From Zero Hedge, a look at global gas prices, with New York City as the benchmark. A look at the price of a liter of gas (multiply by 3.8 for the gallon equivalent) gives a better picture of the choices that people make around the world when it comes to buying cars.
While European countries are well known for having expensive gasoline (and subsidised diesel fuel, to boot), I didn't realize that Australia, land of the V8 muscle car, was such an expensive place to fill one's gas tank. No wonder the Aussie car market is shifting from the Falcadore to the Corolla and the Mazda3 – to say nothing of diesel, Thai-built trucks replacing V8 Utes.
Another oddity is Rio, where an ethanol-heavy energy strategy still yields little in the way of cheap gasoline. Perhaps Marcelo can shed some light on this?
from The Truth About Cars http://ift.tt/Jh8LjA
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