Denmark Leads The World In Gas Prices At $9.69 Per Gallon

If you think $4 for a gallon of gas is pricey here in the United States, you should thank your lucky stars that you’re not a resident of Denmark. The Northern European nation is currently leading the world in gas prices, with a gallon costing an average $9.69, including a gasoline tax of $5.41.

Other countries like Portugal, Germany, Belgium and the Netherlands are all in the $9 per gallon range, with the Netherlands boasting the highest gas tax rate of $5.87 per gallon. Closer to home, Canada is averaging $4.70 with a $1.20 gas tax, while the United States is still at $3.96, with a 48 cent tax.

At the other end of the spectrum are oil-rich nations like Saudi Arabia, where a gallon costs 45 cents, and Venezuela, where it costs a mere 10 cents per gallon. As The Atlantic notes, Venezuela is selling heavily subsidized gas at roughly 98 percent less than market value, and the extra money could easily be put into infrastructure or public transportation.

[Source: The Atlantic]