Feeling Pain at the Pump? It Could Be Worse
Gas prices in Fremont, Calif.iStockphoto.com
As the price of gas reaches record highs in this country ... compared to other places across the globe, paying $4 per gallon could be considered a privilege.
"Out of 155 countries surveyed, U.S. gas prices were the 45th cheapest, according to a recent study from AIRINC, a research firm that tracks cost of living data.
The difference is staggering. As of late March, U.S. gas prices averaged $3.45 a gallon. That compares to over $8 a gallon across much of Europe.
... Cheap gas prices have also lulled Americans into a cycle of buying bigger cars and bigger houses further away from their work - leaving them more exposed to rising prices, some experts say."
Check out the comparisons:
How much are you paying for gas these days? At what point will the price of gas impact your daily driving?
12:56 PM ET | 05- 9-2008 | permalink