Keeping track: gas prices

US gas prices are again on the rise after falling for eight weeks in a row. The reason? US crude-oil supplies are at their lowest level in years. Oil prices have jumped 15 percent this month to about $32 a barrel.

High crude-oil costs have also made gasoline more expensive around the world. But global gasoline prices often differ because of hefty taxes. In Norway, for example, a gallon of gas, on average, costs $5.09 while on the other side of the globe in New Zealand, the price is $1.97.

Here's how taxes contribute to the price of a gallon of gas in the US and other parts of the world:

(c) Copyright 2000. The Christian Science Publishing Society

You've read  of  free articles. Subscribe to continue.
QR Code to Keeping track: gas prices
Read this article in
https://www.csmonitor.com/2000/0828/p12s1.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe