their income on gasoline, which is 51st in the world.

These statistics prove that the average American has a greater "pain at the pump" than the average Norwegian.

[editline]25th June 2014[/editline]

While gas prices are higher in Australia ($5.27/gallon), the average Australian spends 1.89% of their income on gasoline, as opposed to the average American who spends 2.99% of their income on gasoline.

tl;dr [b]Simply comparing the average gas prices in different areas does not accurately show the differences in what is [i]actually[/i] paid at the pump.[/b][/QUOTE]

Even you're oversimplifying it. Just using the percentage of income paid does not give an accurate comparable figure with different countries. There are way too many variables to compare.

Both the price per gallon and percentage of income is a bullshit statistic when comparing different countries. You cannot, because there are so many other variables.

[Virtanen]

[QUOTE=JoeSkylynx;45214982]
[media]http://www.youtube.com/watch?v=Fo8Xpf88jnM[/media]
[/QUOTE]

God save the Queen?

[worreh]

[QUOTE=Cmx;45215672]Why cant we get a thread that mentions gas/oil not devolve into "MY GAS IS MORE EXPENSIVE I HAVE IT WORSE!"
Its about as bad as the internet speed tests[/QUOTE]

It usually starts with an American saying "something something $3.50 per gallon something something"

[Silence]

[QUOTE=laserguided;45216004]you guys are dumb, I commute 25km a day and it costs $1.65 a litre for 91. That is like $6 US/gal[/QUOTE]

And I commute 112.6km per day (70 miles) and am currently paying $4/gallon (car only runs 93 octane premium) in a car that gets ~18 miles per gallon if I really try and squeeze the most fuel economy out of it (gets ~22-23 mpg highway, but stop and go gets me when I hit the city).

Antocedal evidence means practically nothing.