With transit bills, electric cars and other non-gas-guzzling transportation options reeling from late-2014’s sudden drop in oil prices, a lot of us are wondering just how cheap our gasoline really is. A new interactive report released by Bloomberg ranks the affordability of gasoline around the world, showing how we stack up against our international peers.
Even with gas prices averaging around $2.57 per gallon, the U.S. only ranks 12th in the world for simple dollar cost, behind countries like Venezuela, Kuwait, Saudi Arabia and Malasia. Fortunately, our high incomes bring us up to the number 3 position in terms of overall affordability. But our driving habits prove to be our undoing: the average American uses over 420 gallons of gas per year, which adds up to a proportion of salary greater than 46 of the 61 countries surveyed.
With prices back on the rise, perhaps it’s time to once again explore alternatives to the gas-dependent lifestyle.
Click below for the full report: