Gasoline and Diesel Usage and Pricing

Gasoline And Diesel Usage And Pricing

The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply). Since fuels are traded worldwide the trade prices are similar, the price paid by consumers largely reflects national pricing policy: some regions, such as Europe and Japan, impose high taxes on gasoline (petrol); others, such as Saudi Arabia and Venezuela, subsidize the cost. Western countries have among the highest usage rates per person. The largest consumer is the United States, which used an average of 368 million US gallons (1.46 gigalitres) each day in 2011.

Read more about Gasoline And Diesel Usage And PricingFuel Prices in The United States, Petrol Usage and Pricing in Europe, Countries With Subsidised Gasoline, Typical Gasoline Prices Around The World

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