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February 14, 2013

Greece Has Sixth Highest Gas Price Worldwide

Gas Pump with Zip Code
 (Photo credit: herzogbr)
According to a report on Bloomberg Greece apparently has the sixth highest gas price in the world. The Greeks΄ middling pain at the pump score is worsened by the amount they consume, according to Bloomberg. "They spend more of their income on gasoline than any country in the ranking: 4.8 percent".

Wages in Greece declined this year amid the ongoing financial crisis, compounding the pain of rising gas prices. Since 2009, Greece has raised gasoline taxes to the third-highest in Europe.

Turkey had the most expensive gas price at $9.89 per gallon, Venezuela has the cheapest gas price at $0.06 per gallon. capital