Where do people spend the most money on gas?

People in South Africa spend the highest portions of their paychecks on gasoline. They spend over 5 percent of their annual income on gasoline, despite it costing $4.65 per gallon.

Even though Norwegians have the highest gas prices in the world at a whopping $9.26 a gallon, they’re well able to afford it due to their high income levels. In fact, filling up only accounts for 0.66 percent of an annual Norwegian income each year, according to data compiled by Bloomberg.

Cyprus and Mexico rank second and third with 3.6 and 3.4 percent respectively.

What about Americans? They  have to part with 2.27 percent of their annual income to cover gas costs, placing them 12th overall.Things are generally getting better for drivers, however. An oil boom in North America is driving down oil prices, with the cost of gas falling 7.2 percent over the past six months.

Check out the chart here to see more.

This entry was posted in CO2 News and tagged , . Bookmark the permalink.

Leave a Reply