Gas prices: U.S. pain at the pump no match for Europe

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Gas, or petrol, prices around the globe highlight how consumers in dozens of countries — particularly in Europe — pay far more than Americans currently are to fill up their cars.

 

Several European countries pay north of $7 or $8 per gallon, including Germany, France, Italy, Spain and the United Kingdom. At the top of the expensive list is Hong Kong, where prices per gallon are higher than $11, followed by Norway at more than $10.

 

"European energy prices of all kinds are higher than what consumers in the U.S. pay," Peter McNally, Global Sector Lead for Industrials, Materials and Energy at Third Bridge told Yahoo Finance. "This was the case before 2022, but it has only become wider since."

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Relief for Americans may be coming: The national average for gasoline now sits a $5/gallon, down 2 pennies from a record high earlier this week, according to AAA.

 

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https://news.yahoo.com/gas-prices-us-europe-181512839.html